Archive for August, 2010

The Bain Report: Articles that Affect You & Your Family for August, 30, 2010

Michigan Economic Development Corp creates new program
The Michigan Economic Development Corp. has created a new initiative to pursue business development opportunities with the 12 Native American tribes across Michigan. How does this help the taxpayers of Michigan? The Michigan Economic Development Corporation (MEDC) is a quasi-public agency of the state. For budgeting purposes, the MEDC is not officially recognized as a state agency. The article “Reservation Shopping” exposes why. http://www.newswithviews.com/Williams/carole9.htm Some of the tribes also gift politicians with “vote for me” money, and, yes, despite their proclaimed and recognized sovereignty, Native Americans can vote in the White Man’s elections. The MEDC is arguably the least necessary entity in state government. Its existence is based on several flawed premises and political considerations, such as:
 
Welfare Recipients Gambling at Casinos With Their Payments
In California and Michigan, welfare recipients have been using their Electronic Benefit Transfer cards to withdraw state-funded payments from ATM machines in casinos.
http://www.dailyfinance.com/story/welfare-casinos-gambling-government-money/19608735/
 
Jobs don’t star in Michigan’s film industry tax credits 
Sticking taxpayers with up to 42% of the expenses incurred by film productions here, the program also underscores Michigan government’s schizophrenic tax policy that keeps overall taxes too high to attract job providers, but cuts taxes or writes subsidy checks for a handful of politically favored firms or industries.
 
Local governments face declining fiscal health
Local governments are in declining fiscal health that many top administrators believe will get worse in the coming year, according to a University of Michigan report. The report states that “declining state aid, federal aid, and revenue from fees and licenses are also problems across the state.”
 
10 Big Retailers Closing Stores 
With the prospects for economic recovery iffy at best and consumer spending still moving at a snail’s pace, it’s little wonder that retailers are sussing out their weakest stores and closing them in order to protect profits. Retailers say they are positioning themselves to play where they can be strongest and avoid burning resources in places that won’t produce the results they want. Here are some of the biggest store closings of late.
http://www.dailyfinance.com/story/company-news/10-big-retailers-closing-stores/19597754/
 
“Those Voices Don’t Speak for the Rest of Us”
Congressman Tom Price (R-GA) and the Republican Study Committee present to you a new video featuring President Ronald Reagan reminding us that the out-touch voices of the government or either Party don’t speak for all Americans.
 
OPSOMMER WARNS AGAINST STATE-CREATED MONOPOLIES
State Rep. Paul Opsommer, R-DeWitt, today questioned a new plan to increase state coffers by reducing the number of legally authorized liquor distributors in the state down to one, a move that would in effect create a state-sanctioned monopoly.
 
Smoking ban dries up business
Some eateries see sales drop, but the effects reach farther. On some weekend nights, there used to be seven waitresses working the crowd at Perfect Pitcher Sports Pub in Taylor. But since Michigan’s smoking ban went into effect May 1, Natalie Samu, the soon-to-be ex-owner of the bar, has just one or two waitresses serving the dwindling crowd. “Our business is down over 50%,” said Samu.
http://www.freep.com/article/20100819/NEWS06/8190447/

 
Michigan’s jobless rate declines only because of workforce leaving the state
Last month, the Detroit Free Press buried the fact that the unemployment rate decreased because people left the workforce, not because they got jobs. It’s not the fact that the unemployment rate declined, but why it declined that is most important here. See chart.
 
TARP Billions Shipped Overseas
Economists and conservatives reacted sharply Thursday to reports that tens of billions in TARP bailout money flowed out of the United States and into the coffers of big banks in France, Germany, and other nations during the government rescue of the U.S. financial system. That news came as the U.S. economic picture continued to worsen, with rising unemployment claims and a surge in U.S. homes lost to foreclosure.
 
US Economy Near Point of No Return
The Federal Reserves decision to expand its quantitative easing by purchasing more Treasuries is a dangerous one, says Keith McCullough, CEO of research firm Hedgeye. “That could lead the country to the brink of collapse,” he wrote in a Fortune magazine column. McCullough agrees with economists Carmen Reinhart and Ken Rogoff, who recently wrote that government debt in excess of 90 percent of GDP pulls down economic growth.
 
Boehner Dubs New Stimulus Bill ‘Cash for Flunkers’
House Speaker Nancy Pelosi summoned lawmakers back from summer break and they voted 61 to 39 on Tuesday to approve the emergency $26 billion stimulus-type bill. President Obama immediately signed it into law. House Minority Leader John Boehner referred to it as the “union-boss bailout” bill and is an election-year gift to teachers and public workers unions.
 
Dumping Bush Tax Cuts May Bring Depression
Many economists are worried about the possibility of a double-dip recession, but former Bank of England official David Blanchflower thinks it could be much worse than that if the Bush tax cuts aren’t extended. “If we don’t act fast, a plunge into Depression is a growing risk in the U.S.,” he writes in a column on Bloomberg.
 
