Special interest groups and favored companies are nothing new to Washington D.C. but their prevalence and power has dramatically increased in the past four or so years. To be fair, “our father” Obama didn’t invent this, but he certainly has owned it. Tax loopholes, bailouts, tax credits and corporate handouts have raided our nation’s piggy bank. D.C. has gone through more money than a Kardashian on opening night of a new Vegas nightclub.
Most disheartening is this collusion of big business and big government, picking winners and losers. Fading fast is our free market economy. Competition is dying.
FreedomWorks, a grassroots organization that enlists volunteer activists to “fight for less government, lower taxes, and more freedom”, has been actively fighting against this union of corporate/government alliances.
“Individual liberty and the freedom to compete increases consumer choices” and gives people the “greatest control over what they earn and own”, is a belief that FreedomWorks lives by.
One of the most influential of these Armani-clad beggars is General Electric. The company was awarded 47 grants and almost $100 million. It is also benefiting from 2 tax loopholes, wind production and cap and trade.
Tom Borelli and his wife, Deneen Borelli, are Conservative activists and are also shareholders at General Electric. They recently spoke at the GE April meeting.
Borelli asked CEO of GE, Jeff Immelt, if he would return the stimulus money to the taxpayers.
“You have profited well, shouldn’t you give it back?” Borelli said. Immelt, who is also Chairman of President Obama’s Jobs and Competitiveness Council, turned off Borelli’s microphone and refused to answer the question. If you look at the transcript of the meeting at GE, Borelli’s comments say “inaudible”.
Deneen Borelli, activist and author of the book Blacklash, asked Immelt if he was in favor of a free market or a fixed market. Immelt refused a response on this question as well.
I talked to Mr. Borelli, who is also a Senior Fellow at FreedomWorks, about Market Freedom Project, which launched its first effort on April 24, 2013. The project’s goal is designed to apply grassroots pressure to companies that are seeking to profit through the government.
“General Electric is the poster child for everything that is wrong with big business,” Tom Borelli said.
There are ways we can make a difference and one way is we can become shareholders in companies, as the Borelli’s did. It allows us a voice to speak up–but as you can see even then you can be silenced, as was the case of Immelt turning off the microphones to questions he did not want to answer.
If you want to do something today, go to FreedomWorks petition and sign, Give it Back GE. There are many ways to get involved with FreedomWorks; check out their site and see where you fit in.
We should all learn from GE, and say “lights out” to out-of-control government handouts.