Sunday, March 4, 2012

ROMNEY THE LIAR CALLS OBAMA A "CRONY CAPITALIST" BUT IT'S WILLARD WHO GOT THE SUBSIDIES

Oh my. It seems that Willard, while claiming to reject government, has a soft spot for government subsidies that go to his investments

[A] steel company in which Bain invested, GS Industries, went bankrupt in 2001, causing more than 700 workers to lose their jobs, health insurance and a part of their pensions. Before going under, the company paid large dividends to Bain partners and expanded its Kansas City plant with the help of tax subsidies. [Emphasis added] It also sought a $50-million federal loan guarantee. 


"This is corporate welfare," said Tad DeHaven, a budget analyst with the Washington-based Cato Institute, which encourages free-market economic policies. DeHaven, who is familiar with corporate tax subsidies in Indiana and other states, called the incentives Steel Dynamics received "an example of the government stepping into the marketplace, picking winners and losers, providing profits to business owners and leaving taxpayers stuck with the bill."


Read the whole article to get the full flavor of Romney and his friends' manipulation of government. And remember this: Romney has no intention of shaking the system up.


HE'S TOO BUSY SHAKING IT DOWN.

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