Fellow JLF blog Meck Deck has repeatedly characterized our fair state as a banana republic.
We might laugh, at least until we read this:
All three bills appear to be part of the continuing effort to take Alcoa’s dams and 38,000 acres of adjacent property turn them over to the state, Bellwood said.
“As we look around the world, our experience has been that governments ?that seize business assets ultimately stifle? investment and do permanent damage to their economies,” Bellwood said.
In all of its business dealings around the world, officials said, Alcoa has faced only one other government takeover of its property — when Venezuelan President Hugo Chavez forcibly seized once of its plants.
Yes, I take note that Republican Sens. Fletcher Hartsell and Stan Bingham are sponsoring the bills targeting Alcoa.
