Fractured Definition

Genome — a General Electric laboratory inAlaska studying DNA

Amazon.com

Many people believe that CEO Jeff Bezos has created a monster ... while others feel that Amazon's dog-eat-dog culture is just what was needed to propel a small on-line bookseller into the most valuable retailer in the United States ... having just recently surpassed Walmart in its stock-market valuation.

Clearly, Amazon.com has taken the Darwinian corporate culling culture developed at General Electric a number of steps further ... to the point where it's high turnover rates (half of its employees last just one year and only 15% of its employees last five years) might eventually be its undoing. The New York Times has done a very long, fascinating and in-depth article on Amazon which exposes not just its many maniacal successes but also its disturbing ugly warts ... see: New York Times Story.

The older I get, the more I believe that capitalistic success is very often predicated on a Messianic vision on the part of corporate founders ... from John D. Rockefeller to Henry Ford to Thomas Watson to Steve Jobs to Jeff Bezos. And although there might be much personal employee suffering along the way, the end result is, for a time, an "insanely" transformative company. After you have digested the above article, see if you can't somehow forgive the tyranny that many of these corporate founders have engaged in to birth their visions. I may not like it, but I can forgive it ... such is "invisible hand" of capitalism.

Crony Capitalism

The Barry is sagging under the weight of two crony capitalism disclosures -- Solyndra Corp. (see: Reuters Article) and LightSquared (see: LightSquared).  Now we hear that Jeff Immelt, the CEO of General Electric and a clear Obama crony, has just been thrown a $230 million bone from OGX, the Brazilian oil company, to supply them with off-shore drilling technology (see: Surprise GE Contract).  Now, clearly coincidentally, when Obama was in Brazil earlier this year, he announced a $2 billion U.S. loan to help Brazil develop its huge off-shore oil discovery (see: Forbes Take on the Loan ) ... despite the fact that he has effectively stopped oil exploration off our own shores.  He punctuated this largess by another of his arm-waving grand gestures ... saying that the United States is looking forward to importing this new Brazilian oil (see: Drill Brazil Drill).

Is anyone surprised that Obama will raise $1 billion to fund his re-election campaign?

Long afterthought:  Here is another link to a listing of Green Energy pork: Michelle Malkin

Money Laundering

The U.S. federal deficit in 2008 (G.W. Bush’s last year in office) was $407 billion (see Bush's Last Deficit). This includes substantial spending ($246 billion) to stop our slide into recession. This year, 2011, the federal deficit is projected at $1.65 trillion … over four times as large! And this year’s deficit does not include the 2009's Stimulus Bill spending, is after the 2008/2009 TARP spending, and includes the spending wind-down on the IRAQ war. The question is why?

I think the unfortunate answer is that the Obama administration has done lots of squirrely things … often extra-legal things that throw government (read “taxpayer”) money at favored groups who, most often turn around and help fill the DNC’s coffers (a sophisticated form of money laundering.) Shall we use here that favored liberal pejorative, "corporate welfare"? (See: Obama's Corporate Welfare) The Democrats have, for decades, decried this supposed corporate favoritism by Republicans. Yet, when they control things, it’s as though the elephant has suddenly morphed into a donkey … only this time it’s not just corporations but now most unions are added to the line of those with their hands out.

Why is it that so little of this payola makes it into most newspaper's front page … or the broadcast network's evening news? Because of this sickening yet predictable media oversight, I will attempt to here list a few of these payoffs that have recently bloated or will bloat our federal spending, devalue the U.S. dollar, and threaten this country with eventual bankruptcy.

$4 billion in current General Motors’ tax breaks: See, GM Tax Breaks

$27+ billion in UAW pension fund bail out: See, UAW Pension Bailout.

Zilch in 2010 federal taxes paid by GE: See, General Electric Largess

$500 million Obama gift to "community organizers": See Get Out The Vote Money

Multi-multi-billion dollars of foreign bank bailouts: See, Bernanke's Secret

$363 billion in the Fannie/Freddie honey pot: See, Fannie/Freddie Bailouts

Over 1000 Obamacare waivers to companies and unions: See, Obamacare Wavers

$3.27 trillion = the true cost of the “job stimulus” program: See,  Job Stimulus Spending

At least $5.5 billion in “green” subsidies: See,  Better Building Initiative

$180 billion of new corporate tax breaks: See, Corporate Tax Breaks

$5 billion of early-retirement health care subsidies under Obamacare: See, Obamacare Subsidies
  
$53 billion of high-speed rail subsidies:  See, High-Speed Rail Subsidies

etc., etc.

If you are not now sick to your stomach, you have not clicked on enough of the above links.  Is it any wonder that Obama expects to raise one billion dollars for his re-election campaign in 2012?  Certainly not ... in fact, I believe he will easily surpass that number ... and buy himself another 4 years of White House festivities, family vacations ... and money laundering.