Monday, June 11, 2012

FOXNews.com: Welfare for the rich

FOXNews.com
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Welfare for the rich
Jun 11th 2012, 19:45

Republicans say they believe in free-markets and limited government.

So I thank Congressman Tom MClintock and the Cato Institute's Ted DeHaven for pointing out that what Republicans say— is often different from what they do. Recently more than 100 Republican Congressmen voted to preserve corporate welfare programs. They even voted to keep the program that funded Solyndra. I expect this nonsense from Democrats.  But I was told that today's Republicans are "fiscally responsible."

My new book, "No They Can't: Why Government Fails – but Individuals Succeed," gives reasons why many politicians support corporate subsidies.  

Here are a few:  

- Politician's corporate cronies give them contributions that help them stay in office.  

- Some believe that this subsidy will work out.  

- And of course – Washington taking more of your money and choosing which companies get it – makes the political class more powerful.  

To see which politicians voted to give your money away, click here.

John Stossel is host of "Stossel" on the Fox Business Network. He's the author of  "No, They Can't: Why Government Fails-But Individuals Succeed," "Give Me a Break" and of "Myth, Lies, and Downright Stupidity." To find out more about John Stossel, visit his website at johnstossel.com.

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