There is a problem. Nobody wants to buy carbon fibers enough to cover the costs of manufacturing them, apparently. To remedy the situation, industrialists extended their crippled, needy hand to the 21st century version of Father Christmas – the $12 trillion national debt. Representative Heath Shuler (D-Waynesville) announced today Fletcher-based Materials Innovation Technologies will be receiving $132,000 from the National Science Foundation. The funds will go toward creating 120 high-paying jobs in South Carolina. MIT will build its new facility in South Carolina because that state offered them $5 million in corporate welfare.

. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.