Monday, November 29, 2010

Making Money Jobs

Earlier today the students of Citrus College in Glendora, California published an open letter ("Governor Elect Jerry Brown: We need your help") concerning the institution's financial health. And if the letter's economic illiteracy and intellectual bankruptcy are indicative of California in general, I recommend flushing twice and starting over.

Dear Gov.-Elect Jerry Brown,

...as the generation who is currently feeling the brunt of the state's financial hardships, we are asking for your help because we do care and changes need to be made.

-- Education is our priority. Please invest in it.

...College enrollment has gone down inpart because students cannot afford tuition costs, putting more weight on our already-impacted local community colleges.

The UC and Cal State systems have continuously imposed tuition increases while still making class cute , in reality, making students pay more for less... We as students are not only handling with the pressures of succeeding in our studies, but also dealing with the stress of getting, seemingly unattainable, classes and trying to afford tuition...

Could someone interpret those last few sentences for me?

In order to pay for the ever-rising tuition, we also need to find work.

We need you to create jobs and offer tax incentives to keep jobs in California.

In short: we, the students of Citrus College, demand that you raise taxes to help increase the quality of education while simultaneously lowering taxes to keep jobs in California so we can find jobs.

According to the Los Angeles Times, California is ranked as having the third highest unemployment rate...

Next cuts and tax increases must be made in appropriate areas to bring back balance to this state's finances.

I'm sooo confused, students! Tax incentives, mentioned in the prior paragraph, are the opposite of tax increases.

One thing is certain, California needs to keep a closer eye on who is receiving public services like welfare and WIC...

The government should be run just like any other business and reduce the wasteful spending that they so often spend on overtime and unrealistic government pensions.

There should also be an increase in taxes... Alcohol and cigarettes should be more heavily taxed as well as the uncommonly thought of, junk food... For example, reconsider the soda tax.

Say, I wonder if heavy taxation of "junk food", "soda" and sundry other taxes will hurt entry-level jobs like those in grocery and convenience stores, mom-and-pop retailers and the like?

This is your second time as California's governor and our votes have shown we trust in your experience.

Please, do not let us down.

Sincerely, the students of the Citrus College Clarion.

Jerry Brown's first two terms as governor led to many of the problems you're facing now, kids. In fact, during the campaign, he was forced to admit to a series of screwups and Statist social engineering policies that helped bankrupt the state.

What color is the sky on your planet, Citrus College students?

Sorry, children, but you're about to find out for yourselves just how screwed up the the modern Democrat Party is. There are no unicorns, there are no free lunches, and your new governor is just like the old Jerry Brown: dumber than ever and owned lock, stock and barrel by the public sector unions.

Welcome to the Tea Party.



OK, so there’s this Democratic president who’s really good on spending. Meaning, he does it a lot. Among the most ever, in fact.


For more than 18 months he spent like there was no midterm.


He authorized the government takeover of a car company. When in doubt — or not — get the government involved. Something about saving jobs, union jobs.


But now the government’s getting out by selling stock. And it looks to be making money. Which is an unknown thing in government but in private business usually involves getting back more money than was put it. It’s called a profit. He couldn’t bring himself to say the word. But that’s what it is, a profit for taxpayers.


So do you think that profit will be returned to taxpaying shareholders whose money saved the day?


Here’s how that president put it:


THE PRESIDENT:  Hello, everybody. Good afternoon. Today, one of the toughest tales of the recession took another big step towards becoming a success story.


General Motors relaunched itself as a public company, cutting the government’s stake in the company by nearly half. What’s more, American taxpayers are now positioned to recover more than my administration invested in GM.


And that’s a very good thing. Last year, we told GM’s management and workers that if they made the tough decisions necessary to make themselves more competitive in the 21st century — decisions requiring real leadership, fresh thinking and also some shared sacrifice –- then we would stand by them.


And because they did, the American auto industry -– an industry that’s been the proud symbol of America’s manufacturing might for a century; an industry that helped to build our middle class -– is once again on the rise.


Our automakers are in the midst of their strongest period of job growth in more than a decade. Since GM and Chrysler emerged from bankruptcy, the industry has created more than 75,000 new jobs. For the first time in six years, Ford, GM and Chrysler are all operating at a profit.


In fact, last week, GM announced its best quarter in over 11 years. And most importantly, American workers are back at the assembly line manufacturing the high-quality, fuel-efficient, American-made cars of tomorrow, capable of going toe to toe with any other manufacturer in the world.


Just two years ago, this seemed impossible. In fact, there were plenty of doubters and naysayers who said it couldn’t be done, who were prepared to throw in the towel and read the American auto industry last rites.


Independent estimates suggested, however, that had we taken that step, had we given up, we would have lost more than 1 million jobs across all 50 states. It would have also resulted in economic chaos, devastating communities across the country and costing governments tens of billions of dollars in additional social safety net benefits and lost revenue. 


That wasn’t an acceptable option –- to throw up our hands and to quit. That’s not what we do. This is a country of optimistic and determined people who don’t give up when times are tough. We do what’s necessary to move forward.


So these last two years haven’t been easy on anybody. They haven’t been without pain or sacrifice, as the tough restructuring of GM reminds us.


And obviously we’ve still got a long road ahead and a lot of work to do -– to rebuild this economy, to put people back to work, to make America more competitive for the future and to secure the American Dream for our children and our grandchildren.


But we are finally beginning to see some of these tough decisions that we made in the midst of crisis pay off. And I’m absolutely confident that we’re going to keep on making progress. I believe we’re going to get through this tougher and stronger than we were before.  Because just as I had faith in the ability of our autoworkers to persevere and succeed, I have faith in the American people’s ability to persevere and succeed. And I have faith that America’s best days and America’s — and American manufacturing’s best days are still ahead of us.


Finally, I just want to embarrass a couple of people. Ron Bloom and Brian Deese are key members of the team that helped to engineer this rescue of GM and Chrysler. So it had not been for these two gentlemen, a whole lot of people might be out of work right now. We are very proud of them and I figured that I’d go ahead — you can see they’re all looking sheepish — point them out to you. So thank you very much, everybody.


(Malcolm is the Top of the Ticket blogger at latimes.com/ticket )


Update (AP): Here’s the clip. The good news? We’ve only lost $4.5 billion on share sales thus far.


Visit msnbc.com for breaking news, world news, and news about the economy







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