Cronyism refers to the favorable treatment of friends and associates in the distribution of resources and positions, regardless of their objective qualifications.
I was looking at the most search terms on google and notice that Cronyism was number 1.
It was apparently used in a speech that Bill Clinton gave in Denver Wednesday the 27th.
He said in his speech “Clearly, the job of the next president is to rebuild the American dream and restore America’s leadership in the world,” Clinton said. “Everything I have learned in my eight years as president and in the work I’ve done since, in America and across the globe, has convinced me that Barack Obama is the man for this job.”
A parade of Republicans have peppered Obama with criticism this week, arguing he lacks the experience to lead the country. Clinton listed failures of the Bush administration, from falling wages to rising health care costs, stretching the military and the legacy of Katrina and cronyism.
I don’t understand what is being said there with that last sentence. The definition makes cronyism sound like a good thing, a sharing or resources for the betterment of everyone, but there in that last sentence it makes it sound like a bad thing.
If anyone can clear it up, please leave a comment below.