35 States file lawsuit against the Federal Government
Governors of 35 states have already filed suit against the Federal Government for imposing unlawful burdens upon them. It only takes 38 (of the 50) States to convene a Constitutional Convention.
 
Federal teachers union bailout a huge waste of time and money
We suppose we should grudgingly congratulate the Michigan Education Association, and its parent organization, the National Education Association, for pulling off the heist of the year in Washington, D.C. It’s like congratulating Bonnie and Clyde for another successful bank robbery.
 
Defense priorities dangerously off-track
With an exploding budget crisis, President Obama is proposing spending cuts, but not where you’d think. Has he decided to stop campaigning on behalf of Democratic Congressional members up for reelection at the taxpayers’ expense to the tune of two million dollars? No. Has he decided not to spend $100,000 per teaching job to bail out teachers’ unions? No. Instead, he has decided to cut defense funding and reclassify what constitutes defense spending. The National Security Strategy now declaring a focus on climate change, green energy, and women’s rights.
 
10 Signs The U.S. is Becoming a Third World Country
The United States by every measure is hanging on by a thread to its First World status. Saddled by debt, engaged in wars on multiple fronts with a rising police state at home, declining economic productivity, and wild currency fluctuations all threaten America’s future.
 
Patronage, Principles, and Political Parties
When they teach American government and the history of the early American republic, political scientists and historians have a puzzle to explain. There is, within the American constitution, no mention of political parties. And yet it is impossible to make sense of American politics in and after the early republic without reference to parties. Moreover, the parties that did emerge in the United States bear only a faint resemblance to the parties that existed in England and on the European continent prior to the American civil war and even less to the parties that exist on the other side of the Atlantic today.
 
Obama’s tax on oil, gas will hurt the economy 
Raising taxes on energy companies, the vast majority of which are small businesses, will make it more expensive to produce everything in this country. If the government charges energy companies a higher cost-of-doing-business, those companies will have to recoup the loss by raising the price of their natural resources. The refineries and distributors will in turn raise their prices to the end consumers. President Obama’s budget includes a proposal to repeal Section 199, but only for oil and gas companies. In other words, the federal government will specifically target our domestic energy companies for what amounts to a tax increase — even in the middle of a recession at a time when we are trying to decrease our reliance on foreign energy.
 
Obama’s agenda: Overwhelm the system
Obama is no fool. He is not incompetent. To the contrary, he is brilliant. He knows exactly what he’s doing. He is purposely overwhelming the U.S. economy to create systemic failure, economic crisis and social chaos — thereby destroying capitalism and our country from within.
  
“When the government fears the people there is liberty; when the people fear the government there is tyranny.”  Thomas Jefferson
 
 

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The Bain Report: Articles that Affect You and Your Family for August, 23, 2010

Washtenaw GOP Delegate Dispute
One of the leaders of the tea party takeover of the Washtenaw County delegate convention says he regrets that he called GOP State Chair Ron Weiser arrogant. Personally I wouldn’t regret it after his statement in an interview with Tim Skubick that the “Tea Partiers” State GOP Chair Ron Weiser was rather sanguine about the Tea Party stuff, suggesting it was not an “organized movement” that only e-mails each other back and forth.”! Mr. Weiser concluded that the movement here “is not going to affect our elections in Michigan.”  http://domemagazine.com/skubick/sku021910 So much for that. Dennis Moore, chairman of Willow Run Tea Party Caucus, put out a press release after Weiser failed to get support as a delegate in the 15th district and was relegated to alternate. To bad the same thing didn’t happen to the moderate liberals at the Monroe County Republican convention!
 
Richardville endorsed by Great Lakes Education Project (GLEP)
This is a perfect example of way endorsements by PAC’s political action committee’s is a farce and a joke! The Great Lakes Education Project mission statement reads as follows: http://www.glep.org/Mission.asp To improve the climate for meaningful education reform, in Michigan, by electing candidates committed to action. We assist candidates truly concerned about the plight of children denied an equal opportunity to a quality education; who will work to bring educational freedom and choices to all parents. Ricardville introduced or voted in favor of the following, reducing per pupil funding http://www.thenewsherald.com/articles/2010/03/25/news/doc4babcaef3d661099888562.txt, protect bad teachers from being fired http://michiganvotes.org/2009-SB-638, limit the number of charter schools http://www.michiganvotes.org/2009-SB-926 , reduce graduation standards http://www.michiganvotes.org/2009-SB-757,  change the drop out age from 18 to 16 http://www.michiganvotes.org/2010-SB-1076, and allow kids to carry guns http://www.michiganvotes.org/2009-SB-747!  Is this what is in the best interest of our children? I for one think not!
 
