By Glenn Dorfmann
Recently, the politicians (in this case Republicans), our so-called small government conservatives, are upset with the fact that a $500m investment in some "Green business" has resulted in the business going belly up.
First, government should not be investing in businesses (including sports stadiums) directly or through tax expenditures, and second, when will these so-called conservatives hold a hearing on this:
Major Government, Military Corruption and Trillions Missing at Defense Department over the last decade.
"'According to some estimates we cannot track $2.3 trillion in transactions,' Rumsfeld admitted. $2.3 trillion — that's $8,000 for every man, woman and child in America."
-- CBS News, 1/29/02, U.S. Secretary of Defense raises evidence of government, military corruption
"A GAO report found Defense inventory systems so lax that the U.S. Army lost track of 56 airplanes, 32 tanks, and 36 Javelin missile command launch-units. When military leaders were scrambling to find enough chemical and biological warfare suits to protect U.S. troops, the department was caught selling these suits as surplus on the Internet 'for pennies on the dollar.'"
-- San Francisco Chronicle, 5/18/03
"The Defense Department spent an estimated $100 million for airline tickets that were not used over a six-year period and failed to seek refunds even though the tickets were reimbursable."
-- New York Times, 6/9/04
Political hypocrisy, business as usual. Remember, the reason I haven’t attacked democrats here, is that they have not had a new idea since income redistribution. The Republicans are succeeding with redistribution where the democrats have only been able to talk about it since Lyndon Johnson. The problem is that Republicans are not supposed to believe in income redistribution but rather free market capitalism.
The hypocrisy is mind-boggling!
Glenn Dorfmann is a curmudgeon of sorts, with the heart of a poet. Email him at email@example.com