This is a situation where the traditional “…Wait. WHAT?” seems a bit… understated: “Obama For America took out a $15 million loan from Bank of America last month, according to the campaign’s October monthly FEC report. The loan was incurred on September 4 and is due November 14, eight days after the election. OFA received an interest rate of 2.5% plus the current Libor rate.” Now, | Read More »
Finally, someone has seized upon what I think is THE winning narrative in this election cycle. It used to be that if you worked hard enough you could be successful in America. But in Barack Obama’s America, you have to work hard and give to Barack Obama. It’s all about the team you are on, not the work you do. The website Crony Chronicles has | Read More »
Mitt Romney actually stood for bold colors yesterday. For conservatives, it should be the biggest story of the week. Conservatives are rightfully focused on the impending tax cliff that is facing American taxpayers at the end of the year. But we must not forget the subsidy cliff either. Dozens of special interest tax preferences, known as tax extenders, are slated to expire at the end | Read More »
Well, not exactly. Fred Upton has defeated Fred Upton. As the primary season progresses, we’ve see this pattern repeat itself on numerous occasions. There’s an old bull Republican who has been pushing for big government and anti-free-market policies for years. Then, as soon as his primary opponent begins to sow the seeds of disquiet in his district, the old bull lurches to the right, introduces | Read More »
In recent weeks, we’ve been subjected to mellifluous pandering to our nation’s farmers by liberals in both parties. They admonish us about the need to provide farmers with a “safety net” and to protect them from catastrophic events. To that end, they are pushing a massive $1 trillion Ag subsidy, which happens to contain over $750 billion in food stamp spending. Aside for the fact | Read More »
(Via Instapundit) What does crony capitalism look like? This is what crony capitalism looks like:
OK, here’s the background: back in 2011 it came out that in 2008 Congresswoman Shelley Berkley (D, NV-01) intervened to prevent the shutdown of a Nevadan kidney transplant program that was killing patients. It’s important at this point to distinguish between proper and improper responses: for example, it is proper to be concerned about what was reported as being “the only transplant center in Nevada” | Read More »
In a move that they’ll surely regret, the Obama campaign has called attention to a “green energy” loan to Konarka Power Plastic of Lowell, MA while Mitt Romney was governor. They have accused Romney of hypocrisy in his criticism of the Obama Administration’s DOE loan guarantee to Solyndra and other “green energy” firms. Here’s how the two loans panned out: Obama Romney Failed Green Company | Read More »
You might have thought that we vanquished Dick Lugar from the levers of power a few weeks ago. But if nothing is done to stop the impending 5-year Farm Bill, he might harm us with his regressive policies long past his time in Washington. Last month, the Senate Agriculture Committee passed a 5-year farm bill that continues to serve as one of the most potent | Read More »
It’s hard to think of a more liberal Republican that occupies a more consequential position in Congress than Fred Upton. It’s not just the fact that the Chairman of the Energy and Commerce Committee, one of the most powerful House panels, is a big supporter of green energy. It’s not just the fact that this same man was the Thomas Edison of the incandescent light | Read More »
Undoubtedly, as we pursue a limited government agenda, we face an arduous task in reducing personal dependency on government. Democrats have successfully created a scheme where almost half the population pays no income taxes, while 40% receive something from the government. Their relentless demagoguery makes it difficult to wean people off welfare and entitlement programs. However, there is a lower hanging fruit in the statist | Read More »
Recently, some of my friends have expressed shock and dismay over the Chamber of Commerce’s endorsements of big-government establishment Republicans like Dick Lugar and Jon Bruning. After all, they suggest, isn’t the Chamber a bastion of free-market, pro-growth policies? The answer is really simple. It is no enigma. The Chamber of Commerce is not conservative, pro-free-market, or even necessarily pro-growth. They support the special interests | Read More »
As Republicans, we have ridiculed Obama’s stimulus, bailouts, picking winners and losers, crony capitalism, Keynesian economics, European-style socialism, and Solyndra-style loans. Yet, there might only be 50 Republicans in the House who are willing to block a GOP effort to reauthorize a New-Deal policy that represents all of the aforementioned vices. Roll Call is reporting that Eric Cantor is negotiating with Steny Hoyer in an | Read More »
From the diaries… Foreign Firms Take Millions in Recovery Act Cash April 3, 2012 — Since 2009, a wind-power company in Devens, Mass. has taken $21.7 million in Recovery Act awards, sent the bulk of that taxpayer-funded stimulus to French firms, fallen victim to industrial espionage and fired American workers. American Superconductor was once a paragon of so many promising alternative energy companies, a shining | Read More »
Download Podcast | iTunes | Podcast Feed On today’s edition of Coffee and Markets, Brad Jackson and Ben Domenech are joined by Matthew Boyle to discuss FCC favoritism toward broadband company LightSquared, the firm’s ties to Obama, and the continual culture of corruption at the White House. We’re brought to you as always by BigGovernment and Stephen Clouse and Associates. If you’d like to email | Read More »
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