Next, let’s target the Democrats’ ultrawealthy cronies who launder the taxpayers’ money with the Solyndra Shuffle: Take hundreds of millions of dollars of corporate welfare under the guise of “stimulus” (or green energy or whatever cause du jour) for their bankrupt companies, keep a few million for themselves and then funnel a few hundred thousand back to the Democrats so they will do it all over again.
According to Peter Schweizer, president of the Government Accountability Institute, Obama campaign bundlers received more than $21,000 of corporate welfare for each dollar donated to the president’s campaign.
The GOP should reject corporate welfare in all its forms, whether it benefits Republicans or Democrats. No more bailouts. No more grants or guaranteed loans or subsidies. No more targeted tax credits or mandates to purchase favored products. Stop subsidizing failure. The corporate welfare Catch-22 is that successful companies don’t need it and failing companies don’t deserve it. End it all.