Thursday, September 15, 2011

Sarah Palin: Crony Capitalism on Steroids from GE to Solyndra

When everyone was looking for Sarah Palin to make the "Big Announcement" in Iowa on September 3, Sarah quietly introduced a new theme into the 2012 campaign ... Crony Capitalism. So effective was her speech that The New York Times of all places took notice.

In the speech Palin, points out something we should all have noticed, (had we not had our Red and Blue colored glasses firmly in place) that both the right and the left are correct as to what is kill our nation. On the right, we see Big Government as the killer or liberty and freedom. On the left, they see Big Business as the threat to the little guy. The truth is that it is the collusion of the Big Government and Big Business that is messing things up for this nation.

In her latest Facebook post, Palin illustrates how this collusion is on full display with GE, Solyndra and the Obama administration.

Sarah Palin on Facebook: In my recent speech in Iowa, some eyebrows were raised when I took on our government’s enormous economic problems caused by crony capitalism. As if on cue, just days later President Obama selected someone who exemplifies a major crony capitalism problem to sit next to the First Lady when he delivered his “jobs plan” speech before Congress. He selected General Electric CEO Jeffrey Immelt as his honored guest.
Having grown up with great respect for GE thanks to stories my grandfather shared with us about his days working for the company and even meeting GE spokesman-at-the-time Ronald Reagan during a company event, I am saddened at GE’s leadership evolution. This corporation is now the poster child of corporate welfare and crony capitalism.
This icon of American industry is a company full of good employees who make some good products (and is the parent company of a huge media outlet), but GE is also a large American corporation that pays virtually no corporate income taxes despite earning worldwide profits of $14.2 billion last year, $5.1 billion of it in the United States. In fact, they claimed a tax benefit of $3.2 billion, meaning they received more of our hard earned tax dollars than they contributed. How is that possible? It’s because not only do they shelter their money from taxes, but they also get many tax credits, loans, government grants, and other benefits from the federal government that our smaller businesses couldn’t even imagine being able to profit from. [MORE]
Expect to hear more about Crony Capitalism as the 2012 race pushes on.

Via: Memeorandum
Via: Sarah Palin on Facebook


Ten Mile Island said...

Imagine the number of unemployed lobbyists if the corporate tax rate went to zero.

Jg. for FatScribe said...

Clifton B -- yeah, she's so solid on that corruption tip. she nailed her own party up in AK when she tossed the party bosses and their sycophants out on their, uh, er, ears shall we say.

she's still not my choice to run against OBH, but i'm a huge fan!



Hot Sam said...

Sarah is definitely sharpening her sword. I'm still not sure though how she'd handle a debate or the presidential podium. I wish I had had the last three years to help her out with economics, military strategy and security, and foreign policy.

If Zero pulls out a win, I think shell be ready for 2016. Otherwise shell make a great RNC chair.

healthysouls said...

My politics definitely different - but refused to be back into a corner by either dem or rep.

Your post brings to mind the following quote I just read:

fran lebowitz:
In the Soviet Union, capitalism triumphed over communism. In this country, capitalism triumphed over democracy.

When my friends from the right wake up to how our true government - the oligarchy corporations tax us more so than the puppet DC government, they will be motivated for action.

Think, think it ain't illegal yet.
George Clinton

healthysouls said...

My baaad for posting, you have the thought police in action!

On my blog, disagree or not, I have a free flow of info...


If conservatives are so for a free enterprise or free market, why are they sooo timid or rejecting of ideas outside of their comfort zone?

Left Coast Rebel said...

Great post, glad to see you back in action.

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