Tag: TINA

The closing of Really Cool Foods

Groundbreaking for Really Cool FoodsIn 2007, organic prepared food producer Really Cool Foods announced that it would be building a multi-plant production complex in Cambridge City, Indiana and investing over $100 million in the area.  The announcement was met with great joy and significant incentives from state and local governments:

The Indiana Economic Development Corp. offered Really Cool Foods up to $3.05 million in performance-based tax credits, up to $165,000 in training grants and will provide Cambridge City officials with a $200,000 grant to assist in off-site infrastructure improvements needed for the project. Wayne County officials offered the company 50 acres of land, $165,000 in grants and a 10-year property tax abatement.

The facility opened in October of 2008 with 250 of the projected 1,000 jobs to start, and over the last few years the company has had numerous challenges reaching initially estimated milestones of investment and jobs created.

Today, the company told workers who showed up for their morning shift that the facility was closing, and in a press release sent after 9 AM, announced the company is shutting down.

A couple of initial thoughts and questions about this unfortunate announcement:

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The U.S. debt ceiling: Sam needs an intervention

Don't Feed WildlifePoliticians in Washington D.C. sometimes make the issue of whether or not we raise the U.S. debt ceiling sound like an essential and complex challenge, one that only their particular brand of political maneuvering, posturing and compromise can rise to meet.  But from what I can tell, there's actually some fairly simple financial math involved, and the implications for the state of our nation are fairly straightforward.

But more importantly, the conversation about raising the debt ceiling is the wrong conversation to be having.

I'd like to present those observations, but instead of referring to "the U.S. Government" every time, I'll just refer to this guy "Sam."

Please tell me if I'm wrong or over-simplifying:

AIG: Too Important to Fail

At some point, you've probably heard some version of the axiom that it's better to fail quickly and often, because then you learn a lot - about what not to do, and about what does work.  One thing I appreciate about working in the world of technology is that there are lots of opportunities to fail, and there's very little room culturally to keep failing in the same way multiple times.  You either learn your lesson and find ways to do it better the next time, or you're left behind.

I can't help but contrast this to today's news that AIG (American International Group), a for-profit corporation that is not doing well, will be given $30 billion in taxpayer dollars, after the $150 billion in taxpayer dollars they got last year apparently didn't do the trick.

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Obama adoption of "there is no alternative" stance on economy

Two lines stood out to me about President Obama's press conference opening remarks on the state of the U.S. economy:

...at this particular moment, with the private sector so weakened by this recession, the federal government is the only entity left with the resources to jolt our economy back into life.

I think this is not only incorrect, but also quite counter to the "grass roots we can do it yes we can" message that got Mr. Obama to the White House.  If we accept that the only way to heal a broken economic system is through the actions of the federal government, we absolutely dis-empower and even discourage individuals, families, local communities, and regional partnerships from taking action, taking responsibility for their own way of life.  I think it's irresponsible of Mr. Obama to suggest that we must turn to the federal government's resources for something better, that there is no alternative.

Second:

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