Location: Pantego, Texas, United States

Thursday, October 01, 2009

Today in the Ft Worth Star Telegram, a headline said that Jerry Jones was one of the few billionaires whose wealth increased last year. This was story was apparently based on the Forbes Magazine list of the 400 richest people. The reason for Jones's increase in wealth was the football stadium the citizens of Arlington generously built for Jones and his Dallas Cowboy football team. Crony capitalism is now the way to riches in America. It used to be that people got rich by "building a better mousetrap." Now they get rich with a government subsidy. The Obama Administration is rewarding his supporters as fast as they can. Wall Street gave a lot of money to Obama (and not much to McCain) and they are being rewarded. Jeffery Immelt of GE supported Obama, and the carbon cap and trade legislation has provisions that will aid GE and harm their competitors. No wonder the country is in economic decline.


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