U.S. Senate candidate and Libertarian Christopher Cole doesn't have the money to put a campaign ad on the air, but he has been making use of e-mail to raise questions about Republican Elizabeth Dole, the incumbent, and Democrat Kay Hagan. One missive that arrived over the weekend takes aim at Hagan for her role in the Dell deal.
For those who didn't catch the news last week, Dell has said it might sell its plant in Forsyth County. That plant, Cole points out, was lured to North Carolina by way of incentives passed during a specially called session of the General Assembly.
Hagan was one of the original sponsors of that bill. (More here.-PDF)
Cole had this to say:
As do all Libertarians, US Senate nominee Christopher Cole opposes so-called "economic incentives", more properly referred to as "corporate welfare", as an immoral tax on citizens to benefit corporate profits. In addition to the moral issue, Dell's cut-and-run with Hagan's complicity clearly demonstrate the uselessness of such incentives.
Corporate welfare cannot produce economic development. Rather, it props up inefficient businesses at taxpayer expense. By promoting inefficient businesses over self-sufficient, consumer-preferred competitors, such government-corporate hybrids actually reduce longterm economic growth. In other words, the development and jobs claimed for such projects are actually just snake-oil promotions.
As a supporter of laissez-faire capitalism over corporatism, only Libertarian Christopher Cole advocates letting taxpayers keep their own money, because they can be trusted to support the best companies in the market. Something which cannot be said of Democrat Kay Hagan.
I'm not sure this line of attack works in a political context - readers probably tuned right out at "laissez-faire capitalism" - or is necessarily fair - a lot more people than just Hagan helped craft and vote that bill.
Still, Hagan has been trying to hammer away at Dole's voting record. I'm wonder if along with the yipping dog commercial, we're going to see some critiques of Hagan's state Senate votes from Dole's campaign.
By the way, here's a sample of what lawmakers at the time said about their approval of the Dell deal to my colleagues:
A bundle of tax incentives crafted to draw a major computer maker to the Piedmont Triad cleared the legislature Thursday.
The measure, worth at least $242.5 million over 15 years, could result in Texas-based Dell setting up a factory in either Guilford or Forsyth counties and employing perhaps as many as 2,000 people.
"We all know Dell can go anywhere in the world," state Sen. Kay Hagan , D-Guilford, said during floor debate. "We need this company. We need these jobs."
Salaries will average $28,000 and range from $18,000 to $140,000, state officials said.
Senators approved the bill 33-15. The House passed it a few hours later 92-18.
No matter how distasteful such government-sponsored breaks for certain businesses may be, North Carolina cannot stop the practice and risk missing out on new jobs, said Sen. David Hoyle, D-Gaston.
"If we don't play, we lose," said Hoyle, co-chairman of the Senate Finance Committee. "If we don't pass the bill, the jobs will go to Tennessee or Virginia, plain and simple."