Government cutting special deals for special friends – is always obnoxious, obnoxiously bad policy. It takes a lot of money from innocent, unwitting citizens – and hands it to politically-connected cronies. It warps functioning marketplaces – when governments place their massive thumbs upon the scales to tilt the system.
We’ve just narrowly escaped the Barack Obama Presidential Administration – almost indubitably the biggest imposer of top-down federal cronyism in our nation’s history. Thankfully gone – their cronyism is not forgotten by lower-level government officials looking to continue the obnoxiousness.
One of the companies seeking to maximize this bottom-up cronyism – is Exelon Energy. They run nuclear plants in several states – and they are going state-government-to-state-government looking for crony bailouts. Looking to save themselves – at the expense of the many states’ taxpayers.
Illinois was the first state to cough up the crony dough. Illinois’ elected officials moved crony-quickly – so as to short-circuit any citizen attempts to oppose. More