Category Archives: Michelle Bachmann
Smackdown From Sarah On Crony Capitalism On Steroids
The ‘Cuda types:
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.
Joining GE in the pantheon on crony capitalism is another Obama favorite that has been in the news of late: Solyndra. The President hailed this “green energy” company in a speech last May as “the true engine of economic growth.” When he announced the $535 million guarantee to Solyndra, Vice President Biden said that investments like this are “exactly what the Recovery Act is all about.” (Dear God…If the failed Solyndra venture has been what it’s “all about,” then that explains a lot.) As I pointed out in my speech at the Reagan Ranch Center last February: “History has proven again and again, when government picks the winners and losers, we’re stuck with the losers, and we the taxpayers subsidize failure!” And that’s what we’re seeing now, as the FBI raids the solar energy company’s headquarters to glean more information after the company was handed half a billion dollars in “green energy” Stimulus funds from the American taxpayer only to later declare bankruptcy. More than one thousand Solyndra workers lost their jobs. Now as the truth comes out, we discover that the White House was heavily involved in the Department of Energy’s rushed decision to give the Stimulus funds to Solyndra, and they tried to move the money through so quickly they seem to have ignored concerns that the company was not viable. Why would they do this? Perhaps it’s because a large investor in the company (about 35%) is Obama campaign bundler George Kaiser. And with the way the deal is structured, Kaiser will get his debts paid before we the taxpayers see any relief. That is sickening. And that’s how it works: workers lose their jobs, wealthy political cronies stand a good chance of getting their money back, and the U.S. taxpayer gets the shaft. Again.
President Obama has his sights set on raising $1 billion for his reelection campaign. Raising that money won’t be easy. But if you can hand out other people’s money to friends, it must get a whole lot easier. This crony capitalism and government waste is at the heart of our economic problems. It will destroy us if we don’t root it out. It’s not just a Democrat problem or a Republican problem. It’s a problem of our permanent political class. This won’t stop until “we the people” say enough is enough, and we retire the permanent political class that votes for this.
- Sarah Palin
Related articles
- Palin: Crony Capitalism on Steroids from GE to Solyndra (sarahpalinblog.typepad.com)
- Sarah Palin Fires Back At Obama And Hoffa (thepalinexpress.wordpress.com)
- Palin Recalls ‘Crony Capitalism,’ Bachmann Runs With It (themoderatevoice.com)
GOP: Take A Stand Next To Governor Palin
Michael Steele made a statement and defended Sarah Palin last year. It seems that Michael Steele, along with the rest of the GOP need to repeat the same message again. Thanks, Cubachi!
GOP Chairman Michael Steele is fed up with some of the criticisms of Sarah Palin and told the establishment enough:
Republican National Committee Chairman Michael Steele, embracing former Alaska Governor Sarah Palin’s ability to galvanize voters, urged the Republican Party establishment to “chill out.”
“You know, in the words of Bill Clinton, I feel her pain, you know?” Steele said in an interview on “Political Capital with Al Hunt” airing this weekend on Bloomberg Television. “My goal — and I know Sarah’s goal has been — let’s take the party and put it on the streets.”
He also said:
“Put your name next to your quote and then have a conversation with Sarah Palin. Until then, leave it alone,” Steele said. “You know all this kind of dissension and, you know, frustration within the party is not doing anything to get Republicans elected tomorrow. So until we get that job done, let’s not worry about 2012.”
It bears repeating: Death threats against Sarah Palin are at an all-time high (via C4P). Will it take someone being wounded (or worse, killed) to defend Governor Palin and/or any member of her family? I thought that she is still a Republican.
Related Articles
- Michael Steele defends Palin. Says GOP needs to “chill out” (riehlworldview.com)
Palin Campaigns for Michele Bachmann
Palin Campaigns for Michele Bachmann
UPDATE: I am online waiting for both CNN, switching to FOX News and Michelle’s website. You have to get a free subscription to get to stream! Right now nothing yet, and it’s past 2pm. I wonder what the delay is, and I also checked C4P to make sure the broadcast is up and running.
Palin Campaigns for Michele Bachmann
Palin Campaigns for Michele Bachmann
UPDATE: I am online waiting for both CNN, switching to FOX News and Michelle’s website. You have to get a free subscription to get to stream! Right now nothing yet, and it’s past 2pm. I wonder what the delay is, and I also checked C4P to make sure the broadcast is up and running.
Major Tea Party Rally In Minnesota
This one is gonna blow out any statewide tea party events. With Michelle Bachmann (R-MN), Sarah Palin and Sean Hannity at the helm, there are gonna be a lot of online streams, FOX News *might* broadcast it, and that is a big *might* because to be fair and balanced, they notify viewers to go online to their web section called “FOX News Live” and catch the whole thing there. What bugs me about this, is that the reporters do this while in the middle of it and won’t notify you in advance.. FOX News does this while Obama gives his mile-long speeches, so I don’t care about that. So you are left with possibly CNN to attract viewers to their news channel to gain some percentage and gain some ratings.
The other option, which I will assure all of you who want to watch it, online is the best bet. Michelle Bachmann’s website will broadcast the whole thing, if you want to make sure to see the whole event. It will be at 2 pm ET, but perhaps the attendance build-up before the event should start before that.
This is becoming a big buzz on Twitter, so I will join them on Twitter and Facebook as well.
p.s.: Ehh, hmm…watch out for violence, racism, percentage of skin color, races, and spitting.
Major Tea Party Rally In Minnesota
This one is gonna blow out any statewide tea party events. With Michelle Bachmann (R-MN), Sarah Palin and Sean Hannity at the helm, there are gonna be a lot of online streams, FOX News *might* broadcast it, and that is a big *might* because to be fair and balanced, they notify viewers to go online to their web section called “FOX News Live” and catch the whole thing there. What bugs me about this, is that the reporters do this while in the middle of it and won’t notify you in advance.. FOX News does this while Obama gives his mile-long speeches, so I don’t care about that. So you are left with possibly CNN to attract viewers to their news channel to gain some percentage and gain some ratings.
The other option, which I will assure all of you who want to watch it, online is the best bet. Michelle Bachmann’s website will broadcast the whole thing, if you want to make sure to see the whole event. It will be at 2 pm ET, but perhaps the attendance build-up before the event should start before that.
This is becoming a big buzz on Twitter, so I will join them on Twitter and Facebook as well.
p.s.: Ehh, hmm…watch out for violence, racism, percentage of skin color, races, and spitting.
