To end corporate welfare effectively means no more Republican Party. They live and breath corporate welfare. They personify it. They live it. They are it. It is a Party of corruption so complete that it staggers the mind to try and wrap all the way around it.
From CBS news 2010:
"While the economy has generally faltered over the past two years, congressional members actually saw their collective personal wealth increase by more than 16 percent between 2008 and 2009, according to the study, which analyzed financial disclosure data released earlier this year.
As many as 55 members had an average calculated wealth of $10 million or more in 2009, according to the Center.
According to the Center's estimates, the wealthiest member of Congress is Rep. Darrell Issa (
R-Calif.), whose holdings exceed $303.5 million. Rep Jane Harman (
D-Calif.) is close behind with $293.4 million, and Sen. John Kerry (
D-Mass.) rounds out the top three at $238.8 million.
Members of Congress are only required to report their wealth and liabilities in broad ranges, so the Center calculated each member's average estimated wealth by determining the minimum and maximum value of their assets. Additionally, federal financial disclosures don't require members of Congress to report certain assets such as personal residences.
The list of Congress' wealthiest members is bipartisan. In the House, five Democrats and five Republicans make up the 10 wealthiest members, while in the Senate, six Democrats and four Republicans make up the top 10.
The median wealth of a House member in 2009 stood at $765,010, while the median wealth for a senator in 2009 was nearly $2.38 million.
Members of the House and Senate made investments last year in a number of companies that have a strong presence on Capitol Hill, spending large sums on lobbying efforts and political donations. The most popular company among members of Congress, CRP found, was General Electric, in which 82 current members invested. The second most popular company was Bank of America, which 63 members invested in."
President Obama hired Jeffery Immelt (General Electric Chairman) to head the post of President’s Council on Jobs and Competitiveness.
From Forbes.com: "his company (GE) invests some of its resources abroad and, despite worldwide profits of $14.2 billion, paid no taxes in 2010." "GE is a major player in several industries that President Obama has been promoting as part of his administration’s cocksure embrace of industrial policy."
Tim Carney reports in the DC Examiner: First, there’s the policy overlap: Obama wants cap-and-trade, GE wants cap-and-trade. Obama subsidizes embryonic stem-cell research, GE launches an embryonic stem-cell business. Obama calls for rail subsidies, GE hires Linda Daschle [wife of former South Dakota Senator and Obama confidante Tom Dachle] (
D-SD) as a rail lobbyist. Obama gives a speeeh, GE employee Chris Matthews feels a thrill up his leg. I could go on. Look at any major Obama policy initiative — healthcare reform, climate-change regulation, embryonic stem-cell research, infrastructure stimulus, electrical transmission smart-grids — and you’ll find GE has set up shop, angling for a way to pocket government handouts, gain business through mandates, or profit from government regulation."
I could list hundreds of like stories on either side. So your statements make no logical sense to me. The government is equally corrupt.