Michigan Lawmakers who voted FOR STIMULUS SPENDING
Michigan state government will spend another $47.9 million in federal stimulus money under a bill recently signed by the governor.  As with previous state expenditures of this type, Michigan Senate Bill 1166 draws this money from the $787 billion American Recovery and Reinvestment Act of 2009. More familiarly known as the “Federal Stimulus Bill,” this measure was supported by the President and most Democrats in Congress, and was opposed by every single Republican in the U.S. House and all but three Republican U.S. Senators. And yes, Senator Randy Richardville voted in favor of putting our children and grandchildren deeper in debt!
 
Michigan Stimulus Recipients Failing to Report
The July 30 reporting deadline is quickly approaching for those who received money from the federal American Recovery and Reinvestment Act of 2009 (ARRA) program to tell government how they used their stimulus money in the second quarter of 2010. Those who don’t properly do so end up on a “non-reporter” list. That’s what happened to more than two dozen Michigan companies, colleges and agencies which failed to tell the government how they used nearly $59 million over the past two reporting periods. (fourth quarter 2009 and first quarter 2010.)
 
Nofs, Richardville Parting Ways?
Current and future GOP senators came together to sing kumbaya at a fundraiser today, but the race for leadership has already begun in earnest with the results of the Aug. 3 primary providing a clear picture of what the 2011 caucus will look like.

Things appear to have shifted a bit in recent weeks with Sen. Randy RICHARDVILLE (R-Monroe) and Sen. Mike NOFS (R-Battle Creek) emerging as the top prospects for caucus leader with Sen. Mark JANSEN (R-Cutlerville) also meeting presumed future caucus members after appearing out of it several weeks ago.

MIRS has learned that before the primary, Richardville and Nofs had been talking about teaming up, but that’s changed, with Richardville wanting to go his own way.

Sources tell MIRS that Richardville has promised Sen. Roger KAHN (R-Saginaw) the Appropriations Committee chair post if he’s elected leader, while Jansen has told Sen. John PAPPAGEORGE (R-Troy) that the position is his if he’s leader.

Other sources indicate that Jansen may be looking to team up with Richardville, even though such a meeting hasn’t taken place. Jansen has to recover after putting money behind losing candidates in races against winning candidates Rep. David HILDENBRAND (R-Lowell) for the 29th District Senate seat and Rep. Phil PAVLOV (R-St. Clair) for the 25th District Senate seat.

Jansen did pick a winner, though, in Rep. Tonya SCHUITMAKER in the 20th District. He gave her $10,000 from his Jansen Legacy Fund. He also gave winner Mike GREEN $2,500 in the 31st, Dave ROBERTSON $2,500 in the 26th, Rep. Arlan MEEKHOF $1,500 in the 30th and Joe HUNE $1,000 in the 22nd. Other leadership candidates put money behind those horses, too.

There’s also the history of Jansen’s failed leadership bid in the House. Some have compared him to Sen. Jason ALLEN (R-Alanson), who realized too late in 2006 that he didn’t have the votes to beat now-Senate Majority Leader Mike BISHOP (R-Rochester) for Majority Leader. Allen teamed up with Sen. Wayne KUIPERS (R-Holland) near the end, but it was too late. The theory is that Jansen wants to build a team earlier.

That said, Jansen appears to be approaching the race as the measured option with no future political ambitions, the person willing to make hard decisions and take the arrows that will come with those decisions without worry about the next rung on the political ladder.

However, Nofs, Kahn and Richardville were all markedly active during the primary, which, sources tell MIRS didn’t go unnoticed. Richardville picked a winner in giving Rep. Brian CALLEY $2,500 through his Richardville Leadership Fund, but picked the loser in the 7th by giving $1,000 to Deb WHYMAN. In the past, Richardville also has given to Nofs and Rep. John PROOS.

Kahn’s Leadership Fund gave $5,500 to primary loser Rep. Kim MELTZER in the 11th, but did give Rep. Rick JONES $10,000, Schuitmaker $7,000, Green $3,000 and Meekhof $2,000 and $1,000 to Howard WALKER in the 37th. He also gave to Roberston.

Nofs’ “Fund For A New Majority” gave to winners Hune $10,000, Schuitmaker $5,000, Robertson $5,500, Calley $2,500, Jones $2,500, Walker $3,000, Hildenbrand $2,500, Pavlov $2,500 and Meekhof $2,000. He played both sides of the fence by giving $2,500 to both Copper RIZZO and Rep. Jim MARLEAU in the 12th.

Proos was on the list of prospective caucus leaders before the election (See “Leadership Races In The Shadows,” 8/11/10). But Proos had to devote more time than he planned on his primary race for the 21st Senate District. There’s been some speculation that he could team up with Nofs and be his Appropriations Committee chair.

