At no point in time during that speech did I hear anything that made me believe that Private Sector jobs were going to be created. He talked about cutting Corporate taxes. Ok. How much? How long? Business won’t hire if its not significant and long term. But that was it. How can government create jobs? Cut spending. Cut debt. Encourage companies to build their businesses in the USA by promising long term significant reductions in regulations and taxes. Significantly change the tax code.
He did say he wanted to give tax credits to small businesses who hire people, but think about that for a minute. A tax credit is a one time offering and thereafter that employee must be maintained at full price. Now think about this. His healthcare plan adds a between 4 and 8 percent (of employee pay) tax on all employees. Now you get a small business that hires someone, they get a one time tax break for one revenue cycle, and then they have to pay between 4 and 8 percent of that person’s salary to pay for their healthcare plan. Uh Uh. Sorry. Thats not a plan. Thats a disaster waiting to happen. Thats kicking the can down the road.
He also said he wants to cut payroll taxes, but if that’s going to happen, and he is gonna tinker with the tax code why not just dig in and change the whole dang thing? If a republican wanted to change the tax code there would be howls of outrage from across the nation that they are stealing money from the treasury and hurling grandma off the cliff in a wheel chair, but if a democrat wants to change it and reduce it there is applause? He’s not stealing? Well then why not just go all the way and scrap it and change it for real. This is a gimmick. It will not jump start the economy. This gimmick has proven in the past it will not jumpstart the economy. Only significant changes to the system of taxation in America will jumpstart the economy. We are using a tax system and code that is 100 years old. It served out great grandparents well but in this age of Technology it kills jobs and is killing our economy.
To complicate matters this so called plan of Obama’s won’t be available for 10 more days. Nobody has seen it. It was and is not available to the public nor to the Congress, and Obama will not make it available to anyone for 10 more days. How does that happen? He demands a joint session of congress to address the nation on jobs with what he says is a jobs plan, but then none of it is in writing. How does he get away with that? Does that tell you that possibly the whole address before Congress was a scheme to upend the Republican Debate at the Regan Library? How long will this plan be out and available to the public to review? How is this going to really be paid for? Should it be paid for? It was full of juicy Union and Teacher promises and benefits. Should the government be paying for jobs? Isn’t that counter productive? Doesn’t that seem bassakwards? The government paying for jobs. Hmmm. Ok. I thought the private sector did the jobs thing, and from that revenue rolls in.
Obama’s plan is to spend 450 billion dollars on government jobs and then get a fraction of that back in tax revenue. We go into the hole by another 1/2 trillion and get a small fraction returned. We then end up in worse shape than what we started in. He gets to avoid the problem for a year until he gets re-elected and then who cares after that. He’s the Lame Duck or potentially the Dictator. Spend 450 billion get 20 billion or so back in tax revenues is not a job creation plan. Its planned debt to add to the 15 trillion we owe now which will enrich those who own that debt. We pay 400 billion yearly in interest on the debt. Guess what, someone is pocketing that 400 billion yearly. Who? Find that out and you will find the reason why Obama and this government wants to dig a deeper debt hole for us to have to dig ourselves out of. Are you seeing what I am seeing? Really. This is a true case of him calling the sky green when it is really blue.
If he really wants jobs then Drill baby Drill. It will create an estimated 1.2 million jobs over the course of a year and many of those jobs will be Union jobs. It will also effectively reduce the price of gas which will instantly put money into consumers and businesses pockets to pump back into the economy and create jobs. It will also effectively keep 100′s of billions of dollars in our pockets by not sending those dollars to other nations to pay for oil. It will also effectively end the war on terror since terrorists will no longer have a source of funding. If he wants a jobs plan scrap the tax code and drill baby drill. Sounds simple but really the simplest things in life are often times the most genius. And I didn’t come up with this plan. Some other genius did. His/Her name is common sense.
We need leadership not compromise. We need ideas that can work effectively no more experimental legislation that makes political science look more like political dice and tea leaf reading.
