December 18th, 2009
It was reported in the late morning news a couple of days ago (KTLA morning news on 12/16, I believe it was), that Vice President Joe Biden was going to meet with the leaders of manufacturing. (I’ll call them the “majors of manufacturing” as opposed to the phrase: “captains of industry.”) The meeting was to see if the manufacturing sector could get itself composed enough to start hiring workers again.
Irv Homer, a talk-radio show host on Philadelphia talk-radio 96.5 FM, a station that is now defunct, often would speak of laws that were passed back in the seventies allowing the U.S. Government to insure U.S. manufacturers and related entities against risks incurred in any overseas ventures. Though I have yet to research and verify the existence of any such laws that insured those overseas U.S. corporate ventures, I have no reason to doubt the words of the nearly infamous [and recently deceased] Mr. Irv ("Evil Irv") Homer. http://www.irvhomer.com/
So I wonder, will Vice President Biden look to address any laws that made it so enticing for U.S. manufacturers to take their operations overseas? Obviously, it is cheaper for the majors of manufacturing to operate in countries that typically offer slave-wages to its people and countries that care not of polluting the earth. (Did you happen to see the dense smog in Bejing China during the last Olympics?) Maybe its time, if such a situation and law exist, that the U.S. Government stop financing [or at a minimum stop insuring] the U.S. firms and the exportation of American jobs to off-shore locations. It makes no sense that Americans should fund the exportation of the nation's jobs.
AVT
PS. Remembering Mr. Irv Homer:
http://www.philly.com/philly/entertainment/20090626_Irv_Homer__longtime_talk-show_host.html
and:
http://www.philly.com/philly/blogs/the-insider/Irv_Homer_dies.html
Friday, December 18, 2009
Wednesday, December 9, 2009
TARP Bail-Out / Stimulus Funds Still Available
December 9th, 2009
It was reported this morning by KTLA television news, Los Angeles Channel 5, that Treasury Secretary Geithner (and/or President Obama) has said that TARP economic stimulus/bail-out funds will remain available to financial institutions until October of 2010. It is interesting to note that while the banks are reluctant to loan monies to the people of the nation, essentially, the people of the nation will lend nearly any amount of money to the banks in the form of low interest loans / bail-out funds. Well, no doubt, the financial sectors of the nation need the money to pay the reported record levels of yearly bonuses to corporate officials for the prosperous year as a result of low interest loans they have been provided to date – while many of the nation’s people search for employment and attempt to keep a roof over their heads.
I would hereby put forth that maybe the stimulus funds would be best given directly to the people. I mean…, if the government were to give the monies directly to the consumers, most consumers would probably spend the money [locally or otherwise] and directly stimulate the economy – not horde the money like the banks. Is this difficult concept to understand? I, for one, am beginning to wonder where is the ‘change’ that the people voted for in the last election? Everything seems much like business as usual in Washington and Wall Street.
AVT
PS. Hopefully any upcoming change will not include any diminishment of the right to freedom of speech which would include the ability to question our government’s actions – as we all are aware that to question the debt could be unconstitutional per Amendment XIV, Section 4, of the U.S. Constitution.
It was reported this morning by KTLA television news, Los Angeles Channel 5, that Treasury Secretary Geithner (and/or President Obama) has said that TARP economic stimulus/bail-out funds will remain available to financial institutions until October of 2010. It is interesting to note that while the banks are reluctant to loan monies to the people of the nation, essentially, the people of the nation will lend nearly any amount of money to the banks in the form of low interest loans / bail-out funds. Well, no doubt, the financial sectors of the nation need the money to pay the reported record levels of yearly bonuses to corporate officials for the prosperous year as a result of low interest loans they have been provided to date – while many of the nation’s people search for employment and attempt to keep a roof over their heads.
I would hereby put forth that maybe the stimulus funds would be best given directly to the people. I mean…, if the government were to give the monies directly to the consumers, most consumers would probably spend the money [locally or otherwise] and directly stimulate the economy – not horde the money like the banks. Is this difficult concept to understand? I, for one, am beginning to wonder where is the ‘change’ that the people voted for in the last election? Everything seems much like business as usual in Washington and Wall Street.
AVT
PS. Hopefully any upcoming change will not include any diminishment of the right to freedom of speech which would include the ability to question our government’s actions – as we all are aware that to question the debt could be unconstitutional per Amendment XIV, Section 4, of the U.S. Constitution.
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