Same words, same speeches, same failed policies.
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Showing posts with label jobs. Show all posts
Showing posts with label jobs. Show all posts
Kean: NJGOP Continues Focus On Jobs
New Jersey Senate Republican Leader Tom Kean issued the following statement today following the Senate President's announcement that the Legislature will spend the next several months seeking to implement a series of economic measures that will help jumpstart the state’s sagging economy:
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"Republicans continue to be willing and ready to work at a moment's notice on any legislation that creates permanent, private sector jobs in the state. We must reignite our state's competitive advantage and attract businesses and create jobs. Unemployed workers deserve a government that works across party lines to consider every responsible proposal to improve our economy and get residents working again."
Below are a list of several bills Republicans asked Democrats to consider, nine months ago, that would have helped jumpstart New Jersey's economy and create much-needed jobs.
S-543 (Kean, T., Introduced 1/12/10) — Economic Development Promotion Act
Goal: Seeks to promote economic development by: overhauling an inefficient economic development bureaucracy, eliminating antiquated statutes, providing low-cost assistance to prospective employers and entrepreneurs, and revamping New Jersey’s tourism marketing strategy.
S-1850 (Kyrillos, Introduced 3/22/10) — Requires the Director of the Division of Taxation to study impact of State business income taxes on business out-migration, business formation, and employment.
Goal: To provide legislators an understanding of which policies, past and present, contribute to job losses in New Jersey.
S-1865 (Kyrillos, Introduced 3/22/10) — Provides a corporation business tax credit for certain investments in manufacturing equipment and manufacturing facility renovation, modernization, and expansion.
Goal: To stop the manufacturing job losses, and encourage the cutting edge companies to stay and expand in New Jersey.
S-761 (Beck/Kyrillos, Introduced 1/12/10) — Revise Business Employment Incentive Program (BEIP) to remove grant caps for each new employee hired and give equal treatment to all businesses under the program.
Goal: Provide strong incentives for employers to hire new workers.
S-976 (Allen, Introduced 2/1/10) — Allows free access to certain job training courses for employees affected by plant closings, mass layoffs, or transfer of operations.
Goal: To help improve the employment prospects of workers laid off in declining industries.
Romney To Unveil Major Economic Plan
Mitte Romney will unveil a major plan for jobs and the economy tomorrow.
But You can find a preview of it in a fine column that Romney has written for USA Today that also appears on Mitt's website.
Here are some brief excerpts from the column:
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But You can find a preview of it in a fine column that Romney has written for USA Today that also appears on Mitt's website.
Here are some brief excerpts from the column:
Tomorrow, I will introduce a plan consisting of 59 specific proposals — including 10 concrete actions I will take on my first day in office — to turn around America's economy. Each proposal is rooted in the conservative premise that government itself cannot create jobs. At best, government can provide a framework in which economic growth can occur. All too often, however, government gets in the way. The past three years of unparalleled government expansion have retaught that lesson all too well.Click here to read the entire column.
Only the individual initiative of entrepreneurs, workers, investors and inventors enables companies, and our economy as a whole, to flourish. We must once again unleash the tremendous economic potential of the American people. The contrast between what the Obama administration has done and what I would do as president could not be starker. . . .
Seeking to pay back political favors, President Obama has catered to the institutional interests of union bosses at the expense of both workers and businesses. I will fight against measures that deprive workers of basic rights, such as the secret ballot. . . .
I will also press for a Constitutional amendment to balance the budget. Tellingly, while the private sector shed 1.8 million jobs since Barack Obama took office, the federal workforce grew by 142,500, or almost 7%. A rollback is urgently required.
Union Leader: 'Take Out' Tea Party 'Sons Of Bitches'
At President Obama's Labor Day Rally James Hoffa, son of Jimmy Hoffa and current President of the Teamsters Union says 'They have a War!' 'Our Army is Ready to March For You'. 'Let's Take These Son of a Bitches Out!'
Hoffa was referring to members of the Tea Party and others who oppose the president's policies. Hoffa spoke just before the President.
As far as we know, neither the president nor anyone from his administration has condemned (or even dissociated themselves from) these scurrilous remakrs.
