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There are two kinds of companies who receive corporate welfare from Washington: successful businesses that don’t need it, and unsuccessful companies that don’t deserve it.
Everything else you hear from politicians when corporate welfare comes up – rhetoric about public-private partnerships, about matching Europe’s subsidies of foreign competitors – is a big shiny ball waved around to distract you from the truth that they are mortgaging our children’s and grandchildren’s future to subsidize the politically-connected.
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