Senator Schumer pushes for federal investment in MetalCraft Marine, creating jobs in Jefferson Co...
There are 2 comments on the MyABC50.com story from Feb 24, 2012, titled Senator Schumer pushes for federal investment in MetalCraft Marine, creating jobs in Jefferson Co.... In it, MyABC50.com reports that:
The Senator has called on the federal government to approve the company's request for a grant that could help the manufacturer double its workforce and expand its manufacturing operation in Jefferson County.
Join the discussion below, or Read more at MyABC50.com.
#1 Feb 25, 2012
If Metal Craft Marine is a for profit enterprise, why should the taxpayer fund any company expansion. Should not that expansion be funded using company profits? Also, if it is a not-for-profit venture then there should be a public vote on whether or not to subsidize any endeavor utilizing public funds. I would, however, sooner see that money go to assisting a company rather than go to the coffers of the entitlement and welfare programs that abound in this out-of-control state. It is time to cut the freeloaders off..that includes the overpaid, underworked politicos at all levels..
#2 Feb 25, 2012
I agree, this is not what the federal government's job is. Let MetalCraft Marine get investment capital the way every other company does - from private investors. If their business plan is sound they will have no trouble, and if it's not sound, all the more reason not to throw taxpayer money at it.
As a general rule, if Chuck "The Schmuck" Schumer is for something, it's probably a bad idea.
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