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Crony capitalism

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Posted: Saturday, October 27, 2012 12:00 am | Updated: 11:52 am, Mon Jan 21, 2013.

Oct. 24, 2012

To the editor:

Let’s reflect on the disappointing state of the U.S. Congress. It is and has been for some time mired in gridlock, unable to act in the best interests of our country. This political morass is due primarily to extreme partisan politics; more simply put to the lack of bipartisan cooperation. The people of this country are fed up and nationally politicians are waking up to this so that there is encouraging talk on the national level about bipartisanship.

Not so here in Alaska. Gov. Parnell is actively working to dismantle and campaigning against the Senate bipartisan coalition. At the very time we need our leaders to put aside partisan politics, our governor is doing his best to work against those who dare to speak against his $2 billion tax break for the oil companies.

Gov. Wally Hickel, a very conservative governor, often expressed his belief that Alaska is an owner state, that Alaskans owned the resources. That’s “Alaskans,” not multinational corporate giants.

Oil companies are making record profits, and they operate in Alaska at above-average profit margins. Their tax rates in Alaska are reasonable; their profit margins are high. There is no reason other than crony capitalism to give them additional tax breaks.

Gov. Parnell and his cronies in the Legislature are selling Alaskans short and we should vote them out. I’ll be voting for Alaskan politicians who seek out bipartisan cooperation in the House and the Senate and against those who put party politics before their duty to their state and its citizens. I hope you do, too.

Don Pendergrast

Fairbanks

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