Subject: You need to focus on jobs to be sucessful
From: "Jim Grimes" <jimgrimes@wowway.com>
Date: Mon, 10 Oct 2011 19:51:04 -0400
To: <OWSMedia@gmail.com>

Blank

There is only one way to create American jobs. And its contained in this memorandum, and it isnt quantum physics.

The economy cant recover until we restore our manufacturing base. And that wont happen as long as Wall Street pulls the strings. If youre unemployed, underemployed, a recent college graduate or a student, pay attention, your future is at stake.

Right now, your protest encompasses too many grievances, it must be laser focused on just jobs, the rest will follow in due course.

The economy can’t recover until we restore our manufacturing base. Congress doesn't get it, but you do, and with your assistance, they soon will!

The following few paragraphs demonstrate emphatically just how disingenuous Washington really is: President Obama appointed GE Chairman Jeff Immelt to head his commission on job creation (job czar), get this: General Electric is planning to move its 115-year-old X-ray division from Waukesha, Wis., to Beijing.

In addition to moving the headquarters, the company will invest $2 billion in China to relocate a handful of managers, but hire about 200 engineers and create six research centers. This is the same GE that made $5.1 billion in the United States last year, but paid no taxes

The same company that last year, invested a total of $2 billion in China, $500 million of which was allocated to what it calls customer innovation centers and now employs more people overseas than it does in the United States.

Apple, the darling of Wall Street employees thousands of Chinese through Foxconn, a Taiwanese company that produces components for Apple products, has come under fire for harsh working conditions at its China facilities. Recently it was reported that Foxconn even forced employees to sign a pledge promising that they wouldn't commit suicide. But just how bad is it?

A watchdog group traveled to two of Foxconn's more remote factories to interview workers, and found that most were working long hours for little pay, battling exposure to dust and harmful chemicals, and undergoing "military style" training sessions: the Wall Street model for Globalization. When we purchase these products we finance the abuse of human rights, and your government has the audacity to lecture china on Human Rights.
 

There is only one solution a real stimulus package.

 THE GRIMES ECONOMIC RECOVERY PLAN

Under the Grimes plan, the stimulus will go to unemployed American citizens, (not illegal immigrants) allowing them stay in their homes, avoiding foreclosure and repossession.

Almost every dollar of the stimulus package is in someway taxable, i.e., state sales tax and gas tax. Income desperately needed by all states, counties and municipalities to avoid massive layoffs.

The Americans currently in distress will now have disposable income to purchase enough products and services to keep the cash register economy and markets afloat until the Grimes Plan is fully implemented. 

The database is already in place: provided by the pre-existing stimulus package The Grimes Plan will provide 18 monthly payments ranging from $1000 to $1500. It may need to be extended even further, but with incremental reductions.

It eliminates unemployment compensation and food stamps and applies to those who have exhausted unemployment benefits. Federal, state, county and local government employees including all taxpayer funded institutions, public universities, public schools, police, fire, et cetera. 

Goverment employees (if they haven’t already) will be required to take a (temporary) 10% reduction in wages and contribute a minimum of 10% to health care premiums with a freeze on wages until further notice. The reduction includes congress and the executive office, the only exception: active duty military.

The net effect will dramatically reduce government cash outlay. Some may complain, for those who do, I suggest they try the private sector. That may seem harsh, but it will save thousands of public sector jobs.

Suspend all so-called free trade agreements immediately. Western Europe and most developed economies (with few exceptions) like the USA have exported their manufacturering base for exactly the same reason. Cheap labor. 

In truth, formally suspending trade agreements is irrelevant; trade will cease as global manufacturering grinds to a halt.   

This plan will allow for an orderly transition over a period of three years and will fund the entire stimulus plan: (a graduated tax, beginning at 1% for the first 6 months, 2% between, 6 & 9 months, 3 % between 9 & 12 months, 5% between 12 & 18 months, 10 % between 18 & 24 months and 15 % from 24 months & over) on all manufactured imports and outsourced services, i.e.; tech support.

In addition the fund will provide billions to the federal treasury, allowing for a massive infrastructure construction project.

The surcharge will force offshore American corporations like General Electric and Apple to relocate all manufacturing and assembly back to this country on all products they sell in the USA and pay American wages or pay the surcharge. This has no effect on products they manufacture and sell in foreign countries.

Foreign companies are more than welcome to sell in the USA, as long as they manufacture their products in the USA and pay livable wages.

James J. Grimes

grimesgroup@wowway.com 

 

 

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