Crony Capitalism and Obama's Anti-Coal Crusade

Barack Obama has long sought to bankrupt the coal industry. But, Cook County politician that he is and always will be, the relevant question is: who benefits from his plans wreck a major portion of our economy while also boosting electricity prices across America? A clue: he and his pals from Chicago have incestuous ties to the one company whose prospects will be boosted by Obama's policies. ... From the Tribune article: One company that expects to benefit from the changes is Chicago-based Exelon Corp., which has a large fleet of nuclear power plants that have low emissions and are cheap to run compared with coal plants.... What political figures close to Barack Obama have long ties to Exelon? David Axlerod, Obama's campaign strategist and chief domestic policy adviser (who had the office closest to the Oval one before he left the White House to return to the 2012 campaign trail), has reaped quite a few rewards from doing business with Commonwealth Edison, which became part of the Exelon octopus through corporate mergers... There are the legions of investors in green schemes who are Obama supporters and whose uneconomic projects can only succeed through government arm-twisting (an Obama talent). ... For history buffs, Com Ed at one time was headed by Tom Ayers, a power broker par excellence in Chicago. Ayers was the father of Bill Ayers....