Campfire Blog
So says Paul Ryan, opponent of crony capitalism
Paul Ryan, Mitt’s running mate, isn’t opposed to big business. But he is opposed to big government and big business colluding to boost each other while the rest of America—and true competition–suffers.
In 2009, he blasted the Obama adminsitration’s crony capitalism in Forbes:
“Since bringing us back from the precipice however, the Troubled Asset Relief Program [TARP] has morphed into crony capitalism at its worst. Abandoning its original purpose providing targeted assistance to unlock credit markets, TARP has evolved into an ad hoc, opaque slush fund for large institutions that are able to influence the Treasury Department’s investment decisions behind-the-scenes. No longer concerned with preserving overall financial market stability, Treasury’s walking around money continues to be deployed to reward the market’s Goliaths while letting its Davids suffer.”
Read Ryan’s criticism of the cozy, though often ignored, relationship between Big Business and Big Government–both Democratic and Republican–here (1 page).
