Saturday, February 27, 2010

Before they find their way into office they run the corporations that fail and bail them out after they are elected. Corporate welfare.


May 14, 2007
Policy Analysis no. 592

The Corporate Welfare State: How the Federal Government Subsidizes U.S. Businesses

by Stephen Slivinski

The federal government (click title to entry - thank you) spent $92 billion in direct and indirect subsidies to businesses and private- sector corporate entities — expenditures commonly referred to as "corporate welfare" — in fiscal year 2006. The definition of business subsidies used in this report is broader than that used by the Department of Commerce's Bureau of Economic Analysis, which recently put the costs of direct business subsidies at $57 billion in 2005. For the purposes of this study, "corporate welfare" is defined as any federal spending program that provides payments or unique benefits and advantages to specific companies or industries....

The Political Right Wing likes to pride themselves on creating private sector jobs.

Right.