Mar 28, 2015 0
from the Wall Street Journal, Clinton Cronyism
For those who have followed the Clintons, this is the latest chapter in an old story. Only weeks ago we learned how foreign governments made donations to the family foundation while Mrs. Clinton was Secretary of State. Even her son-in-law is taking to the family way of doing business, with his hedge fund now benefitting from big investments by the Wall Street friends of Bill and Hillary.
Then again, is anyone really surprised? This is the same woman who as first lady of Arkansas managed to turn a $1,000 investment in cattle futures into $100,000 over 10 months with an assist from some friends.
Liberals like Mrs. Clinton typically berate tea partiers and conservatives for denigrating government. But if American trust in government is at historic lows, this may have something to do with the sight of a Beltway where people become fabulously wealthy not by bringing some superior product or service to market but by cashing in on their political connections.
The Clintons didn’t invent crony capitalism. But when it comes to exploiting government for private gain, nobody does it better.