corporate welfare

Chris Horner on Renewable Fuels and Corporate Welfare

by Richard Morrison on April 15, 2009

in Video, Zeitgeist

[youtube:http://www.youtube.com/watch?v=iARSO30KAks 285 234]

Is the TARP Unconstitutional?

by Ivan Osorio on January 27, 2009 · 2 comments

in Bailout Watch, Economy, Legal

Also at Heritage today, FreedomWorks chief economist Wayne Brough described his organization’s legal analysis of the constitutionality of the Troubled Assets Relief Program. “There is a very strong non-delegation argument against the TARP,” he said. “They basically took all the debate out of the Congress and put it all in the Treasury in the Executive branch…They gave the Treasury a $700-billion blank check to spend at whim.”

For more on bailouts, see BeyondBailouts.org, a project of the Competitive Enterprise Institute and the National Taxpayers Union, as well as John Berlau’s entry on bailouts in CEI’s new Agenda for Congress.

Carney on AIG’s big government ways

by Ivan Osorio on September 19, 2008

in Economy, Politics as Usual

In his Examiner column today, former CEI Brookes Fellow Tim Carney explodes the myth of AIG as a stalwart defender of free markets that caved in at the sight of federal dollars coming its way:

AIG in 2007 joined the U.S. Climate Action Partnership (US-CAP), a group whose purpose is to lobby for federal restrictions on greenhouse gases. Specifically, US-CAP lobbies for a scheme of mandatory federal caps on greenhouse gas emissions with tradable emission allowances—a “cap-and-trade” policy pushed hard by Enron before that firm’s collapse in 2001.

As part of its climate change strategy, AIG also joined the Investor Network on Climate Risk, which AIG describes as “focused on the financial risks and investment opportunities posed by climate change.” But this network is not, precisely speaking, focused on how climate change might create new risks or opportunities. Rather, it addresses risks and opportunities created by legislation passed in the name of addressing climate change.

Sadly, AIG is not alone. We’ve seen this before.

For more on the Climate Action Partnership, see here.

For more on the Investor Network on Climate Risk, see here.

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