Have nothing to do with the [evil] things that people do, things that belong to the darkness. Instead, bring them out to the light... [For] when all things are brought out into the light, then their true nature is clearly revealed...

-Ephesians 5:11-13

Tag Archives: crony

Trump’s Strange Reversal on Ex-Im Bank: Names One Opposed to It to Run It?

This article appeared online at TheNewAmerican.com on Monday, April 17, 2017:

English: Congressman Justin Amash

Congressman Justin Amash

When Representative Justin Amash (R-Mich.) learned on Friday that President Trump intended to resuscitate the Export-Import Bank by naming two people to its board (it has been limping along with just three out of five board members present), he nailed it, tweeting, “ExIm corporate welfare bank is the symbol of D.C. cronyism. It steals from taxpayers to subsidize big corporations. End ExIm. Drain the Swamp.”

For a while it looked as if the Ex-Im Bank was for all intents and purposes dead. In 2015, the House failed to renew its charter for the first time since 1945. However,

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Elon Musk: Once an Entrepreneur, Now a Crony Capitalist

This article appeared online at TheNewAmerican.com on Thursday, June 9, 2016:  

In the early days, Elon Musk (shown above) made his fortune the usual way: by creating products and services that people could use, which they paid for using their own money, to improve their lives. Today, however, he has found a better way: using taxpayer guarantees to help fund his new ventures and reduce his risks while he enjoys the profits if they succeed.

In simple terms, Elon Musk has become a welfare queen on steroids,

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GE’s Move to Boston: Corporate Welfare Through Tax Incentives?

This article appeared online at TheNewAmerican.com on Friday, January 22, 2016:  

In his rejoicing last week over the decision by General Electric (GE) — a company employing more than 300,000 employees and with annual revenues of $150 billion — to move its headquarters from Fairfield, Connecticut, to the South Boston Waterfront, Mayor Marty Walsh claimed that his city had just won the lottery:

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Pressure Increasing to Reopen Export-Import Bank

This article appeared online at TheNewAmerican.com on Wednesday, July 15, 2015:

It’s been just two weeks since the Export-Import Bank’s charter lapsed — that “fund of corporate welfare” as criticized by presidential candidate Barack Obama in 2008 before reality set in — and two predictable things have occurred: The world continues to turn without it, and K-Street lobbyists are busy trying to resurrect it.

With massive radio advertising and extensive help from the media publishing op-eds in its favor, the chances are increasing that the zombie will come back to life.

The deceased bank, touted as offering loan guarantees to small businesses wanting to do business overseas but unable to obtain financing in the regular way, was turned into a slush fund of free money to the country’s largest corporations:

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Export-Import Bank’s Charter Expires, for the Moment

This article appeared online at TheNewAmerican.com on Wednesday, July 1, 2015: 

English: Export-Import Bank of the United Stat...

Visitors to the Export-Import Bank’s website on Wednesday would have found a terse notice that its charter had “lapsed” effective midnight, June 30, meaning that “the Bank and any of its delegated authority lenders cannot authorize any new transactions.” However, the bank is likely to have a very long life even after its death:

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Congress to Grill Ex-Im Bank Chairman Over Corruption Charges

This article was first published at TheNewAmerican.com on Wednesday, June 25, 2014: 

English: , President of the

Fred Hochberg, President of the Export-Import Bank

On Thursday Fred Hochberg, Chairman and President of the Export-Import Bank, will be grilled by members of the House Financial Services Committee over charges of corruption and mismanagement at the 80-year old agency. His task to defend the agency appears formidable, especially with its charter being up for renewal at the end of September.

On Tuesday the Wall Street Journal reported that four Ex-Im employees have either been suspended or fired over the last few months as a result of “investigations into allegations of gifts and kickbacks.” But that’s just the tip of the iceberg. The Heritage Foundation reported on the same day that

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Mississippi Corruption’s Impact on Morality

This article was first published at the McAlvany Intelligence Advisor on Monday, June 23, 2014:

Satan's Super Congress / Committee - Cartoon

The latest study on state corruption within the U.S. is by two college professors. It defines corruption as the “misuse of public office for private gain,” and it shows Mississippi at the very top of the list. This is fine as far as it goes, but they fail to connect the dots: As goes political corruption, so goes moral decline.

The study, entitled “The Impact of Public Officials’ Corruption on the Size and Allocation of U.S. State Spending” published in the May/June issue of Public Administration Review, confined itself to political corruption: bribery, extortion, graft, cronyism, and embezzlement. They left out nepotism. They also left out any analysis of how the citizens of the states fared

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America’s Economic Freedom Slide Continues, says the Heritage Foundation

The latest Index of Economic Freedom released by the Heritage Foundation and the Wall Street Journal shows just how successful the Bush and Obama administrations have been in their seeming attempts to turn the United States into a third world economy. The index shows

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Annoucements of the death of the Incandescent Light Bulb are Premature

Midst celebrations welcoming the New Year, commentators were also announcing the death of the ubiquitous light bulb – the incandescent variety – that the Congress, in a fit of environmental overreach, banned in stages with legislation passed in 2007. For instance, Shawn Regan, writing at Reason magazine, called it “Lights Out for America’s Favorite Light Bulb” while CNN wrote an obituary for it, adding that it was

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Many of the articles on Light from the Right first appeared on either The New American or the McAlvany Intelligence Advisor.