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More Corporate Welfare?

Mike

Well-known member
Blanco hopes $300 million incentive will attract steel mill
12/10/2006, 7:56 p.m. CT
By MELINDA DESLATTE
The Associated Press

BATON ROUGE, La. (AP) — A bid to lure a German steel mill and its 3,000 new jobs to Louisiana could cost the state upward of $300 million, under spending plans sought by Gov. Kathleen Blanco.

The governor wants lawmakers meeting in a pre-holiday special session to earmark that cash in a durable goods manufacturing fund as her economic development staff tries to attract ThyssenKrupp Steel AG to a site along the Mississippi River between Baton Rouge and New Orleans.

"Right now, this month, they are looking for a strong signal that Louisiana is serious about wanting their investment. If we don't fight for this, if we don't send a message to the nation that we are in the economic game, we're going to be out of it," she told lawmakers, as she pitched the spending plans to them
 

Econ101

Well-known member
These legislators must think that money grows on trees. Why are taxpayers going to subsidize a german steel maker? Is this what earmarks have evolved to? Get as much from the public till as you can.

When businesses have to be subsidized to exist, we no longer have a free market capitalist economy.

Where is the responsibility Congress has to taxpayers?
 

aplusmnt

Well-known member
Econ101 said:
These legislators must think that money grows on trees. Why are taxpayers going to subsidize a german steel maker? Is this what earmarks have evolved to? Get as much from the public till as you can.

When businesses have to be subsidized to exist, we no longer have a free market capitalist economy.

Where is the responsibility Congress has to taxpayers?

Good comment! We agree on something for once :lol:
 

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