USEC said the U.S. Department of Energy would not proceed with USEC's application for a loan guarantee to complete the construction of the American Centrifuge Plant in Piketon Ohio. USEC has a very efficient technology for enriching uranium. With the DOE's decision, the company said it is now forced to initiate steps to demobilize the project. This will mean more job losses for Ohio and gives us a clear picture of the DOE’s position on Nuclear Power.
Personally, I cannot fathom how this decision supports the clean and green mantra of the current administration. It isn’t like they are giving them the money. Their only guaranteeing the loan.
Tuesday, July 28, 2009
Wednesday, July 22, 2009
Shared Work Program - Political Insanity!
How many people have heard of the Shared Work Program?
For those of you, like myself, that have been in the dark on this program, let me give you the quick version.
If a company, because of the economic times, is about to lay off one or more workers, they can instead opt for the Shared Work Program.
This program allows them to cut all of their workers hours and paycheck by at least 20%. The 20% pay loss to the workers will be covered by checks from the state through unemployment.
Yes you heard me right. The employer keeps all of the people working but at reduced cost and the state unemployment fund picks up the tab. How backwards could a plan be. The claim is that it will keep more people working but the reality is that it is tax payer dollars funding misguided socialism.
Let's look at the problems with this idea:
For those of you, like myself, that have been in the dark on this program, let me give you the quick version.
If a company, because of the economic times, is about to lay off one or more workers, they can instead opt for the Shared Work Program.
This program allows them to cut all of their workers hours and paycheck by at least 20%. The 20% pay loss to the workers will be covered by checks from the state through unemployment.
Yes you heard me right. The employer keeps all of the people working but at reduced cost and the state unemployment fund picks up the tab. How backwards could a plan be. The claim is that it will keep more people working but the reality is that it is tax payer dollars funding misguided socialism.
Let's look at the problems with this idea:
- Most states have already run out of unemployment funds. This is coming from the stimulus package.
- This doesn't create jobs but instead provides funding for businesses that should be contracting and finding better ways to be more cost effective.
- This is being used as a way for companies to lower their payroll, creating an unfair advantage over more successful companies. These successful companies will then use the program, even if they don't need to, just to stay competitive.
- This program reduces the incentive to excel in your job. Instead of over achieving in order to make sure you are a valued employee, all you have to do is be average because good times or bad we'll make sure everyone is equal. That's what I want a team of average employees...not!
Monday, July 13, 2009
It's always about Jobs!
I keep hearing from the left that the stimulus package will save us, but which stimulus package are they referring? The first one had almost no impact at all. The second one has bailed out State deficits for the moment. Now they are talking about a third one.
The right is saying no more stimulus packages, but they provide no clear direction. They talk about tax cuts, but with the enormous spending that has gone on since the turn of the century we only have so many options before our treasuries become junk bonds.
Why not have some real courage? Jobs are the only thing that will let us catch up to the runaway deficit. That means real jobs, not government jobs. Jobs created and supported by the capitalistic free market. So, you ask me; how can we create jobs in this economy without throwing money at it? The answer is simple - make this the most attractive place in the world to own a company.
0% corporate tax will make all the difference. Currently, corporate tax revenues account for less than 20% of the total taxes collected. That is less than the uncollected personal taxes. It is also far less than the amount of taxes which are illegally avoided. Think of it, the United States will once again be the best place in the world to base a global corporation. It will also bring jobs back to the U.S. in droves as money is repatriated.
Don't underestimate repatriated earnings. More jobs are lost to other countries because multi-national companies are financially forced to spend their profits over there versus bringing it back into the U.S. to be taxed. These numbers are greater than the overused complaint of cheaper wages. 0% corporate tax will repatriate money and bring back jobs. Imagine other countries outsourcing to the U.S....that would surely boost the economy by employing more people who will pay taxes...more than compensating for then lost tax revenue.
The right is saying no more stimulus packages, but they provide no clear direction. They talk about tax cuts, but with the enormous spending that has gone on since the turn of the century we only have so many options before our treasuries become junk bonds.
Why not have some real courage? Jobs are the only thing that will let us catch up to the runaway deficit. That means real jobs, not government jobs. Jobs created and supported by the capitalistic free market. So, you ask me; how can we create jobs in this economy without throwing money at it? The answer is simple - make this the most attractive place in the world to own a company.
0% corporate tax will make all the difference. Currently, corporate tax revenues account for less than 20% of the total taxes collected. That is less than the uncollected personal taxes. It is also far less than the amount of taxes which are illegally avoided. Think of it, the United States will once again be the best place in the world to base a global corporation. It will also bring jobs back to the U.S. in droves as money is repatriated.
Don't underestimate repatriated earnings. More jobs are lost to other countries because multi-national companies are financially forced to spend their profits over there versus bringing it back into the U.S. to be taxed. These numbers are greater than the overused complaint of cheaper wages. 0% corporate tax will repatriate money and bring back jobs. Imagine other countries outsourcing to the U.S....that would surely boost the economy by employing more people who will pay taxes...more than compensating for then lost tax revenue.
Subscribe to:
Posts (Atom)