Gosh, a rent-seeking subsidy farmer prefers the Obama Administration over having to actually produce anything and compete in the open market. Go figure… Continue reading
Category Archives: Crony capitalism
Duke Energy CEO Picks Obama Over Romney on Energy
Posted in Battle of 2012, Capitalists v. capitalism, Crony capitalism
Tagged rent seeking, subsidy farming
Robert Bradley Jr.: Crony Capitalism in the U.S. Energy Industry: A Brief Review
America’s energy industries (oil, gas, electricity) have been a bastion of crony capitalism for much of their history. Leading gas and electricity firms sponsored state and then federal public-utility regulation during the Progressive Era and New Deal. Like other so-called public utilities, they welcomed the prospect of making commission-approved “reasonable” profits in an entry-restricted environment rather than taking their chances in open-entry markets. Continue reading
Posted in Crony capitalism, Economics
Walter Donway: Crony Capitalism: Principles and Practice
This post includes links to both parts 1 (Principles) & 2 (Practice). Continue reading
Posted in Crony capitalism, Economics
Industry groups sell profit-making, not planet-saving, at GOP convention
The American Petroleum Institute is inescapable here, its name attached to briefings and concerts while its campaign logo adorns free sunglasses and sunscreen. But clean energy is not invisible to Republicans during their quadrennial celebration. Continue reading
Matt Kibbe: Obama’s Crony Capitalist Flip Flop With the Democratic National Convention
In a letter sent to donors and supporters by the Obama campaign last year, First Lady Michelle Obama promised that the 2012 Democratic National Convention would be “a different convention for a different time.” Little did we know that the time she was referring to is the Robber Baron era. Continue reading
Michelle Malkin: Obama’s Green Favor-Trading
“Clean energy” is Obama-speak for crony government. Continue reading
Ties to Obama Aided in Access for Big Utility
Early in the Obama administration, a lobbyist for the Illinois-based energy producer Exelon Corporation proudly called it “the president’s utility.” And it was not just because it delivers power to Barack Obama’s Hyde Park neighborhood in Chicago. Continue reading
Big Green Machine – GE makes $21 billion a year on “clean energy”
GE — A clean energy revenue machine – GE is so large that its annual revenue ($150 billion) is greater than New Zealand’s gross domestic product ($140.43 billion). But GE stands to profit in solving man-man global warming, whereas New Zealand will just pay. Continue reading
Steve Stanek: Recent Evidence Shows Real Capitalism Beats Crony Capitalism
In the span of two weeks we have seen a success of capitalism and a growing failure of state capitalism. Continue reading
Posted in Crony capitalism, Economics
Antonia Zerbisias: Is Toronto ready for climate change?
Take four parts various disaster stories, add at least one part subsidy farming scam, mix with crony capitalism and get one idiot Toronto Star “feature”: Continue reading
White House hopeful on renewal of wind tax credit
The White House is hopeful Congress will renew a $12 billion tax credit for wind power production, a senior Obama administration official said, as a government report warned that thousands of U.S. jobs would be lost if the incentive runs out. Continue reading
Posted in Crony capitalism, Economics
Tagged energy subsidies, government subsidies, really stupid idea, subsidy farming, Wind power
Tad DeHaven: Cut big business’s corporate welfare
With the federal government closing in on its fourth consecutive budget deficit in excess of $1 trillion, the national debt is hurtling toward dangerous levels. If the nation is to avert a debt crisis, federal policymakers need to aggressively balance revenues. Business subsidies, or “corporate welfare,” are a good place to start. Continue reading
Posted in Agriculture, Crony capitalism, Development, Economics
Art Horn: Will The Rising Oceans Be Our Downfall?
The night was almost four years ago. Candidate Obama had defeated John McCain. This victory was to introduce a new and magnificent period of “hope and change” to America. The bad old Republicans and their money grubbing ways had been swept into the past. The changes to come would be breathtaking! There would be so much hope and so much change that, according to the new President his election signaled that “This was the moment when the rise of the oceans began to slow and our planet began to heal”. Continue reading
Posted in Baseload Energy, Clean energy, Climate Change, Coal, Crony capitalism, Development, Eco-imperialism, Environmentalism, EPA, Green hell, Keystone XL, Tar sands
Tagged anti coal, anti development, climate hysteria, deepwater drilling, dioxycarbophobia, energy infrastructure, greenie obstructionists, KXL, offshore drilling, oilsands
Mayor refers Solyndra questions to White House
Email suggests Emanuel involved in federal loans to failed solar energy company Continue reading
Posted in Clean energy, Crony capitalism
Tagged government subsidies, really stupid idea, solar power
Donald Lambro: Renewable energy dollars for Obama’s cronies
Anyone who follows the news or is unemployed knows the lack of jobs in President Obama’s economy and an exploding $15.9 trillion debt are two of the voters’ top concerns this year, according to all the polls. Continue reading
Posted in Clean energy, Crony capitalism, Economics
Tagged government subsidies, really stupid idea, solar power, Wind power
Ron Arnold: Eagles are soaring into wind energy battle
Free-market advocates have a hard time explaining that being anti-environmentalist is not the same as being anti-environment. Big Green has done such a thorough job of casting itself as nature’s selfless, altruistic guardian that supporters don’t even notice that their rants against “money-grubbing polluters” always end with “Send Money.” Continue reading
Marita Noon: The First Solar Swindle
As we dig deeper in the green-energy crony corruption-story, it begins to sound more and more like the making of a big-budget Hollywood thriller. Continue reading
Posted in Clean energy, Crony capitalism
Tagged energy infrastructure, energy subsidies, government subsidies, solar power
Selling the carbon tax: individual versus collective self-interest
Garbage. There is no collective good to be had from carbon constraint – the only good is for the select few who run the carbon scams. The collective interest is in the cheapest energy and strongest economy not in the selective enrichment of bankers and traders and “green energy” crony capitalists. Australians don’t want the carbon tax and will vote for the Coalition that has pledged to eliminate it. Get over it. Continue reading
Posted in Cap & Tax, Clean energy, Crony capitalism
Tagged carbon scam, carbon tax, climate fraud, government cash grab, really stupid idea
Phil Kerpen: The Crony War on Coal
Natural-gas companies and environmental groups team up to kill affordable energy. Continue reading
Sixteen House GOP Freshmen Forget Principles in Support of Wind Subsidies
Eighteen freshmen Members of the House of Representatives sent a letter last week to House Republican leaders urging them to “take up an extension of the Production Tax Credit (PTC) for wind energy as soon as possible.” Sixteen of the eighteen signers are Republicans. House Majority Whip Kevin McCarthy (R-Calif.) also recently announced his support for extending the wind PTC, which is set to expire at the end of the year. Continue reading
