Another Infamous Issue 3 September 16, 2016

Issue 3—would remove the cap on all state-issued bonds amendment which would allow the state to issue unlimited bonds to a corporation, association, institution, or individuals to help finance economic development projects & services.

Issue 3 on the November ballot is described as a “multi-pronged measure (theoretically) promoting economic development”.
Issue 3, promoted by Regional Chambers of Commerce.

Issue 3 is a reach-out for acquisition of unlimited political power and mischief.

The National Chamber of Commerce is the largest financial advocate of mass immigration, open borders, illegal labor and amnesty. Are enablers & advocates for outsourcing jobs via NAFTA, GATT, TPP—billed as “free trade”—Not free!

Issue 3 would effectively add to Arkansas government’s own wealth and the wealth of its favored groups.

If passed, the Arkansas government & legislature will be in a position to dominate the entire state economic system, replacing the private sector.

The word “regional” equates to losing individual cities’ political & economic influence.

An example of a super-project gone awry–the failed Lockheed-Martin $87.1 million expansion in Camden, Arkansas.

Revealed: Doug Coutts, Senator Tom Cotton’s Chief of Staff, son of Robert Coutts, a former executive at Lockheed, now owner of the company Missile & Fire Control facility in Camden. Robert Coutts & wife gave thousands to Cotton’s senatorial campaign.

David Ray, a former spokesman for Senator Cotton, regarding the failed Lockheed deal, “Arkansas taxpayers shouldn’t be fronting for one of the largest & most successful companies in the world”. Ray continued, “Streamline regulations that will benefit all businesses, not just one hand-picked company”.

The matter of the failed Fort Smith Mitsubishi plant. Total cost? Status & cost of the arcane Arkansas State University located in Queretaro, Mexico?

Giving politicians’ carte blanche spending ability is gross stupidity.

Joe McCutchen