Mario,

It seems the bigger they are, the more fickle they are likely to be. Tesla and Eclipse seemed to be great projects at the time and on the surface they both "seemed" to be viable. Perhaps there was a lack of due diligence on the part of the folks who put the packages together. Of course there may have been a huge amount of giddiness on the part of the state, county and city. All those jobs and braggin' rights from two high tech ventures.

Well, in the case of Tesla and Eclipse the brides were soiled and the marriages were doomed. There have been other failures or broken promises in the past and I guess one could say that is just the nature of the competitive climate we live in with stock holders demanding ever increasing dividends.

I happen to support incentives when the collective we have done the homework. The public funds spent on incentives are monies generated from one or another form of tax or permanent fund and we should make sure that all of the projects we finance or dabble in are viable and will create jobs which pay wages and benefits higher than the average. Which brings me to another subject. Have you seen the results of our investments in the movie industry. I have not, but would like to see an accounting of those investmments.

Thanks for the article.
Chuck | 12.02.08 - 6:08 am | #