Home Mail MemberMap Chat (0) Wallpapers
Go Back   ChiefsPlanet > The Lounge > D.C.

Reply
 
Thread Tools Display Modes
Old 07-23-2014, 05:42 PM  
Taco John Taco John is offline
12on Paul
 
Taco John's Avatar
 
Join Date: Jun 2001
Casino cash: $10123
Big Business: Lapdog of the Left (Jonah Goldberg)

Big Business: Lapdog of the Left
By Jonah Goldberg - July 23, 2014

It was a really nice try.

Heritage Action (the activist arm of the conservative Heritage Foundation) invited Senator Elizabeth Warren to speak at an event dedicated to phasing out the Export-Import Bank. The Ex-Im, as it’s known inside the Beltway, has become a favorite target of populist forces on right.

The Ex-Im gives U.S. taxpayer-backed loan guarantees to the foreign customers of giant U.S. corporations that don’t need the help. It socializes the risk while privatizing the profits. Basically, it’s free money for big businesses like GE, Caterpillar, and particularly Boeing (hence the outfit’s nickname, “the Bank of Boeing”). Even Barack Obama, shortly before he became president, derided Ex-Im as “little more than a fund for corporate welfare.”

Ex-Im is up for reauthorization in September. Not surprisingly, both the people who get free money and the people who enjoy giving out money that doesn’t belong to them would like to continue doing so.
Since Warren is the dashboard saint of left-wing populism these days, denouncing big business and Wall Street at every turn, the puckish policy pixies at Heritage Action thought they could enlist her in their cause. As first reported by Bloomberg News, Heritage sent Warren a letter asking her to speak against Ex-Im “and the political favoritism it engenders.”

“We, like you, are frustrated with a political economy that benefits well-connected elites at the expense of all Americans,” Michael Needham, the head of Heritage Action, wrote. “Your presence will send a clear signal that you are going to fight the most pressing example of corporate welfare and cronyism pending before Congress right now.”

Warren didn’t take the bait. Her spokeswoman told Bloomberg, “Senator Warren believes that the Export-Import Bank helps create American jobs and spur economic growth, but recognizes that there is room for improvement in the bank’s operations.”

Warren’s decision to turn down the invitation sparked numerous charges of hypocrisy from Ex-Im opponents. As one writer for Reason magazine put it, “That’s right: The woman best known for demonizing big businesses nevertheless wants to maintain an outlandishly generous subsidy package for them.”

I’m not so sure there’s a contradiction here. Rather, I think we’re seeing why there will never really be a bipartisan Left–Right alliance against crony capitalism and corporate welfare.

The Right’s “libertarian populism” wants to separate big business and big government. That means no more “too big to fail” and no more of government picking winners and losers.

The Left’s anti-big-business populism is very different. It doesn’t want to cut the government’s incestuous relationship with big business; it simply wants to bring business to heel. Big business should do what Washington tells it to do, and when it does, it will get treats. When it doesn’t, it will get the newspaper to the nose. But big business will never be let off its leash, if the Left has its way.


“Warren doesn’t have a problem with big banks or corporations,” the Federalist’s David Harsanyi writes. “She has a problem with banks and corporations that make profits in ways that she finds morally intolerable. She is an opponent of dynamism, not cronyism.”

This has always been the central idea behind progressive economics. Bureaucrats and other planners need — or at least want — ever more power to decide how economic resources are arranged and allocated. That doesn’t mean they’re socialists, it just means that corporations need to follow their lead. Indeed, good “corporate citizenship” means acquiescing to the priorities of progressive state planners and whatever their latest idea of “public–private partnerships” might be. The one constant in such partnerships is that business is always the junior partner.

This was the vision behind Woodrow Wilson’s “war socialism,” FDR’s New Deal, LBJ’s Great Society, Bill Clinton’s “Third Way,” and virtually all of Barack Obama’s economic policies. What is Obamacare but an attempt to turn the entire health-care industry into Washington’s well-fed lapdog?

What’s amazing is that people are still capable of shock when it turns out that a policy of treating businesses like dependent lapdogs yields businesses that try to have the government’s lap all to themselves.

Warren is famous for believing that businesses didn’t build their own success (echoing — or inspiring — Obama’s notorious “You didn’t build that” remark). According to her, businesses depend on government the way a lapdog depends on its master. Asking her to oppose the Export-Import Bank is like asking her to punish a dog for rolling over.



http://www.realclearpolitics.com/art...ft_123426.html
Posts: 51,263
Taco John is blessed with 50/50 Hindsight.Taco John is blessed with 50/50 Hindsight.Taco John is blessed with 50/50 Hindsight.Taco John is blessed with 50/50 Hindsight.Taco John is blessed with 50/50 Hindsight.Taco John is blessed with 50/50 Hindsight.Taco John is blessed with 50/50 Hindsight.Taco John is blessed with 50/50 Hindsight.Taco John is blessed with 50/50 Hindsight.Taco John is blessed with 50/50 Hindsight.Taco John is blessed with 50/50 Hindsight.
  Reply With Quote
Old 07-23-2014, 05:43 PM   #2
Taco John Taco John is offline
12on Paul
 
