John Hinderaker recently did a presentation on corporate cronyism. He cleaned it up and posted both the slides and details online. It's true that the presentation was given at a semi-annual seminar hosted by the evil Koch brothers. I'm hoping that my liberal friends can manage to overlook that long enough to read the presentation and think about whether this level of government/corporate entanglement is a good idea.
What we have seen more recently, especially in the Obama administration, is something much more sinister — private sector, or corporate, cronyism — where the government uses its power to tax and spend, and its power to regulate, to help some companies and industries, making them artificially more profitable or keeping them in business, while using the same powers to disadvantage and potentially destroy other companies and industries that are not allied with the White House or with Congress.
Does being an Obama crony pay off? This graphic from Peter Schweizer’s book sums it up as well as anything: the members of Obama’s national finance committee have already recouped an average of around $25,000 in federal dollars for their companies, for every dollar they raised for Obama’s campaign. Is that a good investment, or what?
I'm opposed to these shenanigans no matter who is in power.