Crony

1 vote

Winning the hearts and minds of the 99%

I just got a big win for our movement by forging a principled agreement with a strongly influential young progressive activist. This type of exchange is exactly why I'm so encouraged about our opportunity here with the occupy movement. What do you think?

Here are the posts:

Progressive friend:

0 votes

House Committee to investigate 'crony capitalism' in the Obama administration

http://thehill.com/video/house/182635-issa-to-investigate-cr...

Issa said the committee was looking at whether it was improper for members of Congress or White House staff to select companies eligible for subsidized government loans when those companies could give campaign donations. Loan programs have been a popular tool to provide funding for popular industries — like tech, green energy, and American auto companies — at more favorable terms than could be secured privately.

0 votes

Solyndra -- Tip of the Crony-Capitalist Iceberg

The problem President Obama has with Solynrda is not necessarily isolated to the company and its collapse. The real problem lies in the fact that Solyndra symbolizes the collapse of the crony capitalist model that has become the hallmark of administration policy.

34 votes

FDA to Ban Food Nutrients

http://youtu.be/ZONcV4q5O9Q

The FDA has issued a proposed mandate that represents the greatest threat to dietary supplements since 1994. Back in the early 1990s, consumers were so alarmed by FDA bullying that they staged a massive revolt. The result was that Congress passed a law prohibiting the FDA from banning popular nutrients (as the agency had threatened to do). There was, however, a loophole in the 1994 law. The FDA was given authority to regulate ingredients introduced after October 15, 1994. It has been 17 years, but the FDA just issued draconian proposals as to how it intends to regulate what it now calls "new dietary ingredients." If implemented, some of the most effective nutrients you are taking will be removed from the market. This includes many fish oil formulas and natural plant extracts. –

http://articles.mercola.c...

Dominant Social Theme: Raw milk and fish oil can kill you. It is much better to eat "heart healthy" potato chips.

More:
www.thedailybell.com/bell...

0 votes

Solyndra and Obama's Crony Capitalism

I could have written this article by the word a few days ago... this author probably read my mind.
http://reason.com/archives/2011/09/09/obamas-crony-capitalism

Some people still believe that China's rise is due to their central planning and economic micromanagement, where companies helped by the government overwhelm their competition around the world...

8 votes

Who Profits from Incandescent Light Bulb Bans?

American Corporate Investors, With Help from U.S. Treasury, Poised to Profit From 'Green' Light-Bulb Production in China

One reason for those profitable prospects is a financial commitment from the U.S. Treasury to a project that is being administered by the United Nations to ensure that China's fast-growing lighting industry is a bigger and bigger success.

The investment banking giant Goldman Sachs and the networking behemoth Cisco (through a venture capital fund it jointly owns) are significant investors in China's largest domestic lighting manufacturer, NVC Lighting Holding Co. Ltd., a company that was originally established in 1998 and is now registered in the Cayman Islands.

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