crony capitalism

(Newser) - When President Obama took on health care, he wasted no time getting big business onboard, even managing to get big pharmaceutical companies to spend $70 million fighting US Chamber of Commerce attacks. And "if you substitute the name Walmart for Big Pharma—and the NRA for the Chamber of...

(Newser) - Charles Koch thinks corporations are spending too much time courting government favors and forging political connections—yes, that Charles Koch. In an op-ed in today's Wall Street Journal , the Koch Industries CEO recalls seeing an amusing sign outside a craft store reading, "We didn't build this business—...

(Newser) - Three years ago, Mitt Romney wrote that President Obama should " Let Detroit Go Bankrupt ," instead of bailing out the struggling auto industry, in a famous New York Times column. And today? Even with the American auto industry on the rebound, Michigan's GOP primary looming on Feb. 28,...