The rumor today was that Richardville was trying to nail down support from House members and was even telling them not to count on any money from him if he didn’t. But no incoming senator confirmed that, although several said that it’s “way too early” to worry about leadership when Republicans haven’t secured the majority yet.

One likely new senator tells MIRS that Richardville is “way too smooth” to try such heavy-handed tactics. Besides, there would be nothing to stop candidates from taking campaign contributions and voting for someone else for leadership anyway. Richardville couldn’t be reached for the story.
http://www.mirsnews.com/capsule.php?gid=3387  “subscripton required”

 
U.S. giving Michigan $16.8 million for charter schools
One of the problems with this is that the Michigan Republican lead Senate has voted to limit charter schools  2009 Senate Bill 926 (Authorize limited charter school expansion ) – Michigan Votes and their past behaviour says they will rob these funds for other government spending because of this limit they passed! Click the link above to see how your Senator voted!
 
Solar panel maker to cut jobs, but still received Taxpayer Subsidy
House Bill 5275 http://www.michiganvotes.org/2009-HB-5275 (Give $100 million subsidy to an “energy conversion device” maker) Introduced by Rep. Lisa Brown (D) on August 19, 2009. Passed in the House (90 to 17) on September 2, 2009, to give a four-year, $100 million subsidy to a joint venture of the “Xtreme Power” and “Clairvoyant Energy”
corporations, which would employ 300 at the former Ford Wixom assembly plant
making “large scale power systems designed to convert variable renewable
power into firm dispatchable power.” Senate Bill 213 http://www.michiganvotes.org/2007-SB-213 may increase the cost of keeping the lights on if government mandates are permitted to replace market decisions. The subsidy is structured as a “refundable” tax credit, meaning the state will send a check for the amount that the credit exceeds the company’s tax liability. A $100 million credit for the creation of just 300 jobs is clearly unreasonable. Those same resources could be better directed toward broad based tax relief for companies already here, operating in Michigan. Do the math. That comes to over $333 thousand per job!”
 
Do state tax incentives create real jobs, or just ribbon-cutting ceremonies?
Richard Short was just the start of it. In March, the Flint businessman appeared with a beaming Gov. Jennifer Granholm at a Lansing news conference, where she announced Short had been awarded $9.1 million in business tax credits to create more than 700 jobs in economically hard-hit Flint. Hours later, Short was arrested on a parole violation. When it was discovered Short was a convicted embezzler, the state quickly revoked his tax-credit award. “These programs create ribbon cuttings and photo ops, but not real jobs,” said Michael LaFaive, from the Midland-based Mackinac Center for Public Policy, a persistent critic of tax incentives.
 
Hillsdale College Honor Code
In keeping with the original and abiding mission of Hillsdale College, each entering freshman signs the following document, committing himself or herself to participate fully and honorably in that mission.
 
Six Months to Go Until The Largest Tax Hikes in History
The government is so irresponsible that the accumulated national debt is now beyond the point of no return. It can never be paid off, even if tax rates are 100% (and production continued apace). The governments problem is not a revenue problem. It is a spending problem. Most of what the government does is not authorized by the constitution, and should be ended immediately. (fat chance). Conclusion: the federal government has ceased to be a legitimate government. This is not limited to Washington, DC at the federal level it’s a Lansing problem here in our state of Michigan as well! Coupled with the passage of the largest tax hike in Michigan’s History in 2007 by The House and Senate in Lansing and we taxpayers are burdened with an over taxation problem! Click below for examples of tax hikes.
 
ObamaCare Law challenged by The Thomas More Law Center
The Thomas More Law Center is seeking a preliminary injunction to stop the government to force them to purchase health care. The Thomas More Law Center will be in federal  court today in Detroit to argue that the Patient Protection and Affordable Care Act, also known as the health care law, should not be enforced because it is unconstitutional.
 
Detroit council aides get pay hikes
While panel seeks budget cuts, staffers given raises of up to $8.39 an hour! But the Michigan taxpayers get to foot the bill for a Cobo Re-Do on top of this raise. The Republican lead Senate passed legislation recently with our own Senator Richardville voting in favor of it!
 
Beware the VAT: Why the consumption tax is possible
It’s important to understand that a VAT looms so large because it’s the only tax that can remotely raise enough revenue to close the immense gap between federal spending and receipts — in the absence of epic and unpopular reductions in expenditures.
 
Time for Stimulus 2.0? The Debate Gains New Urgency
With the Federal Reserve adopting a more a pessimistic view of the economic outlook, the revival has been swift in calls for the federal government to do more to help spur growth. But what can it do, and would it be counterproductive?
 
Homeownership rate drops
Millions of houses on the verge of foreclosure threaten to send homeownership to its lowest level in 50 years, according to new industry estimates. Fresh projections say the rate could plummet to about 62 percent as early as 2012 and almost certainly by the end of the decade. Homeownership rates haven’t been this low since they hit 61.9 percent in 1960.
 
