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Saturday, August 25, 2018

Here is some regulatory capture we can all get behind

As long as nobody is talking about abolishing the Louisiana Economic Development Department Of Corporate Welfare Money Gifting (yet) we might as well keep the pressure on it to use its powers for good
Louisiana Economic Development is asking a judge for at least $16.8 million in payments from Bell Helicopter over two failed deals in Lafayette to create jobs at a state-financed helicopter assembly facility.

The state agency said the Fort Worth, Texas-based helicopter company acted in "bad faith" by trying to get the state to accept a revised deal earlier this year, while the firm secretly moved its operations to Texas.

According to LED, Bell was seeking tax breaks from Fort Worth's local government and outlining a new "factory of the future" in Texas this year that would bring 400 jobs, all while failing to meet its obligations in Louisiana.
Y'all, Bobby Jindal gave away a lot of giant novelty checks to some pretty shady grifters while he was Governor.  It might be worth our while to run around clawing back as much of that money as we can that hasn't made its way all the way to Tahiti just yet. 

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