Potential Republican presidential candidates are neck-deep in the “money primary,” schlepping from one wealthy watering hole to another, kissing the proper palms, stroking the insatiable egos, and if successful, pocketing commitments and cash.
The “ideas primary” apparently is still a distant destination. Republican pundits have decided that they must compete on a populist message. With the economy growing, they’ve turned to bemoaning the “people in the shadows” (Ohio Gov. John Kasich), demanding a revival of “the right to rise” (Jeb Bush), or pledging a quality education, “regardless of background or birthright,” even while trying to slash hundreds of millions from public universities (Wisconsin Gov. Scott Walker).
Echoing President Obama, Bush described the opportunity gap as “the defining issue of our time.” In what was billed as a major economic speech in Detroit, Bush was content to trot out old conservative bromides on small government and competition as the answer to that challenge; his promised “new vision” and a “plan of action” would come . . . later. His basic “principle” was “growth above all.” A growing economy — at 4 percent, twice the current rate of growth — is Bush’s fix for what ails us.
But what is the Republican growth agenda? Here the reality doesn’t match the rhetoric.
Subsidies considered excessive, unwarranted, wasteful, unfair, inefficient, or bought by lobbying are often called corporate welfare.[1] The label of corporate welfare is often used to decry projects advertised as benefiting the general welfare that spend a disproportionate amount of funds on large corporations, and often in noncompetitive, or anti-competitive ways. For instance, in the United States, agricultural subsidies are usually portrayed as helping honest, hardworking independent farmers stay afloat. However, the majority of income gained from commodity support programs actually goes to large agribusiness corporations such as Archer Daniels Midland, as they own a considerably larger percentage of production.[21]
Alan Peters and Peter Fisher (Associate Professors, Graduate Program in Urban and Regional Planning, University of Iowa)[22] have estimated that state and local governments provide $40–50 billion annually in economic development incentives,[23]which critics characterize as corporate welfare.[24]
Some economists consider the recent bank bailouts in the United States to be corporate welfare.[25][26] U.S. politicians have also contended that zero-interest loans from the Federal Reserve System to financial institutions during the global financial crisis were a hidden, backdoor form of corporate welfare.
Senate majority leader Harry Reid gave a hell of a speech in Congress about the agenda of the billionaire Koch brothers, carbon barons who are the prime beneficiaries of Citizens United, the Supreme Court case that ruled that corporate persons had the free speech right to engage in unlimited campaign finance spending.
“Documents and interviews unearthed in recent months by Brave New Foundation researchers illustrate a $28.4m Koch business that has manufactured 297 commentaries, 200 reports, 56 studies and six books distorting social security’s effectiveness and purpose.” Read more.
“A labyrinth of tax-exempt groups and limited-liability companies helps mask the sources of the money, much of which went to voter mobilization and television ads attacking President Obama and congressional Democrats, according to tax filings and campaign finance reports.” Read more.
“In Louisiana, the Koch brother’s Americans for Prosperity was blasted for running anti-Obamacare ads featuring paid actors to play Louisiana residents telling “their” stories about how Obamacare had harmed them.” Read more.
“IWF-affiliated writers have argued that the gender gap in income exists because of women’s greater demand for flexibility, fewer hours, and less travel in their careers, rather than because of sexism.” Read more.
“They are known for bankrolling conservative, Libertarian and Tea Party causes and became poster boys for corporate tax reform last year when an Obama Administration official suggested Koch is organized as an S Corp. and so pays no corporate level taxes.” Read more.
“Internal company records show that Koch Industries used its foreign subsidiary to sidestep a U.S. trade ban barring American companies from selling materials to Iran. Koch-Glitsch offices in Germany and Italy continued selling to Iran until as recently as 2007, the records show.” Read more.
“A prominent philanthropist, cancer survivor, and American businessman, David Koch, has given millions to the cause of cancer research, while his company—Koch Industries—has lobbied against formal recognition of formaldehyde as a carcinogen, The New Yorker reported in a piece published today.” Read more.
“Charles Koch seems to have approached both business and politics with the deliberation of an engineer. ‘To bring about social change,’ he told Doherty, requires ‘a strategy’ that is ‘vertically and horizontally integrated,’ spanning ‘from idea creation to policy development to education to grassroots organizations to lobbying to litigation to political action.’ The project, he admitted, was extremely ambitious. ‘We have a radical philosophy,’ he said.” Read more.
Protesters attend a rally and march demanding Los Angeles Times not be sold to the Koch Brothers, portraits of which are held, May 23, 2013 in Beverly Hills, California. Charles and Bill Koch have... Get premium, high resolution news photos at Getty Images