Stossel - 2010, January 14, Thursday
"Crony Capitalism"
Fox Business Network
Xvid/MP3 AVI
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[excerpted from John's blog]
January 15, 2010 12:14 PM EST by John Stossel
"John Stossel is a paranoid, insane, lying hypocrite."
“Crony Capitalism†re-airs tonight at 10pm EST, so if you missed it you can see what got some people so mad.
I discussed the many examples where Big Business has used the clout of Big Government to get special privileges or protect themselves from competition.
My first example was a little window company, Serious Materials, who got an unusual amount of presidential praise and special favors – including a recent ‘green’ tax credit. Not everyone was happy to see this story.
Mary Madigan: "I watch your show, but frankly I think this story is pathetic. John, you are getting too close to […] Sensational Journalism. I’m seeing a story where there is no real story."
Michael: "This is lazy, sound bite journalism of the worst kind. If there is story there, go find the FACTS, and tell us!"
Fortunately, most people liked the show:
Liberty Lover: "John, Great show, just like the other ones. Keep up the good work. I like how you maintain your political independence: criticize lawmakers of both parties when they commit such stupidity…"
Capt. Karl: "Mr. Stossel, GREAT JOB on this vital subject matter tonight! Thank you"
Some viewers suggested alternative titles for the topic – “mercantilism,†“socialism,†and “corporatismâ€. My wife wanted me to call it the “un-free market.†None of those seemed as clear to me as crony capitalism, so I choose that.
The show will also re-air Saturday at 7pm EST, and Sunday at 11pm.