Majority in N.J. disapproves of Gov. Christie’s methods, policies

http://www.bloomberg.com/news/2011-06-29/new-jersey-s-christie-loses-support-for-second-term-over-budget-slashing.html

So do I for that matter. He is the most divisive governor in New Jersey’s history and for all his fanfare, he has not even acknowledged the political and tax reforms that New Jersey needs to remedy the ills affecting the state.

Still, in view of the fiscal straights where the state is, a pension reform was needed, however, not alone. It should have been accompanied by a general call to austerity in the government . The government should have built a state-wide consensus to address the fiscal crisis and the governor himself should lead by example.

 

 

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Posted in All New Jersey 2013 | Comments Off on Majority in N.J. disapproves of Gov. Christie’s methods, policies

New free trade agreements stink

http://www.nytimes.com/2011/06/29/business/29trade.html?_r=1&ref=global-home

The White House conditioned acceptance of the deals to the republicans accepting an extension of benefits to American workers who lose their jobs as the result of the agreements. The program is known as trade adjustment assistance or TAA. Now listen to the WH spokesman Jay Carney:

“Now it is time to move forward with T.A.A. and with the Korea, Colombia, and Panama trade agreements, which will support tens of thousands of jobs.”

10,000’s of jobs? Where? Carney’s statement sounds like poppycock to me. Why is any unemployment extension needed for people who lose their jobs in the U.S. as consequence of the agreements if the bloody agreements are supposed to create jobs? Somebody may argue that we lose some jobs and gain others. So far though, we have a net loss for NAFTA.

I may counter that the agreements also serve for American corporations  moving their facilities to those countries and then exporting  their own products to the United States, duty free, and priced as if they were made here.

Why is president Obama doing this?

U.S. The double sham sanctified by the two parties

http://www.bloomberg.com/news/2011-06-28/biggest-tax-avoiders-win-most-gaming-1-trillion-u-s-tax-break.html

This happens because tax laws crafted by both democrats and republicans allow it.

First, move profits to a subsidiary overseas, even if it is a ghost-company.

Second, ask for a tax holiday to bring the profits home, tax-free.

 

Posted in All New Jersey 2013 | Comments Off on U.S. The double sham sanctified by the two parties

An angle on the New Jersey pension/benefits reform

http://blog.nj.com/njv_bob_braun/2011/06/braun_pension_overhaul_unfairl.html

What the two parties are doing is distracting people’s attention from their leading this state into a fiscal mess. And many people give up on reasoning and follow their worst instincts.

I don’t want to make comparisons with events in other countries at other times in history but there are many examples.

As foreclosures re-start, after the moratorium imposed by the courts, and now with this blow to such a large percentage of the population, the writer here is absolutely right: The New Jersey economy will take a hit.

Even though pension and health care reforms were needed to remedy fiscal imbalances, this reform should be accompanied by a number of other reforms badly needed to stimulate the economy.

But the two dominant parties have chosen to carry out the only reform that does not affect their control on New Jersey. Furthermore, the combative execution of the reforms has opened a wide schism among New Jersians.

Posted in All New Jersey 2013 | Comments Off on An angle on the New Jersey pension/benefits reform