Comments Subscribe to Personal Liberty News Feed Subscribe to Personal Liberty

Oversight Committee To Investigate Crony Capitalism

September 20, 2011 by  

Oversight Committee To Investigate Crony Capitalism

In light of controversy surrounding White House involvement with failed energy company Solyndra and wireless start-up LightSquared, Representative Darrell Issa (R-Calif.) said on Tuesday that his committee plans to investigate government loan programs to private corporations.

“I want to see when the president and his cronies are picking winners and losers… it wasn’t because there were large contributions given to them,” the chairman of the Oversight and Government Reform Committee said Tuesday morning on C-SPAN.

Issa, the GOP’s self-proclaimed “chief watchdog” said that the committee plans to seek answers to questions like how a company that requires Federal subsidies can still afford to make large contributions to political campaigns. The government has provided hundreds of loans to companies in the tech, green energy and automotive industries.

Issa is also poised to investigate LightSquared, a wireless company, amid allegations that the White House pressured an Air Force general to revise testimony before a closed congressional hearing to aid the company after information surfaced demonstrating interference between the company’s products and military GPS. Emails between the company and the White House show a close relationship between LightSquared’s CEO Sanjiv Ahuja and top level Democrats. Administration officials met with executives from the company on the same day that the CEO wrote a $30,400 check to the Democratic National Committee.

Issa said that the reason crony capitalism is dangerous is that politicians pick businesses as “winners” for ideological reasons or simply because the companies supports them politically, and disregard any true market indicators that will be the true measures of success.

Sam Rolley

Staff writer Sam Rolley began a career in journalism working for a small town newspaper while seeking a B.A. in English. After learning about many of the biases present in most modern newsrooms, Rolley became determined to find a position in journalism that would allow him to combat the unsavory image that the news industry has gained. He is dedicated to seeking the truth and exposing the lies disseminated by the mainstream media at the behest of their corporate masters, special interest groups and information gatekeepers.

Facebook Conversations

Join the Discussion:
View Comments to “Oversight Committee To Investigate Crony Capitalism”

Comment Policy: We encourage an open discussion with a wide range of viewpoints, even extreme ones, but we will not tolerate racism, profanity or slanderous comments toward the author(s) or comment participants. Make your case passionately, but civilly. Please don't stoop to name calling. We use filters for spam protection. If your comment does not appear, it is likely because it violates the above policy or contains links or language typical of spam. We reserve the right to remove comments at our discretion.

Is there news related to personal liberty happening in your area? Contact us at

  • Raggs

    This barrackula mentality has only one set goal and that is…. To model America after a socialist / marxist theology..
    A state ran thugocracy by the elite and for the elite… ( they can go straigth to hell )

    I for one am so F-king mad at our congress and the BS that they by their own choice inhale by this crooked son of a bitch oblama.
    And the fools tend to bury their head up the ass of a re-election.
    These F-ers care only about their own self interest…

    Now if Issa is a man looking out for America I expect nothing less than a congressional hearing followed by the impeachment of oblama.

  • eyeswideopen
  • s c

    Raggs, I have an idea as to how you feel. But, look at it this way, across the nation, more and more blacks are taking a hard look at Oiwannabeagod, and they don’t like what they see. If a Founding Father was able to render a decision about a prez who’s done what the current poser has done in almost three years, we’d probably be told that it’s worse than immoral to have someone who is that corrupt and kookoid serving in an elected office.
    You and I know that free market business works. The ‘thing’ that some of the in-house ankle-biters on this website whiz and moan about is wholly the creation of those who hate free markets. They have controlled and manipulated and abused free markets for so long that we’re not supposed to distinguish between free markets and what those lying bastards call “capitalism.”
    That same mentality expects us to believe that ‘Republicans’ and conservatives are one and the same. They’re not. Anybody who doesn’t have his head rammed up his arse knows that. If the ‘others’ don’t get it, #^&@ ‘em.
    Why should time be wasted trying to educate those who hate common sense and freedom? Anyone else deserves a chance to voice their opinions. When it comes to those two-legged ‘things,’ Raggs, they
    willingly surrendered their rights when they volunteered to help destroy America.


Sign Up For Personal Liberty Digest™!

PL Badge

Welcome to,
America's #1 Source for Libertarian News!

To join our group of freedom-loving individuals and to get alerts as well as late-breaking conservative news from Personal Liberty Digest™...

Privacy PolicyYou can opt out at any time. We protect your information like a mother hen. We will not sell or rent your email address to anyone for any reason.