Arizona Sheriff Vows to Enforce Immigration Law Whether ‘Feds’ Like It or Not
Calling himself “the poster boy” for those who support the enforcement of federal immigration laws, Sheriff Joe Arpaio said he will continue to arrest individuals who are in the country illegally, even if Immigration and Customs Enforcement (ICE) does not renew the 287(g) agreement that the Maricopa County (Ariz.) Sheriff’s Office has operated under for the past two years.
http://www.cnsnews.com/news/article/55199
 
What Congress Bought Itself With Your $1 Billion
Congress requires a lot of stuff to keep itself running. Like coffee. And plane tickets. And student loan payments. Files by the Sunlight Foundation provide an unprecedented window on what legislators buy themselves with your money.
 
Quotas Hidden in Bank Reform Bill Will Cost Taxpayers Millions
Buried deep in the bowels of the massive financial-regulation bill the Senate passed Thursday are massive race- and gender-employment provisions that will cost countless millions to enforce and appear to duplicate other civil-rights initiatives already in place.
 
Bush Tax Cut Expiration Will Cost Taxpayers $1 Trillion
Low-tax crusader and Republican strategist Grover Norquist tells Newsmax that letting the Bush tax cuts expire in January 2011 would amount to a $1 trillion tax increase — the largest boost in American history.
 
How the Expiring Bush Tax Cuts Affect You
My Tax Consultant warned me about this! The so-called Bush tax cuts are scheduled to expire at the end of the year. Although some of the cuts retain bipartisan support in Congress and may yet be extended, as of now, Washington has some severe changes in store for you and your family. Grab a scotch and sit down. Higher tax rates for all,

Higher capital gains and dividends taxes for all, Return of the marriage penalty, Return of phase-out rule for itemized deductions, Return of phase-out rule for personal exemptions, does anybody but me remember when we could deduct our new car loans and credit card interest? Home mortgage interest has been talked about as a possible elimination when filing our tax returns also!
 
“A government big enough to give you everything you want, is strong enough to take everything you have.”
Thomas Jefferson
 
 

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The Bain Report: Articles that Affect You & Your Family for August, 16, 2010

Did Democrats Nominate Rick Snyder? Did they cross over for Randy Richardville?
Could this scenario apply to the State Senate race in the 17th District? The numbers say it very well happened! Past Primary election numbers do not match for incumbent State Senator Randy Richardville as in past elections. Comparing the numbers as far back as 1999 suggests that the Democrats did cross over to vote for this incumbent! Consider the fact that Democrat Kathy Angerer did not run. Also consider the fact that she most likely would have won this nomination in a predominant area such as Monroe County. When you have a moderate left leaning Republican this makes sense!
 
MIRS: Primary Election Statement from R. Al Bain             
I would like to thank all the supporters in my bid for State Senate here in the 17th District. Its not about winning or losing I feel I’ve already won because I ran my campaign on the Principles, Traditions, and Values that the Republican Party was founded upon! For full statement click link below.
 
Richardville, Spencer to face off for 17th Senate
Sen. Richardville said that he is ready for the next round and will continue with the political rhetoric of promoting low taxes, less government and fewer regulations, sound familiar? (see http://seriousleadership.com/). Not according to his voting record if anyone would bother checking!  He said during this most recent campaign he was upset that his opponents attacked his conservatism. If putting “HIS” voting record out for the public to see who might otherwise never see it is what he considers an attack, he is delusional in what the definition is of attack! There is a huge difference between attack and the facts!
 
Hangar42 Movie Studio Investor Charged With Fraud
The main investor in a project to turn a former western Michigan auto parts plant into a film production studio has been charged in what authorities say is an attempt to fraudulently obtain a $10 million state tax credit. Joseph Peters of Ada was charged with attempted felony false pretenses over $20,000.
 
Analysis of Michigan Film Subsidies: Two Years, $117m – and No Film Job Growth
It has been two years since Michigan’s film subsidy program became law, which is sufficient for it to have gotten off the ground and had some measureable impact on the state’s economy. According to the most recent Bureau of Labor Statistics, as of September 2009 (the most recent month available*), there were fewer people employed by the film industry in Michigan than before the subsidy program began.
 
Thirty-One Michigan Economic Development Corporation Salaries Top $100K
At a time when the Michigan Economic Development Corporation is saying it is being unfairly criticized, its staffers are among the best paid in the state. According to information from a Freedom of Information Act request, the MEDC has 31 employees making $100,000 or more. The MEDC has 351 positions.
 
Joblessness to linger in Michigan for years to come, says labor economist
Some areas of the country, including Michigan, will have lingering high unemployment for years to come, according to Economic Policy Institute labor economist Heidi Shierholz.
 
