(UTOPIA) Tax Alert : Stop 150% tax pledge increase

Charles Curley charlescurley at charlescurley.com
Thu Apr 17 07:08:36 MDT 2008

On Wed, Apr 16, 2008 at 10:32:48PM -0600, Steve Meyers wrote:

> They got approved for a loan from the federal government that never
> actually came through.

So the whole thing was premised on federal corporate welfare. That
alone makes it suspect. Government involvement in business, from John
Law on, has always produced less than optimal results.

> In the meantime, they've had to basically halt their buildout.
> They've decided to give up on the feds, and are basically
> consolidating their existing loans into a single loan that doesn't
> rely on the feds.

The feds finked out, and now they're forced to do what they should
have done in the first place: rely on the market for funding. Doh!


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