Showing posts with label crony capitalism. Show all posts
Showing posts with label crony capitalism. Show all posts

Thursday, March 8, 2012

Crony Capitalism Update for Today

Even the Obama-worshipping apologists at the Washington Post found this newsworthy:
Big donors considering whether to work the phones raising money for President Obama’s reelection campaign might consider the fate of his 2008 bundlers. Many of them, it turns out, won plum jobs in his administration.
Obama campaigned on what he called “the most sweeping ethics reform in history” and has frequently criticized the role of money in politics. That hasn’t stopped him from offering government jobs to some of his biggest bundlers, volunteer fundraisers who gather political contributions from other rich donors.
More than half of Obama’s 47 biggest fundraisers, those who collected at least $500,000 for his campaign, have been given administration jobs. Nine more have been appointed to presidential boards and committees.
Let's not forget that Obama has taken in more cash from Wall Street fat cats, a.k.a. the 1%, than any political candidate in history.


 

Saturday, November 19, 2011

The Correct Answers are Barack Obama and Bill Clinton

                                                        [image credit: David Shankbone]

If you listen to the mainstream media (who, for example, aren't putting much effort into reporting the entire scope of the Solyndra green energy scandal), you would conclude that only Republicans are in the back pocket of corrupt Wall Street bankers and other crony capitalists.

Back in April at a Tea Party rally in Madison, Wisc., Sarah Palin told the sometimes too-quick-to-compromise GOP to "learn to fight like a girl" (a reference to the Univ. Of Wisconsin's championship women's hockey team). In a recent speech in Florida, she was equally frank with the left, noting that the so-called Occupiers should consider occupying the area outside the White House:
"Barack Obama is owned by Wall Street,” she said. “The fat cats, as he calls them, they’re his friends. They’re his pals. That’s where he gets his campaign donations. And he’s very generous about giving these cats their cat nip: bigger returns on their investments in bailouts.”
The Washington Examiner further explains:
 As the Washington Post recently reported, Obama has accepted more money -- more than $15.6 million -- from these people than all of the Republican presidential aspirants combined (aided significantly by the fact that contributors can give to both Obama and the Democratic National Committee). No wonder Opensecrets.org ranks the financial sector as one of the five most generous industries in contributions to the Obama re-election effort. By comparison, the most successful GOP fundraiser, Texas Gov. Rick Perry, has generated a mere $2 million from the Wall Street fat cats. Obama has even gotten more campaign money from Bain Capital, the consulting firm Romney managed before becoming a presidential candidate, than Romney has.
Filmaker Evan Coyne Maloney recently visited Zuccotti Park to give a pop quiz about who really gets the most campaign cash from the Wall Street greedheads:



Maloney explained to Mediaite.com the intent behind the filming:
Maloney...wanted to set the record straight that he was only trying to expose the hypocrisy of Democratic politicians championing the Occupy Wall Street movement while still receiving thousands of dollars in campaign contributions from the banks...
Maloney said that the media “propagates this perception that Republicans are in bed with big business, and that Democrats are for “the little guy,” when in fact the establishment of both parties are corporatists."