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A long way of saying 'corporate welfare'
March 19, 2009
From SF 142, passed yesterday 50-0 by the Iowa Senate:
Division I of the bill creates an innovation and commercialization development fund in the state treasury under the control of the department of economic development,consisting of moneys appropriated to the department and of any other moneys the department is authorized to place in the fund. The department is authorized to use the moneys in the fund for purposes of facilitating agreements and enhancing commercialization in the targeted industries, for increasing the availability of skilled workers within those targeted industries, and other purposes specified in the bill. The targeted industries are advanced manufacturing, biosciences, and information technology.
"Facilitating agreements and enhancing commercialization?" That means nothing, which means it can mean almost anything. What it really means is "give money to people who work the system."
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Comments
Part of the new stimulus is a plan providing full employment for English majors who have friends in the legislative branch.
Actually, there seems to be a direct correlation between inflated euphemisms for simple things, and traditional inflation. A great rumbling of Bernanke's printing press requires a great increase in the number of syllables it takes to say "wasteful giveaways."
Posted by: TaxRascal | March 19, 2009 9:08 AM
Sounds like a sociology or international studies major to me...
Posted by: Joe Kristan | March 19, 2009 2:26 PM