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By JGillman, Section News
Well, its just time to break out the old cartoon again.
A Republican, Rick Snyder, is the father of the MEDC. It was his baby, and lest anyone forget, it was created under the Republican Engler administration. The MEDC, which has yet to produce a model that definitively demonstrates taking taxpayer funds, then giving those funds to hand picked "winners" produces net economic growth in our state. The MEDC which essentially could be called a taxpayer funded venture capital scam.
The MEDC's MEGA, The state of Michigan through Tax Breaks, and the DOE, which gave us that "success story" A123 systems.:
"When A123 Systems announced it was opening its lithium-ion battery manufacturing plant in Livonia in September 2010, then Gov. Jennifer Granholm wrote about it on the Huffington Post calling it "a Recovery Act success story."
Yeah, that's a winner.
In fact doing so well, taxpayers should be happy to know that the top brass in the company thanks them for providing a generous raise.
But wait, I was talking about Republicans right? Right. - Below the fold.
(4 comments, 1158 words in story) Full Story
External FeedsMetro/State News RSS from The Detroit News
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