Sunday, December 4, 2016

Answering Sarah Palin on her claim of "crony capitalism" re Carrier.

Sarah Palin is one of my favorite Republicans. She will remain so as a way of honoring her for all the arrows she took from the enemy in the fight to defeat the enemy. But, she is wrong on this one.

Crony Capitalism is a practice to favor friends and political allies in making economic decisions. An example of this was Obama promoting the now defunct Solindra to make solar energy products. That was Obama picking winners by steering Federal money to Solindra as investment capital. Trump is not picking winners, he is acting to prevent American workers from becoming losers.

This is a vital distinction both economically and politically. It is regrettable that Sarah Palin made this statement as it undermines her would-be boss, should she have been offered the job in the Administration.

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