The Obama administration last year dedicated more than 80 percent of export loan guarantees to subsidizing a single company – Boeing.Never has rent-seeking been so concentrated and so lucrative! Now you understand why Barack Obama and Boeing aren't proponents of laissez-faire: because looting taxpayers is profitable for politicians and their campaign donors.
Sunday, December 02, 2012
The Washington Examiner reports:
Posted by Steve Bartin at 4:22 PM