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Crony Capitalism

Ryan Hurls 'Crony Capitalism' Charge

Reuters | Posted 07.30.2014 | Politics

By David Lawder WASHINGTON, July 30 (Reuters) - Republican congressman Paul Ryan on Wednesday slammed the U.S. Export-Import Bank as a...

The Export-Import Bank Debate: Tempest in the Tea Party Pot

Frank Islam | Posted 07.29.2014 | Business
Frank Islam

The charter of the Export-Import Bank (Ex-Im Bank or Bank) must be reauthorized by the end of September. Given the current heated debate it is likely that its fate will not be determined until the 11th hour.

Fun Accounting and the Export-Import Bank

Dean Baker | Posted 07.14.2014 | Business
Dean Baker

It is striking to see how the establishment types are willing to throw out all their rules and principles in order to secure re-authorization. Given their power, they will almost certainly win, but the rest of us should at least enjoy the show.

Why Uber Is Un-American

William J. Kelly | Posted 07.07.2014 | Chicago
William J. Kelly

Last month, Mayor Rahm Emanuel introduced a Chicago ordinance that magically created a new category of "transportation network provider," in order to legalize UberX's previously illegal taxi services.

In Search of Crony Capitalism

Douglas Holtz-Eakin | Posted 07.07.2014 | Politics
Douglas Holtz-Eakin

The fact that a program sends a payment to a corporation, or receives a tax payment or fee from a big business, simply cannot be prima facie evidence of crony capitalism.

Clinton Repeats '08 Mistake

Brent Budowsky | Posted 08.26.2014 | Politics
Brent Budowsky

There is a growing concern in Democratic circles, which I share, about whether the Hillary Clinton who could run in 2016 is repeating the mistake she made in 2008, when she ran as the inevitable and invincible candidate of a political establishment held in widespread public disrepute.

The Misrule of Law in Croatia

John Feffer | Posted 08.25.2014 | World
John Feffer

Natasha Srdoc, who has done stints in international banking, the think tank world, and politics, is a firm believer in free market capitalism. She doesn't think what took place in former Yugoslavia comes anywhere close to her understanding of how capitalism works.

Zach Carter

This Rising GOP Star May Undercut His Own Crusade

HuffingtonPost.com | Zach Carter | Posted 06.19.2014 | Politics

WASHINGTON -- When Rep. Jeb Hensarling walked into the Lehrman auditorium at the Heritage Foundation in late May, it was ostensibly to give a speech o...

How to Tell If Your Member of Congress Is a Crony Capitalist

Timothy Karr | Posted 08.18.2014 | Politics
Timothy Karr

First, find who his or her biggest corporate donors are. Then check his or her record on policies that may impact the bottom lines of those companies. Does she support or oppose financial-sector reform? Has he recently signed a letter or released a statement opposing EPA curbs to coal-plant emissions?

Cantor and Crony Capitalism

Jared Bernstein | Posted 08.15.2014 | Business
Jared Bernstein

One interesting issue to come out of Cantor's totally unexpected defeat is the feasibility -- or lack thereof -- of the delicate dance the majority leader tried to do: snuggle up real close to business and especially, in Cantor's case, financial markets on the one hand, and claim far right street cred on the other.

Jason Linkins

The Kronies Love Small Business And Hate Crony Capitalism, But Can They Bring People Together?

HuffingtonPost.com | Jason Linkins | Posted 01.27.2014 | Politics

Here comes the populist right! A mysterious new online entity calling itself Chimera Global Holdings is pushing a new comedy video/action figure marke...

Wendy Davis Rises, Texas Republicans Are Headed for a Fall, and the Battle of Texas Begins

Brent Budowsky | Posted 01.23.2014 | Politics
Brent Budowsky

Davis is the leader of a great and uplifting movement for change in Texas, while Greg Abbott is the tired champion of a corrupted Texas Republican Party whose leading voices divide and embarrass the Lone Star State.

