Michigan Lawmakers Giveaway over $7 Billion in Subsides

Taxpayer Funded Business Subsidies: Profits & Tax Breaks for them “Higher Taxes” for us Citizens

Business Subsidies or Road Tax Increase? In May you will decide at the Ballot Box. What do Lansing lawmakers do when they commit “grand theft” of our road fund monies on subsidies for economic development instead of on Michigan roads?

They let the taxpayers hang themselves by voting on a ballot proposal “tax increase” holding our roads hostage if we don’t vote yes.

The MEDC is like a bad movie titled, Michigan Taxpayers Subsidize the Wealthiest Businesses or how Michigan Taxpayer Funded Subsidies supply funds for Corporation profits.

“These subsidy awards are getting out of control,” said Philip Mattera, research director of Good Jobs First and principal author of the report.

http://www.wcpo.com/money/local-business-news/new-study-ranks-ohio-third-in-the-award-of-large-public-subsidies-for-company-expansion

Jennifer Granholm pursuing Toyota engineering center Economic Money

In 2005, Toyota landed a $38.9 million tax credit from the Michigan Economic Development Corp.’s Michigan Economic Growth Authority (MEGA) board to fuel the expansion of its technical center in York Township.

http://www.annarbor.com/business-review/bob-lutz-criticizes-jennifer-granholm-for-pursuing-toyota-engineering-center/

Michigan Taxpayers Pony Up Subsidies for Toyota…Yet Again!

What’s the old saying, third times a charm? In this round of taxpayer funded subsidies The Michigan Strategic Fund has awarded the automaker another $4 million. In addition to this subsidy, Toyota received a State Education Tax Abatement with an estimated value of about $1.3 million.

http://www.detroitnews.com/story/business/autos/foreign/2014/12/18/toyota-invests-ann-arbor/20580241/

MEDC Approves Incentives for Toyota

The Michigan Economic Development Corporation announced that Toyota has been awarded $4 million. York Township is additionally considering approval of local incentives in the form of a 12-year property tax abatement that could save the company up to $4.6 million.

The project was secured through a collaborative effort involving MEDC, York Township and Snyder’s Ann Arbor SPARK.

http://www.economicdevelopmenthq.com/blog/michigan-economic-development-incentives-toyota-jobs/

One of Ann Arbor SPARK board of directors are: Charles Gulash, vice president, Toyota Motor Engineering & Manufacturing. Can you say conflict of interest?

http://www.annarborusa.org/about-us/news/SPARK-announces-new-board

This isn’t the first incentive dance Toyota has been to. In 2008 as a Campaign Manager for a State Rep. candidate I attended a meeting with him in York Township and he spoke at that meeting against the first subsidy. The promise then was 400 jobs that never materialized!

Toyota said it plans to build a new facility on its Michigan campus “subject” to final approval of state and local “incentives” to accommodate the 250 workers. That subject to “local incentives” is code word for us the Michigan taxpayers who will pony up through the “failed” MEDC just mark my words!

http://www.freep.com/article/20140428/BUSINESS01/304280056/toyota-moving-texas-los-angeles

Toyota moves bolster Michigan Tech Center with Taxpayer money

http://www.detroitnews.com/article/20140428/AUTO0104/304280038/0/auto01/Toyota-shift-North-American-HQ-Texas-add-jobs-Michigan

Toyota moves thousands of jobs from socialist California to capitalist Texas

Why not the “Comeback State” Michigan? I’ll tell you why it’s no different than California! Michigan will get 250 jobs in Snyder’s Ann Arbor if the taxpayer subsidies are sufficient which they already received in 2008.

http://winteryknight.wordpress.com/2014/04/29/toyota-moves-thousands-of-jobs-from-socialist-california-to-capitalist-texas/

Toyota & 5,000 Jobs to Leave California for Texas

http://thepeoplesrepublicofcalifornia.blogspot.com/2014/04/toyota-5000-jobs-to-leave-california.html

Take a look at the incentives Toyota received from different state and local offices to locate their plant in certain locations. From Wikipedia: Toyota has received a little over a billion USD in federal, state, and local government tax subsidies and incentives including: * $323.9 million in subsidies for the plant in Tupelo from Mississippi taxpayers. * $371 million in subsidies for the Georgetown plant from Kentucky taxpayers. * $227.5 million in subsidies and tax incentives for the Tundra plant by Local, Texas, and U.S. taxpayers.

Michigan has the most megadeals, with 29, followed by New York with 23; Ohio and Texas with a dozen each; Louisiana and Tennessee with 11 each; and Alabama, Kentucky and New Jersey with 10 each.

“Megadeals” are defined as taxpayer funded incentive packages (subsidies) worth more than $75 Million. This does not include those subsidy giveaways under the $75 Million benchmark such as the Film and Movie Producer subsidies given away here in Michigan or smaller business subsidies.

