California still sharing space with whale pucky!
Like we need more bad news in or about California ... but the Chief Executive organization's survey of Best and Worst States for Business 2010 finds the Golden State's golden…
CA seed money drying up
No surprise that California's continuing budget problems resulted in a significant drop in funds available through the California Small Business Loan Guarantee program. Why? Because a chunk of its trust…
White House Jabbing about Jobs
As I’ve said here before, I don’t think our elected servants in D.C. know much about creating jobs. Let’s remember that the stimulus program was always “too little, too late” and we harped here that the length of time over which those funds would be deployed was way too long … witness today that jobs officials say more than 50% is still in the pipeline over one year later. So, no surprise it hasn’t help as much as they would have you believe. Robb Mandelbaum writing in the NY Times also agrees that there is very little in President Obama’s most recent speeches flowing from the Jobs Summit last week.
What do you think of the ideas being floated about, the key ones of which are summarized here? Will any of them help your business? Are there other ideas that could work? Fire up those fingers and add your comments here.
For one thing, the Administration continues to talk about incentive programs to spur business lending. While that would also be welcome, it doesn’t get at the root cause of unemployment and jobs growth. I’ve reported here before that lending is NOT the biggest problem in the middle market … it’s demand and revenue growth. Companies are not going to borrow except to meet demand and if demonstrable demand is present, borrowing is usually easier anyway.
One idea is to eliminate the capital gains tax for small business investing. (more…)
Job Stimulus? Recession Over? Hornswoggle!
The reports are continuing on the woeful effects of the Obama job stimulus program, heralded as the American Recovery and Reinvestment Act. The $789 Billion package was to create or “save” 3 million jobs but here’s the thing.
You know how your spouse says she or he just “saved money” when they bought something on sale … but you can never really find or see those “savings”? That’s the same logic the Administration uses to claim it’s “saved jobs” as they seek to defend the success of the stimulus package.
Not only is job creation meager, but the costs are staggering. The White House’s Recovery Act site – shows, for example, that $660 million has been awarded to Bay Area transportation projects to create 997 jobs, which amounts to a staggering $661,986 per job. Last week, the site showed that California Congressional Districts 00 and 99 received millions of dollars in stimulus funding even though neither district exists. (more…)
Looking beneath the headlines … more danger?
In my last few posts, I've discussed the job creation efforts of the Obama Administration, which have had abysmal results.There are a lot of voices coming to the same conclusion.…