I suppose this is what the Democrats and the liberals mean when they talk about "civility."
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Hoffa was referring to members of the Tea Party and others who oppose the president's policies. Hoffa spoke just before the President.
As far as we know, neither the president nor anyone from his administration has condemned (or even dissociated themselves from) these scurrilous remakrs.
I suppose this is what the Democrats and the liberals mean when they talk about "civility."
Your Tax $$$s - Obama's Half-Billion-Dollar Bad Bet!
In Obamaland it just gets worse and worse: House investigators said they have uncovered evidence that White House officials became personally involved in an Energy Department review of a hot-button $535 million loan guarantee to the now-failed California solar company Solyndra.
Remember: It's your money!
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Remember: It's your money!
Romney: Help Jobless, Those Facing Hardship
A special message from Mitt Romney:
As we celebrate this Labor Day, we should not forget the great many families facing economic hardship. Over 25 million Americans are unemployed, underemployed, or so discouraged that they have stopped even looking for a job.
This week I will outline a comprehensive plan to put America back on the road to economic growth and job creation. We cannot continue on a course that has kept unemployment above 8 percent for the longest stretch since records have been kept. The potential of the American people has been demonstrated time and again. With leadership that understands how jobs are created, that potential can be unlocked – that is why I am running for President of the United States.
NJ: Banks, State Team Up To Help Business Recover
New Jersey Governor Chris Christie and Lt. Governor Kim Guadagno have announced that the Board of the New Jersey Economic Development Authority (EDA) will review a temporary expansion of its Main Street Business Assistance Program on Tuesday, September 6, to support disaster recovery efforts. The Main Street Disaster Relief Program was specifically designed to ensure that New Jersey businesses impacted by Hurricane Irene have access to capital to improve their damaged property while awaiting insurance proceeds.
To support the recovery of New Jersey’s businesses and protect the overall economic interests of our state, Governor Christie and Lt. Governor Guadagno announced a series of business assistance services last week through the collective efforts of the Partnership for Action, which includes the Business Action Center (BAC), the EDA and Choose New Jersey, in addition to the Departments of Banking and Insurance, Community Affairs and Labor and Workforce Development.
New Jersey has coordinated a range of multi-agency resources to support our business community during this challenging time,” said Governor Christie. “By partnering with banks and expanding access to capital in this expeditious manner, we will be able to provide a financial lifeline to businesses and help sustain New Jersey’s economic vibrancy.”
The Main Street Disaster Relief Program would temporarily increase the benefits of the guarantee EDA offers on lines of credit. Currently, the Main Street Business Assistance Program includes an EDA line of credit guarantee of up to $250,000. If it is approved by the Board on Tuesday, line of credit guarantees will be temporarily increased to up to $500,000 and made available to businesses that were damaged in the hurricane in order to provide them the necessary financial resources as they await insurance proceeds. EDA offers line of credit guarantees only through its Preferred Lenders; however, this temporary disaster relief effort will also make available line of credit guarantees to EDA Participating Banks as well. The line of credit guarantees will be limited to the lesser of $500,000 or 50 percent the line of credit outstanding at the time of default.
"The Main Street Disaster Relief Program is all about helping our businesses resume operations as quickly as possible in the wake of last week’s hurricane,” said Lt. Governor Guadagno. “Our banking partners are a critical part of this effort, and we encourage impacted business owners across the state to reach out to their banks to find out if this program can help.”
Applicants will have until December 31, 2011 to apply for assistance through the Main Street Disaster Relief Program. Businesses must be in operation for at least two years to be eligible and applicants must be in good standing with their bank. Additional eligibility and terms for the EDA line of credit guarantee through the Main Street Business Assistance Program will remain for this temporary relief effort, which is available to businesses and not-for-profit organizations.
“TD Bank is committed to offering New Jersey sound and beneficial lending programs, and we applaud the Governor’s quick action in advancing a program that will provide critical support to those businesses and not-for-profits that require immediate capital as they await insurance proceeds,” said D. Nicholas Miceli, Market President, TD Bank, NA.
