Epic
12-02-2009, 12:57 AM
http://www.washingtonexaminer.com/opinion/columns/Obamanomics-defined_-Big-Government-in-service-of-Big-Business-8608674-78167742.html
Click the link to see the cool book cover!
And here is some copy from Carney's latest column:
President Barack Obama, if he gets his way, will increase government control over the U.S. economy in ways previously thought impossible. This isn't surprising, but you may be surprised to learn who's benefitting: the biggest and most well-connected businesses.
Just as President George W. Bush, with his bailouts, spending sprees, and new entitlements, abandoned the free market at the behest of Wall Street and drug makers, Barack Obama's vision of bigger government is also the dream of corporate lobbyists.
Obama's healthcare reform, stimulus spending, global warming legislation, and auto industry bailouts are ambitious packages of regulations, taxes, mandates, and spending that benefit Big Business -- what corporation wouldn't welcome more taxpayer-funded subsidies, regulation that crowds out competition, and government mandates that drive more business to them?
There are other big beneficiaries as well: Politicians, who gain more power; and lobbyists, who gain more influence.
The victims are small businesses crushed by regulations and taxes, taxpayers -- especially future taxpayers who will be burdened by the debt financing today's spending sprees -- and consumers, who face higher prices and fewer choices.
What should we call this Big Business-Big Government agenda pursued by President Obama? Although robust corporate-government collusion was hardly invented by the current administration, the U.S. has not seen such a consistent practitioner of corporatism in more than half a century. It's fitting then to name this Big Business-Big Government practice Obamanomics.
Make no mistake -- President Bush's Wall Street bailout was probably America's biggest dose of corporate socialism since World War II. But President Obama has seen Bush's $700 billion and raised him another couple trillion -- and counting.
http://www.amazon.com/Obamanomics-Bankrupting-Enriching-Corporate-Lobbyists/dp/1596986123/ref=cm_cr_pr_product_top
Click the link to see the cool book cover!
And here is some copy from Carney's latest column:
President Barack Obama, if he gets his way, will increase government control over the U.S. economy in ways previously thought impossible. This isn't surprising, but you may be surprised to learn who's benefitting: the biggest and most well-connected businesses.
Just as President George W. Bush, with his bailouts, spending sprees, and new entitlements, abandoned the free market at the behest of Wall Street and drug makers, Barack Obama's vision of bigger government is also the dream of corporate lobbyists.
Obama's healthcare reform, stimulus spending, global warming legislation, and auto industry bailouts are ambitious packages of regulations, taxes, mandates, and spending that benefit Big Business -- what corporation wouldn't welcome more taxpayer-funded subsidies, regulation that crowds out competition, and government mandates that drive more business to them?
There are other big beneficiaries as well: Politicians, who gain more power; and lobbyists, who gain more influence.
The victims are small businesses crushed by regulations and taxes, taxpayers -- especially future taxpayers who will be burdened by the debt financing today's spending sprees -- and consumers, who face higher prices and fewer choices.
What should we call this Big Business-Big Government agenda pursued by President Obama? Although robust corporate-government collusion was hardly invented by the current administration, the U.S. has not seen such a consistent practitioner of corporatism in more than half a century. It's fitting then to name this Big Business-Big Government practice Obamanomics.
Make no mistake -- President Bush's Wall Street bailout was probably America's biggest dose of corporate socialism since World War II. But President Obama has seen Bush's $700 billion and raised him another couple trillion -- and counting.
http://www.amazon.com/Obamanomics-Bankrupting-Enriching-Corporate-Lobbyists/dp/1596986123/ref=cm_cr_pr_product_top