We’re becoming a Looter State to join the Looter Nation.
In the fantasy land of the central planners, corporate welfare — that is, taking money by force from those who earn it to give to politically-connected firms — somehow strengthens the economy.
The Rocky Mountain News reports, “Gov. Bill Ritter announced this morning a series of immediate economic development initiatives totaling $12 million to keep Colorado’s economy pumping…”
Of course, the theory that robbing Peter to pay Paul helps the economy is complete nonsense. While Ritter will no doubt sing the joys of Paul’s successes, he will utterly ignore the business activities of which he has deprived Peter.