Jan 17, 2010
The $6Million Dollar Caulk Job
When President Obama was in town last month he visited a real business. The metal fabricator in the old Mack Plant produces large scale machined pieces. The owner talked about the difficulty of obtaining loans for expansion and to remain competitive. Obama talked about weatherization at the community college, as if caulking row houses was an industry. Well, you will pleased to know that although the banks are still not extending credit, The Community Action Committee of Lehigh Valley received $6 mil to make mini insulation contractors, although there are dozens of such real contractors in the Yellow Pages. Grant money can be used for "handholding for the participant...assessing,..training..even help with such personal-life obstacles as childcare and transportation." Transportation is an entitlement speak for buying them a car.
Although I support the SmileTrain, I'm not much for the PovertyTrain. I don't believe in buying people fish markets instead of giving them a fishing pole. We have a public educational system which includes vocational-technical training. If the bailout money was being used as expedited loans to established businesses, we would be investing in a real recovery and be creating lasting jobs.
So far, one house in the Lehigh Valley has been insulated.