Feb 14, 2012 4:52 PM
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Although Election Day is still nine months away, sparks are already flying between Republicans Randy Altschuler and George Demos, who are vying for Democratic U.S. Representative Tim Bishop’s seat this November.
Mr. Altschuler, a businessman from St. James who lost by a razor thin margin to Mr. Bishop two years ago, announced last week that he was named a “contender” by the National Republican Congressional Committee’s Young Guns program, which aims to boost the campaigns of promising candidates running for Congress. The distinction was given to only 11 Republicans nationwide, said Chris Russell, Mr. Altschuler’s campaign consultant.
Jobs and the economy will be at the forefront of this year’s national election—two issues Mr. Bishop has failed on, said Mr. Russell.
“He’s a creature of Washington,” Mr. Russell said. “He’s presided over the nation’s... more
Mr. Altschuler, a businessman from St. James who lost by a razor thin margin to Mr. Bishop two years ago, announced last week that he was named a “contender” by the National Republican Congressional Committee’s Young Guns program, which aims to boost the campaigns of promising candidates running for Congress. The distinction was given to only 11 Republicans nationwide, said Chris Russell, Mr. Altschuler’s campaign consultant.
Jobs and the economy will be at the forefront of this year’s national election—two issues Mr. Bishop has failed on, said Mr. Russell.
“He’s a creature of Washington,” Mr. Russell said. “He’s presided over the nation’s... more
You talk of outsourcing "talking points" but fail to address the charges that the challenger made a thriving business of contracting with American companies to perform functions overseas that American workers had been performing. Generalities ...more are no help here; show us the "record" that net jobs have been increased in the US by Altschuler.
Offshoring, or outsourcing, it's one less job in our home market.
Nice try, but extremely short sighted, inaccurate, and not to two completely different things so please don't minimize the distinct differences as Tim Bishop and his boss are guilty of offshoring jobs which removes all aspects of the production process vs. inefficient elements. Outsourcing is clearly unfortunate for those whose jobs are being outsourced. However, with the resulting bump in short-term unemployment, its ...more long-term benefits outweigh its costs through efficiency, cost savings and improved market competetiveness. All of which positively contribute to the expansion of the economy. Think big picture.
If you think that the "money saved" expands anything more than executive compensation, and stock buybacks, and profits stashed in offshore tax havens, I've got a nice bridge in Brooklyn you need to see...
The price of cheap labor.
"Outsourcing is the practice of contracting out of goods or services to a third party. You can outsource IT services anywhere in the world—from Bangalore to Buffalo.
Offshoring refers to the practice of completing work at a non-domestic location, whether by workers at a company's own offshore subsidiary (often called a "captive" center) or by a third-party. When you combine the two—offshore ...more outsourcing—you're getting more specific, referring to contracting with an overseas vendor for goods or services. "
From a quick search-
Southampton College Of Long Island University
Address: 239 Montauk Highway, Southampton, NY, 11968
Phone: (631) 283-4000
Website: Southampton College of Long Island University
Type of college: 4-year private, not-for-profit
That was innaccurate,and has been repeated here by the same people for years.It took just a few seconds to prove it wrong;but I'm sure that it will still be repeated with the usul talking points.
And if Obama was a far left Muslim,he would have rounde up all you right wing nutjobs by now.
In economics, the private sector is that part of the economy, sometimes referred to as the citizen sector, which is run by private individuals or groups, usually as a means of enterprise for profit, and is not controlled by the state. By contrast, enterprises that are part of the state are part of the public sector; private, non-profit organizations are regarded as ...more part of the voluntary sector.
Also, Tim Bishop is not an "abysmal failure" and Obama is not the worst president in history. That's insane. Obama is a conservative - yes, CONSERVATIVE ...more - pragmatic leader whose policies (including health care reform) are largely borrowed from the Republicans and conservatives of a prior era. Liberals dislike him for this. Bishop is constituent-minded, well-spoken and wonkish about policy.
If you want to debate about policies and politics, that's fine. But use facts and write with a reasonable tone, please. All this hyperbole and faux facts amount to thought pollution.
Got something more current,like from the last couple of months?
here's how you do it-
Click and hold you're cursor to the left ofwhat you want to copy,then drag it to the end of the sentence or paragraph and let itgo;it will be hi-lited in a blue background.Then right click and you'll get a drop-dwn menu.On that u,left-click 'copy',then go to where you wan to post,open a reply and click your cursor in the repy tab.Then ight-click (and get the drop-deown menu again), find 'paste', and ...more left-click to place the copy of what you want to post.
