Tiny 12, investiigative reporter
[QUOTE=Tiny12;437275]There's an article in this month's Reason Magazine that I wish I could link to, for the benefit of Reverend Black Shirt and WT69, but it's not on the web. Reason, by the way, is hard core libertarian. They hate Republicans as much as Democrats. (I lean Republican because it's more important to me that government stay out of my pocket, versus out of my bedroom).
Anyway, they provide examples of how financial companies have corrupted or swayed politicians. And the politicians are Democrats. Republicans tried to do away with the estate (death) tax. It's both unfair, and the costs associated with the tax exceed the actual amount raised by it. The heavy fire power to keep the tax in place came not from left wing idealists, but rather from life insurance companies. Life insurance companies benefit heavily from the estate tax, because the death tax is not levied on benefits, and also because benefits can be used to avoid having to sell the family business or family farm when someone dies.
A second example was William Hambrecht, founder of a couple of investment banking firms. He put Paul Pelosi Jr., Nancy's son, on his firm's payroll. He also put Pelosi and her husband into initial public offerings (IPO's) where she could flip shares and make big profits. [b](Sound familiar Esten?)[/b] So when Hambrecht wanted to push through a change in regulations for IPO's, Pelosi was at hand to help influence Barney Frank and other members of the House Financial Services Committee.
It bears repeating, you should cease your continual bitching about the Tea Party, as they're the only ones out there trying to stop this bull shit.[/QUOTE]Why don't we just say, that if we really want to dig for dirt in every level on the poliitcal front, the corruption, nepotism, and the insider deals could fill up the Grand Canyon? Whether it be Democrats or Republicans. Party affiliation is not a vital issue for me. I have always consider myself a practical compassionate conservative. On this board, I take the side of Obama and Universal Care only because of the blind hatred of the Gang That Could Not Shoot Straight. From Day 1, even before ObamaCare was enacted, the bias, unfairness and hatred started.
The fact is that in our political system, CORPORATE / BIG BUSINESS controls our electoral process and the resultant government. This is the CORRUPTION phase I highlighted in my previous post. Legislation are enacted to allow illegal activities to be legitimate. Even so, banks are paying record fines. Who do you think has the means & power to do that? Poor people, uneducated people, low income workers, undocumented workers? What do you think? One thought, wealth (not all) is generated on the backs of the toiling class. Next time you put on your trousers, give a 10 second silent prayer for the garment workers in Bangladesh. And also before you light up that cigar, or splash some whisky down your throat.
People seem to think that they have alot of control of their lives. Obviously, money helps. But only up to a point. More than 50% or more of what you do is control by marketing forces that tells us what to buy, eat, entertain, laugh or cry. And even where to go. Am I full of shit? Perhaps. Just look at the row of pills that you are taking everyday. How did you become this way, why do you need them?
Ok, enough for today.
The Obama Administration and Crony Capitalism, Part II
[URL]http://webcache.googleusercontent.com/search?q=cache:online.wsj.com/news/articles/SB10001424052702304325004579295030954653514[/URL]
Wind power, Solyndra, Citibank, big business, big unions -- hire the right lobbyists and grease the right wheels and the world is your oyster.
While Obama was raising taxes big time on successful small businesses and individuals last year, Democrats were passing $40 billion in tax exemptions for NASCAR, rum distillers and renewable energy firms. Actually all the Democrats on the Senate committee that attached this amendment to the tax bill voted in favor of the pork, but half the Republicans did too. Again, the Tea Party Republicans are the only ones out there fighting crony capitalism.
What's wrong WT69, cat got your tongue?