It’s Official: Social Security System Now in the Red
It was only a matter of time, but it’s finally happened: The nation’s Social Security system will pay out more than it takes in this year and next, as aging baby boomers begin entering retirement. The milestone marks the first time in nearly 30 years that the system is in the red, according to a report issued Thursday by federal officials overseeing the program.
 
Alarming Teacher Contract Summary
About 67 percent of the district’s $22 million operating budget goes towards paying employees covered by this contract, which covers teachers and a few other employee groups. Is this in the best interest of our children’s education?
 
Slowing economy raises fears of double-dip recession
With the recovery from the country’s worst economic collapse since the Great Depression losing steam, some economists fear the United States is headed into a double-dip recession.
 
Seven Reasons Not to Send Your Kids to College
Imagine a retirement where you could have an extra $1million to $3 million in the bank with basically no effort. Now imagine telling your kids that you aren’t going to send them to college. And, you go on, you want them to immediately start a business or get to work as soon as they finish high school. Here Are Seven Reasons to Say “No College” to Your Kids: Click below
 
Refundable Michigan Business Tax credits wrong approach
The approach has drawn criticism from the Mackinac Center for Public Policy, which sees such tax credits as poor economic development policy — and sees converting the credits into cash as even worse. “Subsidies, in the scheme of economic development programs, are probably the worst of the lot,” said Michael LaFaive, fiscal policy director at the Midland-based think tank. He said that with a “straight tax credit, you have to concern yourself simply with revenue forgone. But with subsidies … you’re just taking resources away from other job providers and people and giving them to a few.”
http://www.crainsdetroit.com/article/20100808/SUB01/308089951/1068
 
Does anyone in the legislature know what “return on investment” means?
2009 Senate Bill 777 (Authorize $100 million renewable power conversion manufacturer subsidy) http://www.michiganvotes.org/2009-SB-777  If I read this correctly we are spending 100 million dollars to create a maximum of 440 jobs. That amounts to over $227,000 per job.  If each employee pays $2000 of taxes per year, it will take over 100 years to recoup the funds.  Does anyone in the legislature know what “return on investment” means?  Does anyone create a cost benefit analysis report?  Reduce the cost of doing business in Michigan by another $100 million and help all businesses. Throwing money at anyone who uses the word “jobs” is as effective as Obama economics. See how your representative voted in favor of this click the link below.
 
Michigan Legislature on wrong track
2009 Senate Bill 986 (Give new home purchase government subsidies) Introduced by Sen. Randy Richardville (R) on November 12, 2009. We have families in our church with a father living in 1 state and the wife and children living in Michigan because that can’t sell their home and dad can’t find work here.  Lower the Michigan Business Tax by 100 million. It may help keep families together.  The above bill does not help the business climate in Michigan.  I am sure you are well aware that Michigan will lose 1 maybe 2 congressional seats because of population lose.
 
Monroe’s Landmark Stores Dropping like Fly’s
All one has to do is take a look around the city of Monroe at all the empty buildings that once was the home of prosperous businesses to see we are not in a recovery! A few years ago Farmer Jack with it’s new modern building closed it’s doors, Hollywood Video is going under, Blockbuster Video has been hanging on though I don’t know how, Burger King on LaPlaisance Road shut it’s doors after 22 years in operation now the Save-A-Lot store at in Monroe Township is set to close before the end of the month and the list goes on. Several business owners I’ve talked with said they have been loosing money for years and don’t know how much longer they will be able to keep their doors open. The Townships, City’s, and the County of Monroe are broke and refuse to make the necessary cuts in government.
 
The Best States For Business and it’s not Michigan
The patch work effort by Michigan legislators to create jobs, save jobs, etc. is ineffective.  The business climate in Michigan ranks 45th. The Michigan Business Tax and the Michigan Business Surcharge Tax must be eliminated! Legislators are cherry picking businesses instead of creating a favorable business climate that attracts businesses as a whole.  We should not have to bribe businesses to come here.  Study tax policies of successful states and implement overall changes.  Meet with business owners and implement changes that help all businesses, not just 1 or 2.
 
We’re the ones who allowed anti-Americans to take over America
By Ted Nugent
Barack Hussein Obama did not sneak into power. An army of clueless, disconnected, ignorant Americans invited him to bring his Marxist, glaringly anti-American jihad into our lives.
 
Lawmakers Return to Washington to Spend More Money
They’re back. Today, Representatives scurried back to Washington from their summer recesses to do what they do best: spend. Speaker Nancy Pelosi (D-CA) ordered the rare one-day emergency session to vote on a $26.1 billion bill to bail out state governments.
 
