Sunday, December 02, 2012

Welfare For Well-to-Do: Obama gives 83% of export loan guarantees to Boeing

The Washington Examiner reports:
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.