Quote:
Originally Posted by scottw
manufacturing didn't "shift" to the US in the late 1800's, mechanization allowed American businessmen and inventors and investors to create American jobs and expand industry and fill the growing demands here and elsewhere...and it happened without Obama "investing" in anything...go figure
saying it "shifted" suggests that we recieved it or it was sent here from somewhere else... we created, we expanded..it's what we do...and I'm sorry, the "future success of America" will NOT be based on environmental tech...the only thing that you got right is that it is very slow to produce, if at all...particularly with Obama(GOVERNMENT) picking winners and losers...ask Spain  the future success of America will be based on private business creating and innovating and filling demands without the big hand of Statist Central Planners determining, directing and taxing their every step....
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The problem is that private business will almost always take the path of least resistance which means short term shareholder value.
-spence
yeah, that private business is just a menace.... |
State Taxpayers May Eat $1.6 Million Loan for Defunct Green Bus Company
By Tom Gantert - Michigan Capitol Confidential – 06/20/2011
In September of 2009, Fisher Coachworks was mentioned in a press release from Gov. Jennifer Granholm as a “green technology” company that was part of the “new energy economy for Michigan.” Two years later, the state says Fisher Coachworks is out of business and the state has to write off $1.6 million it loaned the electric bus manufacturing company.
Edgar Benning, general manager of Flint’s Mass Transportation Authority, said in an email that Fisher Coachworks went out of business in the development phase of making two $1.1 million electric buses that Flint was going to purchase
with grants from the American Recovery and Reinvestment Act, commonly referred to as the “stimulus plan.”
Fisher Coachworks officials could not be reached for comment.
Michael Psarouthakis, vice president of business acceleration for the Michigan Economic Development Corp., said Fisher Coachworks would not repay $1.6 million in loans it had received from the state. The MEDC had approved Fisher Coachworks for a $2.6 million loan, but never gave out the final $1 million because the company was struggling, Psarouthakis said.
“It was clear that they were going to have some serious financial difficulties even with our funding,” Psarouthakis said. “They needed significant funding above and beyond that.”
James Hohman, assistant director of fiscal policy at the Mackinac Center for Public Policy,
said some green energy companies wouldn’t make it without government aid.