Now All of America Can Be More Like Chicago
And yet, the next Obama term as US president is likely to see nationwide corruption financed by deficit spending at an unprecedented scale. Expect to see massive federal bailouts and handouts for groups, industries, activist organisations, and profligate state and local governments. The common denominator of the recipients of the coming repeat explosion of deficit spending largesse is that they will all have supported Obama's re-election in a big way.
President Obama’s re-election... marks the massive endorsement of an expanding crony capitalism that ultimately could reshape the already troubled American economic system beyond recognition.Now that Obama doesn't need to worry about re-election, he can pull out all the stops to make sure he and his cronies never have to worry about money again -- all at taxpayer's expense.
...The federal government and its expanding bureaucracy — another big winner tonight — seems likely to issue Draconian edicts on greenhouse gas, now that the election is over. The whole coal industry is about to get savaged by new regulations and pressure is mounting to regulate fracking as well. Destroying the competition may be the one way to bail out the “green” crony capitalists.
Other crony capitalists could also benefit form the new regulatory assault: the rise essentially of national zoning. Backed by EPA and HUD, urban land speculators could see their suburban competitors regulated — as is already the case in California — into oblivion. Regions could find themselves obliged to built often expensive, and in some cases, wildly inappropriate transit system. This will benefit not only unions, who will build and operate these systems, but companies like Siemens who push for greater rail expansions at the expense of maintaining and improving such critical infrastructure as roads.
Ultimately the biggest winners may be those who finance municipal and state debt. Owing his election to the fiscal failures of New York, Illinois and California, Obama could have to use his executive power to forestall looming bankruptcies at the local and even state level. Ironically the biggest winner here in the crony capitalist sweepstakes will be firms like Goldman Sachs, who turned so vehemently against Obama, but have historically made much of their money on financing government operations. _NewGeography
A great scam if you are a true and complete scum.