8/30/2012

Senator Rubio: Government spending as wealth transfers to big corporations



“The biggest beneficiaries of big government are big corporations, and I’ll tell you why, because they can afford to hire the best lawyers in America to figure out the loopholes.  And if they really really don’t like the rules, they can afford the best lobbyists in America to try to change those rules.” . . .
Just last week, Mitt Romney was making a similar note that big government helps big business. 
. . . "Big business is doing fine in many places," Romney said last Thursday in Minnetonka, Minn. Liberal mainstream reporters were gobsmacked: They think the Republicans' stated agenda of free markets is simply a big-business agenda. But Romney showed he understands how the regulations, tax carveouts and subsidies of Obamanomics really work. 
Large corporations, Romney said, "get the loans they need, they can deal with all the regulation. They know how to find ways to get through the tax code, save money by putting various things in the places where there are low tax havens around the world for their businesses." . . .  
More than 70 percent of Energy Department green-energy loan guarantees went to companies with Obama donors or bundlers in high positions, according to author Peter Schweizer. Most famously, bankrupt solar-subsidy recipient Solyndra was largely owned by Obama bundler and frequent White House guest George Kaiser. 
Obama's other favorite loan guarantee program is the Export-Import Bank of the United States, which has given 75 percent of its loan-guarantee dollars to Boeing sales in the last three fiscal years. Boeing CEO Jim McNerney is Obama's export czar. Small businesses don't have that access. . . .

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