They used to call it graft.
Now they call it crony capitalism and untold millions have been made by those in the know.
A case in point is Richard Blum, billionaire husband of Senator Dianne Feinstein of California:
- When the housing market crashed in 2008, Blum raked in $108 million selling foreclosed homes the government bought.
- In 2012 Blum invested $1 million in green energy company Amyris which only weeks later received $24 million from the Department of Energy.
- While Feinstein was the chair of the Senate Military Construction Subcommittee, $1.5 billion was given to defense contractors, resulting in a$5-$10 million profit for Blum.
This brand of “crony capitalism” may be legal, but it’s not right.
But of course, with a government as big and out of control as ours, it could not be any other way.
Big government naturally creates a pool of big spending politicians who tax us in every way possible, and then use that money to make their cronies richer.
That’s why you and I must fight to give the power and the money back to the people, and take it away from tax-and-spend politicians and their cronies.
And why we must say no – no – no to any further expansion of government.
NLT President Gary Paumen