From Louisville Courier-Journal:
Gov. Ernie Fletcher today signed legislation creating potential incentives worth about $200 million to help keep Ford Motor's two Louisville factories open. "This legislation makes it possible for us to go back to the table and continue negotiations with Ford using these new economic development tools," Fletcher said in a prepared statement.
The two plants employ more than 8,000 have an estimated economic impact of more than $4 billion. The governor's announcement included a comment from Curtis Magleby, Ford’s director of U.S., state and local government relations.
"Passage of HB 536 sends a very strong message regarding Kentucky's desire to strengthen the long-standing partnership between Ford and the commonwealth. This show of support comes at a critical time for Ford as we continue to face unprecedented competitive challenges that shape our business," he said.
Fletcher’s dream is realized. The Republican ideal is betrayed.
This legislation will not aid Ford. Welfare with work remains welfare…. Fordfare.
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