DEREK HUNTER ON CRONY CAPITALISM: “Current scandals aside, when the history of the Obama Administration is written the topic of crony capitalism will need a section to itself. From the high profile failures of green energy projects to the bailouts of Wall Street and Detroit, handing out taxpayer dollars to private industry is a hallmark of the president’s economic policy. But President Obama is not alone responsible for approving these giveaways. Congress has played a critical role, especially when it comes to subsidies to Hollywood and the recording industry.” Yes.