Posted in Political Issues, tagged crony capitalism, President Obama, Production Tax Credit, PTC, Sprint, Starbucks, Symantec, tax subsidy, wind credits, wind energy tax credits, Yahoo on September 25, 2012 |
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Just more of Obama’s crony capitalism where he takes YOUR money and REDISTRIBUTES it to his campaign donors.
A wind energy tax creditchampioned by President Barack Obama will benefit financially a group of large American corporations that have donated overwhelmingly to Democratic candidates and committees.
Last week a group of 19 non-energy sector businesses—including Yahoo!, Starbucks, Symantec, and Sprint—sent a letter to congressional leaders urging them to extend the Production Tax Credit (PTC), a $1 billion tax subsidy for wind energy set to expire at the end of the year.
“We are concerned that allowing the PTC to expire will immediately raise prices for the renewable electricity we buy today,” the letter states. “…Failure to extend the PTC for wind would tax our companies and thousands of others like us that purchase significant amounts of renewable energy and hurt our bottom lines at a time when the economy is struggling to recovery.”
A review of the companies’ political contributions reveals a strong preference for Obama and the Democratic Party.
The 19 businesses and their employees have given a combined $240,648 to Obama’s campaign this cycle, compared with $83,875 given to Republican candidate Mitt Romney. They have contributed about $7.3 million to Democratic candidates and committees since 2008, compared with roughly $4.5 million given to Republicans.
Yahoo! is one of the group’s largest contributors to Obama and Democrats, having donated more than $985,000 to Democrats since 2008 and more than $44,000 to Obama’s reelection campaign.
The company, its employees, and political action committee (PAC) have given $261,00 to Republicans and just $8,000 to Romney.
Newly appointed Yahoo! CEO Marissa Mayer is a prominent campaign bundler for the president, having raised more than $112,000 for the current cycle and $386,000 since 2007.
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Posted in Political Issues, tagged AT&T, Comcast, FaceBook, FCC, Federal Communications Commission, free press, George Soros, Google, Google General Counsel David Drummond, net-neutrality, President Obama, Robert McChesney, Sprint, Verizon on March 2, 2012 |
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Just another story about a George Soros backed group influencing the Obama White House.
From the DC:
The lobby group Free Press, a self-styled “public interest” organization, has worked hard over the years to forge alliances with corporate players and federal bureaucrats directly involved in the political intrigues of DC technology and media policy.
Documents made public through past Freedom of Information Act requests and those obtained by The Daily Caller through an undisclosed source reveal a well-funded, ideologically motivated organization with close ties to Google, the White House, and several federal agencies, including the Federal Communications Commission, the Federal Trade Commission and the State Department.
The regulatory policies Free Press advocates, including net neutrality, benefit the organization’s corporate allies, in addition to the investment portfolios of philanthropists including the group’s most well-known financier, George Soros.
The net neutrality debate was largely one about how to best solve the dilemma of meeting continually increasing consumer demand for the data-intensive services of corporations like Google and Facebook. That growing demand for online bandwidth developed in parallel with the communications technology industry’s own problem: the ever-decreasing supply of available electromagnetic spectrum to license to Internet providers like AT&T, Verizon, Comcast and Sprint.
The ideological rhetoric of political players on both sides of the debate, however, seemed to force consumers and bureaucrats to choose between free speech and free markets.
John Fund, the senior editor of the conservative American Spectator, explained in a 2010 Wall Street Journal column that the concept of net neutrality was birthed as part of a well-funded and intentional effort by a network of liberal foundations, and that Free Press co-founder Robert McChesney’s “ultimate goal” — as stated in a 2009 interview on the Canadian socialist website SocialistProject – was to “get rid of the media capitalists in the phone and cable companies and to divest them from control.”
The policy coordination between McChesney’s group and Google can physically be traced back as early as March 2009. Free Press co-founder and former president Josh Silver had sent out a memo, obtained by TheDC, an invitation to the home of Google General Counsel David Drummond — which advertised a reception where attendees would discuss all things related to the Internet policy of the new Obama Administration:
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