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By JGillman, Section News
Taxes paid into the crony capitalist federal bureaucracy, as well as into our own state coffers gave an assist to a tech transfer to a competing nation.
The MEDC usually has simple results of failure, highlighted by jobs claims not materializing, eventual bankruptcies, and occasionally giving our money away to fraudsters. Channeling the zen masters in Lansing's sacred halls of executive investing excellence, it provides a leg up to those who know how to play the system for their advantage over other businesses. Countless photo opportunities for politicians who 'bring home the bacon' can be counted on, as long as the MEDC efforts are funded with millions of our hard earned dollars. Photo ops equal exposure, equals career doors opening for friends and family, and through the entire process equals some serious bling for those actively participating in its promotion.
Picking winners has never been so lucrative.
This time its potentially more dangerous. Last year, after my failed bid in the Republican primary, I produced a radio spot which predicted the A123 situation's end quite accurately.
(2 comments, 736 words in story) Full Story
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