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ARCHIVES NEWS Labor News History Archives Labor Archives 2007 Labor News Archives 2006 Labor News Archives 2005 Labor News Archives 2004 Labor News Archives 2003 Labor News Archives 2002 Labor News Archives 2001 Labor News Archives Labor News |
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"He hasn't mentioned the subsidies his own state of Tennessee has given toThe GOP [GOP=Grand Old Party=Republican] does a lot of chest-thumping about "Country First" and patriotism. It's fun to watch them destroy American manufacturing so they can keep Japanese and German corporate executives happy. OK, maybe not so fun." -By D-Day via Hullabaloo
, making it harder for the Big 2 1/2 to compete:""Tennessee offered its richest incentive package — and perhaps the most government assistance and tax breaks ever for an American automobile plant — to lure [German auto manufacturer] Volkswagen to Chattanooga [Tennessee]."
"But the state’s chief business recruiter said Wednesday that the benefits from VW’s $1 billion assembly plant far will exceed what could top $500 million in government assistance and tax breaks for the project."
"“The Volkswagen investment in this community is going to have a tremendous economic gain for the entire region,” said Matt Kisber, Tennessee’s commissioner for economic and community development. “I’m confident we’re going to have a very reasonable incentive package when you look at the initial costs of what is being offered compared with a much bigger long-term return.”"
"Yes, that's the logic -- these incentives will bring more money to the region than they cost. But it doesn't always work out that way. As David Cay Johnston noted in Free Lunch, these kinds of subsidies frequently wind up costing communities much more than they ever make back:"
"Johnson writes: "The tribute Cabela's demanded from Hamburg [Pennsylvania] amounted to roughly $8,000 for each man, woman, and child in town." Johnson points out that between 2004 and 2006, Cabela's earned $223.4 million. During those years, it collected at least $293.7 million in subsidies, more than its reported profits. Meanwhile a family business selling fishing and hunting gear was driven out of business in Hamburg."
"Funny nobody is mentioning this."
"• an economic meltdown of historic proportions""Yesterday, joined by San Jose [California] Mayor Chuck Reed and Oakland [California] Mayor Ron Dellums I [San Francisco, California's mayor Gavin Newsom] announced a nine-step policy plan for transforming the Bay Area into the "Electric Vehicle (EV) Capital of the U.S. [United States]" In support of this initiative Better Place, a global electric transportation company announced that it would enter the U.S. market with California as its first state, beginning in the Bay Area." ... "Commercial availability of electric cars is targeted to begin in 2012, and Better Place estimates its network investment in the Bay Area will total $1 billion when the system is fully deployed. I welcomed Better Place's announcement and anticipate many other EV companies will focus on the Bay Area as a top-priority market." ... "Electric vehicles represent an overarching, game-changing solution that allows us to transform, and recharge the American transportation sector for the 21st century. By accelerating the conversion of the car industry from its oil dependent past, to a new electric century, we can jump start the car industry, eliminate our dependence on oil, reduce our required presence in the middle east, create millions of jobs, and eliminate a significant portion of our CO2 emissions." ... "This plan ties together a triangle of influence that can get our nation back on track: Detroit [Michigan] car makers who know how to scale production, working in concert with San Francisco's culture of innovation, aided by Sacramento [California's capital] and Washington DC [America's capital] policy-making. The goal is to create a sustainable strategic advantage for the US instead of a series of bailouts." ... "As California prepares to launch this electric recharge infrastructure project, it can also serve as a blueprint for a more widely integrated solution." ... "California can generate upwards of $2.5B in new investment in jobs and the economy for the infrastructure effort, with billions more in cars and battery sales to consumers. The nation as a whole can trigger tens of billions in infrastructure, manufacturing and innovation investment. At the same time, this conversion reduces the cost to the consumer and nation per mile we drive. California, followed by the western US states of Oregon and Washington are ready to drive this effort." -By Gavin Newsom -HuffingtonPost.com
"• a car industry crashing, because of a lack of innovation and growth"
"• oil dependence transferring our wealth abroad"
"• an extended military presence in the Middle East"
"• and climate change, which threatens the health of our planet"
"Catholic Democrats is expressing surprise and shock that Republican vice presidential nominee Sarah Palin's acceptance speech tonight mocked her opponent's work in the 1980s for the Catholic Campaign for Human Development. She belittled Democratic presidential nominee Barack Obama's experience as a community organizer in Catholic parishes on the South Side of Chicago, work he undertook instead of pursuing a lucrative career on Wall Street. In her acceptance speech, Ms. Palin said, "I guess a small-town mayor is sort of like a community organizer, except that you have actual responsibilities." Community organizing is at the heart of Catholic Social Teaching to end poverty and promote social justice."... "So here is what [Republican Rudy] Giuliani and [2008 Election Republican Vice Presidential Candidate Sarah] Palin didn't know: Obama was working for a group of churches that were concerned about their parishioners, many of whom had been laid off when the steel mills closed on the south side of Chicago. They hired Obama to help those stunned people recover and get the services they needed--job training, help with housing and so forth--from the local government. It was, dare I say it, the Lord's work--the sort of mission Jesus preached (as opposed to the war in Iraq, which Palin described as a "task from God.")" -By Joe Klein -Time-Blog.com