Saturday, October 26, 2013

Legalized Extortion

'Extortion': Schweizer Says DC 'Just Like the Mob, Except It's Legal': "Peter Schweizer argued that Washington's political establishment creates threatening bills to scare wealthy interests into making big campaign donations and to hire favored lobbyists, similar to the mafia's tactic of requiring "protection money" on Friday. Schweizer, President of the Government Accountability Institute and Breitbart News Senior Editor-at-Large, argued that point during a Friday Yahoo! Finance appearance discussing his new book, Extortion: How Politicians Extract Your Money, Buy Votes, and Line Their Own Pockets. Washington, D.C. runs "just like the mob, except it's legal," said Schweizer. "If problems are being solved, if things are going smoothly and things are being fixed, a lot of people are not going to give. The party establishments and the political leaders from both sides are collaborating a lot more than they let on," explained Schweizer."

Why do you think that big insurance and big pharma eventually ended up paying for Obamafail's political ads and messaging to pressure for its adoption?  Because they turned the threats from the politicians into a crony opportunity to line their own pockets with inflated payments from consumers that they couldn't get otherwise.  Full price pharmaceuticals and bloated and ever inflating insurance prices paid for out of the Treasury when -- as always -- the "consumer" can no longer afford them?  Where do we sign up?

Oh.  And when I say "paid for out of the Treasury" I mean they get the newly printed Fed money first and then it trickles down to you.  If at all.

Just remember that there's no inflation.  Never mind that everything you own is going down while everything you need to buy -- did I forget to mention Obamafail? -- is going up.

UPDATE: My bad. The interview is well worth the five minutes: