I’m Changing My Name to Chrysler
Performed by Arlo Guthrie. Lyrics by Tom Paxton.
“Corporate welfare-the enormous and myriad subsidies, bailouts, giveaways, tax loopholes, debt revocations, loan guarantees, discounted insurance and other benefits conferred by government on business-is a function of political corruption. Corporate welfare programs siphon funds from appropriate public investments, subsidize companies ripping minerals from federal lands, enable pharmaceutical companies to gouge consumers, perpetuate anti-competitive oligopolistic markets, injure our national security, and weaken our democracy.” – Ralph Nader in “Cutting Corporate Welfare.”
Thanks to Roger Baker / The Rag Blog
I’ve loved this tune for years, but how sad that it is once again spot on with regard to actual govt. practices.