19 August 2011 0 Comments

Big Business Is Not The Forgotten Taxpayer’s Friend Part 9: Federal Reserve Billions to Corporatist GE

General Electric Tapped Federal Reserve to Borrow $16 Billion Jeff Gerth ProPublica 2 December 2010 The GE building in New York City and Federal Reserve Washington DC – private public partnership – The Forgotten Taxpayer’s Financing Private and Public Corporations Newly released documents from the Federal Reserve Board show that General Electric Co. was a […]

18 August 2011 0 Comments

Big Business Is Not The Forgotten Taxpayer’s Friend Part 8: Turbines Financed by the Government

As Timothy Carney points out in another in his series on the alliance of GE and Government and the inevitable  misallocation of scarce resources and human capital Pro-Business is not Pro-Free Market and not Pro-Individual Freedom. Washington Post frames Jeffrey Immelt’s appointment as centrist when in fact, as Timothy Carney pointed out in July 2009  […]

17 August 2011 0 Comments

Big Business Is Not The Forgotten Taxpayer’s Friend Part 7: Obama Immelt Billions of Taxpayer Dollars

GE’s CEO Jeffrey Immelt  and America’s President Obama’s antipathy to free markets Timothy Carney of the Washington Times. GE’s CEO Jeffrey Immelt teams up with America’s President Barack Obama with billions and billions of dollars of subsidies and bailouts, and rigged regulations and mandates favorable to GE’s financial interests. Another description for this relationship is […]

16 August 2011 0 Comments

Big Business Is Not the Forgotten Taxpayer’s Friend Part 6: Corporatists, Government Monopolies, Natural Monopolies

Timothy Carney of the Washington Examiner has done a series on the damage to both freedom and the economy that General Electric’s Jeffrey Immelt and his Board have done. GE is now in the business of subsidies, bailouts, regulations and mandates. Jeffrey Immelt seems unaware of principles of American Exceptionalism and Limited Government. Jeffrey Immelt, […]

15 August 2011 0 Comments

Big Business Is Not The Forgotten Taxpayer’s Friend: Part 5 – General Electric: Government Electric

The Free Market CATO institute puts  how General Electric under CEO Jeffrey Immelt on our radar screen.  The once great symbol of American ingenuity has become a willing partner and agent of government power and now lobbies for Taxpayer money. CATO “For GE, once a symbol of boom-time capitalism, the changed landscape has left it […]

14 August 2011 0 Comments

Big Business Is Not The Forgotten Taxpayer’s Friend: Part 4 – GE and 2012 – The Obama Administration Can’t Be Trusted With Money

GE: We’ll Always Have 2012 — to lobby for big ticket defense spending on F-35 Joint Strike Fighter WSJ Washington Wire: ” In a statement Tuesday, the lobbying powerhouse pledged to pay out of pocket to keep its design team working, in the hopes that Congress would consider plowing money into the second engine project […]

11 August 2011 0 Comments

Big Business Is Not The Forgotten Taxpayer’s Friend: Part 1 – General Electric Jeffrey Immelt- Obama Administration BFF

The Leftists and Liberals conflate support for Free Markets and Free Trade with support for Big Business. Big Business has a natural tendency towards Mercantilism, that is , the use of State Power to advance commercial interests of a few. This is sometimes called “rent seeking” or “corporate welfare” manifested in numerous subsidies and preferential […]

18 May 2011 0 Comments

Inquirer’s Joseph DiStefano Quotes Bob on Big Business is Not The Forgotten Taxpayers’ Friend

It should be clear  by now that Big Business is intertwined with Government, Bailouts, Subsidies, Tax Breaks, Debt and Deficit, Devaluing the Currency are all aspects of this mutually beneficial arrangement. See Jeffrey Immelt at General  Electric or General Motors and ADM and the list goes on. Adam Smith called this “Mercantilism”; Mussolini called it […]