Tulsa County ObamaVision plan unveiled
A clique of corporate welfare queens and pork barrel princes today announced a plan to bring Barack Obama's proven* economic development strategies to Tulsa County.
The $747.9 million borrow, spend, and tax ObamaVision plan embraces five central principles of Obamanomics:
(1) Use government spending to stimulate economic development, because government knows best. And we've seen what Obama's stimulus has done for unemployment.
(2) Saddle our kids with debt: The proposal would have the county borrow money now against pledges of sales tax revenues starting five years from now and continuing from 2017 to 2029. If we get to 2017 and need money for a higher priority, we'll just borrow against revenues starting in 2030.
(3) Use tax dollars to subsidize bankrupt companies in failing industries. Don't diversify your economy -- double down!
(4) Spread the wealth around: Take money away from taxpayers and their personal priorities and give it to politically connected construction companies. Take money that would have been available for cities to tax for city priorities, take a cut of it, then give some of it back to the cities with strings attached. From each according to his ability, to each according to his greed.
(5) Let politicians pick winners and losers in the private sector: A committee of politicians will decide how to spend a $50 million slush fund to subsidize private business. They'll use the same economic judgment that brought us Solyndra and Great Plains Airlines, both typical examples of what happens when government gets involved in the private sector.
The key objectives of the proposal: (1) Give politicians a chance to claim they're doing something to improve the economy. (2) Allow politically connected special interests to get a share of the money. The group rejected the free market approach of lowering taxes and improving the general business climate because the free market approach doesn't let politicians take credit for jobs and it doesn't allow the Chamber, bond advisers and bond brokers, construction and program management companies to "wet their beaks."
Republican primary voters in Kansas got rid of corporate-welfare backers earlier this week, with the help of the local branch of Americans for Prosperity and the Kansas Chamber of Commerce, which prefers encouraging a healthy business climate for everyone, rather than shoveling subsidies at a favored few companies. Here in Oklahoma, however, the Tulsa Metro Chamber will continue to support corporate welfare, cronyism, and pork barrel spending, and Republican political consultants, pollsters, and PR firms will line up at the trough -- the chance to work for the vote yes campaign.
* Proven not to work.
Listed below are links to blogs that reference this entry: Tulsa County ObamaVision plan unveiled.
TrackBack URL for this entry: