Bobby Jindal: “We Need To Make Sure We Are Not The Party Of Big Business”

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Louisiana Governor Bobby Jindal is calling for what Timothy Carney is describing as “free market populism.”

We’ve got to make sure that we are not the party of big business, big banks, big Wall Street bailouts, big corporate loopholes, big anything,” Jindal told POLITICO in a 45-minute telephone interview. “We cannot be, we must not be, the party that simply protects the rich so they get to keep their toys.

Democrats have done an excellent job of casting Republicans in that light. Rather hypocritically given how often their own policies – such as huge subsidies for gigantic companies investing in “green energy” – promote big business.

Bill Kristol caused a stir in conservative circles recently by suggesting that Republicans end their opposition to tax hikes on the rich. But an increase in tax burdens, an increase in the burden of government to citizens in general whatever their income level, is not the solution America needs.

Instead of tax hikes, why not attack (as Carney suggests) crony capitalism and corporate welfare? In all the populist political brawling over who is and is not the champion of the “little guy,” we tend to forget that bigger government begets big business. The more taxes and red tape we burden businesses with, the larger those businesses must be to survive.

And when the government promotes “investment” in this or that industry, or engages other devices of economic planning, the result is almost always corruption and wasted tax dollars.

I, for one, don’t want higher taxes in order to keep the flow of crony dollars to the big-business buddies of the politicians going.

Rob Port is the editor of SayAnythingBlog.com. In 2011 he was a finalist for the Watch Dog of the Year from the Sam Adams Alliance and winner of the Americans For Prosperity Award for Online Excellence. In 2013 the Washington Post named SAB one of the nation's top state-based political blogs, and named Rob one of the state's best political reporters. He writes a weekly column for several North Dakota newspapers, and also serves as a policy fellow for the North Dakota Policy Council.

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  • WOOF

    What’s Bobby J gonna use for campaign money? What’s any politician gonna use?
    Can you take money out of politics?
    Gov’t financed elections.
    “Montana, 75 percent of voters supporting
    Initiative 166, which directs Montana’s congressional delegation to
    help pass an Amendment to the U.S. Constitution that would revoke
    corporate personhood”

    • HG

      Woof, how would such a revocation affect unions?

      • WOOF

        I don’t know but unions are people. Corporations are shares.

        • HG

          Corporation are no less people than unions. Shares don’t incorporate, people do. Shareholders are the people you ignore in your comment.

          • WOOF

            Shares are property, they are not people.

          • HG

            But a corporation is not just shares. Shares represent ownership. Owners are people. Shareholders are people.
            Even you should know better, Woof.

          • WOOF

            Some owners are people many times removed. Shareholders are banks , Mutual funds, Sovereign wealth funds and have no direct connection to how capitol and profits are spent gagging shareholders. I would prefer that the Saudi National Bank NOT be making campaign contributions. Let corporations distribute money be to their share holders. Let people contribute their money.

          • HG

            “Some”, but not most. I agree no foreign money should be influencing our elections. I’ll agree to no corporate contributions if there are no union contributions as well. Individuals only.

    • HG

      Woof, what is the problem with corporate personhood? Please explain.

  • HG

    Crony capitalism is a major deterrent to fair and honest gov’t. Maximum freedom is the goal of good gov’t, partiality towards the wealthy threatens that freedom. This doesn’t mean that we should set limits on pay or profits, but it does mean that our laws and more specifically our politicians should not favor the wealthy over others. The only way to protect against this is to severe the crony relationships between business and politicians. They should have no more influence or access to politicians than you or I do. This would include a politician’s staff. They should not be allowed to sponsor political events. No gifts.
    No more PACs where the wealthy can act as an arm of a candidate’s campaign.

  • Chris Knight

    A true conservative stands for small government (closest to the people) and small business. We should be ever vigilant against the concentration of both political AND economic power (big business that destroys a competitive and free market by raising the barriers to entry through regulatory “capture” and monopolistic practices).

  • Hannitized, Proofs obsession

    Rob thinks funding alternative energy development is crony capitalism? America just became a leader in exporting gas and oil, while our air gets cleaner, thanks to alternative energy.

    Lastly, Rob, the results or the election aren’t going to fare well for people like you. Conservatives are having the discussion now about the negative impacts of blogs and radio contributing to spreading the narrow and radical views that they believe cost them the election. There’s going to be a lot less money going to fire stokers and those who cater to those who want to buy hatred.

    • HG

      Gov’t has no business investing our money for us. They are free to encourage it, but not to confiscate it and invest it to further their political agenda.

      • Hannitized, Proofs obsession

        Everything politicians do is to further their political agenda. And how many conservatives decided to vote for Obama because of his investment in green energy? If anything, it had the opposite effect. And research in defense happens under every presidency, but I assume you are ok with that?

        • HG

          When speaking of the limits on government from a conservative point of view, “everything” is not on the table. There are those things necessary for gov’t to do and those things unnecessary. Confiscating earnings to “invest” in start up companies that would otherwise have to wait on the market, isn’t necessary.

          • Hannitized, Proofs obsession

            You are oversimplifying and characterizing the investment to develop new technology to help us emerge as an energy independent and leader in new technology.

          • HG

            Obama invested nothing in fracking. Most of his investment in solar and wind was a bust. Solar was already happening. He tried to hasten it along.
            Oversimplifying or not, it is not gov’t place to confiscate our money then to invest it in what he wants. People are much better at investing their own money.

          • Hannitized, Proofs obsession

            When you say “most of his investment” was a bust, what percentage of his investment spending went bust? Do you know?

            My figures show, by far, that Obama’s investment spending had a far greater track record of success than Bain Capitals.

            Also, I never said he invested in fracking.

