“So extreme is the President’s corporatism that he is finding more genuine conservative groups taking sharp issue with his policies. In a little reported evolution that may change the future complexion of American politics, organizations that call themselves conservative populists are teaming up with their progressive counterparts to oppose corporate bailouts. Last year this coalition defeated the breeder reactor boondoggle- a high _________ priority. In _____, it nearly defeated the legislation regarding the Alaska gas pipeline that would coerce consumers into paying for the pipeline even if the project isn’t completed and consumers did not receive any natural gas. The synfuel industry’s welfare project is under similar pressure, though its predicted mismanagement and awful economics appear to be self-dismantling. This new coalition put up a strong fight against the _______-ite bailout of the big U.S. banks that made such imprudent loans at skyhigh interest rates to foreign countries. ________, who spent years lecturing around the country from General Electric on the virtues of sink or swim free enterprise, has become the most prominent advocate of big business bailouts in American history.
If this all goes against his philosophic grain, it demonstrates the contrary power of giant business over his government. His formerly strong belief in states’ rights is surrendered when companies want his backing for a weaker federal law replacing the adaptable common law in the fifty states that gives people injured by dangerous products rights to sue and recover compensation from manufacturers. It is surrendered when the banks demand that his agencies preempt stronger state regulations designed to protect depositors and borrowers. It is surrendered again when the nuclear industry wants him to strip state and local governments of their police power over the transportation of radioactive materials through their communities. Corporatizing the ex-conservative _________ __________ is a routine matter these days, even when Wall Street’s economic and tax policy demands result in placing Main Street, with its small businesses, at a comparative disadvantage.”
Ralph Nader “On the corporate state and the corporatizing of America”