Wendy Davis Poised to Change History in Texas

Brent Budowsky | Posted 11.20.2013 | Politics
Brent Budowsky

Oct. 3 will someday be viewed by Texas historians, Texas media, Texas political leaders and Texas voters as the day the future began to change in Texas, as the day the tide began to turn.

A Better Way for Clean Energy Investment

Mark Pfeifle | Posted 09.22.2013 | Politics
Mark Pfeifle

While many Americans would like to see us move toward "green energy" as a means to reduce our dependency on foreign oil and fossil fuels in general, such a move should be driven by market forces, not the strong arm of government and crony capitalism.

Adios, Mofo

Jason Stanford | Posted 09.08.2013 | Politics
Jason Stanford

Rick Perry might be moving on, but he's leaving behind a legacy as a radical free-marketeer who never governed anything he didn't want to privatize.

Wendy Davis for Texas

Brent Budowsky | Posted 08.17.2013 | Politics
Brent Budowsky

The future of Texas will not be found in voices who prefer a Texas in which Hispanics are second-class citizens when they seek to vote and women are second class citizens when they seek to live their lives as they choose and seek a good job and a fair wage.

Can President Nieto Deliver the Goods?

Daniel Wagner | Posted 06.26.2013 | World
Daniel Wagner

Breaking the monopoly of Mr. Slim and reforming Pemex would be a good start, and would also serve to demonstrate that the PRI is indeed interested in moving Mexico forward. It will take every ounce of his determination and perseverance to make it a reality.

George W. Bush: A Disastrous President

Brent Budowsky | Posted 06.25.2013 | Politics
Brent Budowsky

The Bush presidency was a disastrous presidency which caused a range catastrophies including the Iraq war, the budget deficit, and the financial crash.

David Stockman's Crony Capitalism

Harlan Green | Posted 06.09.2013 | Business
Harlan Green

David Stockman's New York Times 'rant' glorifies the gold standard and denigrates government for standing in the way of putting "free markets and genuine wealth creation back into capitalism." In fact, Stockman would return us to an earlier era of crony capitalism.

Days of Crony Capitalist Plunder

David Stockman | Posted 06.08.2013 | Business
David Stockman

The urgent imperative for the Fed to revert to canons of sound money can be illustrated by its opposite: the utterly shameful and gratuitous bailout of Morgan Stanley two weeks after the Lehman Brothers bankruptcy.

It Wasn't David Stockman Who Wrecked the Economy

Robert Scheer | Posted 06.01.2013 | Politics
Robert Scheer

Why is David Stockman driving everyone crazy? The shoot-the-messenger frenzy that has greeted Sunday's New York Times op-ed by Ronald Reagan's former budget director leaves one searching for the message that has so unhinged his critics.

Too-big-to-fail Banks Will Kill the Global Economy

Bill Frezza | Posted 05.12.2013 | World
Bill Frezza

Think our problems can be solved with a regulatory nip here and a fiscal tuck there? Believe that our fiscal and monetary challenges can be overcome if we just get "the rich" to pay their "fair share?"

Why Americans Pay So Much for Health Care: Friends in High Places (Just Not Your Friends)

Wendell Potter | Posted 04.06.2013 | Politics
Wendell Potter

If you wonder why we spend more money on health care than any other country but have some of the worst health outcomes, you need look no further than the halls of Congress to figure it out.

How Crony Capitalist Shamelessly Dupe Progressive Planners

Bill Frezza | Posted 03.16.2013 | Business
Bill Frezza

There it was in the recent Fiscal Cliff deal -- more tax breaks for windmills, electric cars, biodiesel, algae (algae?!), and of course 14 different flavors of ethanol. How many failures will it take before progressives wake up to the fact that they are being sold a bill of goods?

Crony Capitalism's Power Couple

Robert Scheer | Posted 02.20.2013 | Business
Robert Scheer

Where is Phil Gramm hiding? The former Republican senator from Texas has not been heard from since his bank got nailed by the G-men. Or, as the Times put it, UBS now has the distinction of being "the first big global bank in more than two decades to have a subsidiary plead guilty to fraud."