The Kestrel de-financing mystery.
CEI Capital Management, LLC (CCML) is a for-profit subsidiary of Coastal Enterprises, Inc. (CEI) that furthers CEI's mission to help create economically and environmentally healthy communities in which all people, especially those with low incomes, can reach their full potential by working to help attract capital to low-income areas using the U.S. Treasury Department’s New Markets Tax Credit (NMTC) program.The New Market Tax Credits program targets low-income areas and applies to any kind of business, not only those in the Maine legislature's "targeted sector". However, the state agencies that I have looked at all target the legislature's "targeted sector" and seek to satisfy the "social benefits" justification for use of taxpayer money.
This is the CEI's Mission Statement:
CEI’s philosophy and mission are rooted in the civil rights movement. Since its inception in 1977, CEI has grown and adapted to changing markets and new possibilities, always focused on helping people, especially those with low incomes, reach their full potential. Targeted sectors have included:Now, where have we heard the term "social justice" before?
…all to achieve social and economic justice within sustainable communities.
- value-added fisheries, farms and forest projects
- microenterprise development
- the creation of supported, rental and privately-owned housing
- assistance to women business owners
- child care facility development and
- support for refugees and new immigrants
Today, political activists often use the phrase “social justice” to justify government redistribution of wealth. In the mid-1800s, however, Taparelli prefaced “justice” with “social” to emphasize the social nature of human beings and, flowing from this, the importance of various social spheres outside civic government. For Taparelli, these two factors were essential in formulating a just approach to helping those in need.
Full disclosure this is a statement from First Things About Us page :
First Things is published by The Institute on Religion and Public Life, an interreligious, nonpartisan research and education institute whose purpose is to advance a religiously informed public philosophy for the ordering of society.The question remains unanswered as to why the federal funding for Kestrel fell through. Considering the amount of tax money invested in the MRRA on the promise of federal funds this is a question that should concern the general taxpayer. The question in my mind is whether it fell through for the Kestrel project or fell through for MRRA, which would have a more far-reaching impact, especially if it concerns the unconventional merging of two mutually exclusive legal entities- a municipal corporation and an instrumentality of the state. If the loss of the federal capitalization had to do with this, it would likely apply to the other federal funding for the MRRA, which gets the bulk of its funding from the federal government.
The CEI describes the MRRA as "a public municipal corporation established by the Maine State Legislature" .
The University Of Maine is in the inner circle of the legislature's "targeted sector". If you search the term 'socialism" on the University of Maine website, you will get 129 results.
A diagram found for the first course on the list, Models of Market Socialism, makes my case that the operative government of Maine is socialist. Unfortunately, this diagram is too wide for the space but I have transposed the top layer of content so that it can be presented here. I think it clearly demonstrates that The State of Maine since it decided to disregard Article IV, Part Third, Section 14 of the Maine State Constitution, is unquestionably a socialist government
Italicized comments aside - this is directly quoted from the University of Maine course.
Ownership of wealth/means of productionSoviet Socialism: StateCapitalism: private and inheritableSoviet Socialism:State appropriation and investment
Accumulation, control & use of surplus (e.g., investment)Capitalism: Exploitation; private savings; private banksCoordination: market vs. planningSoviet Socialism:central planningCapitalism: markets in consumer and producer goods, capital and labor; fiscal & monetary policy; minimal state investmentAccountability of management
Soviet Socialism: to state bureaucracyCapitalism: to non-working owners (note the exclusion of working owners- i.e., the micro economy)
Take the Small Enterprize Growth Fund- truly an example of socializing the risk and privatizing the gain and to whom does it submit ian annual report? To the legislature who chartered this hybrid corporation, placing it categorically in "accountability to the state bureaucracy." (socialism)
This very interesting link to another course of socialism that is being taught at the University Of Maine,
From The University Of Maine
To be continued .