While All Is Not About ONE MAN, This Example Of Pay For Play Is Clear
There is an explanation I have always used for my sincerest dislike of the MEDC, its mission, and how it takes advantage of the taxpayer for political payoff.
“If a business owner finds it necessary to take taxpayer dollars to start, maintain, or expand their enterprise, then that business model is already in trouble. If there is no NEED for the money to survive, then it is simply a matter of theft.”
Its hard to be any clearer than that.
Any politico who uses the term “Jobs created” when discussing the MEDC grants, is trying to justify the stealingthat must happen first, and is central to the MEDC program. In the history of subsidizing business, one would think that the predictions of ‘job growth’ with accomplished results would speak for itself. In fact, one might think such mechanisms insofar as they are touted, would make the news at least once a month if not weekly as a raging human interest success worthy of celebration.
Taxpayers Lose Again, Fisker Automotive Sold to China’s Wanxiang Wanxiang bought Fisker’s battery supplier, A123 Systems LLC, last year through a similar bankruptcy sale. A123 and Fisker were both recipients of a controversial U.S. Department of Energy loan program meant to support clean energy technology. Michigan taxpayers also suffered dearly when the quasi UN-elected MEDC give away tax dollars to A123 Systems in taxpayer funded subsidies. http://www.reuters.com/article/2014/02/18/us-fisker-wanxiang-sale-idUSBREA1H1LM20140218
Bud Denker of Bloomfield Hills is senior vice president of Penske Corporation and executive vice president of Penske Automotive Group and Penske Performance. Denker joined the Penske enterprise after many years with several Fortune 100 companies including Eastman Kodak Company where he served as vice president of brand and marketing development. Since 2006, he has served as chairman of the Detroit Belle Isle Grand Prix and is also active in many Detroit-based organizations including the Downtown Detroit Partnership and The Parade Company.
Have you ever heard of the old expression, “like placing a diamond on a goats ass” ? Billionaire moochers and looters with their bought off politicians enabling taxpayer funded Flavian Amphitheaters are a good definition of it.
When the Lions and Tigers stadium deal was struck, one newspaper headline headline joyfully proclaimed a “Detroit comeback.” William Clay Ford, Jr., the Lions’ vice chairman, said that being “an integral part of Detroit’s renaissance is an absolute honor of the highest degree.”
And, a short 14 years later, Detroit files for Chapter 9 protection. Brilliant propaganda espoused by, Mr. Bill One playoff win in 56 years Ford Jr., yes?
We’re thinking Michigan’s 104th district representative Wayne Schmidt doesn’t expect to win Michigan’s 37th state senate seat in 2014.
In fact, he might have had that realization for several months now. Perhaps an angel of mercy descended at that time from the polling pearly gates, because it was in September that Schmidt, authored a bill that has yet to make it out of committee. Schmidt appears to be trying to create a quasi-government highly paid position that will be ‘tailored’ for his haberdashery retail management (suit store clerk) background, and government experience.
Too often, your local government will have advocates of money-spending that holds out the promise of jobs, or some tangible benefit that can be presented in dollars gained back for the community.
The authors of such fiction typically seek to justify their own positions of employment within that community, and possibly within the government entity itself. Axiomatically however, all of them have a stake in the outcome of the requested spending. They will be asked for, and then will present metrics, or a presumed study of return on investment (ROI) and typically the elected leadership falls for it hook, line and sinker.
A perfect example was during a consideration of funding for the MSU extension office in Grand Traverse County when I was an elected commissioner. County commissioners were given plenty of reading materials by the MSU advocates to show us that for every dollar spent we would see a result of $17 in benefit to the county. The calculations as it turned out were premised on a ‘guess,’ that was then multiplied by a compounding analysis program that is used by MSU intellectuals, that relies on ‘guesses’ for the input variables.
Then consider that aside from Snyder’s inaccurate representation of Dow family history, it wasn’t a government program that brought the best and the brightest from other countries to the United States, and to Michigan in particular. It was that immigrants could be left alone for the most part to ply a trade, offer a unique service or product, and be free to compete in open markets.
By skewing the field in some way to aid immigrants coming to Michigan, or to pay off ANY interest to settle here, the governor fails to acknowledge he must first steal from existing taxpayers who are made of immigrants and natives alike. He takes from some, to favor others in a bizarre preference game.
Some of the ideas are familiar, but limited in ways typically embraced by establishment Republicans.
Rand Paul’s visit to Detroit was precipitated by a conference call being reported by the Detroit News. In it, Senator Paul speaks of enterprise zones, with taxes so low as to “bail yourselves out”. Adding to this an loosened visa incentive for a flow of foreign “entrepreneurs” into the city.
Paul, widely considered a 2016 potential presidential candidate, said he will introduce legislation Monday to create “economic freedom zones” by dramatically lowering taxes in depressed areas and loosen visa rules to encourage foreign entrepreneurs to immigrate to the city.“We hope to create taxes so low you essentially are able to bail yourselves out,” Paul said Thursday in a conference call outlining his plan.
So now instead of “jobs that Americans don’t want to do,” perhaps we will be talking about cities that Americans don’t want to live or work in.
I wonder how that would work?
Maybe something like this?
“Mr Chen, you are welcome to stay, invest, develop, and work in our country. However, you are limited to this particular region. If for some reason you are not satisfied there, I guess you are out of luck.”
Or in other words,
“Welcome to the Hotel Detroit. Love it, or get the hell out of our country..”
Right, somehow I can’t see THAT happening.
Which of course begs the question of what happens to those who emigrate, and decide to move somewhere a little safer than Baghdad of Michigan? When “loosening visa requirements,” it seems that a genie let out is a little hard to stuff back in the lamp. Its hard to imagine ‘restrictive’ movement placed on those who simply seek a better life, and upon finding out that Detroit is no better than the hole they left, it is highly likely that they will indeed “seek” such a place.
And it seems we have heard those words about foreigners feeling welcomed before.