The cronyism, however, didn’t begin with the healthcare fight. After taking office, President Obama got to work right away buying-off people who would serve his interests, as he continued the destructive precedent established by George W. Bush and handed over billions of our tax dollars to Chrysler and General Motors. He then established his special “Automotive Task Force,” and appointed as the head of the task force Steve Rattner, a Wall Street investor with no experience in the car business but with lots of experience in raising campaign money for Obama and Democrats.
When GM and Chrysler ended-up in bankruptcy, President Obama insisted that everybody involved needed to “sacrifice,” yet the only people to experience a loss were the companies’ secured creditors. The Obama Administration used the full power of the White House to force the creditors to accept debt payment of thirty cents on the dollar, and then during the “re-structuring” of the companies managed to have chunks of each corporation “gifted” to the United Auto Workers Union (the UAW currently owns about 17% of GM, and slightly over 50% of Chrysler).
President Obama had a good reason to provide “gifts” to the UAW – labor union members frequently make great, loyal, campaign foot soldiers for Democrats. And for this reason it was no surprise when President Obama negotiated an exemption from the mandates of his nationalized healthcare plan for UAW members – they already receive healthcare benefits, and it made no sense to entangle into government healthcare a group of people who could be politically beneficial to Barack Obama.
Then there are the “gifts” to individual members of Congress. The “Louisiana purchase” with Senator Mary Landrieu and the “Cornhusker kickback” happened months ago. Yet all within the last week, we saw Ohio Congressman Dennis Kucinich go from a “no” to a “yes” vote on Obamacare after his wife was given a job working for Michelle Obama. And the Obama Administration used the power of the Department of the Interior to expand California’s water allocations, in exchange for the votes of on-the-fence Representatives Costa and Cardoza.
And why, exactly, does the Obamacare agenda require all Americans to buy health insurance? Using the force of government to create more “demand” for their product was a great way for President Obama to garner the political support of the insurance industry.
Yet at the epicenter of all of this – all the bribes, manipulations, and heavy-handed mandates – is the narrow, political self-interest of one man: Barack Obama. America’s cultural “right” decries the loss of freedom and the rise of abusive government, while the “left” decries a government that lines the pockets of for-profit corporations (companies that are presumed to be “greedy”), all for the benefit of one self-serving politician.
This is the assault on America’s foundational principals and values. It is the assault of governmental cronyism, on our basic understandings of what is right, and fair.
Austin Hill is an Author, Consultant, and Host of "Austin Hill's Big World of Small Business," a syndicated talk show about small business ownership and entrepreneurship. He is Co-Author of the new release "The Virtues Of Capitalism: A Moral Case For Free Markets." , Author of "White House Confidential: The Little Book Of Weird Presidential History," and a frequent guest host for Washington, DC's 105.9 WMAL Talk Radio.