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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
By JGillman, Section News
Folks, I have to tell you, we are in the wrong business. To heck with any kind of advancements in technology, going backward is where it's at.
In the as yet unfinished fight to produce vehicles that are 'green' and have little carbon footprint, our automakers have been encouraged by the administration to produce a slew of not-ready-for-prime-time electric cars that not only cost too much, but go about 40 miles tops, with engines that might be better suited towards kitchen blenders or hand held power tools. Michigan automakers have really gone to he!! in a hand basket.
I hold nothing against the volt, really. It serves the purpose of salving eco guilt for some, and might even have a future, but the failed efforts of the government to convince enough buyers through rebates and credits of $7,000.00 are a perfect example of why we do not let government types choose which products are best for us. The credits failed so miserably, that makers of the Chevy Volt are worried about the expiration of those credits after today.
I would be too. But..
(7 comments, 602 words in story) Full Story
External FeedsMetro/State News RSS from The Detroit News
+ Craig: Cushingberry tried twice to elude police, was given preferential treatment
+ Detroit police arrest man suspected of burning women with blowtorch
+ Fouts rips video as 'scurrilous,' defends Chicago trip with secretary
+ Wind, winter weather hammer state from Mackinac Bridge to southeast Mich.
+ Detroit Cass Tech QB Campbell expected to be released from custody Friday
+ New water rates range from -16% to +14%; see change by community
+ Detroit's bankruptcy gets controversial turn in new Honda ad
+ Royal Oak Twp., Highland Park in financial emergency, review panels find
+ Grosse Ile Twp. leads list of Michigan's 10 safest cities
+ Wayne Co. sex crimes backlog grows after funding feud idles Internet Crime Unit
+ Judge upholds 41-60 year sentence of man guilty in Detroit firefighter's death
+ Detroit man robbed, shot in alley on west side
+ Fire at Detroit motel forces evacuation of guests
+ Survivors recount Syrian war toll at Bloomfield Hills event
+ Blacks slain in Michigan at 3rd-highest rate in US
Politics RSS from The Detroit News
+ Apologetic Agema admits errors but won't resign
+ Snyder: Reform 'dumb' rules to allow more immigrants to work in Detroit
+ GOP leaders shorten presidential nominating season
+ Dems: Another 12,600 Michiganians lose extended jobless benefits
+ Mike Huckabee's comments on birth control gift for Dems
+ Granholm to co-chair pro-Clinton PAC for president
+ Republican panel approves tougher penalties for unauthorized early primary states
+ Michigan seeks visas to lure immigrants to Detroit
+ Peters raises $1M-plus for third straight quarter in Senate bid
+ Bill would let lawyers opt out of Michigan state bar
+ Michigan lawmakers launch more bills against sex trade
+ Balanced budget amendment initiative gets a jumpstart
+ Feds subpoena Christie's campaign, GOP
+ Poll: At Obama's 5-year point, few see a turnaround
+ Obama to release 2015 budget March 4
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