Dept. of Agriculture official Shirley Sherrod, Obama Fraud exposed
It appears that Ms. Sherrod had just unwittingly exposed herself as the perpetrator of one of the biggest fraud claims in the United States – a fraud enabled solely because she screamed racism at the government and cowed them into submission. And it gets even more interesting. Ms. Sherrod has also exposed the person who aided and abetted her in this race fraud. As it turns out, the original judgment of “Pigford v. Glickman” in 1999 only applied to a total of 16,000 black farmers. But in 2008, a junior Senator got a law passed to reopen the case and allow more black farmers to sue for funds. The Senator was Barack Obama.
 
Sinister pigs 2: stealing BP stockholder dividends
BP ended weeks of speculation Wednesday by canceling its quarterly dividend for the rest of this year. What really happened? The sinister pigs are taking money from the middle class and giving it to the government. Before he died, George Carlin did a routine about the American dream. He said it is called the American dream because you have to be asleep to believe it. “He starts out slamming America’s education system and moves on to how the corporations and business interests have Americans “by the balls.” Carlin says the people that run this country want nothing more than “obedient workers” and now they want our social security money and retirement. “It’s a big club and you and I aren’t in it,” says Carlin.” As usual politicians, international bankers and the corporate elite are paying nothing. That is because they are all members of the big club that George Carlin talked about. Now that the sinister pigs have managed to steal dividends from BP stockholders, what will they go after next?
 
Every government degenerates when trusted to the rulers of the people alone. The people themselves are its only safe depositories.
Thomas Jefferson
 
 

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The Bain Report: Articles that Affect You & Your Family for August, 9, 2010

Do state tax incentives create real jobs, or just ribbon-cutting ceremonies?
Richard Short was just the start of it. In March, the Flint businessman appeared with a beaming Gov. Jennifer Granholm at a Lansing news conference, where she announced Short had been awarded $9.1 million in business tax credits to create more than 700 jobs in economically hard-hit Flint. Hours later, Short was arrested on a parole violation. When it was discovered Short was a convicted embezzler, the state quickly revoked his tax-credit award. “These programs create ribbon cuttings and photo ops, but not real jobs,” said Michael LaFaive, from the Midland-based Mackinac Center for Public Policy, a persistent critic of tax incentives.
 
More Tax breaks for two firms OK’d
Warren resident and former councilwoman Gloria Sankuer suggested that council members invite corporate officials to breakfast and ask them to bring their checkbooks. Pointing out that job growth is fine, Sankuer said: “How about asking them to share in our tax burden at this time? “The residents of Michigan don’t get this kind of (tax relief) consideration.”
 
Taxing Canoes and Kayaks
People who hit Michigan’s lakes and streams with their kayaks and canoes may have to pay a $5 fee to the state first as a host of bills looking to tax the state’s summer activities are under consideration.
 
Abolish State Income Taxes?
On average, schools, health and safety, roads, etc. are no better in states with income taxes than those without income taxes. More importantly, the evidence is very strong that people are moving from high-tax states to lower-tax-rate states.
 
States With The Highest Unemployment For The First Six Months in 2010
No surprise here that Michigan is number one on the list. Michigan’s legislators have run the state into the ground! We can only hope that the citizens of this once great state will vote out all the incumbents in the August, 3, Primary and the November, 2, General elections!
 
Michigan’s Borrow-and-Spend Politicians Eye Kids’ Piggybanks
According to MIRS News (subscription required), Michigan House Democrats are talking about using the peoples’ credit card to close a $300 million gap between desired spending and expected revenue in the state fiscal year that begins on Oct. 1. If the borrowing takes place it would be pure Washington-style deficit spending, a perfect example of what author Steve Malanga called in a recent Wall Street Journal article, “slick maneuvers to avoid constitutional borrowing limits.”
 
Michigan Taxpayers Writing Check to 2nd Electric Car Battery Maker for $100 Million
The operators of another Michigan electric car battery plant, A123 Systems, will receive a $100 million cash subsidy from the state for a 75-acre facility the company has leased in Romulus. The subsidy will be in the form of cash because the plant has been granted ”renaissance zone” status by the Michigan Economic Development Corp.
 
Recovery slows, job data show Business hiring lags
A weak June jobs report offered the latest evidence that the economic recovery is non existent. The failed policies of our elected officials here in Michigan and Washington have been a huge reason. In May, home sales plunged and construction spending dropped after a popular homebuyers’ tax credit expired April 30. Consumer confidence has fallen sharply.
 
Home value havoc not over
Revenues for local governments and schools will fall through 2013, according to the budget that will be presented to county commissioners Wednesday. That’s devastating for homeowners who have seen their equity wiped out and in many cases now owe more on their mortgage than their property is worth.
 
Bill to buy crime lab passes Senate
This is insane! Is this the type of representation the citizens expect and deserve? I think not! We cut our children’s education funding and then turn around and pass a Bill to purchase a crime lab. The funding includes $900,000 for purchase and $1.6 million for converting and renovating the crime lab building. I guess this must be essential for our children who will be short changed in education and have nowhere to turn but to crime! What a travesty by our elected legislators.
 
