The “Bain Report” Articles that Affect You and Your Family for Monday, August, 1, 2011

The “Bain Report” is a weekly publication for those citizens of Michigan who are concerned with the representation they are receiving from their elected officials. The purpose of this report is to educate and inform the citizens with pertinent articles and legislation that affect the family’s of Michigan. If you or anyone you know wishes to receive the “Bain Report” reply to with add me to the weekly “Bain Report” in the subject line with your name and e-mail address in the body. Your email will be added to the list of those Patriots, Activist, and Concerned Citizens here in Michigan who receive the “Bain Report” published every Monday. For those currently receiving the “Bain Report” and wish to be removed from these mailings please reply to above e-mail address with remove me from your list in the subject line.

Guest Opinion By J. Pat McElligott

My advancing senior years have endowed me with an ounce of wisdom that realize:
Regardless of if it is a young child being allowed to not have boundaries and grow to be a brat and illiterate irresponsible adult, a welfare recipient that feels entitled to extract any ” free ” benefit at others expense, a family court system that is more of a wedge then a bridge to children’s desire to have Both Parents in their life, or the ability of our American corporations to provide jobs to China and other nations while we see our citizens go without the privilege of working for their family; that we are in a fast lane of destruction.

The common denominator & reality in the afore mentioned problems is:
Basically it is easier to do the wrong thing void of any form of discipline or rule of order “ESPECIALLY” when those in authority and or leadership make it more advantageous for us as individuals, community, or corporate citizens to be “ENTITLED”, “ENHANCED”. and “EVEN REWARDED” for being undisciplined for short term personal convenience and gain at long term destruction for all that we should hold dear and our future.

There is not the right way to do the wrong thing and again in my opinion government leadership at all levels and political persuasion need to assist people to succeed on their own effort, education, and merit instead of encouraging them to fail or benefit from the sacrifice of others.

Like Our Recent Weather, Mass Job Layoff’s Really Heating Up: Worst Than Expected!
Three companies cut a combined 23,000 jobs this week, a grim sign for U.S. workers. Oh, but we are in a recovery, yea right! Putting pressure on an already lousy job market, the mass layoff is making a comeback. In the past week, Cisco, Lockheed Martin and Borders announced a combined 23,000 in job cuts. With an economic recovery like this, who needs a recession? Several major corporations have been announcing layoffs in recent weeks, despite their fattening coffers. BlackBerry maker Research in Motion revealed this week that it will cut 2,000 jobs. Last week it was Cisco eliminating 6,500 posts, including 2,100 employees that had opted for early retirement. Campbell Soup and handset maker Nokia have also gone public in recent months with their pink slips showing and more likely on the way!

Deteriorating Transportation Infrastructure Could Cost America $3.1 Trillion
Engineers have found that overall, the cost of failing to invest more in the nation’s roads and bridges would total $3.1 trillion in lost GDP growth by 2020. For workers, the toll of investing only at current levels would be equally daunting: 877,000 jobs would also be lost. Already, the report found, deficient and deteriorating surface transportation cost us $130 billion in 2010. Michigan has some of the worst roads in the country but legislators in Lansing continue to subsidize film producers, electric battery makers, green energy, and a host of other short-sighted spending with “Taxpayer Dollars” under the guise of job creation.

Green Investments Yield Little ‘Green’
Even liberal California is ending electric subsidies! Ian Wright, the co-founder of Tesla Motors, maker of the first modern electric car believes that electric vehicles will remain only a “niche” market, “We can’t even afford to fix potholes in the road, so where are we going to get trillions for battery charge stations”? “The economics don’t work without massive taxpayer subsidies.” Nevertheless, for more than four decades politicians, subsidy-seeking crony-capitalists and media elites have been promising revolutionary benefits just around the corner from “new,” “green” and “alternative” energy sources subsidized by government spending. Basic economic theory and common sense tells us that people (and companies) spend their own money more carefully than they spend others; and it’s easy to gamble on a product when using taxpayer dollars. If electric cars are the wave of the future, let automakers and electricity suppliers spend their own money and reap the dividends if and when these investments pay off.

