Monday, July 06, 2009

A Loss for America


The Triumph of Crony Capitalism

The effect of Obama's approach to business has been enormous. In less than six months, he's changed the relationship between the private sector and Washington. Companies increasingly "compete for government favoritism, not for consumer choice or preferences," says Republican representative Paul Ryan of Wisconsin.

"Members of Congress are being besieged with calls from businesses who have an expectation of getting a check from Washington," Ryan says. "The business mindset is, if the government is going to pick winners and losers, I want to be a winner. What it means is all roads lead to Washington."

The weeds are taking over the garden.

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