Have you seen the latest spring clothes on the takeover propoganda: http://www.riverofopportunity.org/ ? If it sounds too good to be true - - -
Tags: alcoa, project, relicensing, takeover, yadkin
Where's the part where anyone else can comment on the River of Opportunity"'s blogs?
That would be HERE on this blog, Whiggie!
I read the following article on Inside Stanly this morning. It proves that Alcoa's $5million investment on turbine improvements have actually paid big dividends . . . creating 100% compliance with dissolved oxygen standards.
I see "River of Opportunity" as the false hope by a couple of nonprofit organizations that Alcoa will be coerced into crying them a river of cash as part of a big settlement of a lawsuit threat that has YET to be filed.
I still haven't seen any kind of a realistic financial plan. They're using the old "21st century plan". That was fairly close to Alcoa's gross receipts, but way off on expenses. There will be no profits for the first 10 years, since there are obligations for further DO upgrades. Then they'd have to pay for the property, and I don't think their wild dreams of getting it for pennies on the dollar would come true. According to the US Constitution, they'd have to pay fair market value. I figure it would take 62 years to pay that off, not counting interest. So -- we're looking at something like a minimum of 75 years before they'd have any profits to spend on job incentives, or any of the older promises they were making (have they abandonded those?).
But, hey, mindless "River of Opportunity" twitter followers, don't bother with details, get in line! The financial precipice is right over the next hill!
"River of Opportunity"?
Puh-leez! They can't afford to buy the 'river of opportunity' from Alcoa, if they pay "Just Compensation" as required under the 5th Amendment to the U.S. Constitution!
What are they thinking? This is not Cuba or Venezuela, where privately-owned property can just be "EXPROPRIATED" at the whim of the government. These folks need a copy of the U.S. Constitution, and they should read it, before they go shooting from the hip with their Utopian dreams.
I do not know of a single example (in the U.S.) where property was condemned just because the State thought they could do a better job of operating a business, or wanted its profits. How many years do you think the legal challenges on that would take?
The last get-rich-quik scheme we had around the river left a bankrupt project, debris and contamination that no one can afford to clean up, and investors out of money. They did have people stupid enough to buy into it, though. People don't think clearly when they're blinded by visions of GOLD.
Maybe the takeover proponents have been listening to that old favorite song of The Guess Who, and are waiting for the rest of us to Share The Land with them. LOL!
I thought they overdosed on "This land is your land, this land is my land, this land was made for you and me."
I see that yesterday Stan Bingham tried to slither his way out of the criticism he's taking for his part in the "Alcoa is Evil" smear campaign. Republicans have been calling him a socialist, for his support of taking Alcoa's property, and "jobs" (or the current lack thereof) is his best excuse.
Cry me a river of opportunity, Stan!
I didn't see that yesterday. Can you fill us in? Who criticized Stan Bingham? When? What did they say? What did he say? Inquiring minds want to know.
I see that the testimonials of the "Alcoa Is Evil" crowd are on the "river of opportunity" site. "Criminals" and "polluters" and lots of other slanderous language is used. My favorite is Bev Perdue, criticizing Alcoa for making a "terrific profit" and that there's "nothing in it for North Carolina." Now if that's not Marxist, Hugo Chavez is not a socialist tyrant who's rotting from the inside out to the shell!
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