WASHINGTON (AP) – Fire trucks and concrete mixers, semis, heavy-duty pickups and all trucks in between will, for the first time, have to trim fuel consumption and emissions of heat-trapping gases under new efficiency standards announced Tuesday by President Barack Obama. The White House said the standards will save businesses billions of dollars in fuel costs, help reduce oil consumption and cut air pollution. The standards apply to vehicle model years 2014 to 2018. The new targets affect three categories of vehicles. Big rigs or semis will have to slash fuel consumption and production of heat-trapping gases by up to 23 percent. Gasoline-powered heavy-duty pickups and vans will have to cut consumption by 10 percent, or by 15 percent if the vehicles run on diesel fuel. The standards also prescribe a 9 percent reduction in fuel consumption and greenhouse gas emissions for work trucks, which include everything from fire trucks and concrete mixers to garbage trucks and buses. In a statement, Obama said the new standards had the support of companies that build, buy and drive medium and heavy-duty trucks. The president had planned to unveil the standards at a trucking business in Virginia, a state crucial to his re-election hopes, but the White House canceled the trip Tuesday morning without explanation. Instead, the president he met privately at the White House with industry officials to discuss the initiative. The White House projected savings of 530 million barrels of oil and $50 billion in fuel costs over the expected lives of the vehicles covered by the new standards, along with improved air quality and public health. The administration released no miles-per-gallon equivalent for the new standards, saying that doing so would be confusing given the different categories of vehicles, the different types of vehicles in each category and the varying payloads that each one carries. Officials did stress that the costs of making the trucks more fuel-efficient – ranging from hundreds to thousands of dollars per vehicle – will be recouped through reduced fuel costs over the lifetime of the vehicles. It’s the second round of fuel efficiency standards in the past month. Last month, Obama announced a deal with automakers to double overall fuel economy to 54.5 mpg by 2025, starting in model year 2017. Cars and light trucks now on the road average 27 mpg. That followed a 2009 deal committing cars and trucks to averaging 35.5 mpg by model year 2016. (Copyright 2011 by The Associated Press. All Rights Reserved.)
The above story is a lie, as a former Trucker I will tell you that the methods needed to reclaim waste gasses will reduce horse power and increase the cost of transporting goods…once the cost goes up they never come down..JolietJake.
I want a fair elections in Joliet so again I am offering the mayoral candidates the opportunity to post their thoughts here. Many offers have been sent out but only one has answered the call. Email me your submissions to firstname.lastname@example.org
I have personal preferences but I set them-aside for the chance at a fair election, unlike the Herald News, and other Joliet papers we do not edit submissions to this blog, so what you want to say…even if I don’t agree I will post for my readers.
note this..I will not edit comments to your submissions, our readers are tax payers and they have gripes. So let the Elections begin and let’s get ready to rumble. Very little time to get your message out to the voters.
By Adam Andrzejewski
In 2008, Joliet hired a new City Manager. His starting base salary was $189,000. For 2011, the base salary increased to $196,500 and the City Manager out-earned every governor of the 50 states. In addition to this lucrative salary, $7,500 of taxpayer money goes into a “deferred compensation” retirement plan. The deferred comp plan is in addition to what the taxpayers pay into his pension plan: $28,800 into Illinois Municipal Retirement Fund (IMRF) pension. Contractually, Joliet taxpayers are required to fund lucrative perquisites: $6,000 in estimated annual car allowance; an estimated $4,000 in continuing education, fees and costs to maintain the Managers’ personal law license; and an estimated annual $17,500 of taxpayer funded premium payments for life, health, and dental insurances.
Click here to review our overview of Joliet City Manager 2011 Compensation Analysis. Then the City Manager became a “banker”. When the City Manager was hired in 2008, he negotiated a “vacation bank” and a “sick bank”. His “vacation bank” of 4 weeks is valued at $15,100 and his “sick hours bank” of 1,500 hours is valued at over $141,300. In 2011, the taxpayer liability associated with these two “banks” totaled approximately $156,400. As Donald Trump said, “You’re fired.” Ahh, think again- taxpayers.
A lump sum severance payment for this City Manager could be as high as- $375,900! The City Manager has the “financial insulation” of a friendly severance clause. If terminated for any reason except felony conviction or official mis-conduct or manager ‘abandonment of office’, taxpayers are on the hook for a lump sum payment equal to a full year of base salary and “any other benefits paid by the city’s fringe benefit ordinance”. The lump sum severance liability is calculated as follows: Base salary ($196,500), Insurances ($17,400), Car Allowance ($6,000), Vacation bank ($15,000) and Sick hours bank ($141,000). Despite the incredibly lucrative employment contract terms described above, this City Manager successfully negotiated for even more “dollars”. The City of Joliet agreed to file form IMRF 6.05 and back the manager’s claim that he was owed an additional 9.5 years of extra retirement credits. This would have added 9.5 credit years and $760,000 of credit “earnings” to the calculation of the City Manager’s future pension. Taxpayers would have been on the hook for this new massive lifetime pension liability. Thankfully, the application form 6.05 was rejected by IMRF administrators. But, the City Manager wasn’t finished with his claim. He appealed it to the full IMRF Board of Trustees. The full Board then issued a final rejection saving Illinois taxpayers an incredible amount of money. The City Manager of Joliet is re-defining “public servant”. You serve Him.
