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    Who are the NERD fund donors Mr Snyder?

    Raise the curtain.

    Michigan Gubernatorial Candidate Snyder Advocates Government Picking Economic Winners And Losers


    By steve, Section News
    Posted on Tue Aug 31, 2010 at 10:10:09 PM EST
    Tags: Snyder, Granholm, policy (all tags)

    ~ Promoted for good argument ~

    I'm sure glad Michigan has Rick Snyder as our Republican candidate for Governor. If we are fortunate enough to have the 'Tough Nerd' at the helm of the State, we can make a clean break from the failed economic policies of the worst Governor in America, Jennifer Granholm...

    Well....Actually Snyder is planning on continuing Granhom's flawed policy of advocating 'advance battery' manufacturing over other industries. Via MLive:
    Bayer's 400-acre chemical park development is the future home of fortu PowerCell, a $623 million, 734-job advanced battery plant planned by a Swiss-German startup company. Groundbreaking for the initial 100,000-square-foot manufacturing facility is expected in April 2011.

    "Batteries are important to our future," said the Republican candidate, who faces the Democratic nominee, Lansing Mayor Virg Bernero, in the Nov. 2 general election. "Our automotive industry is critical to the state."

    The fortu PowerCell development was brought to Muskegon Township in part by a special $100 million state battery tax credit that was supported earlier this year by Democratic Gov. Jennifer Granholm, the Republican-led Michigan Senate and Democratic-led House of Representatives.

    Several of the candidates in the Republican primary for governor opposed special tax breaks for certain industries as "picking winners and losers."

    Snyder's plan to "reinvent Michigan" includes reform of the Michigan Economic Development Corp., which hands out special incentives such as the battery tax credits.

    Snyder's campaign platform says such assistance needs to be results-oriented, transparent and in conjunction with general business-climate improvements in tax policy and state regulation. (emphasis added)


    For a supposed business expert, the "tough nerd" should understand that a government bureaucracy advocating one business over another is a recipe for economic disaster. You know, like the one we are in now. Furthermore, according to research the Mackinac Center has pulled together, the Michigan Economic Development Corp. has a poor track record creating jobs. Really poor.

    One other, and crucial question about those batteries, who is Snyder planing on selling those new advanced batteries to? I hope its not Toyota, because they are having a tough time selling the Prius in Japan due to the ending of their government's subsidies for hybrid vehicles.

    The Prius hybrid has spearheaded sales growth for Toyota Motor Corp. in Japan for more than a year, helped by government subsidies. The model will likely bear the brunt of plunging demand as the support ends.

    "A collapse in sales is unavoidable," said Hiromi Inoue, the new-car sales chief for Tokyo Toyopet Motor Sales Co. "The daily pace of orders for the Prius is already dropping. We are bracing ourselves for the coming crisis."

    The number of customers signing up to buy a Prius at Tokyo Toyopet's 66 showrooms has dropped to about eight a day from 20 in June, Inoue said. Industrywide, car sales in Japan are expected to plunge 23 percent in the six months beginning in October from a year earlier, according to the Japan Automobile Dealers Association.

    Demand for the Prius surged after the third-generation model went on sale in May 2009 and the government introduced the incentive plan a month later. Under the program, consumers can apply for a 250,000 yen ($2,963) subsidy if they scrap a car more than 13 years old to buy a more fuel- efficient one, or 100,000 yen for a new car bought without scrapping the older one. (emphasis added)


    It seems the "Tough Nerd" should rethink the whole government advocating one business over another idea. It is a recipe for economic disaster.

    And, by the way, the Prius is not the only eco-car that has rough looking sales forecast numbers.

    cross posted @ motorcitytimes.com

    < Democrat Pick For AG Too Busy | Ambulance Chasers of the Intellectual Property realm >


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    It is one of those (none / 0) (#1)
    by JGillman on Wed Sep 01, 2010 at 07:08:23 AM EST
    FRUSTRATING parts of trying to get excited...

    Disagreeing with Snyder on this issue does not derail the train, but I believe keeping the pressure up on such things is critical.

