Over the weekend I was asked to speak at the African American Economic Summit sponsored by the South Carolina NAACP at Claflin University. The topic of my panel was “Factors Driving the Current Economy”. The keynote address was given by Dr. Douglas Woodward, Director of Research at the University of South Carolina’s Moore School of […]
Once again we are hearing the popular political refrain about small business being crucial to leading us out of the current economic malaise. Yesterday President Obama announced his proposal that he believes will boost rural, small business economic development. According to a Bloomberg report the President’s plan will include: (E)xpanded loan programs run by the Small
Here’s a change—Action instead of talk Read More »
It’s time for business to start creating jobs says Joe Nocera in his opinion editorial in the New York Times today. He’s not talking about small business. We’d love to start hiring again to meet incremental consumer demand but there is no access to capital for us. Nocera is talking about BIG BUSINESS. The companies
Big business heal thyself (before it’s too late) Read More »
With all the national attention being focused on the nation’s lack of jobs and deficit reduction, this week two Illinois U.S. House members put forward their plans to help the country. Both have some great ideas. Yesterday, Representative Mike Quigley released his 60-step blueprint he hopes the new Congressional deficit reduction Supercommittee will follow. His
Illinois Dems weigh in on job creation and deficit reduction Read More »
This past Friday President Obama challenged business and industry to hire and train 100,000 unemployed veterans or their spouses before 2014. The President pointed out that there are one million unemployed veterans today with a 13.3% jobless rate for post 9/11 veterans. To move the challenge along, the President has proposed the following tax credits:
If you’re breathing a sigh of relief with the new jobs numbers showing employment rose 117,000 and unemployment dipping to 9.1%, forget it. All of the good in these numbers came before the debt ceiling deal was inked. As I’ve explained before, all the initial deficit reduction, about $1 trillion, will come out of reduced
Jobless benefits equate to your job Read More »
Below is a statement on the debt ceiling deal from Citizens for Tax Justice released 8-2-11.—————————————————————————————————- President Obama Breaks His Promise on Taxes Again The so-called “Budget Control Act” that President Obama signed into law today to increase the federal debt ceiling and reduce the federal budget deficit marks the second time the Obama administration has
OK. I admit that I got my hopes up upon hearing that U.S. Senate Democrats and Republicans were talking nice about the Gang of Six deficit reduction outline that included revenue increases as well as budget cuts. But as they say—the devil is in the details. And the details in the Gang of Six proposal
“Gang of Six” tax plan–sacrifice for all but multinationals Read More »
The below is an editorial by the Sun News that ran in the Myrtle Beach area newspaper on July 05, 2011 ——————————————————————————————————- Creating Jobs from the Ground Up Frank Knapp has a message for those who want to create jobs and bolster our state’s economy: Look to the little guys. Knapp, the president and CEO
Creating Jobs from the Ground Up Read More »
The below is an editorial from the New York Times.———————————————————————————– The NY TimesJune 26, 2011 Whose Stimulus? Big businesses are telling Washington that they are willing to do their bit for the economy — if the price is right. Multinational companies say they could repatriate hundreds of billions in foreign profits and pump them into domestic
