Palin: Carrier-Trump deal smells like 'crony capitalism'
(Washington Examiner) Trump surrogate Sarah Palin argued in a Friday op-ed that President-elect Trump's negotiations with the Carrier company may be nothing else than "crony capitalism."
Carrier announced this week it would not outsource 1,100 Indiana jobs to Mexico due to talks with the incoming president, who assured the company he was going to make it worthwhile for corporations to keep jobs in America. But Palin, who is reportedly being considered for secretary of veterans affairs or interior, appears to be at odds with Trump's recent business decision.
"We don't yet know terms of the public/private deal that was cut to make the company stay, but let's hope every business is equally incentivized to keep Americans working in America," Palin wrote in the Young Conservatives op-ed. "Foundational to our exceptional nation's sacred private property rights, a business must have freedom to locate where it wishes. In a free market, if a business makes a mistake (including a marketing mistake that perhaps Carrier executives made), threatening to move elsewhere claiming efficiency's sake, then the market's invisible hand punishes."
"When government steps in arbitrarily with individual subsidies, favoring one business over others, it sets inconsistent, unfair, illogical precedent. Meanwhile, the invisible hand that best orchestrates a free people's free enterprise system gets amputated. Then, special interests creep in and manipulate markets. Republicans oppose this, remember? Instead, we support competition on a level playing field, remember?" Palin added. "Because we know special interest crony capitalism is one big fail."
The former Alaska governor said the Trump administration needs to follow the example set by Ronald Reagan's, which relied on policy to change the economy, not deals with individual companies who threaten to pull jobs out of the country. Palin said she is optimistic Trump's team knows the federal government should not incentivize individual businesses despite the $7 million in tax subsidies the state of Indiana has offered Carrier over the next decade.
"Gotta' have faith the Trump team knows all this. And I'll be the first to acknowledge concerns over a deal cut by leveraging taxpayer interests to make a manufacturer stay put are unfounded — once terms are made public," Palin concluded.
http://www.washingtonexaminer.com/palin-carrier-trump-deal-smells-like-crony-capitalism/article/2608771
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