    Taking from the taxpayer to give to another taxpayer is not only wrong, but illegal.

    From our constitution that some idiots want to convention over:

    § 2 Eminent domain; compensation.
    Sec. 2. Private property shall not be taken for public use without just compensation therefore
    being first made or secured in a manner prescribed by law. If private property consisting of an
    individual's principal residence is taken for public use, the amount of compensation made and
    determined for that taking shall be not less than 125% of that property's fair market value, in
    addition to any other reimbursement allowed by law. Compensation shall be determined in
    proceedings in a court of record.
    "Public use" does not include the taking of private property for transfer to a private entity
    for the purpose of economic development
    or enhancement of tax revenues. Private property
    otherwise may be taken for reasons of public use as that term is understood on the effective
    date of the amendment to this constitution that added this paragraph.

    A vote in 2006 added that.  Some might say its about physical property..  That bold enhanced line says much.

    Thanks Steve for (none / 0) (#3)
    by RushLake on Wed Sep 01, 2010 at 11:29:38 AM EST
    reaffirming what this clown Snyder really represents--the 3rd term of Jennifer Granholm.

    This clown could resurrect Ronald Reagan and prevail on him to be said clown's running mate and I wouldn't vote for him. I will not vote for the 3rd term of Clueless Jenny from either party.

    Mirror image! (none / 0) (#4)
    by LookingforReagan on Wed Sep 01, 2010 at 12:13:22 PM EST
    The only thing that keeps Synder from being exactly like Jenny No Jobs is a sex change operation.

    It's tough to swallow, but... (none / 0) (#5)
    by archiespeck on Wed Sep 01, 2010 at 12:20:30 PM EST
    ...the recent Jesse Jackson/Bob King "march for jobs" i.e. "get out the Detroit vote" absolutely convinced me that a Bernero win would BURY this state for good, and when I saw "for good" I mean it.  No hyperbole here whatsoever.

    To further drive the point home, I saw the madman mayor himself on Ed Schultz this week advocating for a state run bank should he be elected. This was in between his chanting of "MAINSTREETMAINSTREETMAINSTREET."

    I'm still uber-PO'ed about the primary results, but living under a petty dictator like Virg for 4 years would make it hard to get out of bed in the morning.    

    • Indeed.. by JGillman, 09/01/2010 12:24:14 PM EST (none / 0)
    I respectfully disagree on some points (none / 0) (#7)
    by Seth9 on Wed Sep 01, 2010 at 03:47:53 PM EST
    First of all, the battery industry has a very promising future because many alternative-energy industries require high quality advanced batteries in order to reach their potential. In addition to hybrid and electric vehicles (which will phase into public use over time as gas prices increase, regardless of whether the Japanese government removes a subsidy on such cars), advanced battery technology is key to the growth of solar and wind energy technologies. And alternative-energy industries are not the only ones that use advanced batteries (for instance, the laptop I'm using to make this post uses one).

    Secondly, while I generally distrust the use of tax incentives, I do think that there's something to be said for using limited incentives to attract certain hi-tech industries, particularly those industries that can convert closed down automotive plants. My reasoning here is that this is not so much picking winners and losers as it is attempting to attract industries that can use pre-existing assets that are currently doing nothing for the state or our communities. If tax reform combined with limited incentives can attract industries (such as those in the green energy sector) that can effectively utilize some of our resources that have been left in the cold thanks to issues with the auto industry, then I would not be opposed to it.

    Vote 3rd party? (none / 0) (#9)
    by Hershblogger on Wed Sep 01, 2010 at 05:52:20 PM EST
    I posted today about the MEDC/MEGA crap the GOP is looking to reform instead of eliminate.  Picking winneras and losers is exactly the regime they want to continue.

    Fiddling on the edges of Statism

    Snyder is not the guy I want for governor.  I certainly don't want Bernero, either.

    A strategy emerges.

    So how about... (none / 0) (#15)
    by jgillmanjr on Thu Sep 02, 2010 at 08:24:44 AM EST
    Equal tax incentives for EVERY business?

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