Thursday, July 16, 2015
A stellar subsidized evening of Reaganite corporate welfare, New Albany Trickle-Down Democrat-style.
Tonight's city council verdict: In a "free" market economy, risk is a necessary condition for small local businesses, developers and entrepreneurs, while for-profit businesses of larger size, pursuing ventures of a certain vaguely defined "magnitude," must forever be sheltered from the vicissitudes of risk by means of civic subsidy.
Democrats did this -- except for John Gonder, who joined Kevin Zurschmiede in voting against the $4.9 million bond.
It bears repeating: Tonight's exercise in risk-free corporate welfare and purely trickle-down economics, wherein "luxury" apartments matter more than neglected areas of blight and impoverishment situated yards away?
Yep: Democrats did that.
With his spirited defense of subsidized luxury apartments as curative for what he referred to as "blight," 3rd district councilman Greg Phipps apparently has coined a new re-election campaign slogan.
"The Needs of the Luxurious Few Outweigh the Needs of the Marginalized Many."
Mr. Spock would be appalled. Then again, he never was a Democrat in New Albany.
Jeff Gahan did not attend the meeting. At the conclusion, as I stepped into the hallway to chat, Gahan could be seen emerging from his office. He saw me, and ducked back inside.
He must have been there all along.
Wouldn't you have liked your elected mayor, and not an appointee like David Duggins, explain the merits of this purportedly transformational luxury bocce empowerment project?
I sure would. More tomorrow.