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GE, Buffett, Obama, bailouts, subsidies, and profits

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Imagine a billionaire fundraiser for George W. Bush investing $3 billion in a multinational corporation run by a Bush appointee. Then imagine that multinational rakes in billions in subsidies, tax credits, loan guarantees, and bailout funds. And then W’s billionaire fundraiser makes bank as the multinational corporation sees a tripling of its stock price. You might suspect cronyism, no? Well,...

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