Link to the Show / Show NotesComplete video at: http://fora.tv/2010/01/12/Obamanomics_Is_Obama_Bankrupting_America
Timothy Carney explains that government regulations tend to help large corporations because new requirements are often more difficult for smaller companies to follow. From tobacco to climate change, Carney believes many big businesses wear the sheen of reform solely to further their own economic interests.
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Are Big Business and Big Government enemies? According to journalist and author Tim Carney, that story is a myth. Both Republicans and Democrats bilk taxpayers to benefit their corporate allies and K Street lobbyists, whether the issue is health care reform, climate change, or defense spending.
The Obama administration's bailouts and "stimulus" package(s) have taken the taxpayer-bilking to historic levels -- a remarkable achievement, considering the previous administration. And at the same time the president promises his health care overhaul will put patients first, the legislation he supports has corporate lobbyists once again lined up at the trough. - Cato Institute
Tim Carney, CEI's Warren T. Brookes Journalism Fellow, is the author of The BIG Ripoff: How Big Business and Big Government Steal Your Money (Wiley, 2006).
He was a 2004-2005 Phillips Foundation Journalism fellow, and before that he was a political reporter for Bob Novak and Assistant Editor at Human Events. He is a columnist for America's Future Foundation's webzine Brainwash, and is a contributing editor to Human Events.
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