By JOE NOCERAThe New York TimesSeptember 20, 2011 What if everything that is happening in Washington right now is just meaningless noise? What if the Obama jobs plan, the coming deliberations of the supercommittee, the debate over taxing millionaires — what if none of it is likely to make a whit of positive difference for […]
Bank of America’s recent announcement of its intention to eliminate 30,000 jobs over the next few years has caused some concerns in the bank’s home-town of Charlotte. How many of the company’s 15,000 Charlotte employees will be affected we don’t know. But if that community is worried today, just think of the panic there would
BofA should make an even better business decision Read More »
In my blog on Monday, I made the following observation about the job tax credits within the President’s proposed American Jobs Act. Tax credits are taken when tax returns are prepared, not at the time of hiring. If a business doesn’t have the capital to do the initial hiring, the tax credit months later won’t
Cash flow and job tax credits Read More »
The Census Bureau reported yesterday that the United States now has 46.2 million people living below the poverty line—up 2.6 million people since last year. Median household incomes fell below 1997 levels. No wonder the biggest threat to small business is the lack of customers, not taxes or regulations. Last week I told you about
This evening President Obama submits his American Jobs Act to Congress. According to a story in The Hill most economists from Moody’s Analytics to the Economic Policy Institute think that the plan, if passed, would add about 2 percent to the GDP growth next year. The big concern Wall Street is voicing is that the
Job tax credits can work Read More »
Finally, a jobs plan that actually helps the largest jobs-producing sector to create jobs—small business. Advocates for small business were thrilled to hear President Obama speak these words last night. Everyone here knows that small businesses are where most new jobs begin….So for everyone who speaks so passionately about making life easier for “job creators,”
Pass this jobs bill Read More »
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 »
