Wednesday, September 21, 2011

Government Of, By, and For the Scumlords

Any doubts about our institutions having been corrupted by the ever thickening and expanding layer of scum at their top layers should follow the advice of onetime New York City Mayor Al Smith to look at the record. A review of just some of the things that our government has done recently shows the following:

*  It has rewarded financial executives and institutions for having caused the collapse of the nation's economy by showering them with billions of taxpayer dollars from the public treasury.  Of course the benefits of such crony socialism do not extend to ordinary citizens who continue to be preyed on by, and to suffer from the ministrations of those who do enjoy such programs.

*  It has given a free pass to voter intimidation by truncheon wielding New Black Panther party thugs.

*  Together with a supine judiciary, it has destroyed confidence in the rule of law and created a hostile climate for business investments by riding rough shod over established law in the General Motors and Chrysler bankruptcy proceedings to pay off the administration's big labor supporters ahead, and at the expense of holders of bonds of those concerns. Yet they are puzzled at the absence of investments in business and employment growth!

*  It has transformed the Department of Justice into a Department of Just Us and used it, among other things, to (i) prevent states from protecting themselves from illegal immigrants, and (ii) put guns into the hands of Mexican drug gangs, whose members have deployed them with deadly results against American law enforcement officers, and it is continuing the cover up of the latter accomplishment.

*  It has gambled billions of dollars from the public treasury on collapsing ventures too risky to attract private capital to remain in business, shrugging off the loss to the taxpayers when a recipient such as California solar power maker Solyndra goes bankrupt. Solyndra's executives are taking refuge under the Fifth Amendment to avoid testifying about the possibly corrupt deal. But, because of the way it was structured, the venture's politically connected  private investors will get repaid in preference to the public treasury with anything realized in its bankruptcy proceedings. 

By such misgovernment, our institutions have forfeited their credibility and legitimacy. 

Meanwhile, a probably even worse administration boondoggle that also entails national security concerns is just beginning to unfold. It involves  a venture called LightSquared and the nightmarish situation is outlined in this report.

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