Economy Archives

In a recent Executive Order signed by Gov. Walker, Executive Order 18, what should be seen as progress and an end to unfair discrimination has instead been turned around by the AFL-CIO as a slam against workers again, specifically against young workers, an end to apprentice jobs.

Walker Slams Door on Young Workers, Ends Apprentice Jobs

Walker quietly issued an executive order this month suspending rules that require contractors on state projects to employ workers under the state apprenticeship program.

Walker’s executive order, his 18th, was not distributed as a press release, unlike the prior 17, each of which can still be read on the “Media Center” section of the governor’s website.

Under the apprenticeship program contractors provide on-the-job training in a skilled trade to apprentices and also pay them wages as they attend classes at a technical college or other institution. It is overseen by the state Department of Workforce Development, and carried out at the local level by the state’s 94 local trade committees, boards staffed by local employer and employee representatives.

Like apprenticeship programs around the country, Wisconsin’s is a pathway to good, skilled middle-class jobs for young workers. State Rep. Barbara Toles (D) says suspending the rules will:

negatively impact people’s ability to gain access to apprenticeships, especially minorities and women.

In actuality what Gov. Walker did was to rescind EO 108 which requires that companies that bid on govn’t jobs have apprenticeship programs.  While apprenticeship programs are all well and good, this discriminates against companies with do not have these programs, which may offer more specialized services and which may be able to bid lower on the projects.

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Technorati Tags: AFL-CIO, Executive Order 18, lies, unions, Wiscinsin

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Ok, I have a confession to make.  For most of my life I admit that I have been mostly apolitical.  I’ve called myself an Independent mostly because I didn’t pay enough attention to politics to actually choose a side.  Pathetic, isn’t it?

Well, a few months ago I started opening my eyes to what’s been going on around me.  I live in Wisconsin, it’s my adopted home state for more than a dozen years now.  For the past few years, in the peripheral, I’ve notice little things about this wonderful state disintegrating; morals, ethics, the hard work ethic, etc.  I’ve seen taxes go up and up and up and seen nothing in return.  Some of the very reasons I moved from the east coast to WI were disintegrating before my very eyes and the more I tried to find out why, the more my research took me in the direction of the politicians, specifically the left leaning politicians of this state.

And The Education Begins…

Last November I decided it was time to stand up and show that I had a voice.  I researched the political candidates; the platforms they were running on, their past records, anything I could find, then I made my decisions using the information I gathered and voted.  I voted based on the principals that I myself practice; fiscal responsibility, don’t spend what you don’t have, smaller govn’t because I have a brain and am a reasonably intelligent person and can make my own decisions in my life. I also admit that I basically voted against most any incumbent on the ticket because obviously they weren’t doing the job for WI, they were only doing the job for themselves or for special interests or they didn’t have a position with enough strength to make any kind of change.  Time to ring in the new.  In the end Wisconsinites seem to be feeling the same way.  Most incumbents out with Conservatives taking control and leading the way.  Now it was time to wait and see what would happen.

It didn’t take long.  Governor Scott Walker took office and hit the ground running! He inherited a state with a $137 million budget deficit with approximately a $3.7 billion shortfall in the 2011-13 budget.  There’s also a $58.7 million payment to the State of Minnesota after the end of a tax-reciprocity agreement between Wisconsin and its neighbor; as well as an additional $200 million that the state is under court order to return to a medical malpractice fund.

NOTE – I’m going to try to do a brief overview here, way too much to go into detail on and there are so many details and so much that has happened here in WI since Gov. Walker took office.  I hadn’t planned on even getting into this but day after day and week after week my frustration level has risen to the point that I need to speak out.  The propaganda, misinformation and outright lies that are surrounding this debacle in WI are just mind boggling!  I went into this open-minded and read and researched, talked to people and listened to differing opinions and as someone who has considered their self to be politically Independent,  I have found myself moving further and further to the right!

As for Gov. Walker, one of his promises was to bring/create 250k jobs in WI and in his first step to do this he has implemented measures to make WI business friendly by offering incentives to bring new businesses in.

The first bill would provide a total personal income or corporate tax break for two years for businesses that relocate to Wisconsin. The incentive would be retroactive to Jan. 1 and would lower state revenue by an estimated $1 million over two years. Firms receiving it cannot have done business in the state for at least two years before moving here.

The second bill would add $25 million to the Economic Development Tax Credit program, bringing it to $98.1 million. The credits can go to businesses that locate or retain corporate headquarters in Wisconsin, create jobs, make capital investments or train workers. (JSonline)

Then the left starts throwing out accusations that Gov. Walker basically manufactured the budget deficit and handed out $140 million in tax breaks and spending which was proven to be blatantly false.

The Budget Repair Bill; The War is On!

