mnottertail
Posts: 60698
Joined: 11/3/2004 Status: offline
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Perry pushed the Legislature to create the Texas Enterprise Fund, giving the governor, lieutenant governor and House speaker the power to hand out multimillion-dollar grants to businesses seeking to relocate to or expand within the state. Two years later, Perry and the Legislature created another subsidy bank, called the Texas Emerging Technology Fund, using taxpayer money to invest in high-tech companies. Perry made government a venture capital fund. Muckrakers at the Los Angeles Times and the Austin American Statesman have shown a strong correlation between Perry’s biggest campaign contributors and the money handled by these funds and Perry’s other public-private partnership. Almost half of Perry’s “mega-donors,” according to the Times, have received profitable favors from the Texas government. Poultry magnate Joe Sanderson, for instance, gave Perry’s campaign $165,000 and received $500,000 from the Texas Enterprise Fund to open a facility in Waco, the Times reports. The Austin paper documents the unsavory case of $80,000 Perry donor David Nance winning a $4.5 million grant from the Texas Emerging Technology Fund. A regional board had denied the grant to Nance’s Convergen LifeSciences, but Perry intervened and ushered the grant through. And all Obama got was an Immelt T-Shirt, so one area his record is better in is corporate socialism and welfare, and what is their unemployment rate, since Chicago got Boeing and not Texas, and Illinois took quite a drop in employment.
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Have they not divided the prey; to every man a damsel or two? Judges 5:30
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