Lawmakers: Trump officials overruled Pentagon on $700M pandemic loan for trucking firm
AxiosAPR 2022
Yellow Corp. executives acknowledged having a "hand in the cookie jar" when they were awarded this egregious loan package. It's further testament to the cronyism that characterized the Trump administration as well as its reckless disregard for taxpayer dollars.
The report's allegations are not only unsubstantiated, but politically motivated. It's clear that Pentagon staff were going to recommend Yellow's eligibility before discovering a federal lawsuit against the company. Claims made by a Democratic-led House Select Subcommittee against Yellow and the practices of the Trump administration are baseless.
This is just the latest example of how corporate lobbying has increasingly come to overwhelm every other countervailing force in American politics. The decline in labor unions and public interest groups has enabled an ever narrower and wealthier elite to proactively control central politics across different administrations.