Knowing that the upcoming budget was going to include massive cuts to balance WI’s budget shortfall, Gov. Walker unveiled his Budget Repair Bill. The idea behind the bill was to “balance the budget and lay the foundation for a long-term sustainable budget through several measures without raising taxes, raiding segregated funds, or using accounting gimmicks.”

The most obviously contentious provision of the bill was it’s aim to reign in the power of the public sector unions by eliminating collective bargaining for all but wages and increase public employees contribution to their health coverage and retirement by 12% and 5.8% respectively.  This included all public sector unions with the exclusion of police officers and firefighters.

Wisconsin Gov. Scott Walker, a Republican, has said he excluded the two groups from the bill—which curbs benefits and strips public-employee unions of nearly all collective-bargaining rights—to ensure that their critical public-safety work would continue free of disruptions or delays that such changes could cause. (WJS)

One of the components regarding unions included that no longer would the govn’t collect unions dues.  Public employees would have the option of sending them in or not and you can imagine that this didn’t sit too well with the unions.

Sure, there was a lot more to the Budget Repair Bill but in Gov. Walker’s bid to limit the unions’ power and get their hands out of the pocket of the taxpayer, he had figuratively thrown down the gauntlet and the reaction was as if they, the public workers and unions, had been sentenced to death, and maybe, in a way, they had to a degree.

Let The Protests Begin!

First, 17 hours of hearings and it didn’t take long for the Capitol to be overrun with throngs of people.  And then WI’s “honorable” Democratic Senators, instead of doing their job, decided to flee the state to IL on 2/17, ostensibly to give the public time to learn what was in the Budget Repair Bill. The 61 hours of debate in the Assembly to pass the House since the Senate Dems were holding the state of WI hostage by stalling the Bill in the Senate.

Three weeks later, after our beautiful Capitol had been occupied with people living and sleeping and protesting inside and out, the Democrat Senators were still refusing to return and do their jobs.  During that time, all the while saying they would be willing to give in to the financial concessions, the unions were scurrying around negotiating new contracts and contract extensions (Just a few examples 1, 2, 3 ).  Kind of makes you wonder the real reason the Dems were staying away, doesn’t it?  Oh, and many, if not most of these contracts of course did not include the concessions that the unions said they would be willing to give… surprise, surprise!  Some of them even included raises, even after the 2011-13 Budget was unveiled showing about a billion dollars in cuts!

And as our Capitol was awash in protesters, the MSM continuously portrayed the protests as civil and peaceful.  You didn’t hear them talk about the damage, approximately $350k worth, to the Capitol.  You didn’t hear about them defacing the Civil War Monument, you didn’t see the signs; vile and profane, to put it mildly, and much, much more.

Other interesting tidbits…

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I Vote Democrat Because….

I voted Democrat because I believe oil companies’ profits of 4% on a gallon of gas are obscene but the government taxing the same gallon of gas at 15% isn’t.

I voted Democrat because I believe the government will do a better job of spending the money I earn than I would.

I voted Democrat because Freedom of Speech is fine, as long as nobody is offended by it.

I voted Democrat because I’m way too irresponsible to own a gun, and I know that my local police are all I need to protect me from murderers and thieves.

I voted Democrat because I believe that people who can’t tell us if it will rain on Friday can tell us that the polar ice caps will melt away in ten years if I don’t start driving a Prius.

I voted Democrat because I’m not concerned about the slaughter of millions of babies through abortion so long as we keep all death row inmates alive.

I voted Democrat because I think illegal aliens have a right to free health care, education, and Social Security benefits.

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Technorati Tags: Democrat, government control, Gun Control, Illegal Aliens, Liberal, taxes, vote

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susan_roesgenAmerican citizens, both young and old furious over Barack Obama’s economic plans took to the streets yesterday in what they’re calling “Tea Party” protests. That is, of course, an allusion to the Boston Tea Party, a protest that helped spark the Revolutionary War. While outrageous spending is what sparked the Tea Parties, the concern at the heart of most protesters is that the government is NOT listening to them. Not listening to them in regards to taxes,securing the Mexican border,term limits for Congress. Protesters carrying signs saying, ” I had a 401k now I have change”, “Born Free,Taxed to Death”, ” We Came Unarmed,THIS TIME” and ” We are not your ATM” just to sight a few.

CNN sent reporter Susan Roesgen to a Chicago “tea party,” and the results were inflammatory. First Ms. Roesgen went up against a man who labeled President Obama a “fascist,” . Roesgen then approached another protester, who was not pleased with the Administration and its policies . Roesgen, after interviewing these two protesters threw her hands up and described the protesters as “anti-government” and “anti-CNN” because the protests have been “promoted by the right-wing conservative network Fox.”

Protesters attending the rallies have been labeled “right wing extremists” . Is it extreme to want our borders secured? Is it extreme to NOT want our great grandchildren taxed to death?? Isn’t it amazing how when CNN and the left wing nut cases where criticizing Bush we were all told that dissent was the highest form of patriotism??

