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Rahm Emanuel (!?) Makes the Case for Ending Corporate Bailouts

Morgen on March 27, 2009 at 11:11 am

Found deep within the CSPAN archives, take a look at this video clip from 2006 as Rahm Emanuel makes a very compelling moral AND economic argument for ending the corporate bailouts:

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Yes, he is talking primarily about corporate tax subsidies, but what are the bailouts if not corporate welfare on steroids?

Exit questions:

1.  How far Left is our President when Rahm Emanuel from 2006 actually sounds like a conservative?

2.  Didn’t the President’s Porkulus bill pretty much dismantle Clinton’s welfare reform that Emanuel speaks so proudly of in this clip?

John Adds: What happened to his concern for distorting the market and “picking favorites.” Haven’t we be doing a lot of both recently?

Category: Energy & Economy |

4 Comments

  1. Earl

    BUT EVERYTHING CHANGED BECAUSE THE WHOLE THING WAS GONNA COLLAPSE! AND THEN NO MORE MOCHA LATTES OR WATCHING AMERICAN IDOL; I’D BE OUT IN THE GARDEN OR THE CHICKEN COOP OR HANGING WIT MY P’S AGAIN! F DAT!

    March 27, 2009 @ 4:00 pm
  2. Hot Air » Blog Archive » Video: Corporate welfare is bad, says …

    [...] Who’s this sharp moderate, praising welfare reform as one of Bill Clinton’s greatest achievements and a “wildly successful” program? Who is the man arguing that government distorts markets, picking artificial winners and losers, when it sends massive taxpayer subsidies to assist private corporations? Shouldn’t we have a man like that in the Obama administration now to push back against the bailout mentality and the dismantling of welfare reform? Oh, wait … [...]

    March 28, 2009 @ 7:15 am
  3. The week in review « Crush Liberalism

    [...] welfare and for taking pride in welfare reform that took place during the Clinton years.  Now the same man thinks that corporate bailouts (same diff as corporate welfare, aren’t they?) [...]

    March 29, 2009 @ 6:50 pm
  4. Rahm Emanuel thinks Corporate Welfare is a bad idea? at Reality Unwound

    [...] Obama’s enforcer, in a 2006 interview (thanks to verum serum), panned corporate welfare and bailouts because they “pick favorites” and hinder the [...]

    April 1, 2009 @ 8:21 am

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