Crony Capitalism Gone Wild: Duke Energy CEO Backs President Obama

By Tom Borelli

Duke Energy CEO Jim Rogers sets a new standard for crony capitalism. While the vast majority of crony capitalists are pragmatic businessmen who pursue a partnership with President Obama for purely financial reasons, Rogers is a different breed.

Most CEOs are political agnostics and see cronyism as a shortcut to bypass the competitive free enterprise system to a pot of gold. These business executives walk a political tight rope, trying to balance the benefits of political favors against the risk of drawing media scrutiny and controversy of looting the public treasury.

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For Jim Rogers, passion for progressive politics appears as great as being a CEO and making money.

Please read the entire commentary at Townhall.com.