The Minneapolis Star-Tribune is reporting the next planned fill-up of the corporate welfare trough has Minnesota's former capitalist class swarming for their freebies.
Particularly excited are builders and municipal officials throughout the state, who have already been singled out as primary beneficiaries of Obama's Big Giveaway, the sequel to Bush's Bail-in, which put us on the line for $750 Billion.
Obama's Big Giveaway will be the next step in world history's largest single transfer of wealth, as every single American citizen will donate approximately $7,000 to selected businesses. So a family of four will have made a completely involuntary donation of approximately $28,000.
I have looked for the protests, but I don't see any. I've listened for a real outcry from conservatives, but the most one is likely to hear is a discontented grumble as the government steals our nation's wealth to support businesses that are failing. To subsidize and reward the same behavior that caused the bankruptcy.
What these companies need to do is reorganize and reduce their fixed expenses, so that they can compete and be profitable with lower sales. This is why the bankruptcy laws were written.
Instead, these companies will make only the changes that will please their new Washington masters, while ignoring what the market would reward. Nonetheless, many are excited about engineering their businesses for failure, and the inevitable rain of money that will bring.
"Minnesota contractors and our trained, skilled workforce are ready to build," said Dave Semerad, head of the Associated General Contractors of Minnesota, which projects as many as 21,000 new jobs in the state, depending on the size of the stimulus deal. "Now is the time to get going and build our infrastructure. There is absolutely no benefit to waiting."
Builders aren't the only ones looking for a piece of the action. States, cities and nonprofit groups are looking for help, along with a host of industries suffering from the sharpest business slowdown in decades.
Minnesota mayors are looking for more than $805 million for roads, schools, libraries and other development projects, and state officials have identified about 200 transportation projects worth $950 million, with the potential for 23,365 new jobs."
Great. That's more than likely 23,365 new jobs that aren't needed and that can't support themselves without even more government money. What will be the result of all these former capitalists reorganizing themselves to qualify for freebies that are given out on the basis of need?
We are witnessing the theft of a great nation's future. A true national suicide. And lots of people are excited about it.
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