corporate welfare

Lord Ridley's Euro Subsidy Slammed as Socialism for the Rich

Lord Ridley's Euro Subsidy Slammed as Socialism for the Rich
Free market zealot Matt Ridley may well dismiss the European Union’s Common Agricultural Policy (CAP) as a powerful “economic quirk” which has retarded Britain’s rural economy and kept farming “artificially buoyant”. But that has not stopped the landed aristocrat from claiming his share.
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50 Years Later, Ronald Reagan's 'Time for Choosing' Speech Reads Like a Tea Party Manifesto

50 Years Later, Ronald Reagan's 'Time for Choosing' Speech Reads Like a Tea Party Manifesto
Fifty years ago today, on October 27, 1964, Ronald Reagan delivered his (in)famous "A Time for Choosing Speech" in support of Republican Presidential nominee Barry Goldwater over President Lyndon Johnson. Soon thereafter, LBJ went on to defeat Goldwater in one of the greatest landslides in U.S. history. So, in that respect at least, Reagan's speech wasn't toxic. But in most other respects, the speech — and Reagan himself — were a dangerous mix of dishonesty, demagoguery, delusion, and divisiveness.
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AL Gov on Looting Education Budget for Corporate Welfare: 'Eat What You Kill'

AL Gov on Looting Education Budget for Corporate Welfare: 'Eat What You Kill'
It may read like satire — but unfortunately, it is not. Alabama Governor Robert Bentley is calling for a special Legislative session to divert money from the state's Education Trust Fund to pay for corporate welfare. Because if corporations are people and children are just little people, than this is all the same thing. Right?
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GOP Math: Alabama Gives Chinese Company $190 Million to Build $100 Million Plant

GOP Math: Alabama Gives Chinese Company $190 Million to Build $100 Million Plant
No doubt Decatur, Alabama, tubing manufacturer, Wolverine, is thrilled that the state is funding a competitor. Not just any competitor: Chinese-owned "Golden Dragon Copper" has opened in Wilcox County and is getting a pretty sweet deal.
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REPORT: Of Discouraging $110B in Corporate Welfare, $88M Goes to Koch Industries

REPORT: Of Discouraging $110B in Corporate Welfare, $88M Goes to Koch Industries
A new report provides detail on our ‘corporate welfare state’ and the way large corporations benefit from programs being sold to the public as beneficial to American citizens. In total, state and local governments have handed out $110 billion in corporate welfare. If that's not bad enough, $88 million has been siphoned off by the free market championing Koch Brothers.
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Trans-Pacific Partnership Kills Already Ailing US Manufacturing, Say Labor Leaders

Trans-Pacific Partnership Kills Already Ailing US Manufacturing, Say Labor Leaders
The Trans-Pacific Partnership, if ratified, would decimate the already struggling US manufacturing sector said labor leaders in a conference call Thursday. The track record of these trade agreements, from NAFTA to AUSFTA, have proven every time a new one happens, US manufacturing jobs pour out of the country.
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USA Today: Corporate Giveaways, Not Public Pensions, Cause Financial Stress and Need Reforming

USA Today: Corporate Giveaways, Not Public Pensions, Cause Financial Stress and Need Reforming
In an op-ed for USA Today, David Sirota gives credit to conservative activists, business groups, and politicians for their attempts to demonize public pensions. But this well-coordinated attempt to sway public opinion, he writes, should not result in pensions being “reformed.” For many state and local governments, wasteful spending and unnecessary giveaways to corporations are causing more financial uncertainty than pensions ever could.
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New Report: Corporate Welfare Costs the Average American Family $6,000 Annually

New Report: Corporate Welfare Costs the Average American Family $6,000 Annually
With big corporations doubling their profits while having their taxes cut over the past ten years, 2.9 million American jobs have been lost and the system has been pushed to its functional boundaries. The system, Buchheit argues, is nothing more than crony capitalism and creates a government whose main function is to legalize the fleecing of the 99 percent at the behest of the elite one percent.
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CT Taxpayers Gave $51 Million to $20 Billion Company

CT Taxpayers Gave $51 Million to $20 Billion Company
Last summer, Connecticut Governor Dannel Malloy announced that Alexion Pharmaceuticals would become the fourth company to collect taxpayer subsidies (aka, Corporate Welfare) under his "First Five" economic development initiative. So what will happen to that money now that Alexion is in the process of being bought by a Swiss company?
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John Pelto
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Why the Post Office Matters and Why Corporate America Is Stealing It

Why the Post Office Matters and Why Corporate America Is Stealing It
Handcuffed by the Postal Accountability and Enhancement Act of 2006, one of America's greatest institutions and employers is seeing its doors shuttered and sold off to private entities across the country. While the corporate spin is that this bloated bureaucracy can't compete with email, there are very real reasons why the post office needs to exist now and in the future.
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