2-6-15 – Peter Shumlin, Chief Dispenser of Handouts

by John McClaughry

Last week we learned that Gov. Peter Shumlin has decided to dump the remaining $2.5 million in the Vermont Enterprise Fund – otherwise known as Peter Shumlin’s economic development slush fund – into the corporate coffers of Global Foundries, the multinational computer chip maker owned by the government of the Arabian sheikdom Abu Dhabi.

This is addition to the fifteen hundred million dollars IBM will give to Global Foundries over ten years in return for a supply of computer chips.

Shumlin implored the legislature to create the crony capitalist Enterprise Fund last spring, and give it $4.5 million to play with. Two million of that was removed in the budget process, so this $2.5 million empties the barrel. Global Foundries will get it all.

Here’s the telegram the Governor ought to be sending to the Global Foundries owners back in the Persian Gulf.

“Dear Crown Prince of Abu Dhabi: Thanks so much for taking over IBM’s Vermont plant! We at the Shumlin Welcome Wagon Program are pleased to drop $2.5 million of our taxpayers ‘dollars on you, in appreciation of your investment. It isn’t much, but if you need another limousine or anything, be sure to let me know. Our taxpayers are always happy to send money to foreign multinational companies. Yours truly, Peter Shumlin, Governor of Vermont and Chief Dispenser of handouts to multinational corporations.”

However I doubt that’s the way Peter Shumlin will spin it.

{ 4 comments… read them below or add one }

jim bulmer February 6, 2015 at 10:28 pm

Shumlin is running neck and neck with Obama when it come to intentionally ruining our country and our state. I hope the dopes in Vermont responsible for his being reelected are satisfied. I for one am NOT a happy camper and the sooner this clown leaves Montpelier the better. Only problem is that when Leahy retires, Shumlin will porbably take his place. Sanders and Shumlin? What a pair.


john mendenhall February 8, 2015 at 6:14 pm

Perhaps we need to support Bernie’s run at the White House.
That might retire Sanders as Senator for good.
Then Shumlin will have a lane in a race opening up the govenorship.


Doug Richmond, Underhill February 7, 2015 at 6:50 pm

Smile! maybe the reason that Leahy just announced he will run for another 6 year term………. is that he too doesn’t trust Shumlin for a second either. ?!?!


john mendenhall February 8, 2015 at 6:11 pm

sounds like Leahy wants to go out in DC not VT


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