Friday, November 18, 2011

Dems love welfare, Reps love corporations. Result?

Corporate welfare.

"The Occupy Wall Street protesters aren't good at articulating what they want, but one of their demands is 'end corporate welfare.' Well, welcome aboard... Republicans, for their part, favor handouts to the nuclear industry. Over the years the feds have provided billions of dollars in loan guarantees and cut-rate insurance to nuclear plants, though even nuclear-utility executives say new plants may not make economic sense in a world of cheap and abundant natural gas. Last month House Speaker John Boehner backed a $2 billion Energy Department loan guarantee sought by USEC Inc. for a uranium-enrichment plant in Piketon, Ohio...Yet the parade of subsidies gets longer each year, perhaps, as the old joke goes, because in Washington Republicans love corporations and Democrats love welfare. As House Budget Chairman Paul Ryan puts it: 'How can we save billions of dollars from unjustified subsidy and entitlement programs, if we can't get corporate America off the dole?'" (gated link to whole WSJ article)

(nod to Kevin Lewis)

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