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Old 04-03-2010, 10:39 AM
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BlueStreak BlueStreak is offline
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Join Date: Oct 2009
Location: The Swamp
Posts: 27,407
No, to my mind it is a form of investment in our own industries. If you recheck the article, you'll see that the portion that comes from the Reinvestment Act is $20 million. A small fraction of the nearly $1 billion (In sum total.) the company is investing. If it all works out, it shouldn't be long at all until the federal funds are recovered in the form of increased tax revenues.

Idle factories produce nothing. Operating factories produce goods, jobs, paychecks, and yes, tax revenues for the local, state, and federal governments.

In the valley, they have been waiting for the last 30-35 years for the private sector to create jobs on it's own. 30-35 years of waiting, while everything declined precipitously.

Hence, my belief that Industry and Government working together is what will rebuild this country even if it is, initially, very expensive. You may not agree with that, and that's fine. But do you, at least understand why I think the way I do?

The most important thing to me, is that at long last we begin building industry again and stop tearing it down.

BTW. McCain stopped by there on his campaign tour in '08, and his comment to those people was; "These jobs are gone, gone, gone. And they're never coming back." Sorry, but defeatism like that will NEVER get my vote. Ever.

Regards,
Dave
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Last edited by BlueStreak; 04-03-2010 at 10:47 AM.
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