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GOP committee chairman declares
war on corporate welfare

Washington Examiner, by Timothy P. Carney

Original Article

Posted By:Judy W., 5/21/2014 7:42:00 AM

A Republican congressman bashing “crony capitalism” and “corporate welfare” is no longer a new thing. A Republican congressman actually trying to do something about corporate welfare, however, is nearly unprecedented. So it´s a sign that the GOP could go in a new direction when the Republican chairman of the House Financial Services Committee sets out to derail some of Wall Street´s favorite federal gravy trains and “reform the corporate welfare state.” Texas Republican Jeb Hensarling, who chairs the House banking panel, gave a call to arms at the conservative Heritage Foundation on Tuesday afternoon, imploring his colleagues to “reject the Washington

Comments:
It´s good to see a Republican standing up against cronyism. Watch Hensarling, who is probably going to run for Speaker.

      


Post Reply  

Reply 1 - Posted by: Doctor P, 5/21/2014 9:45:15 AM     (No. 9856361)

The Democrat party is already the party of the rich if noted by political donations.

Let them also be tagged with the party of cronyism

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Reply 2 - Posted by: jakehearts, 5/21/2014 10:27:39 AM     (No. 9856434)

He must have had a Saul like conversion. He was one of a handful of members that voted against needed reforms on credit card billing practices that took down the former CEO of Bank of America. Call me very skeptical

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Reply 3 - Posted by: shamus, 5/21/2014 10:47:48 AM     (No. 9856473)

Declarations of "war" are vapid expressions.

Nixon declared War on Cancer in the 70´s. Cancer remains a dread disease.

Reagan declared War on Drugs in the 80´s. Drug abuse is still rampant.

Bush declared War or Terror. Terror groups are still busy kidnapping, killing and engaging in nefarious activity.

Corporate welfare is not in peril.

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