End of the World? Or Just the Mayan Calendar?
New Era is most likely what the Mayans meant Click Here for Story
Snyder signs slow death of Personal Property Tax over 10 years time Click Here for Details
Green Oak Denies Micro Brewery
CItes code violations but is it stifling good jobs? Click Here for Story
Government’s ‘green’ venture capitalism experiment a failure.
A proposed ethanol plant for Frontier Renewable Resources in the Upper Peninsula has survived a legal challenge filed by the Sierra Club and a Chippewa County resident. But the company building the plant may be one of the biggest green failures in the country.
While countless articles have been dedicated to exposing green failures like Solyndra, A123, LG Chem, Energ1 and others, Frontier, which is a part of Mascoma Corp., has received little media attention. In June, Michigan Capitol Confidential reported that Mascoma said it had “no experience in the markets in which we intend to operate.”
As was documented then, the company has received up to $120 million from the state of Michigan and the federal government. The company pledged 70 jobs by the end of 2012, but Mascoma has only a few scattered workers and no plant.
Despite repeated broken promises and projections for a plant in Minnesota, the company was hailed by Michigan politicians.
“Michigan is proud to partner with Mascoma as a part of our commitment to lead the nation in alternative energy production,” former Gov. Jennifer Granholm said on Oct. 7, 2008. “This company, and their partners, will create jobs in Michigan.”
“I am pleased to have played a role in helping to bring this significant investment to Chippewa County,” said former U.S. Rep. Bart Stupak on Oct. 15, 2008.
In late 2011, the company attempted an IPO to launch as a public company. Documents filed with the SEC showed that Mascoma had a $135 million deficit and 86 percent of its revenue stream was from government grants. The CEO made $5 million.
So politicians and bureaucrats pledged $120 million from taxpayers — at least $40 million of which has already been paid — to a company that has “no experience” in the market they are about to enter.
Why should government operate as venture capitalists again?
False Concern Over RTW
Mythical problems won’t appear after approval of Right to Work Click Here for Details
Michigan Legislators Prepare for Fiscal Cliff
Legislation meant to prevent tax hikes Click Here for Story
Senate Democrats haven’t passed a budget in over 3 years and they won’t even vote on The House’s Plan B tax plan when approved Click Here for Details of Bad Government
The Facts Behind Why Assault Weapons Ban Won’t Work
This chart tells it all about gun deaths Click Here for Story
Lots of Myths About Gun Ban Effectiveness
Liberal Piers Morgan berates gun advocates Click Here for Details
VP Biden to Lead Gun Violence Taskforce
How political will this become? Click Here for Story
What Did Clinton Know…and Do?
Benghazi hearings point fingers upstairs at State Dept Click Here for Details
Of Course They Would
Chinese Gov’t would like Americans disarmed Click Here for Story