DOES ‘GM’ STAND FOR ‘GOVERNMENT MANDATE’?

by: Brent Smith for World Net Daily:

By her own admission, the CEO of General Motors wants to further her pursuit into crony-corporatism to achieve her vision of an all-electric, zero-emissions future.

There is something inherently wrong with the term crony-corporatism – although most use the term crony-capitalism.

There really isn’t anything capitalistic about cronyism. And there isn’t anything inherently wrong with corporatism. In both cases, the problem is “crony.”

For those unfamiliar, crony-corporatism is when a private-sector corporation gets in bed with the government. It may be federal or state, but in either case (or both), the corporation curries favor with the government, seeking special carve-outs and regulations that effectively lock out their competition. It’s an insidious relationship that benefits none but the corporation and government special interests. The consumer always suffers in the end. read more

Wal-Mart has Turned to Cronyism to Compete

from IBD:

Main Street” is Americana. Literally, it’s the primary road in a town, but culturally it’s much more than that. Main street is synonymous with mainstream, but it also evokes core American ideals like fairness — that the rules are the same for the “average Joe” as they are for wealthy corporations.

In recent years, Wal-Mart Stores (WMT) has tried to appropriate “Main Street” into the names of various lobbying campaigns it’s funding. First, it was the “Alliance for Main Street Fairness,” a Wal-Mart-led coalition to impose price controls on payment fees.

Now the company is behind the “Main Street Energy Alliance,” a group of companies who are working to convert the government’s ethanol quotas into a weapon against their competitors. read more

Government Giving Away Millions for Urban Farms

by: the Common Constitutionalist

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The city of Chicago will be receiving $1 million to set up “Urban Farms.” It’s part of an overall federal government giveaway by the U.S. Department of Agriculture (USDA).

“Chicago’s new ‘Growing for Chicago’ initiative is one of 45 projects to be awarded a total of $26.6 million this year through the U.S. Department of Agriculture’s annual Conservation Innovation Grants.”

Naturally, the first thing that comes to mind is to ask what authority the USDA has to give $26.6 million of federal taxpayer dollars away to black holes like the city of Chicago. But that’s a silly question. They have no authority whatsoever. So what. What does that matter anymore. I’m sure the funds where tucked away in the massive farm bill, that no one ever reads.

Second is that this is obviously not a one-time thing as the Tribune states the money is part of an “annual” giveaway. So this giveaway happens every year. But no matter. I’m sure it will go to the cause it claims to – “Growing for Chicago,” and not to line politicians’ pockets, or used in crony corporatism scams. We can trust them. After all – it is the federal government and city of Chicago we’re talking about – both run by well-respected and honest administrations. read more

Two Republican Titans Dump Trump

by: the Common Constitutionalist

Notice I didn’t say conservatives – but I’ll get to that.

A couple of Republican heavyweights have bolted on The Donald. Both George Will and W’s former treasury secretary, Henry “Hank” Paulson have jumped ship. More accurately, neither was ever on the good ship Trump and were most likely never to come aboard anyway, so really it’s not a huge loss.

But they didn’t just leave. They did so in a less than cordial and highly publicized manner. Of course, being public figures, it would be difficult for either of them to do so under the radar.

It’s not that they left that bugs me. It’s the fact that the American press treats these two establishment darlings as true conservatives. But maybe they are conservatives – just not constitutional conservatives. After all, the definition of a conservative is one who wishes “to preserve existing conditions, institutions, etc., or restore traditional ones, and to limit change.” And they sure do want to do that. They want to preserve the establishment “existing condition,” where big government reigns supreme, but they are in charge.

George Will is now an independent, having no affiliation with either major party. He did so, “After Trump went after the ‘Mexican’ judge from northern Indiana then Paul Ryan endorsed him, I decided that, in fact, this was not my party anymore,” Will said on Fox News Sunday. read more

How Will Corporate America Ever Survive Without the Export-Import Bank?

by: the Common Constitutionalist

To listen to the wails from Democrats and the socialistic “financial media,” you’d think business will cease to exist in America. Certainly American corporations will no longer be able to compete on a global scale without the help of our government.

You see, the big meanie conservative Republicans in the House allowed the Export-Import bank authorization to lapse – so now, other than previously agreed-upon commitments, the bank is no more.

Last week General Electric, one of the largest corporations on the planet, “announced it would create 500 jobs in France instead of the United States because it can no longer access the kind of financing once offered by the now shuttered agency.”

“Congress left us no choice when it failed to reauthorize the Ex-Im bank this summer,” said John Rice, G.E.’s vice chairman. You do have a choice Mr. Rice – but I’ll address that in a bit.

The liberal Fiscal Times felt the need to add: “but G.E.’s announcements suggest that more companies may start blaming Congress for destroying American jobs.”

Guess they got that right out of the Democrat playbook. It is widely known that the spineless Republican leadership can’t stomach criticism. But to that, my man Ted Cruz said: “I understand the crony capitalism is an easier way to do business, simply getting politicians in Washington to carve out billions in favors for giant corporations, but it’s not what Congress should be doing.” read more

America – A Bastion of Socialism

By: the Common Constitutionalist

“Well, this is it. The last bastion of pure capitalism left on Earth. Buy low, sell high. Fear? That’s the other guy’s problem. Nothing you have ever experienced will prepare you for the absolute carnage you are about to witness. Super Bowl, World Series – they don’t know what pressure is. In this trading placesbuilding, it’s either kill or be killed. You make no friends in the pits and you take no prisoners,” Louis Winthorpe III – from the classic 1983 movie Trading Places.

Winthorpe (Dan Aykroyd) was describing to his partner Billy Ray (Eddie Murphy – when he was still funny), the atmosphere he was to encounter in the trading pits of the Commodities Exchange in New York City. How oddly appropriate that this “bastion of pure capitalism” was housed in the World Trade Center.

This is what we think of when we envision Wall Street. This is what we’ve grown up watching – Quintessentially American capitalism.

But of course that was during the dark years of Reaganomics and Trickle Down. Oooohhh! Just think thinking of that decade gives socialists and weak-kneed liberals the vapors. read more

Thomas Piketty – The Latest Leftist Hero

by: the Common Constitutionalist

All this talk by the president of “Income Inequality” seems to be quite well-timed.

It seems to coincide quite nicely with the blitzkrieg of promotion regarding the book “Capital In the Twenty First Century”, by French economist Thomas Piketty. Who better to attempt to trash the capitalist system than a French socialist and obvious Keynesian.

In his book, Piketty argues that worsening income inequality is an inevitable outcome of free-market capitalism where a select few get richer – widening the gap between the haves and have-nots.

There’s only one problem with Piketty’s theory and it is his assumption that we actually have a free market. Of course to him, anything that isn’t a top-down centralized authoritarian socialist state would be considered a free market.

But we don’t have a free market. We have a skewed system – some call it crony capitalism – I call it crony corporatism. Whatever you call it, it bears little resemblance to a free market. read more