Chicago, Illinois, is well known for being one of the most corrupt cities in America, if not the most corrupt. No suprise, then, that President Obama, who claims Chicago as home, has shown a penchant for crony capitalism and corruption despite his claims of having the most open administration in history. I have detailed some of this corruption before in dealing with the GE connections and connections to lobbyists ushered in the back door of the White House in order to keep them off the books.
More recently scrutiny has been leveled towards the administration for its engagement in venture capitalism with "green energy" projects such as Solyndra which have failed resulting in the loss of publicly backed loans. Now, the Washington Post, not exactly a conservative paper, reports that $3.9 billion in public funds to 21 companies with ties to the Obama adminstration. This exemplifies the problem with a government that believes its proper role is to finance private corporations and pick winners and losers in the economy. Corruption is inevitible when power is exercised without checks or limitations. The solution is simple, returning to the constitutional boundaries given to government by our founders. When government doesn't run your life or your business, you won't feel the need to buy off an official to get a leg up.
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