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"Prominent economist Nouriel "Dr. Doom" Roubini, co-founder and chairman of Roubini Global Economics, argues for such a cut in today's Washington Post, saying a two-year reduction in the tax, whose burden is shared by employers and employees, would stimulate both hiring and spending. He adds that allowing the Bush tax cuts for the wealthy to expire would fully pay for this program."
Don't know how this one escaped my notice 'til now.
"The bill, entitled "Creating American Jobs and Ending Offshoring Act," would provide payroll tax relief to companies which hire employees domestically during a three-year period beginning September 22.
In addition to pushing the payroll tax holiday, the legislation includes another provision designed either to raise revenue or discourage companies from sending operations abroad. According to a Senate Democratic aide, there is a measure in the bill, introduced by Sen. Byron Dorgan (D-N.D.), that would "basically eliminates deferral of taxes for companies that move overseas but continue to sell products back in the United States." Additionally there is a measure pushed by Sen Dick Durbin (D-Ill.) that would eliminate the deduction companies can take for business expenses that are associated with moving businesses overseas. "In other words," the aide said, "You can't count the cost of moving your plant overseas as a business expense."
"To summarize, reforestation and restoration outperforms even the second-most jobs-intense activity analyzed by 74 percent, and conservation exceeds other major jobs alternatives, including especially new highway construction, Wall Street, and conventional energy sources like oil and nuclear."
Thanks kov, the greener the economy the more sustainable the job market
Thanks kov, the greener the economy the more sustainable the job market
No prob, the young definitely need somethin' more sustainable than what we got now.
"There are nearly 4 million people ages 16 to 24 who are not in school and are looking for work but can't find it. That's an unemployment rate of 18.1 percent. And that doesn't even count the 1.5 million or so more (another 6 or 7 percent) who have given up the job hunt entirely.
According to the latest monthly job numbers, while 16- to 24-year olds make up only 13.6 percent of the labor force, they account for 25.6 percent of the total unemployed.
Former CEO Leo Hindery recently made this proposal in his Huffington Post blog:
For the 3 to 5 million unemployed out-of-school youth, a group that burgeons in size every summer when another 6.4 million young people graduate from high school and college, a broad-based Municipal Youth Initiative that draws from our previous successful experiences with VISTA and CETA."
"Tens of thousands of people will lose their jobs within weeks unless Congress extends one of the more effective job-creating programs in the $787 billion stimulus act: a $1 billion New Deal-style program that directly paid the salaries of unemployed people so they could get jobs in government, at nonprofit organizations and at many small businesses.
In rural Perry County, Tenn., the program helped pay for roughly 400 new jobs in the public and private sectors. But in a county of 7,600 people, those jobs had a big impact: they reduced Perry County’s unemployment rate to less than 14 percent this August, from the Depression-like levels of more than 25 percent that it hit last year after its biggest employer, an auto parts factory, moved to Mexico.
If the stimulus program ends on schedule next week, Perry County officials said, an estimated 300 people there will lose their jobs — the equivalent of another factory closing."
This is the type of strings they should have attached to the bailouts.
"You want to take the astoundingly low interest rates that the government has to pay to borrow money, and you want to transfer that to the degree possible to productive, revenue-producing businesses," Hundt told HuffPost. "There's a huge unmet need for productive new investment, but the only way to really prime the pump is to put in really cheap capital."
The Treasury would sell securities at very low interest, lend the money at cost to the EIT, and the EIT would then turn around and lend it to private investors. Hundt calls this "really, really, low, wonderfully low, cheap capital for investors who will build these clean energy systems."
"It's really pretty simple. In fact, it's what China does," Hundt said. "And in fact China has used low-cost lending to stimulate about twice as much clean energy investing as we have in the United States."
The plan also allows for private industry and the states to be the decisionmakers. "I don't believe that we need some kind of federal, national comprehensive, Washington-dictated solution. Electricity is a very local business," Hundt said.
"But I do believe if we said to all the states and all the businesses: Here's a once-in-a-lifetime opportunity for very cheap capital... then we would be opening the door to a variety of technological solutions that would be selected on the local level...."
This is so correct. The truth is direct hiring gives you direct control over everything and is often the most efficient path instead of making a maze of middle men who all just take a cut and then sub contract the actual work to someone else. Cut out those worthless middlemen by having a government agency like the CCC and watch actual work get done faster and cheaper.
What?
You think the solution to our money being squandered is government control?
When has government done anything faster and cheaper then the private sector?
The solution to this problem is to abandon the fantasy that government creates anything except more government.
"To summarize, reforestation and restoration outperforms even the second-most jobs-intense activity analyzed by 74 percent, and conservation exceeds other major jobs alternatives, including especially new highway construction, Wall Street, and conventional energy sources like oil and nuclear."
Some good ole fashioned FDR work programs to reforest this great land could put some jobless, homeless and foreclosed families back to work. "This land is your land this land is my land..."
Some good ole fashioned FDR work programs to reforest this great land could put some jobless, homeless and foreclosed families back to work. "This land is your land this land is my land..."
Yep aspie, one thing Americans across the political spectrum along with many in corporate America agree on, is the need to bring manufacturing back to America.
"In a Wall Street Journal/NBC News poll released earlier this week, 86 percent of respondents cited corporate off-shoring of American jobs as the primary cause of the country's continuing economic distress.
Similarly, a bi-partisan polling team that conducted a survey of likely voters for the Alliance for American Manufacturing in April found large majorities believe manufacturing strength is crucial to U.S. economic security and that the government should fortify American industry. These voters told the pollsters that they believe America no longer leads the world in manufacturing but could again with proper support.
That can-do-it attitude is realistic. Already some manufacturers are on-shoring. General Electric is moving production of its energy-efficient water heaters from China to the United States. Caterpillar and NCR, a technology company, are doing the same. A survey in June found 21 percent of North American manufacturers brought production into or closer to the United States in the previous three months and another 38 percent planned to research such a move.
Manufacturers gave USA Today numerous reasons for this repatriation. Chinese wages and shipping costs have risen. They cited poor quality foreign manufactured goods; theft of intellectual property; long product delivery times interfering with response to consumer demand, and benefits from providing engineers easy access to assembly lines."
"A former real estate agent out of work since May, the 43-year-old mother of five is learning to scale poles and operate a crane, a backhoe and other equipment used at electric and gas company construction sites.
Collaborative efforts have been set up in 28 states among utilities, schools, unions, state workforce development agencies and others to find ways to develop the industry's labor force. For example, Gulf Power, a Pensacola, Fla.-based utility, has a partnership with a local high school that offers courses introducing students to utility work. Gulf Power finds mentors and pays the cost of an exam that would otherwise cost the student a few hundred dollars, spokeswoman Sandy Sims said.
The Connecticut training program teaches students about gas and electric utilities, alternative energy and upgraded electricity systems known as the "smart grid." The program also prepares trainees for an industry employment test and commercial driver's license."
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