As I pointed out here recently, President Obama’s economic vision for America could most appropriately be labeled as corporatism. His view of an economic order is one in which the ruling class of politicians direct resources for their chosen ends, often benefitting politically-connected corporations at the expense of everyone else.
John Stossel exposes one such blatant example to illustrate Obama’s vision for how our economy should work.
Last month, Obama announced a new set of tax credits for so-called green companies. One window company was on the list: Serious Materials. This must be one very special company.
On my Fox Business Network show on “crony capitalism,” I displayed a picture of administration officials and so-called “energy leaders” taken at the U.S. Department of Energy. Standing front and center was Cathy Zoi, who oversees $16.8 billion in stimulus funds, much of it for weatherization programs that benefit Serious. The interesting twist is that Zoi happens to be the wife of Robin Roy, who happens to be vice president of “policy” at Serious Windows.
Of all the window companies in America, maybe it’s a coincidence that the one which gets presidential and vice presidential attention and a special tax credit is one whose company executives give thousands of dollars to the Obama campaign and where the policy officer spends nights at home with the Energy Department’s weatherization boss.
Or maybe not.
Cronyism at its worst, all at taxpayers expense. Some hope and change.