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Local wealthy business family contributes to a Senators re-election fund. Senator supports a bill to buy out an electronics firm..with over 80% of the funding for purchase coming from taxpayers. No provisions in the bill for taxpayers to benefit from any future profits. Bill is approved for funding of purchase with the promise of jobs created thereby adding to the personal income tax base. Presumably, executives get large salaries and perks because of their business "expertise", although they may have no experience in the industry purchased. Nowhere near the level of promised number of employees are ever hired. Business in a few short years goes belly-up. Creditors are to be paid one or two percent on the dollar. Everything is perfectly legal and it is not known whether the local businessmen actually ever put in their less than twenty percent. This is a fact based true story. All presumably perfectly legal. ed
 

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Molon Labe
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Guess so look at Sylindra (SP) and all the other ones that got money from the porkuous programs

I wish I knew how to land one of those cool gigs
 

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If one really wants to get steamed up, take a look at the Obama/US Gov't. funding of the green industry.
Yes, that too will frost your balls...
dju
 
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