State's Huge Job Loss Raises Eyebrows: Job Less Recovery? Or JOB LOSS?!?

The Hartford Courant ^ | August 19, 2003 | By BARBARA NAGY, Courant Staff Writer

[RaceBannon]

Connecticut lost a staggering 12,100 jobs in July, the biggest one-month drop since the 1989-92 recession, and the unemployment rate jumped three-tenths of a point to 5.2 percent.

The plunge in employment across almost all industry sectors suggests that the state's job outlook is worse than economists thought. They warn against reading too much into figures for any single month, but say July's decline was disappointing.

[RaceBannon]

Job Less Recovery?

Or is it Jobb Loss Recovery?

[RaceBannon]

Auto Excerpt didnt work to well on this one...

[harpseal]

ping

[harpseal]

Now the solution


In no particular order of importance.

1. Get rid of government subsidies for offshore investment of US companies. OPIC is the first such program which should go but support of World Bank programs that subsidize the outflow of Capital would be another.

2. Use tariffs on those nations which are engaged in unfair trade practices such as currency manipulation (China and India for example), those nations which refuse to open their markets to US products (China for example with its 50% tariffs on US consumer goods and non tariff barriers), those nations that subsidize competition to American Industry (airbus for example) and those nations which have slave conditions for their workers.

3. Use tariffs and other means to prevent the relocation of jobs offshore that are essential to the national defense. If necessary take control of the company seeking to export vital technology or industry by means of eminent domain (No I do not like this last option and I will only defend its use as an absolute last resort like say in the case of rare earth magnets essential to smart bomb technology).

4. An immediate end to guest worker programs. If people wish to come to the USA to work and make a life let them immigrate according to the rules.

5 Provide economic development zones where the corporate income tax is zero for operations within these zones. In order to operate in this zone a company must agree to only purchase American components if available and employ only American citizens or legal immigrants in these operations. These economic development zones shall be eventually be expanded to include every bit of every state once the benefits are shown I would like them to be totally implemented immediately but I realize4 that may be overreaching.

6. Scale back unnecessary regulation including the tort system. Institute a cap on punitive damages, limits on class action suits, and limits on liability to the actual percentage of liability with no plaintiff able to collect if said plaintiff was involved in the commission of a felony at the time of the alleged tort or was more than 49% negligent in the alleged tort. Note that the loser in a frivolous lawsuit shall pay the attorney fees of the winner. There are many other regulatory structures that also need to be included that need to be included such as repealing the Family leave mandate, getting rid of OSHA etc.

7. Increase the domestic content in purchases by the Department of defense and give absolute preference in non-domestic content to proven allies of the USA over say the French or Germans. The only reason any content for DOD purchase may come from non US allies is that content is not available elsewhere and is essential.

8. Do not allow expense involved in moving operations overseas to be included in business expenses under the IRS code.

9. Prosecute for perjury anyone who has made a false statement in order to employ an H1B or L1 visa worker. I will be lenient on the actual perjurer if he/she was ordered to make this false statement and he/she provides testimony to aid in the conviction of the person ordering the perjury. Just because a person is a CEO does not give them a pass on criminal behavior.

10. Prosecute anyone who orders the transfer of vital defense technology or funds a R&D project that could be of use to our military overseas except to strong allies of the USA. Make the necessary enhancements to our espionage laws so that continued support or funding of any R&D in a nation whose government has threatened the USA is guilty of espionage. The UK and Australia come to mind as meeting these criteria for being eligible for transfer of technology first. There will be other nations and a gradation of what can be transferred to which specific nation. Under no circumstances may technology be transferred to any nation whose government has threatened the USA within five years without a complete change of government or specific exemption from Congress and the administration.

11. Deport all illegal aliens immediately and take measures that prevent the entry of any more illegal aliens. Fine all companies knowingly employing illegal aliens Criminal sanctions should be imposed on anyone helping an illegal alien stay in the USA in violation of our laws.

12. Decrease the punishing levels of taxation on companies and eliminate the double taxation on corporate dividends. See effects of item 5 for how minimal this will be if item 5 covers the entire USA. Eliminate all IRS provisions that inhibit free use of independent contractors by businesses for example section 1706.

13. Eliminate the minimum wage so that the worker can be paid based on productivity. Overtime compensation will remain the same but instead of 150% of the "wage" the worker would receive 150% of the production pay. If one through 13 are enacted # 14 becomes an irrelevancy as no one will be working for that low a wage.

Please everyone who agrees with the above solution get it to evry politician you know of. get freinds, neighbors co-workers former co-workers to get this out to every politician from the White House to your neighbor's house

[sport]

Mark for later.

[BushCountry]

Neither, just a piss poor run state. Several states have posted job gains. Both Florida and Mass posted over 100,000 jobs gains over last year. Make the states more business friendly, enterprise zones, lower taxes and growth happens.

[truthkeeper]

It's obvious you've given a lot of thought to this subject. Your post was very interesting; thank you.

[tbpiper]

Now the solution

Thanks for some suggestions. I've read a lot of bitching about the situation and not much on how to solve it. Good work.

[NC Conservative]

1989-92 recession

Huh?

[winodog]

I like the way you have put some thought into solutions. You might to reword #4 though to indicate where or who the watchdog will be. We sure dont need to hire more gov.org people to staff it.

[winodog]

Sorry that should be #5 but it might apply to othere as well.

[UncleDudley]

I agree with most of what you posted. But it appears the public policies are geared more towards minimum wage service jobs and a bankrupcy cycle which permits the re-establishment of credit every seven years. Why be competitive and have real jobs which require real sweat?

All the Fed has to do is keep selling debt service and printing more money for minimum wage earners to live above their means. Just think of the allurement of not having to pay for things one can't normally afford.

IMO, that's the way this nation is headed. The bankruptcy cycle is already the mode of operation of millions.

[N. Theknow]

Good list!

May I suggersst one other item?

Elect officials with brains and the guts to use them.

[ARCADIA]

Alternative solution:

Do nothing.

12 months after we are all unemployed the unemployment rate as it is currently calculated will be zero. I bet you though that a zero unemployment rate was unachievable and desirable. [/sarcasm].

[harpseal]

Hey as long as the peasents can not rise up what is the poblem if they starve? A load or two of grapee shot at them will keep them in line.

[harpseal]

May I suggersst one other item?

Elect officials with brains and the guts to use them

I was trying to keep my proposed points to within the realm of the possible. But I ahve no objection to your idea. I just wish it had a possibility.

[N. Theknow]

I was trying to keep my proposed points to within the realm of the possible. But I ahve no objection to your idea. I just wish it had a possibility.

Yeah, it does sorta rank right up there with Dan Rather and Peter Jennings being fair and objective doesn't it?

[LibertyAndJusticeForAll]

[ "People are not finding jobs," he said.

The economy is growing, but not enough to provide jobs for the people who are looking, said Fairfield University Professor Edward J. Deak. ]

Has the Professor noticed all the new jobs being provided for workers in India and China by "our growing" economy?

[RaceBannon]

Ct fell in the tank when the Berlin Wall fell down, we were heavily defense orientated in our production and factories, we have Sikorsky, Groton/Electric Boat, Pratt&Whitney, Hamilton Standard, KAMAN, Colts Firearms...etc...

And when the defense contracts went away, we went into almost a depression for 5 years.

[RaceBannon]

I have no idea where you say Mass posted job gains! Everything I read on MAss was they were one of the hardest hit on Job Loss!!