Commonwealth Foundation News Flash

  • Grading Corbett's Economic Plan: FAIL
    10.03.10

    Pennsylvania governor candidate Tom Corbett and his campaign team unveiled the first of seven policy outlines on economic development.

    Much of what it outlines is simply political rhetoric - i.e. praising energy resources, transportation and water infrastructure, agriculture, manufacturing, and innovation - but when it outlines specific policy proposals, it's just more of the same.

    The Corbett plan includes:

    • Spending taxpayer money on building broadband internet, copying the federal "stimulus"
    • "Discovered in PA - Developed in PA" - a new program for universities and businesses to partner - presumably with taxpayer subsidy - on new technologies
    • More tax incentives and state spending on venture capital - because, naturally, if private investors don't think something is a good risk, government will make better decisions using other people's money
    • Loans and "seed money" for new businesses
    • Grants and incentives for investors
    • Getting more out of the Governor's Action Team, one of Rendell's favorite tools to pick favored companies for corporate welfare
    • More programs to create green jobs

    Rather than a new direction, Corbett offers nothing more than the same failed mistakes of the past. In fact, his corporate welfare package sounds a lot like that of Democrat candidate Dan Onorato, not to mention the policies of Rendell and Bush-Obama. 

    This is not our path to prosperity.  For some positive ideas, check out Six Opportunities for Pennsylvania.

    More from CF on Corporate Welfare.


    Read Full Article
    Author:Commonwealth Foundation
Saturday, 21 March 2009 00:01    Print E-mail
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