Klobuchar Commercial “Saved” Perfect Example of Crony Capitalism
Posted on Tuesday, October 2nd, 2012 at 11:00 am.
Written by Kurt Bills for US Senate
Klobuchar Commercial “Saved” Perfect Example of Crony Capitalism
Government as Mafia-Style Protection Racket
BLOOMINGTON, MN—Amy Klobuchar is bragging about helping “save” Paul Walser’s business.
The problem? Amy Klobuchar voted for the program that was going to eliminate his dealerships in the first place. And now she is getting Walser’s support for her campaign.
“Amy Klobuchar is celebrating crony capitalism and the government-as-protection-racket reality of the 21st century,” said Mike Osskopp, manager for the Kurt Bills campaign.
Walser’s company owns GM dealerships, which were under threat of closure in the government bailout restructuring of GM. “GM is alive and Osama is dead” has become the rallying cry of the Obama campaign, and Klobuchar has celebrated the bailout in her campaign, including a campaign appearance with the Vice President.
It was the government restructuring that threatened Walser’s dealerships, and he is grateful that Amy Klobuchar helped thwart for him the very policy she helped put in place.
“Protection rackets work this way: threaten to destroy something, and then demand a reward for not doing so. That is exactly what happened here. Klobuchar voted to destroy Walser’s livelihood, and then provided relief. And now she has his support and endorsement in a TV advertisement.
Ultimately a lot of smaller dealerships in Minnesota were closed. Some, like Walser’s, were saved through political influence.
“Crony capitalism is the distribution of economic benefits to favored, politically connected businesses. That is what happened here. Klobuchar bestowed a benefit to Walser, and the favor is being returned,” said Osskopp. “Big guys win, little guys lose in crony capitalism. That is Amy Klobuchar’s vision.”
“I can’t believe Klobuchar is bragging about this. It encapsulates everything that is wrong with today’s economy,” said Osskopp.