MSM: Halliburton Crony Capitalism Is Bad, But Solyndra Crony Capitalism Is Okay

Crony Capitalism: Business depends on the relationships between their people and government officials.

Isn’t this fun: Finding a scandal in the Bush Administration that’s similar to a scandal in the Obama Administration and comparing how the MSM treated both. Like General Attorney Alberto Gonzalez, the MSM couldn’t get enough of any scandal within Halliburton and always made sure to connect them to Dick Cheney. Yet they don’t seem to care much about the wasted tax money on Solyndra.

The MSM did their job correctly by keeping us up to date with the wrong doings of Halliburton. They weren’t perfect and received some perks because of their ties to Vice President Dick Cheney. The fact is everything Halliburton did wrong the MSM was right there to pick it up, most notably the bribes paid to Nigeria. Bunnatine H. Greenhouse was demoted after she testified Halliburton was receiving special treatment for work in Iraq & Dick Cheney’s office was in complete control of Halliburton’s $7 billion Iraqi oil/infrastructure contract.

Was it crony capitalism? Yes. Government and government officials shouldn’t play favorites with private companies. The MSM was right to call out these Halliburton misfortunes.

Yet, until recently, the MSM outlets have been silent on Solyndra. In March 2009 Obama Administration gave Solyndra a $535 million loan guarantee. They were given this much money because of these promises:

  • The construction of this complex will employ approximately 3,000 people.
  • The operation of the facility will create over 1,000 jobs in the United States.
  • The installation of these panels will create hundreds of additional jobs in the United States.
  • The commercialization of this technology is expected to then be duplicated in multiple other manufacturing facilities

Yeah none of that happened. Here’s where it gets interesting & why the MSM should be all over this because it’s basically Halliburton/Cheney all over again. George Kaiser, one of the principal owners of Solyndra, is a HUGE Obama donator. Maybe this is why the loan was approved before officials completed mandated evaluations of the company? Turns out 143 companies wanted the loan, but Solyndra received it. Did it have anything to do with their $1.8 million in lobbying? But when Tim Harris, CEO of Solopower, didn’t think about lobbying because he was told it was not helpful or acceptable. Huh. So one company was told it wasn’t acceptable to lobby and yet the company, which one of the principal owners is a big Obama donator, was allowed to lobby & received the bigger loan. Thank goodness we didn’t loan more to Solyndra.

Crony Capitalism: Business depends on the relationships between their people and government officials.

Halliburton & Solyndra are cases of crony capitalism. I just wish I understood why the MSM thinks they should only report on GOP crony capitalism and not equally on Democrat crony capitalism. The MSM loves to remind people of Dick Cheney’s connections to Halliburton, yet refuse to mention President Obama’s political connections to Solyndra.

Crony capitalism is awful no matter who commits it. Face the facts MSM. Your “savior” failed big time. Man up and report the truth.

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