Too funny...
Remember Dick Cheney?
The Kansas City Star recently reported that Kansas-based Hawker Beechcraft Corp. filed a lawsuit, forcing the Air Force to halt work on a $354-million contract with a Brazilian company to build a light attack aircraft. The Pentagon awarded the contract to Nevada-based ...more Sierra Nevada Corp., which will work with Embraer, a Brazilian corporation that produces the A-29 Super Tucano turboprop. But Hawker Beechcraft contends it was blocked from the contract process.
Todd Tiahrt is a former GOP congressman from Kansas who now runs an aviation and aerospace consulting company. He says the decision makes no sense.
"The amount of American jobs if Hawker Beechcraft won would be 1,400 American jobs -- many of them union jobs and many of them veteran employees," he explains. "But in selecting Embraer, there will only be 50 American jobs, and the airplane will actually be built in Brazil."
But even though the American-made AT-6 performed better in flight tests and was more popular with the pilots, the Obama-led Pentagon decided to outsource 1,400 jobs to Brazil.
"He just recently proposed a program called 'insourcing,' where he wants to punish corporations that are looking for less expensive work and shipping outside the nation," Tiahrt notes. "Yet that's the very same thing he's doing. He's doing it with the Keystone pipeline, he did it with Russian helicopters, and today he's doing it with Hawker Beechcraft national security jobs."
The former congressman hopes this situation outrages Americans and motivates them to ask their members of Congress to investigate the details of how this contract was awarded. In the meantime, Hawker Beechcraft has sued.
"On 26 March 2007, Hawker Beechcraft finalized the purchase of Raytheon Aircraft Company from Raytheon for US$3.3B. Hawker Beechcraft Inc. is a new company formed by the Canadian investment firm Onex Partners and GS Capital Partners, an affiliate of global finance house Goldman Sachs. Today the company is known as Hawker Beechcraft Corporation (HBC).[9]
It has been in deep financial trouble for a number of years,and has been forced to take ...more a bailout from the State of kansas in return for not closing it's facilities-
"The company is carrying a very high debt burden just under US$2.4 billion. The company pays $190 million per year in interest payments, or more than $500,000 a day.[15]"
more-
"On 16 October 2010, union machinists at Hawker Beechcraft voted against a new seven-year contract that would have included a 10% pay cut and higher worker health insurance contributions aimed at keeping the company from moving its operations out of Kansas. Union leadership had recommended that its rank and file accept the company's offer rather than risk losing their jobs, but a majority of the union workers voted against the contract, citing their belief that the company will leave Kansas regardless of incentives and concessions.[25][26]
In December 2010 the company signed an agreement with the Kansas state government to retain facilities in Wichita until at least 2020 and a minimum of 4000 employees in exchange for a US$40M incentive package. Kansas Governor Mark Parkinson termed it, "not a huge bailout".[27]"
Maybe awarding contract to a company that is so much in debt and has had a history o financial trouble wasn't determined to be a good risk.
Tiahrt also has Hawker-Beechcraft on his client list and stands to proft from the awarding of a contract to Hawker-Beechcraft,so it is only natural that he opposes the defense departments opposition to risking taxpayer money on a company that has huge debt prblems.
The "neo-liberals" are wholly responsible for not only the creation of these practices, but are responsible for moving the economy in said direction. They believe that it is a "natural progression", of a post industrial economy. And, they also have no qualms about driving the price of service industry labor through the roof ($100+/hr.), and thereby ...more justifying the need for "cheap labor". The free marketeers in the fiscal industry have also used their play in the fiscal market to drive debt ratios for many companies through the roof with calculus driven investment vehicles (CDS, CDO, CDO squared, CDO cubed, etc.), and risk assessments. The damage done by the deregulating, neo-liberal, free marketeers is all around you, and so is their propaganda that it's not their fault.
Did we all miss "cause and effect" back in our school days, or are we just not informed enough?
More to follow when I can sit down later...
The flaw in your arguement is that there can be no "economic Utopia". That defies any understanding of basic human psychology, like the assumption that the market can regulate itself without any oversight, or regulation. Pure anarchy is not possible, because most people who attain power are hardly altruistic, rarely civllly moral, virtuous and scrupulous. If the economic engine known as Wall St. was in any way altruistic any longer, we wouldn't ...more have crises, or fiscal disasters.