Businesses impacted by the hurricane are encouraged to call their lending institution as a first step. For a list of the EDA’s Preferred Lenders and Participating Banks, click here.
The Main Street Disaster Relief Program is one component of the host of business recovery assistance services announced by Governor Christie and Lt. Governor Guadagno last week. In addition, BAC’s Business Call Center is also the one-stop resource for more information on how to get businesses back up and running. Information for all services may be easily accessed through BAC by calling 1-866-534-7789 or through the state’s business portal at www.newjerseybusiness.gov.
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To support the recovery of New Jersey’s businesses and protect the overall economic interests of our state, Governor Christie and Lt. Governor Guadagno announced a series of business assistance services last week through the collective efforts of the Partnership for Action, which includes the Business Action Center (BAC), the EDA and Choose New Jersey, in addition to the Departments of Banking and Insurance, Community Affairs and Labor and Workforce Development.
New Jersey has coordinated a range of multi-agency resources to support our business community during this challenging time,” said Governor Christie. “By partnering with banks and expanding access to capital in this expeditious manner, we will be able to provide a financial lifeline to businesses and help sustain New Jersey’s economic vibrancy.”
The Main Street Disaster Relief Program would temporarily increase the benefits of the guarantee EDA offers on lines of credit. Currently, the Main Street Business Assistance Program includes an EDA line of credit guarantee of up to $250,000. If it is approved by the Board on Tuesday, line of credit guarantees will be temporarily increased to up to $500,000 and made available to businesses that were damaged in the hurricane in order to provide them the necessary financial resources as they await insurance proceeds. EDA offers line of credit guarantees only through its Preferred Lenders; however, this temporary disaster relief effort will also make available line of credit guarantees to EDA Participating Banks as well. The line of credit guarantees will be limited to the lesser of $500,000 or 50 percent the line of credit outstanding at the time of default.
"The Main Street Disaster Relief Program is all about helping our businesses resume operations as quickly as possible in the wake of last week’s hurricane,” said Lt. Governor Guadagno. “Our banking partners are a critical part of this effort, and we encourage impacted business owners across the state to reach out to their banks to find out if this program can help.”
Applicants will have until December 31, 2011 to apply for assistance through the Main Street Disaster Relief Program. Businesses must be in operation for at least two years to be eligible and applicants must be in good standing with their bank. Additional eligibility and terms for the EDA line of credit guarantee through the Main Street Business Assistance Program will remain for this temporary relief effort, which is available to businesses and not-for-profit organizations.
“TD Bank is committed to offering New Jersey sound and beneficial lending programs, and we applaud the Governor’s quick action in advancing a program that will provide critical support to those businesses and not-for-profits that require immediate capital as they await insurance proceeds,” said D. Nicholas Miceli, Market President, TD Bank, NA.
Businesses impacted by the hurricane are encouraged to call their lending institution as a first step. For a list of the EDA’s Preferred Lenders and Participating Banks, click here.
The Main Street Disaster Relief Program is one component of the host of business recovery assistance services announced by Governor Christie and Lt. Governor Guadagno last week. In addition, BAC’s Business Call Center is also the one-stop resource for more information on how to get businesses back up and running. Information for all services may be easily accessed through BAC by calling 1-866-534-7789 or through the state’s business portal at www.newjerseybusiness.gov.
Noonan: Obama's Got A Mighty Hill To Climb
So, there was ZERO job growth in August. And the unemployment rate is still stuck at 9.1%. And the stock market is down again for the week.
Writing in the Wall Street Journal, Peggy Noonan has succinctly summed up the problem that President Obama now faces. Here's an excerpt:
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Writing in the Wall Street Journal, Peggy Noonan has succinctly summed up the problem that President Obama now faces. Here's an excerpt:
The real challenge for the speech is the collapse of trust in the president's economic leadership. There are any number of ways to illustrate this. Here is a CNN poll: 65% of respondents disapprove of how he is handling the economy, 34% approve.Click here to read the entire column.
