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    Who are the NERD fund donors Mr Snyder?

    Raise the curtain.

    Crony Capitalism

    By JGillman, Section News
    Posted on Fri Oct 19, 2012 at 10:23:22 AM EST
    Tags: Michigan, Cronyism, LG CHEM, Taxpayer Abuse, Jobs, Card Playing, Economic Development (all tags)

    Its one of those emerging truisms; Government ought not be involved, interfere, or invest in business.

    It never seems to end well.

    LG Chem which promised 300 jobs, received a $150,000,000.00 Fed grant, $7,000,000. more in fed paid training and $700k in health coverage, has bored employees.  The employees, which might have been present at the federally funded $500,000.00 groundbreaking with special guest Barack Obama might need to hang around a little longer so that Michigan can cough up its promise of $125,000,000.00 in credits as well.

    A little report worth watching.

    A year from now this plant will be empty.

    Just watch.

    < Weekend Divertere: Romney and Obama Swap Zingers at 2012 Al Smith Dinner | Proposal 5 and Article V, Section 18 is Marriage Made in Heaven for Michigan >

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    So, the Lucky GoldStar chaebol thank... (none / 0) (#1)
    by Corinthian Scales on Fri Oct 19, 2012 at 02:35:44 PM EST
    ...dumb American.

    The 53% now pays for already subsidized labor at feel good non-profit orgs.

    Yup.  Eric Blair would say that all is going swell on the Animal Farm.

    WOTV is reporting (none / 0) (#2)
    by LookingforReagan on Sat Oct 20, 2012 at 01:01:02 PM EST
    That the employee's at the plant in Holland worked very hard. Each day was a challenge of playing games, watching movies and generally doing nothing. Not one battery was produced for the Government Motors Dolt which the plant was built for to begin with. Money wise national media is reporting that the Obama Regime funded this bust at $249.1 million, the Czarina kicked in another $140 million in Michigan taxpayer extorted cash and for some reason the land of the Drunken Kennedy's donated another $104 million. Serious money in anybodies neck of the woods. This gives an example of how far out of whack this country has gotten. When government has to bribe people to get involved in any industry and bribe consumers to buy the junk products that should be a clue that it doesn't work and isn't worth squat. This isn't governments roll or job. We'll see what kind of reset we get from Mitt. But I doubt we will see what is really needed from either party. Especially not from Dear Leader and his criminal Regime.

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