MSNBC's Ratigan -- Who Constantly Blasts Crony Capitalism -- Ignores Solyndra Story
MSNBC ranter extraordinaire Dylan Ratigan is no fan of "crony capitalism" -- when businessmen get government to help them socialize the risk of their ventures through government subsidies or bailouts, leaving taxpayers on the hook for failure while reaping the benefits of government largesse.
The Obama administration's handling of solar energy firm Solyndra is a perfect example of same.
Yet this week, Ratigan's been strangely silent on the Solyndra congressional investigation this week, even as it's been covered in major newspaper outlets like the New York Times and Washington Post.
Ratigan likes to present himself as one who marches to the beat of his own drum, but on this matter, he seems to be following the silence of the rest of the MSNBC choir.
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Comments
Denial. Ratigan has it.
Submitted by rbosque on Fri, 09/16/2011 - 5:20pm.
Denial. Ratigan has it.
Comrade Zero, You Want "Green"?
Submitted by Motormouth KOS on Fri, 09/16/2011 - 5:53pm.
I am green with envy that you didn't throw 500 million at me.
You are the greenest politician that has ever inhabited the WH
The moral of the Solyndra Affair?
You can't just wish for green jobs and green energy to make economic sense, you greenhorn.
The Obamination... A crisis leading to a catastrophe..(please donate to MRC)
Reverse Cronyism
Submitted by upcountrywater on Fri, 09/16/2011 - 6:18pm.
Just a dice roll that I own 2 Fords.
GE gets 4 billion bucks in tax write offs VS Cost of running/loser PMSNBS for a few 100 million.
Comcast want's a chunk of those "deductions"..Natch.. now you know why there has bean ⓿ change in show status.
Like the NYT it's mostly/partly owned by a billionaire from Mexico, Mr Slim, it's just another newspaper trophy hobby, coffee table memento.
Profit, phft, got mine already, from dad.
Mexican billionaire Carlos Slim bought another tranche of New York Times Co. stock, raising his recent acquisition to more than one million shares, in what his spokesman described as an effort to capitalize on a down market.
You Didn't Build That.
silence is golden from the MSM
Submitted by ohio granny on Fri, 09/16/2011 - 8:52pm.
For Obama silence is golden from the MSM. Too bad for them all though, the alternative media is covering all the scandals happening in Obama land.
Ratigan's dear leader is crashing and burning and is fast becoming irrelevelant.
I am a fan
Submitted by dan iroticiv on Fri, 09/16/2011 - 9:45pm.
I am a fan of Dylan Ratigan, but I am disappointed with this information. I think he owes his viewers an explanation as to why he hasn't commented on Solyndra.
Solyndra was not crony capitalism, it was corporate welfare.
Submitted by big.league.slider on Fri, 09/16/2011 - 10:58pm.
From Merriam-Webster:
"capitalism: an economic system characterized by private or corporate ownership of capital goods, by investments that are determined by private decision, and by prices, production, and the distribution of goods that are determined mainly by competition in a free market"
Obviously, Solyndra's business model relied heavily on taxpayer subsidies , so the market price of its goods was not based on free market competition. Thus Solyndra should not rightly be considered an example of crony capitalism. Rather, it is an example of corporate welfare. Anyone with a lick of financial sense would obviously understand that Solyndra's business would never have generated a single penny of profit.
Ratigan and MSNBC's parent company GE, on the other hand, is a prime example of crony capitalism. GE's CEO is effectively part of the president's administration. GE receives massive taxpayer subsidies. GE currently manages to pay no corporate income tax on its $billions in profits. GE is given $billions in federal loan guarantees even though the GE corporation has $600 billion in outstanding debt and is essentially worthless.
The difference between crony capitalism and corporate welfare is that with crony capitalism, there would be some expectation that the federal handout might eventually result in some amount of tax revenues, however small, flowing back into the federal coffers. Corporate welfare is just dumping taxpayer dollars down a private company rat hole.
Two-faced hipocrits who sold
Submitted by jessieH on Sat, 09/17/2011 - 10:45am.
Two-faced hipocrits who sold out their country. That's how I see MSNBC.