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Monday, December 16, 2013

Crony Capitalism and Corporate Fascism

Posted Yesterday at 7:31 PM
by Al Benson Jr.

A few years ago a friend of mine, David Rockett, gave a speech at a conference I attended here in Louisiana. The topic of his speech was CORPORATE FASCISM--the marriage of big government to big business--to the enrichment of both and to the detriment of the American public as a whole. I never forgot his speech. It was the first one I had heard on this subject and its impact remained with me.

I have seen glaring examples of it ever since. Remember Slick Willie's wife (part of the current Marxist administration) and her "cattle futures"? The Bush administration was rife with this, yet, if possible, the administration of our current Marxist-in-Chief is even more so. The Obama administration, with its "transparency" really seems to take the cake in this area.

In a recent article by Mark Hemingway which appeared on Mr. Hemingway observed: "Despite the growing Solyndra scandal, yesterday the Department of Energy approved $1.3 billion in new loans to green energy companies--including a $737 million loan guarantee to a company known as SolarReserve..." After all the millions the transparent Obama regime floated to Solyndra they ended up going bankrupt. So who got all the money? And who will end up picking up the tab? Quite possibly a few of Obama's friends, or friends of those behind his throne, ended up with the money.

You have to know that the lucky taxpayer will end up footing the bill for it all.

The trademark of the Obama administration should be one gigantic screw shoved into the backside of the American public forever.

Mr. Hemingway gave us a little more info. It seems that SolarReserve's website carries a list of "investment partners," one of which is the PCG Clean Energy and Technology Fund (East) LLC. And it so happens that the person holding down the number two spot in this organization is "Ronald Pelosi, a San Francisco political insider and financial industry polymath who happens to be the brother-in-law of Nancy Pelosi, the minority speaker of the United States House of Representatives."

I'm sure you all remember Ms. Pelosi, the queen of the Democratic Socialists of America, who urged the House to pass Comrade Obama's "health care" plan so "we could all find out what's in it."

Mr. Hemingway also told us that: "One of SolarReserve's other investment partners is Argonaut Private Equity: Steve Mitchell and Argonaut Private Equity might have a chance to recoup some of their losses in the Solyndra debacle now that the Department of Energy has given a $737 million dollar loan guarantee to a company backed by Argonaut that also lists Mitchell among its board of directors.

Mitchell served on the Solyndra LLC Board of Directors..." There was more in Hemingway's article, but he ends up stating that: "It's increasingly hard to tell the government's green job subsidies apart from the Democrats' friends and family rewards program."

I can't argue with that assessment. This whole scam is a prime example of corporate fascism in living color and I have no doubt that, somewhere along the line, figures in both big government and big business engage in some sort of PTL extravaganza. For those who don't remember, PTL during the 1980s had to do with a certain televangelist who made millions off gullible supporters and was referred to as "pass the loot."

I hope all the Obama supporters are happy. They helped to elect a political shill whose schemes helped to create a debt that our great grandchildren and their children will still be paying off.