Taco John's Avatar
 

Join Date: Jun 2001
Casino cash: $10123
Such great insight in that piece to understand the economic cross roads we are at.
__________________
Ehyeh asher ehyeh.
Posts: 51,263
Taco John is blessed with 50/50 Hindsight.Taco John is blessed with 50/50 Hindsight.Taco John is blessed with 50/50 Hindsight.Taco John is blessed with 50/50 Hindsight.Taco John is blessed with 50/50 Hindsight.Taco John is blessed with 50/50 Hindsight.Taco John is blessed with 50/50 Hindsight.Taco John is blessed with 50/50 Hindsight.Taco John is blessed with 50/50 Hindsight.Taco John is blessed with 50/50 Hindsight.Taco John is blessed with 50/50 Hindsight.
  Reply With Quote
Old 07-23-2014, 05:49 PM   #3
WhiteWhale WhiteWhale is offline
A natural man
 
WhiteWhale's Avatar
 

Join Date: May 2011
Location: Doo-Dah
Casino cash: $11138
I was having exactly this discussion with a liberal friend of mine yesterday.

Specifically the difference between libertarian and liberal populism.
Posts: 4,821
WhiteWhale wants to die in a aids tree fire.WhiteWhale wants to die in a aids tree fire.WhiteWhale wants to die in a aids tree fire.WhiteWhale wants to die in a aids tree fire.WhiteWhale wants to die in a aids tree fire.WhiteWhale wants to die in a aids tree fire.WhiteWhale wants to die in a aids tree fire.WhiteWhale wants to die in a aids tree fire.WhiteWhale wants to die in a aids tree fire.WhiteWhale wants to die in a aids tree fire.WhiteWhale wants to die in a aids tree fire.
  Reply With Quote
Old 07-23-2014, 05:50 PM   #4
Prison Bitch Prison Bitch is offline
The bitch is BACK!
 
Prison Bitch's Avatar
 

Join Date: Nov 2012
Location: Lees summit
Casino cash: $23022
Well, that's always been the case. To wit: Obama's energy boondoggles. That is crony capitalism to the common person, but to a liberal it's an "investment in our future".
__________________
"NFL home field advantage isnt worth 3 points. It's worth about 1/2 a point." - Saul Good 10/30/13
Posts: 15,971
Prison Bitch 's phone was tapped by Scott Pioli.Prison Bitch 's phone was tapped by Scott Pioli.Prison Bitch 's phone was tapped by Scott Pioli.Prison Bitch 's phone was tapped by Scott Pioli.Prison Bitch 's phone was tapped by Scott Pioli.Prison Bitch 's phone was tapped by Scott Pioli.Prison Bitch 's phone was tapped by Scott Pioli.Prison Bitch 's phone was tapped by Scott Pioli.Prison Bitch 's phone was tapped by Scott Pioli.Prison Bitch 's phone was tapped by Scott Pioli.Prison Bitch 's phone was tapped by Scott Pioli.
  Reply With Quote
Old 07-23-2014, 07:13 PM   #5
BucEyedPea BucEyedPea is offline
Bless FSU!
 
BucEyedPea's Avatar
 

Join Date: Apr 2006
Location: None of your business
Casino cash: $23022
He's wrong that they're not socialist tho'. They're national socialists or if you prefer economic fascists.
__________________
“The power to declare war, including the power of judging the causes of war, is fully and exclusively vested in the legislature.” ~ James Madison, Father of the Constitution

“We do not believe in aggressive or preventive war. Such war is the weapon of dictators, not of free democratic countries like the United States.”~ Truman, Sept 1, 1950
Posts: 59,790
BucEyedPea is obviously part of the inner Circle.BucEyedPea is obviously part of the inner Circle.BucEyedPea is obviously part of the inner Circle.BucEyedPea is obviously part of the inner Circle.BucEyedPea is obviously part of the inner Circle.BucEyedPea is obviously part of the inner Circle.BucEyedPea is obviously part of the inner Circle.BucEyedPea is obviously part of the inner Circle.BucEyedPea is obviously part of the inner Circle.BucEyedPea is obviously part of the inner Circle.BucEyedPea is obviously part of the inner Circle.
  Reply With Quote
Reply

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is On

Forum Jump




All times are GMT -6. The time now is 01:25 AM.


This is a test for a client's site.
A new website that shows member-created construction site listings that need fill or have excess fill. Dirt Monkey @ https://DirtMonkey.net
Powered by vBulletin® Version 3.8.0
Copyright ©2000 - 2014, Jelsoft Enterprises Ltd.