Showing posts with label Jon Corzine. Show all posts
Showing posts with label Jon Corzine. Show all posts
Saturday, December 15, 2012
Harry Reid, Jon Corzine and other cronies that got away in 2012
When businesses and big government politicians go into “business” with one another, taxpayers lose—big time. It's called cronyism.
A "crony" is an individual or organization that colludes with politicians to gain unfair treatment, taxpyer-funded benefits, or regulations that the rest of us don't enjoy. Cronyism occurs because politicians rely on wealthy interests to fund their campaigns, and those donors then seek government goodies or favors in return.
It’s a match made in heaven for cronies and hell for taxpayers. Just as bad, such cronyism erodes economic freedom by destroying the real competition that fuels free market capitalism.
Read more at Fox News Read More......
A "crony" is an individual or organization that colludes with politicians to gain unfair treatment, taxpyer-funded benefits, or regulations that the rest of us don't enjoy. Cronyism occurs because politicians rely on wealthy interests to fund their campaigns, and those donors then seek government goodies or favors in return.
It’s a match made in heaven for cronies and hell for taxpayers. Just as bad, such cronyism erodes economic freedom by destroying the real competition that fuels free market capitalism.
Read more at Fox News Read More......
Labels:
crony capitalism,
Harry Reid,
Jon Corzine
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