Monday, April 20, 2009

The Stimulus Bill Gives Ireland A Boost

Thanks, American taxpayers. The Emerald Isle is grateful for the stimulus package that you all think is helping only American businesses.

Didn't know how wrong you were, did you?

That wind farm in Missouri? You know the one, where $300 million is blowing in to build a huge wind farm. Well, a bit of that cash is going to blow across the Atlantic to Ireland.

Wind Capital Group is, of course, a U.S. firm, but it has an Irish partner in NTR. Working in tandem, they'll put up windmills that will generate up to 150 megawatts of non-polluting energy, as long as you don't look on the dead bats and birds that are killed by the turbines as pollution.

Lots of tax breaks, tons of loan guarantees, and NTR is certainly relieved that much of the risk has been assumed by you, the American taxpayer. If the wind farm scheme proves a failure, then it's your loss.

The best thing of all is that there could be profits generated by the generators, and that's where NTR comes in. All those dollars earned from electricity sold to you, the American taxpayer, who already paid for the equipment to make that electricity, will be blown to Ireland where the corporate tax rate is low.

There's nothing doing in Ireland, and if there can't be jobs created, then cash infusions will have to do. Someone has to foot the bill for all that social welfare, and why not the good people of Missouri? Thanks again, on behalf of every unemployed Irish man and woman.

No, it doesn't mean that the taxpayers of Missouri are going to get any sort of discount on their electric bills, even if they did pay to build the wind farm that's providing the electricity that Wind Capital and NTR are going to sell them at a profit.

It's not as if you, the American taxpayer, is a stock holder who's owed an annual dividend.

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