Is Obama laundering federal money to GE through Michigan?

Canada Free Press ^ | 7/1/09 | Steve Milloy

[Nachum]

General Electric is getting yet more taxpayer money, possibly laundered federal money, to subsidize its business.

A GE press release announced that the state of Michigan will provide GE with $60 million to build a $100 million “technology & software center” — what used to be known as an “office building.”

[grellis]

Easily hundreds, if you compare the cost of building from scratch versus modifying an existing property...and therein lies (lays? whatev!) an untold cost: While these brand-spanking new buildings are going up, vacant commercial props are dragging values down, down, down. Those vacant commercial buildings spread like mushrooms in spring rain. A strip mall with ten storefronts, three vacant, soon becomes an empty strip mall. The owner of the property has to raise the rent on the seven remaining to cover the loss of the three, and pretty soon those seven move elsewhere or close for good. Ditto office buildings. Entire floors can empty out in a matter of months. Those vacancies equal tremendous property tax losses. Never ending spiral. But hey, we have shiny new buildings! I'm blown away, aren't you?

[Westlander]

We don’t call her Jennie Grandtheft here without a reason.

[Westlander]

‘mercury filled’ You will expose yourself to more mercury in your July 4th picnic than possibly breaking dozens of CFL’s daily over the next thousand years or so.

[Westlander]

Hmmmmm. Makes you wonder about who will be making the parts for those hot air blowers on a stick Grandtheft wants thousands of.