More Than Half of Workers Took a Job Hit During Recession
The recession that began 30 months ago has been one of the most “punishing” downturns since the Great Depression with 55 percent of the labor force saying it had experienced some kind of work-related hardship while the wealth of the average American household suffered its deepest decline in the post-World War 2 era.
 
McCotter Bill Puts Extra Burden on Bloggers
A Michigan congressman is pushing a bill that would empower the Federal Trade Commission to impose fines on Web site operators if they fail to take down personal information posted on their sites. This is the same Republican congressman who voted in favor of the Patriot Act and Homeland security! Sen. Jay Rockefeller, a West Virginia Democrat, Introduced in the Senate (S.773) Cybersecurity Act of 2009 Read The Bill: S. 773 – GovTrack.us which appears to permit the president to seize temporary control of private-sector networks during a so-called cybersecurity emergency. Internet companies and civil liberties groups were alarmed this spring when a U.S. Senate bill proposed handing the White House the power to disconnect private-sector computers from the Internet.
 
Do You Make As Much as a Government Worker?
Federal employees are often called civil servants because their work is considered a “sacrifice” on their part to “serve” the public. But for many of Uncle Sam’s employees, it’s not really that much of a sacrifice to work for the government. Recent findings reveal that, on average, federal employees receive much higher pay, better compensation and more job security compared to their private sector counterparts, forcing a real sacrifice on the part of taxpayers to fund these elaborate benefits.
 
The Founders’ Vision Versus Ours
The celebration of our founders’ 1776 revolt against King George III and the English Parliament is over. Let’s reflect how the founders might judge today’s Americans and how today’s Americans might judge them. In 1794, when Congress appropriated $15,000 to assist some French refugees, James Madison, the acknowledged father of our Constitution, stood on the floor of the House to object, saying, “I cannot undertake to lay my finger on that article of the Constitution which granted a right to Congress of expending, on objects of benevolence, the money of their constituents.” He later added, “The government of the United States is a definite government, confined to specified objects. It is not like the state governments, whose powers are more general. Charity is no part of the legislative duty of the government.” Two hundred years later, at least two-thirds of a multi-trillion-dollar federal budget is spent on charity or “objects of benevolence.”
 
Milan to lose 200 jobs: Automotive Components Holdings plant
About 200 jobs will be eliminated at the Automo­tive Components Holdings plant in Milan as the factory phases out its fascia-manu­facturing operation through the end of this year.http://www.monroenews.com/apps/pbcs.dll/article?AID=/20100708/NEWS01/707089973
 
Homes lost to foreclosure on track for 1M in 2010
More than 1 million American households are likely to lose their homes to foreclosure this year, as lenders work their way through a huge backlog of borrowers who have fallen behind on their loans.
 
Quotas Hidden in Bank Reform Bill Will Cost Taxpayers Millions
Buried deep in the bowels of the massive financial-regulation bill the Senate passed Thursday are massive race- and gender-employment provisions that will cost countless millions to enforce and appear to duplicate other civil-rights initiatives already in place.
 
Taxpayers to foot bill for Kilpatrick’s defense
Clad in an inmate’s uniform and leg irons, a noticeably thinner Kwame Kilpatrick pleaded poverty Tuesday when charged in federal court with 19 counts of fraud and income tax violations. Hours later, James C. Thomas, the same high-powered attorney paid by Kilpatrick to lead a legal team in fighting criminal charges stemming from the text message scandal, was appointed to represent Kilpatrick again — this time at taxpayer expense. What a sham on the taxpayers of Michigan.
http://www.detnews.com/article/20100714/METRO01/7140371/1410/METRO01/Taxpayers-to-foot-bill-for-Kilpatrick-s-defense
 
NRA Openly Floats A Harry Reid Endorsement
The NRA is now openly floating, or at least allowing to be floated, its endorsement of Harry Reid, a man who voted for the Brady Gun Bill. In a New York Times puff piece on the NRA that largely gives the NRA credit for things it tried to undermine (more on that later), there is this: A point of contention on both the left and the right is the N.R.A.’s close working relationship with Mr. Reid, the Senate leader who helped get a number of pro-gun rights measures included in broader bills. That relationship has led some gun rights supporters to lobby against the idea that the N.R.A. might endorse Mr. Reid in his tough re-election campaign this November in Nevada.
 
The Myth of the Social Security “Trust Fund”
“The time of reckoning is already upon us: Social Security is right now in deficit, sucking funds out of the general pool. Americans should brace for further tax hikes — in the name of ‘saving Social Security’ — and anyone under 40 should have no illusions about retirement benefits.”
 
My reading of history convinces me that most bad government results from too much government.
Thomas Jefferson
 
 
  
 

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