Well here is to the Mayoral candidates, If you want to bitch me out for supporting Andy Mihelich then where the hell was you when the call went out by Joliet residents for a news conference about losing Caterpillar..You sat in your nice little offices and “DID NOTHING”..So you have the damn gall to ask me to support you now. I offered everyone the chance to post to my blog now that it is close you want to jump on the band wagon..not now. Don’t post your comments to my email say it here on the blog or facebook. Cuss me at least I would respect you more…?!?
WATCH THE CBS 2 NEWS STORY: http://video.chicago.cbslocal.com/global/video/popup/pop_playerLaunch.asp?vt1=v&clipFormat=flv&clipId1=5698050&at1=News&h1=Joliet Worried Caterpillar May Leave&flvUri=&partnerclipid=
(Joliet, Illinois) – Joliet Mayoral challenger Andy Mihelich organized a rally in Joliet on Sunday afternoon as a show of support for the Peoria-based manufacturer and to call on Governor Pat Quinn and the General Assembly to respond to the concerns raised by Caterpillar CEO Doug Oberhelman in his March 21 letter to the Governor.
“Illinois cannot afford to lose Caterpillar and Joliet cannot afford to lose Caterpillar,” said Mihelich, who has made job creation and business location the main thrust of his mayoral campaign.
“This is a wake-up call for the state and for our community. I want to show Caterpillar that at the local level we want to do everything we can to keep them here and that includes pressuring our legislators and elected officials in Springfield to pursue policies that keep Caterpillar in Illinois.”
Andy Mihelich Statement on Caterpillar
Contact: Andrew Mihelich @ 815-630-5142, email@example.com
We are here today to send a message of support to Caterpillar and echo the wake-up call Caterpillar issued to Governor Quinn and the Illinois General Assembly.
We want Caterpillar to stay in Illinois and the 1,400 jobs at the Caterpillar facility in Joliet to stay in Joliet.
We recognize that Caterpillar is a global business and that we need to make our community and our state attractive to businesses that have options in terms of where they choose to locate and where they choose to expand.
Joliet is an ideal site for this facility. We have a quality transportation infrastructure, a local workforce with a good work ethic, a vibrant local business community and chamber of commerce, and educational institutions like Joliet Junior College that support the manufacturing sector.
There is always more we can do at the local level—and I have outlined a number of initiatives I would pursue as mayor to make Joliet more business-friendly.
However, as Caterpillar CEO Doug Oberhelman made clear in his March 21 letter to Governor Quinn, the State of Illinois is not holding up its end in terms of making the Land of Lincoln hospitable for business.
It is a jarring statement from one of the world’s leading manufacturers in a state where agribusiness is the number one business sector.
Unfortunately, Mr. Oberhelman is exactly right. The State of Illinois—and the City of Joliet for that matter—spends too much and taxes too much. We have become increasingly hostile to businesses—and businesses like Caterpillar do not have to tolerate such hostility.
According to the Tax Foundation, in 2009 Illinois has the 9th highest state and local tax burden per capita in the nation. With the recently passed tax hike, we’re now squarely in the top 5. This is not where we want to be or can afford to be.
1400 jobs are on the line in Joliet and 23,000 across the state. And that doesn’t include the ripple effects that would be felt if Caterpillar left—the hundreds of second and third tier suppliers who provide parts and services to Cat.
Furthermore, if Caterpillar leaves or even if the company simply continues to disinvest in Illinois, others will follow suit.
Joliet is ready to do its part. I am ready to do my part. And it’s time our elected officials at the state level did their part to protect the working families at Caterpillar, the small businesses that depend on Caterpillar, and the potential economic opportunities Caterpillar could bring to Joliet and the State of Illinois if we make this the great state in which to do business that it can be with the right leadership and the right policies.