In dollar terms, New York is spending the most, with megadeals totaling $11.4 billion. Next is Michigan with $7.1 billion, followed by five states in the $3 billion range: Oregon, New Mexico, Washington, Louisiana, and Texas. Twenty-one states have megadeals costing $1 billion or more.

Some of the deals involve little if any new-job creation; indeed, one in ten of the deals involve the mere relocation of an existing facility, often within the same state and sometimes within the same metropolitan area. Some of these retention deals were granted in so-called “job blackmail” episodes.

The La-Z-Boy Corporation in Monroe pulled one of these so-called “job blackmail” episodes when it threatened to move out of Monroe unless the taxpayers of Michigan provided subsidies for building their new headquarters, the MEDC caved and awarded then up to $12.7 Million in taxpayer money.

La-Z-Boy Awarded $3.7 Million “Plus” from The Michigan Strategic Fund

Furniture maker plans to build a new world headquarters in Monroe after state approval this week on a $3.7 million incentive package. This “taxpayer funded” package could be worth $12.7 million over nine years when the package’s grants and tax breaks are combined and that is contingent on La-Z-Boy adding 50 jobs.

Dan Swallow, director of economic and community development for Monroe, said the two grants and the tax abatement were paramount to keeping La-Z-Boy fully committing to staying in Monroe. The company had stated it would remain in Monroe if everything could be worked out, but if it couldn’t, it might be forced to go to another county or state.

http://www.toledoblade.com/Retail/2012/12/21/La-Z-Boy-a-big-step-closer-to-new-headquarters-Michigan-OKs-3-7M-aid-for-50M-project.html

Right after La-Z-Boy got our tax dollars the company reported third-quarter profits that soared. Michigan-based La-Z-Boy said Tuesday its operating income was up 37 percent in the fiscal 2013 third quarter, to $23.3 million, compared with $17 million in the same quarter of 2012. The company ended the quarter with $112 million in cash and equivalents.

http://www.prnewswire.com/news-releases/la-z-boy-reports-fiscal-2013-third-quarter-results-191882971.html

Are corporate subsidies worth the money? 

http://www.cbsnews.com/news/are-corporate-subsidies-worth-the-money/

History of the MEDC: The Michigan Economic Development Corporation (MEDC) was started by Republican Governor John Engler expanded by Democrat Governor Jennifer Granholm and put on steroids by Governor Rick Snyder.

The Michigan Jobs Commission (MJC) By Joseph P. Overton and Aaron Steelman, published on April 1, 1996

https://www.mackinac.org/5327

Study: Michigan Economic Development Corporation Published on May 4, 2004 (Now Part of The Department of Labor and Economic Growth)

http://www.mackinac.org/6561

A Brief History of State Economic Development By Michael D. LaFaive, published on Oct. 6, 2005

http://www.mackinac.org/7375

THE LOCAL DEVELOPMENT FINANCING ACT – Act 281 of 1986

http://www.legislature.mi.gov/%28S%28iwwxm445lieanr555ydmnd2v%29%29/mileg.aspx?page=GetObject&objectname=mcl-Act-281-of-1986

Governor John Engler appoints Board of Directors for the new Michigan Economic Development Corporation. The two most notable board members are Governor John Engler (general chair); Rick Snyder, Avalon Investments, Inc., Ann Arbor (chair)

http://www.michiganbusiness.org/press-releases/engler-appoints-board-for-new-michigan-economic-development-corporation/

Rick Snyder’s two Venture Capital Companies Avalon Inc. hit with liens for unpaid taxes

http://www.annarbor.com/business-review/rick-snyders-venture-capital-companies-hit-with-liens-for-unpaid-taxes/

John Engler assumes leadership as Business Roundtable Preesident. Business Roundtable (BRT) is an association of chief executive officers of leading U.S. companies working to promote crony public policy.

http://businessroundtable.org/engler

Economic Development Subsidies Report Megadeals: By Philip Mattera and Kasia Tarczynska with Greg LeRoy. “Megadeals” are defined as taxpayer funded incentive packages (subsidies) worth more than $75 Million. This does not include those subsidy giveaways under the $75 Million benchmark such as the Film and Movie Producer subsidies given away here in Michigan or smaller business subsidies.Economic Subsidies by State 1

Click “Full report” in the link below to view how over $7 Billion of your tax dollars has been wasted on subsidies here in Michigan since 1986.

http://www.goodjobsfirst.org/publications/megadeals-largest-economic-development-subsidy-packages-ever-awarded-state-and-local-go

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Another Crony Gov. Rick Snyder Appointee Target of FBI Probe

                                                    “The Boji Files” Boji Ficano Snyder Richardville
The Snyder administration scandals’ starring his appointee’s is just unconscionable. All this corruption revolves around real-estate, real estate development and construction with our legislators in Lansing. The list is like the energizer bunny it just keeps going and going.
The “Friends and Family” program and the “Business Buddies” fund is alive and well in Lansing and it’s definitely not in the best interest of the citizens of Michigan. Those you elect to serve you are serving the lobbyist and special interest group’s best interest not yours.

