Negative Space: lobbyists
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- Institutionalizing Crony Capitalism
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“The financial reform bill gives regulators the power to pick winners and losers, institutionalizing their ability to decide ‘which firms to rescue or close, and which creditors to reward and how.’ Does anyone doubt that firms with the most lobbyists and the biggest campaign donations will be the ones who get seats in the lifeboat? The president is trying to convince us that he’s taking on the Wall Street ‘fat cats,’ but firms like Goldman Sachs are happy with federal regulation because, as one of their lobbyists recently stated, ‘We partner with regulators.’”
“We need to be on our guard against such crony capitalism.”
- White House: We’ll cut off criticism of Porkulus
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“Anticipating a deluge of criticism over the thus-far ineffectual spending plan, Eisen has a straightforward plan to deal with criticism. He’ll simply use the power of the federal government to silence it.”
Netflix is following other tech companies into political lobbying, and Google lobbies the press as well.