Taxpayers Likely To Lose Up To $1.3 Billion In Chrysler Bailout
During the financial crisis in 2008, the U.S. Treasury loaned Chrysler $12.5 billion. But the United States Taxpayers will lose $1.3 billion that it had lent to Chrysler, the Treasury said in a statement on Thursday. Will Michigan voters and taxpayers forget two so-called Republicans that voted for the bailouts such as Pete Hoekstra who has decided that his family isn’t as important than running for office again after over 18 years of feeding at the public trough, Pete Hoekstra was for handing GM and Chrysler over to a czar and bailing them out. Or another life long career politician that has also been feeding at the public trough for far to many years in Thaddeus McCotter who voted in favor of the Auto Industry Financing and Restructuring Act aka (Bailouts) in 2008! Michigan voters can’t be that blind as to vote these two back into office? Or can they?

The Oprah Effect and “Pure Michigan” Advertising Campaign, a Parallel
Australian tourism advertising campaign brought Oprah Winfrey’s star power to boost tourism cost Australia’s taxpayers that was estimated at $5 million and failed to boost Australia’s tourism efforts as planned. Unlike Michigan, Australia has a robust economy and is a more popular tourist destination! But the proponents and legislators who passed the legislation of the “Pure Michigan” advertising campaign think we taxpayers of Michigan should fund this campaign in our struggling state for the benefit of private industry who by the way did their own study and found it was not in their best interest to fund it themselves because the return on investment just wasn’t there!

Hoekstra to seek Republican nod to challenge Stabenow for U.S. Senate
Anybody who would call Senator Randy Richardville of Monroe a principled conservative such as Pete Hoekstra did in the 2010 election cycle has to raise some red flags! Not only that just three months ago his family was more important than to run, can you say flip flopper? We just don’t need a lifelong career political trough feeder representing Michigan’s citizens. Gary Glenn with the Midland-based Campaign for Michigan Families has been talking about getting into the race. He said today that Hoekstra would have “considerable advantages, but his vote in favor of spending $850 billion to bail out Wall Street remains a significant concern. See Goldman Sachs Targets 1,000 Layoffs this after his vote gave taxpayer monies for these bailout’s! The advantages would be that the “power brokers” of the Republican Party want to keep the same old status quo and not what’s in the best interest of Michigan’s citizens!

Energy Recovery Inc to Leave Michigan More Lost Jobs
The company will move its operations in Michigan, where its pumps and turbocharges are currently assembled, and relocate those activities to its existing headquarters and production center in San Leandro, California. While we regret the impact of the plan on our Michigan employees, consolidation is the right decision for our company.

Report: $210,000 for Poor Furnished Detroit Office
Records show that more than $210,000 intended for poor people that was used to furnish a City of Detroit office paid for leather chairs, a $3,000 conference table and at least three trash cans that cost $315 each. This is not just regulated to Detroit! The waste and abuse is at all levels of government from Local to Lansing right on through to Washington D.C.

Next Up: Government Imposed Food Rationing?
We have all noticed that gas, utilities, food, and other basic consumer goods and services have risen in recent times. At the grocery store we have all noticed higher prices and smaller portions in the products we purchase. According to Stansberry & Associates Research this is all part of an unregulated government sponsored agency that has little to no oversight! Click the link below and make the decision yourself.

Gun maker Ruger is coming out with a new and intimidating pistol in honor of Senators and Congressmen.

It will be named “The Politician”. “It doesn’t work and you can’t fire it”!

“Prudence, indeed, will dictate that governments long established, should not be changed for light and transient causes… But, when a long train of abuses and usurpations, pursuing invariably the same object, evinces a design to reduce them under absolute despotism, it is the people’s right, it is their duty, to throw off such government, and to provide new guards for their future security.”
Thomas Jefferson

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