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    Who are the NERD fund donors Mr Snyder?

    Raise the curtain.


    By JGillman, Section News
    Posted on Thu Sep 16, 2010 at 12:27:47 PM EST
    Tags: Michigan, MEDC, Corruption, Batteries, Free markets, Incentives, Ipse Loquitor, Factories, Granholm, business (all tags)

    We as taxpayers just spent About $113,000 per job created in Michigan.

    That is the hard fact of what it took to get a battery plant built here to provide 3300 new jobs.  Never mind the NEED for those jobs, or whether the new green economy demands it enough to make it PAY FOR ITSELF.  It is the cost of having business DO BUSINESS in Michigan it seems, and no amount of common sense ought to dissuade our dear leaders from paying that price right?

    And that price per job, is only if all goes well.

    As we have seen by recent events, the MEDC record for picking winners is not even as accurate as my dog's method of identifying visitors.  Never mind the trickle into the Michigan economy from these new jobs cannot offset the cost in taxes paid to make it possible.  And Never mind the very people who are running the taxpayer supported operation say they haven't been profitable.. yet:

    In a filing with the SEC, the company stated: "We have never been profitable. ...We have a history of losses, and we may be unable to achieve or sustain profitability."

    The company was founded in 2001 and announced its lithium-ion battery system in 2005. Since then, A123 states that it had net losses of $31 million in 2007, $80.5 million in 2008, and $86.6 million for 2009. Furthermore, it had negative cash flow of $56.1 million in 2007, $76 million in 2008 and $114.7 million in 2009.

    With Michigan's cost alone being $125,0000,000.00, one must wonder about what worms are working their way through the mushy skulls of Michigan's leadership to allow such things to continue.

    With nearly $40,000,00 contribution for each promised job by taxpayers in this state directly, it seems there would be a guaranteed payoff at the end.

    But there never will be.  There cannot be,

    To be sure the grand masters of monetary movement within the bureaucracy of this once powerful industrial giant have yet to get it right.  They have yet to demonstrate to the taxpayer, a credible reason for the continued existence of money funneling from taxpayers to "select" industries.  Could it be the 31 jobs SAVED within the MEDC that requires its existence?  Author, Economist, and senior fellow at the  Independent Institute, Robert Higgs notes:

    "Once a bureau is created, its staff becomes a tenacious political interest group, well placed to defend its budget and to make a case for expanding its activities"

    Indeed, and perhaps there are a few favors still owed with the political cronyism that has done quite well in this state?

    Undoubtedly, Governor Jenny has some payback to work on before she is gone in 106 days (yes I am counting)and sadly there are enough corruptible attitudes in the legislature which don't see the cost for what it is..  A COST.

    The driving force for such paybacks are based on the call for new "green" advances in technology, even in light of the real expense of its implementing, it has been given such credibility by those in power through a non stop legislation, gerrymandering of existing technology through regulation, or outright forbidding of less costly (and preferred) alternatives such as light bulbs and certain gases.  The REAL geniuses of government quite obviously know better than what actual demand might dictate, and ultimately produce.

    The question asked in a particular Star Trek movie, with Kirk asking the question:

    "What does God need with a starship?"  

    Implying "this thing speaks for itself," and there should be no need for an all knowing, all powerful being to require an artificial transportation method to go anywhere.  And to be sure, when free markets suggest the considerable value of a manufacturing facility that makes batteries is enough, it will be something that happens spontaneously anyhow.  Why would we fund something that has not enough demand to support itself in our environment already?

    What need have we, to prematurely create an answer, to a question not asked?

    If the answer is the traditional:

    "they'll build their factory somewhere else if we do not"

    Then let them.  If our natural environment is replete with poor tax policy, unpredictable government action or regulation, and cannot attract a new business concern without additional burdens or cost to the taxpayer, then we have a bigger problem to consider than a shortage of factories being built.

    < Pictures Worth A 1,000 Words | Putting "The Rule of Law" in Perspective >

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    It seems (none / 0) (#1)
    by grannynanny on Thu Sep 16, 2010 at 02:15:30 PM EST
    as though this company is run just like the Democraps run everything else - in a deficit.  I could not survive nor would I want to live with the fact that I spend more than I earn.  So many politicians just see the gads of tax money being stolen from our wallets and don't even blink an eye at throwing it at the most assanine projects - like this battery plant or how about $800k from the stimulus for a California professor to come up with a program to teach African men who are not circumcised how to cleanse their wankers after sex!  And they want me to vote for them? I don't care what letter is behind their name or whether they voted for the stimulus or not - THEY HAVE TO GO!!!  

    They are crucifying O'Donnell because of some money issues - ya think I haven't had a few money issues in my lifetime?  There are plenty of people in this nation that have experienced hard times and based on what the establishment is telling us - that doesn't make her a legitamate candidate.  Only the east coast educated elites are knowledgable enough to represent us?  Quoting Kurt Russell in Tombstone - You tell 'em I'm coming and hell is coming with me!"  

    I hope every time the Democraps and lib Rinos sneeze between now and Nov. 2nd they crap their pants!

    During a top of the hour newscast yesterday (none / 0) (#3)
    by RushLake on Fri Sep 17, 2010 at 06:06:27 AM EST
    on WJR, a clip of Clueless Jenny commenting on the viability of wind power in the Great Lakes region was played. To paraphrase, Clueless commented that there is so much wind that there could be windmills located on rafts or boats (she actually used those transportation examples) and could easily be moved to where the wind was strongest. My thought was that she could probably hire Tom Sawyer and Huckleberry Finn to propel the rafts. I was not surprised that she is as totally clueless and devoted to the neo-Marxist agenda as she is.

    Out damned spot!

    The news keeps getting worse for Jenny (none / 0) (#4)
    by archiespeck on Fri Sep 17, 2010 at 02:09:30 PM EST
    Not that she cares, but:

    http://www.freep.com/article/20100917/NEWS06/100917048/1318/Film-subsidies-called-a-big-loser-for-Mi ch.-taxpayers

    But, hey, we got to see MOVIE STARS!  That made it all worth it, right!?

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