[quote=markmax33]
I thought one of the most educational points of the night was when Ron Paul described the difference between Crony Capitalism and real capitalism. I never thought of it this way but he was dead on. Companies that get rich from GOV bailouts, fed bailouts, sweetheart GOV contracts, etc are crony capitalism. Real capitalism is when Steve Jobs creates something unique for the market place and they love it. Real capitalism is when Starbucks started up from nothing, etc.[/quote]
What do you call it when Rand Paul stands in the way of regulation of the oil and gas industry that would save people’s lives?
A senator who opposes federal regulation on philosophical grounds is single-handedly blocking legislation that would strengthen safety rules for oil and gas pipelines, a bill that even the pipeline industry and companies in his own state support. Republican Sen. Rand Paul’s opposition to the bill hasn’t wavered even after a gas pipeline rupture last week shook people awake in three counties in his home state of Kentucky.
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A deadly gas pipeline explosion near San Francisco last year — along with other recent gas explosions and oil pipeline spills — has created consensus in Congress, as well as in the industry, that there are gaps in federal safety regulations.