FBI Probe into Democrat Bob Ficano and his buddy Snyder Appointee Ron Boji
http://www.wxyz.com/news/local-news/investigations/even-with-ficanos-days-numbered-fbi-probe-into-wayne-county-stretches-into-year-three

Wayne County has been ordered to repay an $850,000 federal grant
With the help of Wayne County, developer Ron Boji received federal funds to build it. Boji was a longtime supporter of Ficano, showering him with campaign donations and throwing a fundraiser at his mansion in Orchard Lake.
http://www.wxyz.com/news/local-news/investigations/hud-orders-wayne-county-to-repay-850k-grant-after-fmr-asst-ceos-conflict-with-developer

Despite all the baggage connected to Boji, he’s still a BIG favorite of crony capitalist Governor Rick Snyder. Governor appoints Ron Boji to Michigan Strategic Fund Monday, January 7, 2013

LANSING, Mich. – Gov. Rick Snyder has appointed Ron Boji, of Orchard Lake, to the Michigan Strategic Fund board of directors.
http://www.michigan.gov/snyder/0,4668,7-277–292353–,00.html

Ron Boji appointed to state Transportation Commission
Snyder today announced the appointment of Ron Boji, of Orchard Lake, to the state Transportation Commission.
http://www.michigan.gov/snyder/0,4668,7-277–314872–,00.html

Ron Boji was appointed by Gov. Rick Snyder effective Oct. 17, 2013. Mr. Boji is involved with Bob Ficano in the FBI ongoing probe.
http://www.michigan.gov/mdot/0,4616,7-151-9623_31969_31970-315012–,00.html

2013 Senate Bill 509: Authorize new state Senate office building
Introduced by Sen. Randy Richardville (R) on September 17, 2013
To authorize the sale of the Farnum Senate office building in Lansing and construction of a new building for Senators’ offices.

This was referred to the Senate Government Operations Committee on September 17, 2013. It was reported in the Senate on November 13, 2013, with the recommendation that the bill pass.
http://michiganvotes.org/2013-SB-509

Richardville Pushes Questionable Real Estate Bill “MIGOP” History of Crony Capitalism Combined With Unsavory Characters Casts Dark Cloud Over SB 509
https://bainreport.wordpress.com/2014/01/09/richardville-pushes-questionable-real-estate-bill-migop-history-of-crony-capitalism-combined-with-unsavory-characters-casts-dark-cloud-over-sb-509/

Michigan Senate moves to allow sale of Michigan Senate building to Ron Boji
http://www.mlive.com/politics/index.ssf/2013/12/michigan_senate_moves_to_allow.html

Ron Boji has hosted Ficano fund-raisers at his West Bloomfield home
Ron Boji and the Boji Group: Data and Deceit
http://ludingtoncitizen.ning.com/forum/topics/ron-boji-and-the-boji-group-data-and-deceit?xg_source=activity

Chaldean appointed to state transportation commission
LANSING — Gov. Rick Snyder today announced the appointment of Ron Boji to the state Transportation Commission. Boji is Chaldean.

Boji is president of the Boji Group, where he manages, develops and leases the company’s real estate portfolio. Can you say the Senate Farum building in Lansing or the Bob Ficano FBI ongoing investigation?
http://www.arabamericannews.com/news/news/id_7638/Chaldean-American-appointed-to-state-transportation-commission.html

Chaldean Mafia Threat Analysis
This article by the National Criminal Justice Referance Service profiles the emerging “Chaldean Mafia.”

The Chaldean Mafia is a gang composed almost exclusively of individuals tracing their roots to the country of Iraq, and has a conspicuous presence in areas with large Middle Eastern populations such as Michigan.
https://www.ncjrs.gov/App/publications/abstract.aspx?ID=200792

Urban dictionary on Chaldeans
http://www.urbandictionary.com/define.php?term=Chaldean&defid=3848574

 

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A “Reality Check” on Politicians and “Those Who Elect Them”

1 An Informed RepublicWe have all heard that voting for the worst of two evils is still evil but the electorate continues this madness.

This voter ideology presents severe dangers to our Liberties, Freedoms and the very existence of our Republic as we know it.

Many of our elected officials have drifted away from the concept of civic duty in “serving the people’s interest” and have become self serving to themselves and their political party.

Many have also failed as a husband, father and a representative of the people and indulged in things they should have avoided.

