Eugene David ...The One-Minute Pundit |
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Sunday, October 19, 2008
TRANSLATION: Indiana, under a putatively Republican governor, is trying a healthy dose of RENDELLISM, with lots of emphasis on HEALTH CARE, and lots of big fat tax givea -- INCENTIVES, but it doesn't seem to be making the people any richer; if anything it's leading to a kind of economic caste system.
[C]reating a single viable biotech company with 10 to 20 employees takes as long as 10 years and as much as $100 million in cash infusions over those years, Eli Lilly start-up specialist Joshua Salisbury estimated. By that rough measure, replacing the state's 133,400 lost factory jobs with the same number of knowledge workers would require amassing $670 billion to seed 6,700 new tech firms employing 20 workers each. Is that doable in Indiana? Well, Dubya helped the investment bankers -- so anything's possible!
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