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Technorati Tags: CNN, Susan Roesgen, Tea Party

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We The People Stimulus Package

Technorati Tags: Common Sense, stimulus package, we the people

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Economic Notice

light-at-end-of-tunnelDue to recent budget cuts and the cost of electricity, gas and oil, as well as current market conditions and the continued decline of the economy, The Light at the end of the tunnel has been turned off.

We apologize for the inconvenience.

Technorati Tags: budget cuts, economic decline, market conditiond

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here-it-comesFannie Mae, following AIG’s suit is now planing to give bonuses to top execs despite doing an abysmal job.

Fannie Mae, in an effort to keep hundreds of employees from leaving the government-controlled company, is planing to pay retention bonuses at a minimum of at least 1 million dollars to four “key” executives.

Freddie Mac is also planing disbursing similar awards but has yet to report which executive will be the recipients.

These two companies hold or back more than 50% of the mortgages in this country. Now for the kicker, these two companies requested a grand total of 60 billion dollars in federal assistance to keep them solvent. With Freddie Mac requesting 45 billion dollars and Fannie Mae requesting 15 billion.

It is outrageous enough that the very people who drove these companies into the ground are still even employed at their respective companies but now to reward them for preforming poorly is pure lunacy. I for one do not buy the statements made that these bonuses are contracts and must be honored. Congress just gave judges the authority to essentially re-write mortgages, decreasing not only the interest charged on the loan but the ability to decrease the actual principal amount. Now I ask you is a mortgage note a contract or is in not??

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Technorati Tags: AIG, bonuses, executive bonuses, Fannie Mae, Freddie Mac

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An Open Letter to the IRS

Actual “Letter to the Editor” from the February 5th edition of the Wichita Falls, Texas, Times Record News….

Dear IRS,
I am sorry to inform you that I will not be able to pay taxes owed April 15, but all is not lost. I have paid these taxes: accounts receivable tax, building permit tax, CDL tax, cigarette tax, corporate income tax, dog license tax, federal income tax, unemployment tax, gasoline tax, hunting license tax, fishing license tax, waterfowl stamp tax, inheritance tax, inventory tax, liquor tax, luxury tax, Medicare tax, city, school and county property tax (up 33 percent last 4 years), real estate tax, social security tax, road usage tax, toll road tax, state and city sales tax, recreational vehicle tax, state franchise tax, state unemployment tax, telephone federal excise tax, telephone federal state and local surcharge tax, telephone minimum usage surcharge tax, telephone state and local tax, utility tax, vehicle license registration tax, capitol gains tax, lease severance tax, oil and gas assessment tax, Colorado property tax, Texas, Colorado, Wyoming, Oklahoma and New Mexico sales tax, and many more that I can’t recall, but I have run out of space and money.

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Technorati Tags: Letter to the Editor, taxes, Taxes owed

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651,000 Jobs Cut in FEB — Reid, Pelosi, Obama  &  Chamber of Commerce Insist on Importing More Foreign Workers

By Roy Beck

Another month has passed. Another half-million (or more) jobs have been lost. And our federal leaders continue to do nothing about auto-pilot programs that are flooding our country with foreign workers.

Nothing has changed since last year when 138,000 new foreign workers were added to the U.S. each month on average.

Here are the latest government facts that can’t seem to soften the hardened hearts of our leaders . . . .

  • The official unemployment rate has soared to 8.1% (highest since 1983)
  • U.S. employers cut 651,000 jobs in February -That is on top of 655,000 jobs lost in January and 681,000 jobs cut in December.
  • 4.4 million — Total jobs eliminated since the recession began in December of 2007.

The number of Americans reeling from the bad job market is staggering:

  • 12.5 million Americans are actively looking for a job and cannot find even part-time employment.
  • Another 8.6 million Americans want a full-time job and have been forced to work part-time.

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Technorati Tags: Foreign workers, Government, illegal immigrants, Job cuts, Jobs, Obama, Unemployment

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Today the House approved a bill (234-191) that would give bankruptcy judged authority to dictate, I mean change, the terms of the loan for home owners that are under water or upside down on their mortgages.

Simply stated, it means the borrower owes more on his home than what the current market value of the home is.

Bankruptcy judges will have the ability (assuming it passes the Senate) to wipe out the portion of the debt that is under water. For instance, if John Smith took out a 200,000 mortgage to by his home in 2005, but current market conditions now dictate that the homes value is now 140,000 the judge can adjust the mortgage, payments and interest, to reflect the current market value of 140,000.

First let me say to the 92% of Americans that pay their mortgages on time and bought homes they could afford, sorry suckers you should have have purchased bigger homes in more affluent areas.

This is wrong on so many levels I can hardly determine where to begin. First and foremost judges are just that…judges. They are not accountants, bankers or realtors. The banks that hold these mortgages can’t not realize these losses.

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Technorati Tags: Foreclosure, governement bailout, Mortgage

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