Thursday, December 16, 2010

The Rape of the Uninformed

By uninformed, I refer to those blocked from the inside circles of government or those who really don't give a damn.

Anymore.

I'll give you one example. Back on March 4, 2009, the Peoria County Finance Committee headed by now City Councilman, Tim Riggenbach and County Administration informed County Board members that BioFuels Maufactures of Illinois, former Caterpillar President Glen Barton was or is an investor, had requested a credit enhancement of $20 million from the State of Illinois to build a $40 million biofuels facility to produce ethanol from soy and pennycress. They were also seeking $10 million from the State to be given to Peoria County who in turn would lend it to BMI and start a trend of lending to other green projects in Peoria County. BMI would of course pay the loan back to the county just like Keystone, an ESTABLISHED firm employing about 1000 locals.

On 10/6/09, U. S. Rep. and Republican Aaron Schock announced $500,000 in funding to help BMI develop a new source for biofuels. "This funding puts BMI of Illinois and pennycress on the national map but BMI still needs loan guarantees from the state." BMI CEO Sudhir Seth is optimistic that these loan guarantees, (the taxpayer is guaranteeing the loan through people like Schock, Koehler and Leitch, just like they did The defunct, no-miss FireFly) that this group of investors would add to their millions they have already made through, the ARRA, stimulus funds, grants and taxpayer backed loans, etc.

You MAY have noted that Schock has been rather quiet about abolishing the earmark system. Don't worry, smart bureaucrats always figure a way to get around legislation they don't support. There will be earmarks. The only difference is they won't be called earmarks. And a lot of them will still go to priorities like museums and park districts.

Unless the state and feds go broke. Not yet for the feds. The Chinese haven't pulled their money back to the mainland. Probably not as long as the U.S. consumer keeps buying their products and the Chinese keep stealing our secrets.

Millionaires become multi, multi millionaires by using taxpayer funds instead of private venture capital funds today; they have figured out the system and all the angles to get government, your money, to make their millions.

So if no plant was built, the state would have given them the money if they had it, so would have Peoria County, what happened to the $500,000.00?

A simple answer. It most likely was spent on salaries and lobbyists. Why do you think there is a growing preponderance of wealth at the top of the pyramid?

It appears the Tea Party people are finally banding together to stop this rape of the uninformed. We will see what condition this country is in by June of 2013. In the meantime a whole new class of multi millionaires are rising from the "greening" of America. Millionaire Hollywood types are buying Prius type vehicles as fast as they are manufactured. Already much "green" has been put in the banks by those who know how to work or game, the system.

Again, I encourage you to read the book "Fortunes of Change", the rise of the Liberal Rich and the Remaking of America, by David Callahan.

I regret becoming more of an independent but neither party is one that offers a lot of hope for the well-being of this country and its true citizens..

Merry Christmas.

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