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Obama's manufacturing czars: Crony Capitalists

Discussion in 'BBS Hangout: Debate & Discussion' started by Hightop, Dec 13, 2011.

  1. Hightop

    Hightop Member

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    Democrats just go on believing their party is about fighting corporations and standing up for the little guy. Thieves.

    http://campaign2012.washingtonexami...-manufacturing-czars-crony-capitalists/254731

    December 13, 2011 4:26pm

    When President Obama thinks of businessmen, naturally, he thinks of those of who make their money by partnering with government and eschewing the free enterprise thing.

    That's why Obama's jobs czar is Jeff Immelt, who heralded government's role as an "industry champion," and whose company, GE, spends more on lobbying than any other company while profiting from subsidies, bailouts, mandates, and regulations in industries ranging from embryos, to trains, to methane, to windmills.

    These aren't what I would call exemplars of the productive class. They are people that make money without necessarily creating value. If these are the liberals' ideas of capitalists, I can't blame them for distrusting capitalism.

    That's why Obama's export czar is from a company, Boeing, that has a whole government agency dedicating a majority of its spending to subsidizing its jet sales.

    And now Obama named two manufacturing czars: John Bryson and Gene Sperling.

    Here's what I wrote of Bryson when Obama nominated him for Commerce Secretary:

    President Obama's choice to lead the Commerce Department is a revolving-door former regulator who has spent his private-sector career earning millions from government-granted monopolies that depend on subsidies for their profits.

    John Bryson was CEO of Southern California Edison; he's a director at Boeing, Disney, and electric-car maker Coda Automotive; and he's chairman of the board at solar energy giant BrightSource. All of these businesses rely heavily on government subsidies and government protection.

    And on Sperling, I'll let liberal Huffington Post blogger Dan Froomkin take it away:

    Sperling, who has held a series of senior economic policy jobs in both the Clinton and Obama administrations, is a lawyer by training. In between the two Democratic administrations, he did lucrative consulting work that in 2008 alone netted him $2.2 million, including $887,727 from Goldman Sachs for a part-time job advising it on its charitable giving and $158,000 for speeches mostly to financial companies.

    <iframe width="420" height="315" src="http://www.youtube.com/embed/5Gfw4-r2Hcc" frameborder="0" allowfullscreen></iframe>
     
  2. SamFisher

    SamFisher Contributing Member

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    I see, so when former GE CEO Jack Welch says something, we should listen he's after all, an icon who gets the job done, but former GE CEO Jeff Immelt is a crony capitalist.


    Hightop, why don't you tie your shoelaces together, and throw this ID over a power line in your parents neighborhood. And then you'll just have to deal with bird poop - a welcome relief.
     
  3. Northside Storm

    Northside Storm Contributing Member

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    America grew behind a barrier of protectionism, and subsidization. Telegraph lines were subsidized, until they were discarded in favor of subsidized telephone lines.

    I'm in favor of ending corporate subsidies in most areas, and definitely want to end the revolving door, but I always wonder if the libertarians out there are realize that their vision of the world is about as unrealistic and idealistic as the neo-Marxists they so ardently despise.
     
  4. Dubious

    Dubious Contributing Member

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    I don't disagree, Democratic legislators are crap.
    They are the second worst of all possible alternatives.
     
  5. rhadamanthus

    rhadamanthus Contributing Member

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  6. MoonDogg

    MoonDogg Member

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  7. thadeus

    thadeus Contributing Member

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    Yep. This is the sad, sad case.

    Ultimately, all of our realistic candidates have too much invested in the current business-as-usual to ever really do anything to change it.
     
  8. Nook

    Nook Member

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    So I take it the talking point is no longer that he is a socialist?
     
  9. yo

    yo Contributing Member

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    He is, sometimes. When it's convenient.
     
  10. krosfyah

    krosfyah Contributing Member

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    As soon as the author of the article starts throwing terms like 'liberal' around then I know it's a partisian hack.

    As long as both parties vote down party line for every single vote, neither dems or repubs have any moral high ground to stand on. This country won't be fixed until we, as citizens, can honestly and openly discuss each issue on their own merrits.
     
  11. glynch

    glynch Contributing Member

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    Actually I think neo-Marxists are much less doctrinaire. That is whey they are "neo".

    I would classify many libertarians as total "true believers" who believed that they have the complete secret to organizing society, like "scientific" Marxists. Their simplistic market ideas are they believe as proven as the law of gravity or perhaps for some of the Ron Paul southern libertarians also a reflection of "God's will." As one author entitled a book "One Market Under God".
     
  12. glynch

    glynch Contributing Member

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    hightop

    No, they just know that Dems stick up more for the little guys than Republicans and libertarians the very essence of the 1%. Notice the so called libertarian attacking Democrats and not the GOP. Par for the course.

    lol libertarians just have such childish faith in corporations and the wealthy to treat them right without any regulation from hated government. It makes you wonder if they ever have dealt with an insurance
     
  13. Raven

    Raven Member

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    Progressives have known better than that for years, and you won't find many liberals who are willing to defend Obama's toxic relationship with wall street. Still, a compromised Obama is better than McCain every day of the week and twice on Sunday.
     
  14. Dairy Ashford

    Dairy Ashford Member

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    Yeah, I guess the best way to identify corruption is to recite stuff from people's resumes.
     

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