Business & Tech
Baltimore Sun Columnist Calls GM White Marsh Plant 'Corporate Welfare'
The General Motors addition is highly subsidized by the state of Maryland and Baltimore County.
It's not every day that Democratic President Barack Obama and the ultra-conservative Tea Party movement can agree on something. But Baltimore Sun columnist Jay Hancock suggests they find common ground over opposition to so-called "corporate welfare."
Hancock uses the recent groundbreaking of the as an example.
He writes:
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General Motors is paying for barely half of the $244 million plant. The automaker is relying on $105 million from the Energy Department and more than $10 million from the state of Maryland and Baltimore County.
He goes on to say:
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The tea party, opposed to corporate welfare by temperament and declaration, should join Democrats and the Obama administration to stop governors from underwriting their ribbon-cutting photo ops with taxpayer dollars.
The full article, Obama, tea party should agree: Stop state corporate welfare, can be found online.
What do you think? Is the new GM plant an example of job creation or is it costly "corporate welfare."
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