Thursday, January 21, 2010

Timothy P. Carney on "Obamanomics": Crony Capitalism as Progressive Reform

In his new book Obamanomics: How Barack Obama is Bankrupting You and Enriching His Wall Street Friends, Corporate Lobbyists, and Union Bosses, Timothy P. Carney explains that Barack Obama's "progressive" rhetoric masks good old-fashioned crony capitalism, in which the favored few and politcally well-connected get all sorts of benefits paid for with public dollars.

Whether the area is Wall Street, health care reform, union organizing, or K Street lobbying, the same pattern is everywhere: using the government's power to distribute goodies and rig markets.

A columnist at the Washington Examiner and a non-partisan reporter, Carney also lays into the Republican Party for its massive contribution to the problem when it wielded power.

Carney provides a game plan to take the country back and restore truly free markets that will benefit everyone.'s Nick Gillespie interviewed Carney in December 2009.

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