Tag Archives | corporate welfare

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Biden, Our Boneheaded Chip Czar

Libertarian Institute, November 2, 2022 Biden, Our Boneheaded Chip Czar by Jim Bovard Jubilation erupted in Washington this summer as politicians lurched towards commandeering a key swath of the American economy. Congress passed Biden-backed legislation known as the Chip Act to spend $52 billion subsidizing semiconductor production. A Washington Post headline hailed “a big month […]

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CP: Peanuts Prove Congress is Incorrigible

COUNTERPUNCH, March 29, 2017 Peanuts Prove Congress is Incorrigible by James Bovard The history of federal peanut policy illustrates why Congress could never competently manage a lemonade stand. The feds sabotage farmer productivity, screw consumers, and sow chaos around the world – all for campaign contributions. Federal spending for peanut subsidies has increased eightfold since […]

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