Posted on 04/12/2012 6:03:56 AM PDT by MichCapCon
The failure of high profile “green energy” firms with the loss of hundreds of millions of taxpayer dollars has made national headlines in recent months. Companies like Solyndra, Beacon Power and Solar Trust have become household names as a result. Less well-known are similar failures right here in Michigan, costing state taxpayers millions.
Ironically, the state government agency responsible for much of this waste has created a one-stop source documenting the hype and failed promises that have become the hallmark of such adventures. Michigan Advantage is the (now-defunct) YouTube channel for the Michigan Economic Development Corp. The intention is to promote state corporate welfare success stories, including subsidies for Hollywood film producers and “green energy” speculators. The reality is a playlist of crony capitalism failures.
(Excerpt) Read more at michigancapitolconfidential.com ...
Just slash all taxes and spending and be done with it.
If anyone wants on this Michigan Cap Con ping list, let me know.
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