How the Obama administration profits from crony capitalism
APPLETON, WIS. – April 2, 2012 – Crony capitalism is when people and businesses buy governmental favors to advance their business dealings. There is clear-cut evidence that shows that the Obama administration is full with it.
“I was floored by what we discovered,” declared Sen. Jeff Sessions (R-Ala.). Sessions, Ranking Member of the Senate Budget Committee, had asked his staff to compute the long-term costs of the Patient Protection and Affordable Care Act (ObamaCare). After three months of combing through the hundreds of pages of the law and comparing their expected costs to the United States’ fiscal outlook for the next 75 years — just as the government currently does for other programs such as Social Security and Medicare — Sessions’ staff estimated that ObamaCare has created a $17 trillion unfunded liability for the U.S. government.
As the issue of rising gas prices dominates Obama’s current standing among the public, the White House is scrambling to broadcast the President’s purported dedication to U.S. energy independence. And one strategy the administration is engaging in is to accuse congressional Republicans of stonewalling executive efforts to improve the country’s energy and environmental stature.
There may very well be a train wreck coming if and when the Supreme Court declares the Patient Protection and Affordable Care Act ("ObamaCare") unconstitutional just before the justices hightail it out of town for their summer vacation. But it may not be the train wreck that some are eagerly predicting for the Obama administration.
Former President Jimmy Carter, who is in the midst of a tour promoting his new NIV study Bible, recently threw a curve concerning his long time “pro-choice” position on abortion, suggesting that the Democratic Party should tone down its aggressive pro-abortion platform.
As the nation faces a crucial election in a little over six months, the Republican Party appears to be caving in on a social issue that many conservatives consider of major import: same-sex marriage. What the GOP felt strongly enough about some 16 years ago to lead the fight for passage of the federal Defense of Marriage
Following the exposure of NBC’s edited conversation between George Zimmerman and a police dispatcher prior to the shooting of Trayvon Martin, NBC announced its investigation into the matter. NBC told the Washington Post on Saturday, “We have launched an internal investigation into the editorial process surrounding this particular story.”
Allegations of fraud surrounding an Obama campaign donor have ignited further controversy for the President’s reelection effort, as another prominent supporter has purportedly engaged in illegal activity. Abake Assongba and her husband, Anthony J.W. DeRosa, doled out more than $50,000 to Obama’s reelection campaign this year, government records show. Assongba is also facing a lawsuit in Florida, where she allegedly stole $657,000 to help finance a multimillion-dollar home in the state.