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Poor ol' Rick is pickin' but not grinnin'

This is a discussion on Poor ol' Rick is pickin' but not grinnin' within the Current Events forums, part of the Tech Support Forum category. Republican Gov. Greg Abbott began dismantling a flagship initiative of his predecessor Thursday, saying he will abolish Rick Perry's pet


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Old 01-30-2015, 06:19 PM   #1
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Republican Gov. Greg Abbott began dismantling a flagship initiative of his predecessor Thursday, saying he will abolish Rick Perry's pet program that gave $200 million in taxpayer dollars to Texas startups and was beset by bankruptcies and questionable claims of success.

The decision was not surprising. Abbott signaled throughout his campaign that the Texas Emerging Technology Fund troubled him ideologically, but problems with the decade-old program ran deeper than new Republican distaste for governments "picking winners and losers" in the private sector.

Texas lost tens of millions of dollars investing in failed high-risk startups and the fund's inner workings largely were kept from public view. An Associated Press investigation last year revealed undisclosed troubles with state-funded companies that had stagnated, didn't file tax reports and made questionable job-creation claims.
Take monies away from our schools and piss it away trying to build "tha base" for a run at the Presidency

Perry's pet fund for Texas startups a goner under Abbott
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