Is this crony capitalism? Is this Adam Smith's (the founder of Free Market economics) vision of what job creation should look like?
Is this taking taxpayer dollars from one set of people and giving it to others? Does this create an unfair advantage for some business over other businesses in the same state?
Let's say that some governor in Nebraska wanted to take x amount of taxpayer dollars and these taxpayer dollars were to go to create jobs and that money came from the taxpayer dollars of other business owners who didn't get the same sort of deal would it be acceptable to support this?
What say you?
Cruz in 2016!
What say you?
What say you?
What say you?
What say you?
With the Clinton’s we call it influence peddling. With Walker it is basically the same except he is paying for political support with tax payer dollars. Apparently he has been doing this for some time.
I kmew that he had given certain unions a Pass, for instance Public Sector Unions that supported his election, but this is really getting Clintonesque.
Thanks for bringing it to our attention and for your very thoughtful comments.
>> dozens of ways in which the new agency was breaking the law. ...
Naturally, the govt is immune from such scrutiny and charges.
Markets don’t fail. Statists fail.
Hmmm. Government fails as a free market impostor. Words fail me.
If taxpayer money was involved it’s neither private nor free market.
L
All of these economic development agencies/departments/offices etc are corporate welfare.
Ours in Michigan (MEDC) is fixin to collapse in the face of our road funding crisis.
I read somewhere that the problems stem from procedures set in place before Walker privatized it, but he didn’t do anything to change how it worked.
AUSTIN, Texas (AP) — Republican Gov. Greg Abbott began dismantling a flagship initiative of his predecessor Thursday, saying he will abolish Rick Perry’s pet program that gave $200 million in taxpayer dollars to Texas startups and was beset by bankruptcies and questionable claims of success.The decision was not surprising. Abbott signaled throughout his campaign that the Texas Emerging Technology Fund troubled him ideologically, but problems with the decade-old program ran deeper than new Republican distaste for governments “picking winners and losers” in the private sector.
Texas lost tens of millions of dollars investing in failed high-risk startups and the fund’s inner workings were largely kept from public view. An Associated Press investigation last year revealed undisclosed troubles with state-funded companies that had stagnated, didn’t file tax reports and made questionable job-creation claims.
continued here http://kxan.com/2015/01/29/abbott-seeks-to-end-emerging-technology-fund/
Well, duh.
A good capitalist would seek and obtain across the board tax cuts and deregulation.
Applying equally to all, not just those in position to buy favors.
Jeb Bush “privatized” the department my workout buddy is employed by. Instead of laying off the state workers they made them all supervisors of the private employees now doing their old jobs. His job is to listen into their telephone conversations and rate them. He said, “Nobody knows if I do my job and apparently nobody cares.” Amazingly, it did get cheaper, he thinks that as people retire they aren’t replaced and that’s where the savings comes in.
I was working in private industry and he in the government when PC’s came in and the typing pool existed. Honeywell laid off all the typists within a month. My state buddy said that the typing pool employees stayed on for years with many of them reading novels at their desks. They either found other work or retired.
This is how government works.
The author, Mary Bottari, writes for The Nation, The Huffington Post and tweeted today in favor of the Robin Hood Tax.
These people know as much about free markets as ISIS knows about First Communion.
But, it is always nice when FReepers post this tripe, doing the dirty work of their liberal masters.
Maybe when Mary Bottari writes an article about Ted Cruz’s Golman Sachs wife, we can post it as PROOF that Ted is unsuitable for office.
Weak-minded fools, like the original poster and many others posting here, would believe it.
I know nothing about this program and would not trust this particular source as to the reporting of fact.
But I *do* know, based upon the governments own figures, that less than 30% of any welfare dollar ends up in the hands of welfare recipients. The balance is spent in administrative costs. Nobody who accuses the government of tremendous waste based upon those numbers is listened to, to any extent. There is lots of blame cast at “welfare cheats” and of course, then the topic gets changed to how racist the person is who made such a horrific accusation.
The whole notion of the government “creating jobs” is code for some cadre of priveleged insiders gaming the system, and I wish it wasn’t the point of departure of any serious discussion about anything on FR. It isn’t. It’s a fiction.
You are mistaken if you think you are helping Cruz with this post.