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Gerry Clinchy
05-21-2012, 11:49 AM
http://freebeacon.com/gms-bailout-bucks/

You really have to read this article carefully ... it explains the incestuous relationship between lobbyists, business, and political figures. The interconnections are really convoluted.

Issa seems to be involved in all these investigations. Wonder how he ever came to be elected in California :D


House Oversight and Government Reform Committee Chairman Darrell Issa (R., Calif.) soon initiated an investigation into the meeting to see if the administration developed the policy “in secret” to benefit the government-owned automaker.

“If in fact the CAFE standards are the result of political haggling and not the application of proven science to the laws passed by Congress, then the administration stands in violation” of the Administrative Procedures Act, Issa wrote in an August 2011 letter to the White House. In the letter, Issa noted “The administration’s unusual insistence that auto manufacturers forsake their statutory right to challenge the final rules before they are even drafted.”

Franco
05-21-2012, 12:20 PM
I am going to jump into this topic later today, when I have the time. What we currently have in this country is Crony Capitalism and it is a huge problem. If we had real Capitalism and Free Markets, we wouldn't be in the financial mess we are in today!

Gerry Clinchy
05-23-2012, 06:24 PM
http://freebeacon.com/bundler-of-sunshine/

Another example:


Arvia Few is a bundler for the Obama re-election campaign (http://www.barackobama.com/2012-first-quarter-volunteer-fundraisers) who has promised to raise between $50,000 and $100,000. She began bundling for Obama in the first quarter of 2012. Her husband (http://recipe4success.org/board/arvia-few.html), Jason Few, is an executive at a company that has benefited handsomely from the Obama administration’s clean energy spending, records show.

The U.S. Department of Energy granted NRG Solar a $1.237-billion loan (https://lpo.energy.gov/?projects=sunpower-corporation-systems-california-valley-solar-ranch) in September 2011 to help build NRG’s California Valley Solar Ranch, which is described as (https://lpo.energy.gov/?projects=sunpower-corporation-systems-california-valley-solar-ranch) “a 250 MW alternating current PV solar generating facility” by the U.S. Department of Energy.


The multiple DOE loans did not stop NRG Energy from reporting a first-quarter 2012 loss (http://phx.corporate-ir.net/phoenix.zhtml?c=121544&p=irol-news&nyo=0) of $206 million.
Even so, NRG has recently expanded its operations.


There are lot of others that are inter-related with the NRG history ... including Warren Buffett.

menmon
05-24-2012, 02:44 PM
This is how the game is played gentlemen;-) They all have these guys because they can't win without them. Looking close at the game on either side will make you sick. Talking about these things does not make someone change their vote it just strokes the bases.

Gerry Clinchy
05-24-2012, 05:35 PM
Sambo, the only reason this is especially irritating with this administration, is that O's stressed how he was gong to change this kind of hanky-panky. He made a large issue of this.

charly_t
05-25-2012, 01:36 AM
Sambo, the only reason this is especially irritating with this administration, is that O's stressed how he was gong to change this kind of hanky-panky. He made a large issue of this.

Ditto. And instead of fixing it he made it worse ! I've always figured we could fix things in this country by voting for the "good guys" but the "good guys" never get to run anymore. No one running for prez that I really want in the White House anymore.

Buzz
05-25-2012, 09:58 AM
Ditto. And instead of fixing it he made it worse ! I've always figured we could fix things in this country by voting for the "good guys" but the "good guys" never get to run anymore. No one running for prez that I really want in the White House anymore.

There was an anarchist named Emma Goldman who once said: “If voting changed anything, they'd make it illegal,”

Franco
05-25-2012, 10:26 AM
Capitalism is under attack from the left and the right. The left is claiming it doesn't serve middle America. The problem is, we haven't had Capitalism! What we have is what is in this title, "Croney Capitalism". There is an army of Lobbyist in DC that are well financed buying influence and circumventing Capitalism and Free Trade and that won't change in the next 4 years whether it is Obama or Rmoney! If we don't have real Capitailism in the near future than you can bet we will have a lot more Socialism!

menmon
05-25-2012, 10:49 AM
This example is not influence of Obama...It is Obama using their influence! Big difference.

Power brokers have been around before capitalism and since Adam and Eve. This is not going to change and will always be a part of capitalism or what sytem is in place. The "golden rule"....the man with the gold makes the rules. This is why you can't go without rules and regulations, because capitalism will always find the route of least resistence no mater who it damages along the way.

If you have not read the book about EXXON, I suggest you read it. Everyone has been up in arms about the lack of deep water drilling permits, when EXXON said their only plan for disaster is not to let it happen. They do a great job of it too, but they also acknowlege that they did not have the capabilities to stop a blowout in the gulf at those depths. So to protect us from ourself in the pursuit of the mighty dollar we have to have rules.

Same thing with financial regulation...there has to be rules to keep the pursuit of the mightly dollar from damaging us all. Yes you can make an argument that following rules are costly and impede business, and that is a true statement, but they are necessary evils. No speed limits on the highways, properly constructed bridges, signage, etc. are people die. Proper codes for the construction of buildings keeps people from burning up in them, but if there was not rules and the policing of rules, capitalism would take short cuts.

Franco
05-25-2012, 11:09 AM
There is a huge difference between rules/laws that protect consumers and buying favorable rules/laws that allow poor buisness models to make money via influence peddling.

menmon
05-25-2012, 11:17 AM
I don't think it is a poor business model. Obviously the old model was flawed, but the new one is working well!