The government has a de facto advantage over private organizations. One example is that the government has the abused power of eminent domain. If the government (read former Baltimore County Executive Dutch Ruppersberger) wants to remove some homes or underutilized waterfront properties, it can abuse its powers and confiscate the properties, removing the tenant, and giving them what they think is just compensation in return, even if the compensation is re-donkulously low.
The government tends to not understand simple economics. For example, my car may be worth $100. However, if a member of the Maryland House of Delegates like Kumar Barve gets drunk again and crashes into my car and totals it, then I have to replace the car. I cannot replace it for the $100 that it was worth. My cost of replacement is much higher. So let's say that the government confiscates a retired person's property and gives them $35,000. What are they going to do with that? They may not be able to afford a house payment on a new property, despite being able to use the proceeds as a down-payment. They are retired and have no earned income anymore. See how this is a problem? Private corporations cannot remove you from your property. Advantage - the government.
Additionally, the government can stonewall private corporations from getting their projects completed. Need an inspection? We'll be there in August. Need a review of your site plan? Should be done by next May. Need a tax-break? Nope. Oh, this is a government project? We'll send someone out today. Tax-break? Sure, no problem. Advantage - the government.
Now onto today's big news. The Baltimore Convention Center Hilton Hotel is failing. It is failing miserably. The giant eye-sore hotel that obstructs the nice view that Camden Yards fans once had is losing MILLIONS of dollars per year. Martin O'Malley pushed hard for this city-owned hotel when he was mayor. Why should the city be in the hotel business???
|Baltimore City-owned eyesore Hilton Convention Center Hotel|
Nothing is EVER Martin O'Malley's fault. He NEVER makes bad decisions. It's ALWAYS someone else's fault. He sounds a lot like my brother. Listen, Gov. You need to start taking responsibility and be accountable for your actions. This is what we tell our children all the time. It's time to lead by example and stop whining like a politician.