If you want bigger government, you need to side with big business
Big Business can afford the added costs of regulations. It can hire up the former senators as its lobbyists to tweak the rules. It can hire the former Food & Drug Administration Commissioners as its lawyers to work around the rules. And it will always get a disproportionate amount of the subsidies. …
“Corporations have sizeable cash flows and access to credit markets, which gives them a cushion against adversity and added costs; small businesses often operate much closer to the margin and are acutely sensitive to policies that threaten to drive up costs. Corporate CEOs can hire experts to help them cope with added regulatory burdens and can spread the costs over a large workforce; small business owners must deal with these burdens by themselves and have few ways dilute their impact.” …
Corporate-federal collusion was embodied in ObamaCare, largely written by drugmakers, vociferously supported by hospitals, and driving business to private insurers. Obama’s stimulus was a huge gift to corporate America, with its plethora of subsidies. In the fiscal cliff deal, Obama insisted on a raft of corporate tax extenders. Obama’s “New Economic Patriotism” is a dress for corporate welfare to wear to the prom. Obama supported TARP. He bailed out GM. He signed cash for clunkers. He has set new records in export subsidies. I could fill a book with this sort of thing.









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It’s exactly why the small business is struggling so badly.
If left alone, big business would still exist. but not at the level we see.
Bcs when things get big, oftentimes quality suffers.
The small business is good for many things, but since we’ve been squeezed out by regs & laws etc., we have no way to compete.
I say this as a small business owner.
Badger40 on January 23, 2013 at 7:27 AM
The word corporation is not a substitute for the words “big business”. This should tell us that Galston doesn’t know what the hell he’s talking about.
Corporations struggle regardless of their size, as they are plagued with “big government” regulations.
Which were originally intended to protect stockholders from publicly traded company fraud. How well did that work … tech/tele/dotcom bubbler’s, Enron, Madoff, Fanny/Freddie & Facebook (all regulated, all book cookers).
These regulations carry fines that are often crippling to smaller businesses ready to bust into the next category.
Also, cash flow is restricted to the transitional smalls because of the new government lending restrictions placed on banks. These restrictions are enforced by big government appointed money overlords (the puppet master if you will).
kregg on January 23, 2013 at 8:04 AM