Thursday, March 22, 2012

Is Driving America Just a Sign of Crony Capitalism?



The Chrysler Corporation has engaged in a new marketing campaign which catches the eye.  During their TV ads, there is a chyron on the upper right hand part of the screen which shows a logo with their new tag line “Driving America”.  This catchy slogan reinforces the nation’s third largest automotive manufacturer while diminishing the fact that the Obama auto bailout facilitated Fiat’s controlling interest in the  Chrysler Corporation.

What is really remarkable, however, is the insignia for the “Driving America” campaign.  It looks like a kissing cousin of the Obama 2008 Campaign logo.  Was this just coincidence or was it coerced?  This is the problem with crony capitalism.  When money starts streaming from to government to corporations, there is the uncomfortable question about political payback.  Moreover, it gives the government leverage on corporations to offer products that are political pet projects that are turkeys in the marketplace, like the Chevy Volt.

Read More  at the DCBarroco website

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