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Crony Capitalism Gone Wild: Duke Energy CEO Backs President Obama

saawshank Wrote: Oct 03, 2012 11:36 AM
Billy James Hargis warns of Kennedy's "liberal associates." This Tea Party preacher was with us some 50 years ago. Here's some tidbits from his speech. "For Christ and against Communism." "ominous warnings for a sleeping American public" "deadly enemies of the American people close in for their final stages of encircling our nation." "enemy nations within intensify efforts to chip away the foundations upon which American freedom rests." "more and more voices call for the SURRENDER OF OUR NATIONAL SOVEREIGNTY to some type of world authority." (where have I heard that before?) Ooh la la.....and some 50 years ago from today!

Duke Energy CEO Jim Rogers sets a new standard for crony capitalism. While the vast majority of crony capitalists are pragmatic businessmen who pursue a partnership with President Obama for purely financial reasons, Rogers is a different breed.

Most CEOs are political agnostics and see cronyism as a shortcut to bypass the competitive free enterprise system to a pot of gold. These business executives walk a political tight rope, trying to balance the benefits of political favors against the risk of drawing media scrutiny and controversy of looting the public treasury.

For Jim Rogers, passion for progressive politics appears as...