James Pethokoukis

Solyndra, the logical endpoint of Obamanomics

September 16, 2011

The bankruptcy of solar-panel maker Solyndra neatly encapsulates the economic, political and intellectual bankruptcy of Barack Obama’s Big Idea. It was the president’s intention back in 2009 to begin centrally reorganizing the U.S. economy around the supposed climate-change crisis.

One more from the crony capitalism beat

January 27, 2011

From the great Jerry Bowyer in Forbes:

The fact that Immelt is a Republican is as beside the point as the fact that Daley is a Democrat. Increasingly our nation is divided, not between Rs and Ds, but between TIs and TBs: tribute imposers and tribute bearers. The imposers are gigantic banks, agri-businesses, higher education Colossae, government employees, NGO and QUANGO employees and the myriad others whose living is made chiefly by extracting wealth from other people. The bearers are the rest of us: the people who extract wealth from the earth, not from others.

Crony capitalism update

January 27, 2011

The alliance between Big Money, Big Business and Big Government is something I will be giving a hard look over the coming a year. Two great pieces. First, Tim Carney on Obama and Immelt:

Explaining Orszag’s maybe move to Wall Street

December 2, 2010

Former Obama budget chief Peter Orszag to Citi? Maybe. What, you thought the big banks hated Obama’s financial reform?Just listen to KC bank president Tom Hoenig in the NYTimes:

Obama should be pro-market, not pro-business

July 21, 2010

Should the Obamacrats be friendlier to Corporate America? Big Business has certainly amped up its kvetching of late. But it’s not Washington’s job to be pro-business and make nice with CEOs. That smells of crony capitalism and often just means rewarding big campaign contributors with government favors. The better measure of any given Washington policy is whether it respects markets.

Obama vs. business

July 8, 2010

Does this sound to you like the Obama administration takes seriously the concerns of American business that its economic policies are hurting the private sector? Treasury Secretary Tim Geithner on CNBC’s Kudlow Report:

State capitalism, crony capitalism

May 11, 2010

When Ian Bremmer offers to tell you “what comes next, it is wise to pay attention:

Big Government and the Big Split

December 28, 2009

The WSJ nicely sums up 2008:

To prevent crumbling housing and credit markets from sinking the broad economy, the Bush and Obama administrations and the Federal Reserve spent, lent and invested more than $2 trillion on one initiative after another. If you owned a credit card or a money-market fund, had a savings account, bought a Dodge pickup or even a hunting rifle, or borrowed to buy a home or finance a small business, odds are good that the U.S. stood behind you or the firm that served you.

Paul Ryan and the future of the GOP

December 14, 2009

This  commentary from  GOP thought leader Rep. Paul Ryan of Wisconsin really sets the intellectual and political framework for where the GOP might be headed.  He goes after Crony Capitalism, the melding of Big Money, Big  Business and Big Goverment. This is what’s next. Here are some important bits: