It's a damn shame that the cities have to plunk out millions and millions of dollars to attract a business to build in the city. Such is the case of Caterpillar!
The jobs will not even be available until 2012. A lot can happen between then and now. Look at what happened with Dell. They are just catching up and then off to Mexico! Here's a comment on the Cat deal from the WS Journal!
Congratulations, you stupid rednecks. Three southern areas competed to see who would be the most pathetic and desperate and YOU WON!!
How can you not see the absurdity of paying a multinational corporation $53 million to build a profit generating factory. Since the Journal neglected to run the numbers, that's $135,200 per full time job. At $36,000/year, that means the INCENTIVE pays almost FOUR YEARS OF SALARIES!!! This is not capitalism, this is ridiculous corporate welfare. You are being played for fools. Caterpillar came to WS because you have proved time and again that your city, county and state will sink to the very bottom of the barrel when it comes to giving tax dollars directly to corporations. How's that been working for ya? What's your unemployment rate? Huh, it's about 4 points higher than most of the Northeast, the region that you were desperately stealing jobs from 10 years ago. Caterpillar needs to build these axles in order to make money. If pathetic politicians did not offer bribes with OUR MONEY, they would still build an axle plant. Wake up, you fools...