General Electric is getting yet more taxpayer money, possibly laundered federal money, to subsidize its business.
A GE press release announced that the state of
Michigan will provide GE with $60 million to build a $100 million "technology & software center" — what used to be known as an "office building."
While the source of the Michigan subsidy could be Michigan taxpayers, given how strapped the state is from auto industry losses, it's quite possible that the Obama administration is funneling U.S. taxpayer stimulus money through Michigan to GE.
Michigan's budget problems are so severe, after all, that the state has offered to house prisoners from California's burgeoning prisons.
We reported in May that
GE received $55 million in taxpayer subsidies to build a hybrid locomotive battery plant in New York.
You can almost hear GE CEO Jeff Immelt, who sits on President Obama's Economic Recovery Advisory Board, chanting to the President, "Give me the money." In return, Immelt, the new corporate welfare queen, is helping Presdient Obama advance his global warming and health care agendas.