The president's problem is that shortly after he was sworn in, the size and severity of the recession became apparent, and from that moment he did not do things that the majority of the American electorate, in hindsight, would say were helpful. And that's the problem with the speech Thursday night, a national mood of, "Nothing personal, but we don't think you can help in this area.
Christie Signs Measure To Help Small Business
Continuing the Christie Administration’s efforts to streamline government bureaucracy, assist small businesses to succeed and grow in New Jersey and improve the state’s climate for job growth, Governor Chris Christie signed into law A-3195. The measure establishes a program within the Department of State to assist small businesses in identifying all of the financial assistance programs for which those businesses may be eligible. This program will help small businesses navigate the numerous finance, incentive and assistance programs administered by various State departments and entities that are available to these businesses.
A-3195 sponsors included Assemblymembers Greenstein (D-Mercer, Middlesex), DeAngelo (D-Mercer, Middlesex), Watson Coleman (D-Mercer), Lampitt (D-Camden), Vainieri Huttle (D-Bergen), Conaway (D-Burlington, Camden), and Benson (D-Mercer, Middlesex). Senate sponsors for the substituted bill included Senators Beach (D-Camden) and Whelan (D-Atlantic).
Economy Slows To Crawl; Signs Not Good
Well, the latest updated economic reports are in and they don't look good.
In fact, the economy grew much slower than previously thought in the second quarter as business inventories and exports were less robust, according to a government report released today.
The gross domestic product rose at an annual rate of 1.0 percent the Commerce Department said, a downward revision of its earlier estimate of 1.3 percent.
Economists had expected output growth to be revised down to 1.1 percent. In the first quarter, the economy advanced just 0.4 percent. The government's second GDP estimate for the quarter confirmed growth had all but stalled in the first six months of this year.
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In fact, the economy grew much slower than previously thought in the second quarter as business inventories and exports were less robust, according to a government report released today.
The gross domestic product rose at an annual rate of 1.0 percent the Commerce Department said, a downward revision of its earlier estimate of 1.3 percent.
Economists had expected output growth to be revised down to 1.1 percent. In the first quarter, the economy advanced just 0.4 percent. The government's second GDP estimate for the quarter confirmed growth had all but stalled in the first six months of this year.
Right To Work: A Real-Life American Story
States need Right to Work laws that will create jobs and give workers a choice of whether to support a union.
NJ Bucks Trend: Continues To Add New Jobs
New Jersey State Senator Steve Oroho (R-24) said that a string of positive employment reports showing sustained private sector job growth in New Jersey is proof that the common-sense approach to budgeting and tax policy employed by the Christie Administration is yielding results.
“Governor Christie and Republicans in the Legislature have maintained that the best way to create jobs in New Jersey is to lower the cost of government and create a stable environment for businesses that want to grow here,” said Oroho. “Our approach, which is working, stands in stark contrast to the massive increases in taxes and spending under past Democrat administrations that drove businesses and jobs from the Garden State in the last decade.”
The most recent monthly employment report from the New Jersey Department of Labor and Workforce Development shows that the number private sector jobs in the state has increased for the sixth month in a row. According to the report, 3,900 private sector jobs were created in July. Additionally, the number of jobs created in June was revised upward from the initially reported 1,700 to 8,800.
In total, the state economy has added 47,800 new private sector jobs from January to July of this year, an average of nearly 8,000 per month. This continued job growth led Joseph Seneca, a prominent economist from Rutgers University, to say that projections of 65,000 new private sector jobs for the full year, “would be the best job growth year since the late 1990s.”
“Looking around the nation, we know that jobs are still being lost and too many people are struggling to find employment,” added Oroho. “It will take time to recover all of the jobs that were lost, but the continued trend of job growth in New Jersey is certainly a positive sign that we hope will continue.”
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“Governor Christie and Republicans in the Legislature have maintained that the best way to create jobs in New Jersey is to lower the cost of government and create a stable environment for businesses that want to grow here,” said Oroho. “Our approach, which is working, stands in stark contrast to the massive increases in taxes and spending under past Democrat administrations that drove businesses and jobs from the Garden State in the last decade.”