The proper regulation of derivatives would be a good start, we're in too deep to completely eliminate them yet. Grant the CTFC the authority over derivatives it should have, as they are speculative transactions, regarding future outcomes, and thus ARE futures. It's actually rather ironic that an investment vehicle designed to hedge risk, spread it to the entire financial market. What it actually is, would be a pathetic attempt to shift the responsiblity of risk to another in a juvenile method of irresponsiblity. The elimination of the mortgage backed security would go along with that. The MBS, and CDS are unseen black file cabinet debt, and are not even understood by the people betting with them. Sort of like giving a two year old a nuke. I firmly stand behind HR1489, and the reinstatement of the Glass-Steagall. We need to end the protectonist state of Janus style companies like Fannie Mae, and Freddie Mac. I would also presssure the next Basel Accords (IV) to go further with capital requirements, because there will be no more bailouts, unless our country's laws are flaunted. Again. You want your "freeedom", be ready to bail yourself out. We also have populist voices in our society, who will tell you this boatload of history, but many of whose readers or listeners can't seem to figure out that our economy, just like the road needs speed limits, stop signs, and traffic lights. What they need is a Constitutional kick in the gluteus maximus. The founder's idea of freedom, did not mean a lack of rules to prevent the abuse of other's freedom. I mean, how many times can you repeat the word "statist", and expect to be taken completely seriously by a rational, educated adult who grasps how the greed of "Robber Barons" threw the country into the largest fiscal disaster in U.S. history, harming millions with their malfeasance? The description of a statist's traits, are exhibited profanely in a Wall St. financier who usurps power by castrating the law under the guise of "freedom", and makes himself the puppeteer of the governmental authority who should enforce it. What is money, but power incarnate to finance lobbyists and special interests? Wall St. is the equivalent of an economic tyrant. There are those who fail to see the distortion of supply and demand by speculators, who call themselves physical hedgers, and violate the CEA of 1936. Maybe they are "neo-statists", or just simply statists. Roosevelt had some things right, and some things wrong, and to label him as a statist is just the biggest crock of horse**** I've ever heard. Glass-Steagall, the CEA, and the SEC obviously are necessary, since the economic "candy store" will be robbed blind, when the shopkeeper isn't looking. A government dependent welfare state is not a healthy thing. However, a well managed welfare state, that acts as a safeguard for the accumulated personal wealth of a contributing member of society IS a good thing (What happens when you are in a serious wreck, with an uninsured driver? Yeah.) There are a multitude of things in the modern derivative, synthetic vehicle economy that Alexander Hamilton would look at, like the MBS for example and just simply be flabbergasted. I think he might say something like: "Since you took the economy off the gold standard anyway, why didn't you let the Treasury dispense new loans for mortgages? You morons will originate loans from Fed money for just about everything else. Liquidity is one thing. Fiscal wizardry involving capital based on nothing more than smoke and mirrors is another.". If he saw the complicated mess of derivatives, investment vehicles, "synthetic" side-bets, and the like, I could not imagine him saying the complexity is healthy at all, and less so without proper regulation. Law, like taxes, is a requirement of a mammoth civilized society.
Et finale, I would create an appointed committee of people including Brooksley Borne, Steve Eisman, Ha-Joon Chang, Nomi Prins, John Authers, Raghuram Rajan, et al., then add a few quants to the mix, and what we just may get is the closest thing to a "How-to manual" when it comes to just how this "modern economy" should work.
Here's your "reward", and it's a shame I actually have to tell you this, and you counldn't figure it out on your own. There is no "I" in team...
To give you a succint answer to your query: There is no way in Heaven, in Hell, or on Earth that I could do it by myself.
1. Im sorry I asked the question
2. I agree with you in regards to derivates
3. Trust me I know your position on the Glass Steagall act.and there are people such has John MCcain who agree with your position. There are also people who disagree. I do feel reinstating the act would be very difficult at best.
4. I disagree on your concept of a well managed welfare state. its impossible
5. In theory I agree with using gold as the standard but am unsure if at this point it would ...more work without having adverse consequences.
6. I'm surprised Volcker is not on your "commitee. I admitedly have never heard of most of the people you selected (it appears some are merely journalists)
At least you know we are on the same page about some things.
There is no one perfect solution, in an imperfect Union...