Timothy P. Carney on "Obamanomics": Crony Capitalism as Progressive Reform

In his new book Obamanomics: How Barack Obama is Bankrupting You and Enriching His Wall Street Friends, Corporate Lobbyists, and Union Bosses, Timothy P. Carney explains that Barack Obama's "progressive" rhetoric masks good old-fashioned crony capitalism, in which the favored few and politcally well-connected get all sorts of benefits paid for with public dollars.

Whether the area is Wall Street, health care reform, union organizing, or K Street lobbying, the same pattern is everywhere: using the government's power to distribute goodies and rig markets.

A columnist at the Washington Examiner and a non-partisan reporter, Carney also lays into the Republican Party for its massive contribution to the problem when it wielded power.

Carney provides a game plan to take the country back and restore truly free markets that will benefit everyone.

Reason.tv's Nick Gillespie interviewed Carney in December 2009. Shot by Dan Hayes and Meredith Bragg; edited by Bragg.

Go to http://reason.tv for downloadable versions. Approximately 9 minutes.