Manufacturers Anxiously Await Stimulus Package
Add comment January 31st, 2009
Listen to it here…
http://www.npr.org/templates/story/story.php?storyId=99235456&sc=emaf
Archive for January, 2009
Sponsor and Support!
Add comment January 31st, 2009
My brother is at the Super Bowl as part of his job. His company is taking a beating in the Nashville News for (2) advertisements during the Super Bowl and sponsoring the half-time show, because they recently closed a tire manufacturing plant in middle TN. How could they do this in a down time?! Not being sensitive that after market sales are what benefit from these advertisements and sponsorships.
Last night I drove through the Snow Sculpting event at Sinnissippi, many of the teams didn’t have sponsors. As we live out the next days in this down economy we have to be mindful of our local events and non-for-profits. Past Rockford history had the large Manufacturing companies sponsor our local events and NFP as they left the Banks have stepped up even more than some of us smaller manufacturers.
Think about what you enjoy or believe in—arts, education, hunger, literacy. Invites to the 100 Men Who Cook in May and the WOTM Scholarship fundraiser on Feb. 12th have already come…lots of things in our region to encourage and support. A smaller donation this year than in the past is better than none at all. If you don’t have dollars to give– volunteer. We are all in this together! We can keep our community healthy in fun and care if we are generous with whatever we do have this year!
A Trade War Brewing??
Add comment January 30th, 2009
American exporters concerned about the “Buy America” clause in the Stimulus Package. See it here…
http://business.timesonline.co.uk/tol/business/industry_sectors/industrials/article5587443.ece
Durables Key to a Recovery that’s Durable
Add comment January 30th, 2009
Gotta have credit for big ticket items…
http://online.wsj.com/article/SB123318660101926437.html?mod=todays_us_money_and_investing
Think we have it bad?
Add comment January 30th, 2009
Remember, the UK is about the size of the sate of Indiana!
http://www.guardian.co.uk/business/2009/jan/13/recession-retail
Greed is Good?
Add comment January 30th, 2009
This financial crisis and deepening recession certainly has it’s share of pundits that want to place blame. Well, from where I see it I think it’s one big attitude of Greed!
Greed by the corporations who reward themselves outlandish salaries and bonuses…
Greed by stockholders who constantly look for bigger returns on their investments…
Greed by the politicians who resist setting term limits. Once they get into Congress, they seem to want the lifetime job and power…
Before tyranny set in, Florence, Italy had a republic and their elected officials had term limits. Then tyranny set in and the controlling party bankrupted the city and as corruption set in.
Sound familiar?
A Bloated $1.1 trillion Democratic Bill
Add comment January 28th, 2009
Just in from Congressman Manzullo…
Congressman Don Manzullo (R-Egan) will vote later today for an alternative
economic stimulus bill that focuses on job-creating tax relief that will
re-start manufacturing and put Americans back to work. He will oppose the
bloated $1.1 trillion Democrat leadership bill chocked full of questionable
spending programs that will saddle future generations with massive debt without
stimulating our economy or creating jobs. The vote is expected later this
afternoon.
“Americans have had enough of our government’s wasteful spending practices
starting with the ineffective $850 billion Wall Street bailout and continuing
with this $1.1 trillion non-stimulus spending spree,” Manzullo said. “Let’s
empower Americans to lead the economic recovery by putting more of their money
back in their pockets so they can re-invest it in our communities.”
Despite being promoted as a job-creating infrastructure bill, the bill
brought by House Democrat leaders sets aside $30 billion – just 4 percent – for
road funding. The State of Illinois is expected to get just $1 billion of that
money, which is less than half the normal federal road money allocation to the
states. In fact, the State of Illinois is still sitting on $6.2 billion in
federal gas tax monies Congress gave to the state in 2005 because the state has
not been able to agree on a capital plan. And because there is no opportunity
to designate the road funding for specific projects, all the money will go to
the state, which historically has ignored northern Illinois’ road needs outside
of Chicago.
Instead, the Democrat leadership bill is chocked full of hundreds of
billions of dollars of spending increases on programs that have nothing to do
with stimulating the economy or creating jobs. Spending increases for these
programs should be debated during the normal appropriations process, not as part
of an emergency spending bill. Some of the questionable spending in the
stimulus bill that doesn’t create jobs includes:
·
$335 million to fight Sexually Transmitted Diseases.
·
$50 million for the National Endowment for the Arts.
·
$400 million to study climate change.
·
$650 million dollars for additional coupons for digital TV converter boxes, all
made overseas.
·
$1 billion for a post-analysis of the 2010 census.
Manzullo will support an alternative bill that cuts taxes for all working
Americans and would create 6.2 million jobs, twice the President’s goal. With
this rate reduction, a working couple could save up to $3,400 a year in taxes
they could re-invest into the economy and create jobs. Manzullo also supports
significant tax incentives to encourage America’s job-creating small businesses
to put Americans back to work; a $7,500 tax credit to encourage Americans to
buy a home; and a $5,000 tax credit to encourage Americans to buy a new
vehicle.
“The best way to stimulate our economy and put Americans back to work is to
let Americans keep more of their hard-earned money so they can re-invest it
back into the economy,” Manzullo said. “Unfortunately, the bill presented to us
by House Democrats today spends an enormous amount of money with little job
creation, shouldering our children and grandchildren with massive debt in the
future.”
Here’s a Question for You
Add comment January 28th, 2009
With all the layoffs I see in the manufacturing, retail, financial and other sectors, I haven’t seen ANY in the government sector. Does this mean that the “new jobs” that are being saved/created will be in this sector?
You won’t believe what’s in that stimulus bill.
Add comment January 28th, 2009
I found this on the Wall Street Journal’s Web site today.
