Crony Capitalism Express : Dianne Feinstein’s California high-speed bullet train is completely exempted from federal regulatory oversight.

It certainly pays to know the right people. It pays big-time. As we all know, DiFi is a renowned crusader against Big Government and excessive regulations, right? I think ruder people call her a crazy Tea Party extremist, don’t they? She has complete contempt for any sort of regulations; she’s all money-influenced and pro-business and new construction at any cost, eh? I heard she had a concealed weapon permit. What a right-wing gun-nut.

So, a mere matter of weeks after being initially excluded from the bidding process completely, a second magical thing happened to DiFi’s husbands’ former company. Lightning does indeed strike twice!

The first miracle was the Lazarus-like reincarnation of Tutor Perini during the bidding process after initially failing. After falling at the first hurdle, the lame blind DiFi/Blum/Tutor horse was diverted from the glue factory and helpfully prodded back towards the finishing line of the race. Those pesky technical bidding rules were altered when they failed to produce the desired Nomenklatura outcome. Happily, after changing the rules, the correct Nomenklatura candidate was chosen.

In Soviet California, expensive railway bidding process submits application to you !

If any rules conspire against the process of the ruling oligarchy enriching itself even further – well, it’s pretty handy if those same oligarchs control the entire government apparatus.

The second miracle is the (as of today) complete absence of any oversight. Let’s just simply bulldoze mountains of California (and federal) taxpayer money straight into the bank accounts of DiFi’s cronies.

For the admittedly now-tiny minority of Californians still capable of critical thought, all sorts of alarm bells are going off.  Let’s think back to Solyndra. Not so long ago. Same politician. Same state. Same president. Same “Green Energy” roofie slipped into the electorate’s drink. (“Mmm … Tastes like environmentally-friendly Kool-Aid!”)

In Solyndra’s case, it required Oklahoma oil billionaire George Kaiser (Gasp! Big Oil!) being a top 2008 campaign bundler for Infallible Chocolate Jesus in order to get the “loan” approved (plus 20 visits to the Obama White House, and the participation of, inevitably, Goldman Sachs). But extra machinations were still needed – like tactically inserting another top Obama bundler (Steve Spinner) as an advisor to Energy Secretary Steven Chu and charging him with “helping” oversee the loan guarantee program ….. and it probably helped that Spinner’s wife’s law firm represented Solyndra to the tune of $2.4m in federal funds for legal fees related to the Solyndra loan guarantee. In Solyndra’s case, the loan was “fast-tracked” before all due diligence was completed (and due to its economic fruit fly lifespan, died expensively even before some very valid questions could be raised).

Unbeknownst to anyone who relies on the California lapdog media for any real information, over $261 million of the $528 million Solyndra taxpayer dollars that were incinerated up into money heaven back then were received … by a subsidiary of Tutor
Perini, controlled formerly controlled by Richard Blum. At the time, California’s servile lapdog media were heroic in their non-coverage of the story, or indeed of acknowledging any financial link whatsoever to Mommy Warbucks or FeinBlumStein’s Monster, and the same pattern is now being dutifully repeated. (“Good media lapdog. Now give all your metadata to the government. Ha ha. We’re just kidding – we already have it. Who’s a good boy? Who gives endorsements even after they get abused? What a good boy!”)

The success of the Solyndra “keep it in the family” business model may have actually inspired FeinBlumStein’s fiscal monster to aim for even more expensive projects.

To DiFi’s credit, her innovative business model actually completely cuts out the pesky lobbyist/campaign bundler middleman. Just marry the crony capitalist instead. I believe Beyoncé paraphrased this with “Single Female Politicians (Get the Crony Capitalists to Put a Ring on It)”. Imagine Barack Obama gay-marrying Goldman Sach’s Lloyd Blankfein and you might begin to grasp the immense destructive financial power that such a union is capable of inflicting on the US taxpayer.

Updated 27 Nov 13 : Blum no longer controls Tutor Perini (he maintains a small stake) so the association is much more along the lines of Dick Cheney and Halliburton – CEO resigns shortly before former company receives massive government contracts for questionable taxpayer-funded project.

 

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