The phrase "corporate welfare" conjures a variety images. With our "Free Market" system, one might believe that corporate welfare wouldn't be an issue. After all, a true free market economy should be based strictly on a sink or swim mentality. Supposedly, the market place will enrich the businesses that are strong enough to make it and will weed out the ones that are not.
The tax breaks, loopholes, and direct subsidies given to the fossil fuel industry fly in the face of the Free Market belief system. Below is a ticker that is keeping track of the money that we would have been able to spend elsewhere had Congress voted differently earlier in May. The $113 billion is what's projected to be the welfare over the next 10 years that taxpayers will subsidize some of the most profitable companies in the history of the world. Wow, way to put the us in magnanimous!
To the faithful adherents of the Beneficent Order of the Free Market Economy (BOFME), the "Market" is believed to be infallible with divine god-like powers. The Market is never wrong. When it doesn't work out,
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