Michigan Crony Capitalism: Secret Spending

A crony capitalism agency of the Michigan state government has hidden their expenses on their own authority. It is pretty amazing that our state governments pretend that taking taxpayer money and giving it to huge corporations is in the public interest and the legitimate power of the state. But it is even more amazing when such a department of crony capitalism (i.e. pseudo-capitalism) makes its work—which is allegedly so good for the economy—a state secret. Back in 2009, the Michigan Economic Read more […]

Obama Continues to Pick the Losers in a Failing Economy

Compact Power is the name of a manufacturing plant built in Michigan and owned by a South Korean company called LG Chem. The plant was built with $150 million of taxpayer money. They were supposed to build batteries for the Chevy Volt, a vehicle produced by “Government” Motors that has yet to do anything except lose money. The taxpayer funded batteries plant hasn’t even produced 1 battery yet, and now, 2 years after they received the taxpayer money, they’re having to furlough their workers. Read more […]