The most recent monthly employment report from the New Jersey Department of Labor and Workforce Development shows that the number private sector jobs in the state has increased for the sixth month in a row. According to the report, 3,900 private sector jobs were created in July. Additionally, the number of jobs created in June was revised upward from the initially reported 1,700 to 8,800.
In total, the state economy has added 47,800 new private sector jobs from January to July of this year, an average of nearly 8,000 per month. This continued job growth led Joseph Seneca, a prominent economist from Rutgers University, to say that projections of 65,000 new private sector jobs for the full year, “would be the best job growth year since the late 1990s.”
“Looking around the nation, we know that jobs are still being lost and too many people are struggling to find employment,” added Oroho. “It will take time to recover all of the jobs that were lost, but the continued trend of job growth in New Jersey is certainly a positive sign that we hope will continue.”
Mitt Romney On The Campaign Trail
“We would not have seen the president on a bus tour had his first 940 days in office been successful. President Obama has not gotten the job done and his policies have failed. He’s hoping that by going on a three day bus tour he can make up for hundreds of days of failure.” –Mitt Romney
Click here for more.
Philadelphia Area Economy Takes Hit
While the national economic picture grows dimmer and stock averages fall, the Philadelphia area economy also seems to be taking a hit.
Specifically, the manufacturing sector looks bleak.
It's just been reported that manufacturing in the Philadelphia region unexpectedly shrunk in August by the most in more than two years. What happened? Well, orders plunged and factories laid off workers.
The Federal Reserve Bank of Philadelphia’s general economic index dropped to minus 30.7 this month. That's the lowest since March 2009. Readings less than zero mean the manufacturing sector is contracting.
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Specifically, the manufacturing sector looks bleak.
It's just been reported that manufacturing in the Philadelphia region unexpectedly shrunk in August by the most in more than two years. What happened? Well, orders plunged and factories laid off workers.
The Federal Reserve Bank of Philadelphia’s general economic index dropped to minus 30.7 this month. That's the lowest since March 2009. Readings less than zero mean the manufacturing sector is contracting.
Bad Economic News Triggers Stock Plunge
The stock market is slipping rapidly -- again -- on some really bad economic news.
More Americans than forecast filed applications for jobless claims last week, suggesting that the labor market is struggling two years into the economic recovery. Claims jumped by 9,000 to 408,000 in the week ended Aug. 13. That's the the highest number in a month.
Inflation also seems to be on the horizon and double-dip recession fears are in the news again.
Here's how Joachim Fels, who co-heads Morgan Stanley's global economics team puts it: "Our revised forecasts show the US and the euro area hovering dangerously close to a recession — defined as two consecutive quarters of contraction — over the next 6-12 months."
And all this is happening as President Obama begins his vacation on Mahtha's Vineyahd.
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More Americans than forecast filed applications for jobless claims last week, suggesting that the labor market is struggling two years into the economic recovery. Claims jumped by 9,000 to 408,000 in the week ended Aug. 13. That's the the highest number in a month.
Inflation also seems to be on the horizon and double-dip recession fears are in the news again.
Here's how Joachim Fels, who co-heads Morgan Stanley's global economics team puts it: "Our revised forecasts show the US and the euro area hovering dangerously close to a recession — defined as two consecutive quarters of contraction — over the next 6-12 months."
And all this is happening as President Obama begins his vacation on Mahtha's Vineyahd.
Peggy: Government Can't Provide Family, Home, Love
A excerpt from Peggy Noonan writing in the Wall Street Journal on rioting, reckless, unemployed and unemployable youth in America and England:
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Where does that leave us? In a hard place, knowing in our guts that a lot of troubled kids are coming up, and not knowing what to do about it. The problem, at bottom, is love, something we never talk about in public policy discussions because it's too soft and can't be quantified or legislated. But little children without love and guidance are afraid. They're terrified—they have nothing solid in the world, which is a pretty scary place. So they never feel safe. As they grow, their fear becomes rage. Further on, the rage can be expressed in violence. This is especially true of boys, but it's increasingly true of girls. What's needed can't be provided by government. When the riot begins or the flash mob arrives, the best the government can do is control the streets, enforce the law, maintain the peace.Click here to read more.