April 24th Part 11 – Steve Welch Opportunistic Corporate Welfare – DCED Loan Application Raises Questions
??Questions Arise: Steve Welch sought government taxpayer subsidy for his company as any opportunist seeking taxpayer financed, corporate welfare subsidy would do. This is not something that someone who is, instinctively, a committed free market, limited government, economic advocate would do.
Entrepreneur, yes. But there is some reason to think he is, also, a calculating opportunist, isn’t there not? Rendell’s DCED Cash:” Welch and his wife, Nicole, asked the state Department of Community and Economic Development (DCED) for $642,177 in November 2007, to move their company, Mitos Technologies, to a new facility in Montgomery County.” Chris Brennan Philadelphia Daily News , Apr. 13, 2012
The Forgotten Taxpayer is reminded that he and she pays for this corporate, business subsidies. Maybe Steve Welch’s dalliance with the Democrats was not an anomaly in his political history.