With politicians it seems to be easy to fall into the trappings of temptations with the perceived power that comes with being elected as a public servant. Some reporters have referred to certain politicians as rock-stars within the political arena which goes right to their heads.  3 Bribe Politicians

The allure of the big money through (Campaign Donations) being thrown at these politicians by the many lobbyist and special interest are a huge part of the problem but the lack of morality and principles of these legislators falls directly on them! 

If we as a people are to change the direction of our state and country we must change the way we cast our vote for the current ideology of casting our votes for the worst of two evils will be our own downfall and the downfall of our state and country! There are other options besides the two major political parties.

We the People are in need of a viable alternative to the two major political parties. The Constitution Party is that option. Here in Michigan the Constitution Party http://www.constitutionparty.com/ has an affiliate (USTMP) http://www.ustpm.org/about.html

Famous Quotes: 2 Diapers & Politicians

The most difficult choice a politician must ever make is whether to be a hypocrite or a liar ~ Unknown

Politicians are like diapers; they need to be changed often and for the same reason ~ Mark Twain

We’d all like to vote for the best man, but he’s never a candidate ~ Kin Hubbard

In a state where corruption abounds, laws must be very numerous. ~ Tacitus

Absolute power does not corrupt absolutely, absolute power attracts the corruptible. ~ Frank Herbert

Politics is the gentle art of getting votes from the poor and campaign funds from the rich, by promising to protect each from the other ~ Oscar Ameringer

Politics is the art of looking for trouble, finding it everywhere, diagnosing it incorrectly and applying the wrong remedies ~ Groucho Marx

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China Benefits from Michigan Taxpayers with our Lansing Legislator’s Help

Taxpayers Lose Again, Fisker Automotive Sold to China’s Wanxiang
Wanxiang bought Fisker’s battery supplier, A123 Systems LLC, last year through a similar bankruptcy sale. A123 and Fisker were both recipients of a controversial U.S. Department of Energy loan program meant to support clean energy technology. Michigan taxpayers also suffered dearly when the quasi UN-elected MEDC give away tax dollars to A123 Systems in taxpayer funded subsidies.
http://www.reuters.com/article/2014/02/18/us-fisker-wanxiang-sale-idUSBREA1H1LM20140218Snyder-China_GuvOffice

Michigan‘s A123 Systems Files for Bankruptcy
State Battery-Plant Subsidy was a “Risky Venture” from the onset with several economist warnings. The Michigan and Government-funded battery maker files for bankruptcy after receiving $249.1 million federal grant money (taxpayer dollars). A123 Systems received a $100 million “cash subsidy” (taxpayer dollars) from the state of Michigan for a 75-acre facility the company had leased in Romulus.

The subsidy was in the form of cash because the plant had been granted “renaissance zone” status by the Michigan Economic Development Corp. This is yet another in the long line of failures of the Michigan Economic Development Corp. an entity that should and must be abolished as to cut the size and scope of Michigan Government and save the taxpayers money!
http://www.michigancapitolconfidential.com/13557

A123 Systems won another $125 million in tax credits and incentives from the Michigan Economic Development Corp in spring 2009 and a $10 million cash grant from the state in fall 2008. Just move along nothing to see here Michigan Taxpayers just more of our tax dollars down the drain courtesy of the “failed” Michigan Economic Development Corp. (MEDC).
http://www.annarbor.com/business-review/a123-systems-no-assurance-it-can-continue-to-operate-as-a-business-filing-says/

China’s Wanxiang Corp. Bought A123 Systems now Fisker
http://www.bostonglobe.com/business/2014/02/18/will-purchase-hybrid-car-firm-make-player-auto-industry/PrkLDrmgtN8UJR2mRdEv6J/story.html

Wanxiang Group Buys American Battery Maker
Michigan taxpayers ponied up a plenty in subsidies for this failed battery maker that was purchased by China’s Wanxiang America Corp.through the “failed” MEDC.
http://www.nytimes.com/2013/01/30/business/wanxiang-group-buys-american-battery-maker.html?_r=0

Wanxiang buys A123 systems
https://www.google.com/#q=Wanxiang+buys+A123+systems

Fisker’s assets to go to Wanxiang
Along with the wreckage of A123 and countless other “stimulus”-driven financial black holes the Chinese have acquired, the government in Beijing and citizens of The People’s Republic thank the United States for both borrowing money from China and then using it to buy assets it sells back to them at pennies on the dollar. Well done Michigan Lawmakers and the “failed” MEDC along with our lawmakers in D.C. more government for everyone!
http://www.autonews.com/article/20140218/OEM05/140219858/fisker-wins-approval-to-sell-assets-to-chinas-wanxiang

Bankrupt Fisker’s assets to go to China’s Wanxiang
https://www.google.com/#q=Fisker%27s+assets+to+go+to+Wanxiang

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