          • http://proof-proofpositive.blogspot.com/ Proof

            Do your “figures” show a half billion dollar investment in Solyndra with no return? Do share with us your imaginary “figures”, Hanni Boo Boo.

          • Mildred Midlefinch

            “My figures show…”

            And public records prove you’re a TAX CHEAT.

          • HG
          • HG

            Faltering or bankrupt companies:

            Evergreen Solar ($25 million)*

            SpectraWatt ($500,000)*

            Solyndra ($535 million)*

            Beacon Power ($43 million)*

            Nevada Geothermal ($98.5 million)

            SunPower ($1.2 billion)

            First Solar ($1.46 billion)

            Babcock and Brown ($178 million)

            EnerDel’s subsidiary Ener1 ($118.5 million)*

            Amonix ($5.9 million)

            Fisker Automotive ($529 million)

            Abound Solar ($400 million)*

            A123 Systems ($279 million)*

            Willard and Kelsey Solar Group ($700,981)*

            Johnson Controls ($299 million)

            Brightsource ($1.6 billion)

            ECOtality ($126.2 million)

            Raser Technologies ($33 million)*

            Energy Conversion Devices ($13.3 million)*

            Mountain Plaza, Inc. ($2 million)*

            Olsen’s Crop Service and Olsen’s Mills Acquisition Company ($10 million)*

            Range Fuels ($80 million)*

            Thompson River Power ($6.5 million)*

            Stirling Energy Systems ($7 million)*

            Azure Dynamics ($5.4 million)*

            GreenVolts ($500,000)

            Vestas ($50 million)

            LG Chem’s subsidiary Compact Power ($151 million)

            Nordic Windpower ($16 million)*

            Navistar ($39 million)

            Satcon ($3 million)*

            Konarka Technologies Inc. ($20 million)*

            Mascoma Corp. ($100 million)

            *Denotes companies that have filed for bankruptcy

            http://blog.heritage.org/2012/10/18/president-obamas-taxpayer-backed-green-energy-failures/

          • HG

            We spent 5.5mil per green energy job created to date.

            http://www.washingtontimes.com/news/2012/oct/26/audit-green-jobs-stimulus-program-wastes-cash/
            Epic Fail.

          • HG

            “The Obama administration gave more than $700 million in grants and guaranteed an additional $500 million in loans to publicly traded green energy companies through its 2009 stimulus package. If Obama had invested all that money in a Standard & Poors index fund of the top 500 publicly traded companies, his investment would have seen a 73 percent return since he took office. In contrast, the Obama “green energy” stimulus portfolio has fallen by 78 percent — performing about five points worse than green energy companies that didn’t get subsidies.”

            http://washingtonexaminer.com/examiner-editorial-insiders-get-rich-on-obamas-green-energy-stimulus/article/2512237#.UKO8SRjTk1I

          • HG

            “I never said he invested in fracking”

            No, but you included it as player in our move to energy independence happening under Obama.

            The fact that Obama didn’t invest in fracking, and that fracking is the only real success as far as moving us to energy indenpence should be an indictment of the failure of Obama’s green portfolio.

            We are no closer to energy independence today with Obama’s investment of our money in green energy.

          • Hannitized, Proofs obsession

            Obama’s green portfolio is even cleaner than fracking, if and when those start paying off we will even be better off.

            You can’t simultaneously claim that Obama is responsible for all the bad, but none of the good, based on what’s happening under his leadership. That’s simply hypocritical.

          • HG

            “if and when”? That is no excuse for confiscating wealth and spending it on “if and when”. Fracking is working. It is making us energy independent and that without gov’t. Actually, in spite of gov’t.
            Solar and wind will contribute substantially to energy independence if and when the market sustains it. Not because gov’t temporarily does.

          • Hannitized, Proofs obsession

            You know that entire internet boom we had? It was the result of an if and when bet. You can remove if out of the equation since the technology already exists, if it helps you with the moral indignant nature of your response.

          • HG

            Not hardly H. The internet was no investment in the private sector nor was the present use even in view.

            http://en.wikipedia.org/wiki/History_of_the_Internet

            There is no comparison between the two. Your analogy utterly fails.

    • JustRuss

      Our air is cleaner because of Natural Gas, wind and solar are rather negligible in comparison.

      • Hannitized, Proofs obsession

        Excuse me, but solar is taking over in my state. People are getting credits from the electric company for their solar panel installation and their dials are rolling backwards. Solar will be much larger than you are giving them credit for.

        But yes, fracking plays a big part or our emergence as a leader in exported fuel. All of this is happening under Obama.

  • Judy Morris

    Jindal is right. The GOP needs to become Libertarian if it expects to survive. The social conservatives cost the GOP 2 senate seats in 2010 (CO, NV) and at least another 2 this cycle (IN, MO). The socially intolerant translate to job security for Dingy Harry – they are killing the GOP.

  • Hannitized, Proofs obsession

    Jindal: “We need to stop being the stupid party”:

    Louisiana Governor Bobby Jindal hurled harsh criticism at his own party after the GOP was blindsidedin the 2012 elections, telling Republicans to end “dumbed-down conservatism” by putting a stop to “offensive, bizarre” comments.

    “It is no secret we had a number of Republicans damage our brand this
    year with offensive, bizarre comments — enough of that,” Jindal told Politico.
    “It’s not going to be the last time anyone says something stupid within
    our party, but it can’t be tolerated within our party. We’ve also had
    enough of this dumbed-down conservatism. We need to stop being
    simplistic, we need to trust the intelligence of the American people and
    we need to stop insulting the intelligence of the voters.”

    Jindal told Politico Republicans should “stop being the stupid party”

    http://sphotos-a.xx.fbcdn.net/hphotos-ash4/263581_558998270792355_1571721876_n.jpg

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