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.