“We know special interest crony capitalism is one big fail”
President-elect Trump’s deal with Carrier to keep a thousand jobs in America is drawing fire from an unexpected source. Former Vice Presidential nominee Sarah Palin is slamming the deal as an example of crony capitalism.
Writing at Young Conservatives, Palin explains that the government picking winners and losers is always a bad idea, even when “our guy,” the good guy does it. She begins, though, with heartfelt good wishes for the Carrier employees who will be keeping their jobs and having a far better Christmas than they expected.
But… Wait… The Good Guys Won't Win With More Crony Capitalism https://t.co/FGGwcJitve
— Sarah Palin (@SarahPalinUSA) December 2, 2016
When government steps in arbitrarily with individual subsidies, favoring one business over others, it sets inconsistent, unfair, illogical precedent. Meanwhile, the invisible hand that best orchestrates a free people’s free enterprise system gets amputated. Then, special interests creep in and manipulate markets. Republicans oppose this, remember? Instead, we support competition on a level playing field, remember? Because we know special interest crony capitalism is one big fail.
Politicians picking and choosing recipients of corporate welfare is railed against by fiscal conservatives, for it’s a hallmark of corruption. And socialism. The Obama Administration dealt in it in spades. Recall Solyndra, Stimulus boondoggles, and all their other taxpayer-subsidized anchors on our economy. A $20 trillion debt-ridden country can’t afford this sinfully stupid practice, so vigilantly guard against its continuance, or we’re doomed.
Reaganites learned it is POLICY change that changes economic trajectory. Reagan’s successes were built on establishing a fiscal framework that invigorated our entire economy, revitalized growth and investment while decreasing spending, tax rates, over-reaching regulations, unemployment, and favoritism via individual subsidies. We need Reaganites in the new Administration.
However well meaning, burdensome federal government imposition is never the solution. Never. Not in our homes, not in our schools, not in churches, not in businesses.
She’s not wrong.
An early Trump supporter, Palin expresses her hope that the Trump team understands that this type of intervention is unacceptable and that the terms of the deal aren’t as concerning as she fears.
Gotta’ have faith the Trump team knows all this. And I’ll be the first to acknowledge concerns over a deal cut by leveraging taxpayer interests to make a manufacturer stay put are unfounded – once terms are made public.
But know that fundamentally, political intrusion using a stick or carrot to bribe or force one individual business to do what politicians insist, versus establishing policy incentivizing our ENTIRE ethical economic engine to roar back to life, isn’t the answer. Cajole only chosen ones on Main St or Wall St and watch lines stretch from Washington to Alaska full of businesses threatening to bail unless taxpayers pony up. The lines strangle competition and really, really, dispiritingly screw with workers’ lives. It’s beyond unacceptable, so let’s anticipate equal incentivizes and positive reform all across the field – to make the economy great again.
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