The “Bain Report” Articles that Affect You and Your Family for Monday, October, 22, 2012

The “Bain Report” is a publication for thosecitizens 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 families of Michigan. If you or anyone you know wishes to receive the “Bain Report” reply to rabman13@aol.com  with add me to the “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 receives the “Bain Report” published periodically. 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.

Opinion by R Al Bain

The citizens of Michigan need to ask themselves this question. Are we truly being represented by our elected officials in Lansing or are they representing their “Political Party” and the “Special Interest” who feed them with contributions to their campaign coffers. In my view I would say the latter applies!

For the life of me I cannot understand the voting electorate who continue to vote and elect the same one’s over and over again expecting a different result that quit frankly just isn’t going to happen! How’s that been working out for the citizens of Michigan and the Country? In my view I would say not so well!

The two major Political Parties have the public voters’ right where they want them whether they are Democrat or Republican matters little. For those of either party affiliation it’s not about “them” it’s about a power struggle for control between the “establishment elitist” and nothing to do with what’s in the best interest of the citizenry, state or country!

All too often have we seen and heard candidates that would ask for our vote as to serve us “we the people” say one thing to get elected then once in office, its back to business as usual. If we the voters are content with the condition of our state and country then the assumption must be that this is the direction we will continue to follow.

In George Washington’s farewell address, he warned against the “sprit of party”; because he foresaw how money being necessary to sponsor candidates, could also corrupt candidates.

The Death of America

“We the People” are very concerned about the future of America! Please view this one minute video. This may be run as a TV commercial. This was filmed at the Mount Kelly Cemetery in Dearborn, Michigan.

http://www.youtube.com/watch?v=Y3SbPtRfV1Q&feature=youtu.be

Michigan‘s A123 Systems Files for Bankruptcy

The Michigan and Government-funded battery maker files for bankruptcy after receiving $249.1 million federal grant money (taxpayer dollars). A123 Systems received a $100 million “cash subsidy” (taxpayer dollars) from the state of Michigan for a 75-acre facility the company had leased in Romulus.

The subsidy was in the form of cash because the plant had been granted “renaissance zone” status by the Michigan Economic Development Corp. This is yet another in the long line of failures of the Michigan Economic Development Corp. an entity that should and must be abolished as to cut the size and scope of Michigan Government and save the taxpayers money!

http://www.bloomberg.com/news/2012-10-16/electric-car-battery-maker-a123-systems-files-bankruptcy.html

STOP the shell game and END the “Temporary Tax” 

This is a familiar story perpetrated on the taxpayers out of Lansing, where a tax is created for one purpose, then diverted to another in a political shell game at the Capitol, when it really should have gone away.

Now Senator Roger Kahn recently introduced SB 1257 which plays another shell game with our tax dollars. Under this bill, most of the revenue would be diverted to pay for Medicaid. Twenty-five years ago, in 1987, a special tax was created in Wayne County, a 30% tax on parking at and around Detroit Metro Airport that raised about $8 million annually. There’s no tax like this at any other airport in Michigan.

It was designed as a bailout for an earlier Wayne County fiscal crisis. It was supposed to go away in 2010 when the bailout debt was paid off, but in typical style, the debt is gone but the tax remains. Currently the tax brings in $21.5 million annually, and has raised over $340 million in the last 25 years.

2012 Senate Bill 1257: Revise Metro Airport parking tax detail

• Introduced by Sen. Roger Kahn (R) on September 11, 2012, to revise details of a law that earmarks a portion of Detroit Metro Airport parking tax to Medicaid spending in Wayne County. http://michiganvotes.org/2012-SB-1257 Referred to the Senate Appropriations Committee on September 11, 2012.

And there’s no good reason the business and vacation travelers who park their cars at Metro Airport should pay a special tax to fund Medicaid.

http://wctaxpayers.blogspot.com/2012/10/stop-shell-game-and-end-temporary-tax.html

Warning: Film & Movie Producer Subsidies High Risk for Michigan Taxpayers

With the failed Unity Studio in Allen Park along with the failed Raleigh Film Studio’s in Pontiac the regrets are starting to pour in! Allen Park is looking at an emergency manager while Raleigh Film Studio’s in Pontiac has “failed to make its bond payment obligation as required by these film and movie producer subsidies.

http://investing.businessweek.com/research/stocks/news/article.asp?docKey=600-201208010941KRTRIB__BUSNEWS_17549_8250-1&params=timestamp%7C%7C08/01/2012%209:41%20AM%20ET%7C%7Cheadline%7C%7CRaleigh%20Michigan%20Studios%20to%20miss%20bond%20payment%20today%20%5BDetroit%20Free%20Press%5D%7C%7CdocSource%7C%7CKnight%20Ridder/Tribune%7C%7Cprovider%7C%7CACQUIREMEDIA%7C%7Crealtedsyms%7C%7C%7CUS%3BDIS&ticker=DIS

Now the taxpayers of Michigan are on the hook as to cover this missed bond payment! The ink on the 2011-2012 state budget was barely dry, but Michigan Senate Majority Leader Randy Richardville, R-Monroe, has declared that he already wants to change something. He wanted to increase this “failed” taxpayer funded subsidy that former Governor Granholm started and he did in 2011.

http://www.crainsdetroit.com/article/20120304/FREE/303049967/cut-when-film-credits-dried-up-so-did-raleighs-payments#

Senate Bill 569: Revise film subsidies Public Act 291 of 2011 • Introduced by Sen. Randy Richardville (R) on July 13, 2011, to revise the state film incentive program, converting it into a straightforward subsidy program rather than an indirect one, with awards of up to 30 percent of the expenses a film producer incurs in Michigan. Reportedly the bill’s sponsor wants to increase the subsidies from $25 million already appropriated in 2012 to $100 million annually.

http://www.michiganvotes.org/Legislation.aspx?ID=139054

Former Vice President Benefiting from “Taxpayer Subsidies”

Al Gore’s commitment to promoting “Green Energy” has brought him more than a pretty penny. The author of An Inconvenient Truth has swelled his net worth to about $100 million, largely due to his investments in green energy.

The $80 to $90 billion worth of government investment (TAXPAYER SUBSIDIES) in green energy has helped to grow many of the companies Gore and his renewable energy-based hedge fund Generation Investment Management have put the majority of their money in.

http://www.washingtonpost.com/politics/decision2012/al-gore-has-thrived-as-green-tech-investor/2012/10/10/1dfaa5b0-0b11-11e2-bd1a-b868e65d57eb_story.html

Hewlett-Packard to Cut 29,000 Jobs

The Company said in May that it will fire workers and make early retirement offers to generate annual savings of as much as $3.5 billion starting in 2014. H-P employees are scattered throughout many locations with the majority in the U.S. The number of affected workers in Michigan was not immediately known.

http://www.reuters.com/article/2012/09/10/us-hp-layoffs-idUSBRE8890VC20120910

Staples to Speed up Store Closures

Last month the company reported that its second-quarter net income fell as sales of computers, software, and basic office supplies softened. Traffic is also down at Staples’ stores and Europe continues to be a weak spot. Best Buy is in trouble now Staples! Who’s next? Isn’t Staples one of Mitt Romney’s success stories at Bain Capital?

http://www.csmonitor.com/Business/Latest-News-Wires/2012/0925/Staples-speeds-up-store-closures-focuses-online

Sometimes it is said that man cannot be trusted with the government of himself. Can he, then, be trusted with the government of others? ~ Thomas Jefferson

Share on Tumblr

Leave a Reply

Your email address will not be published. Required fields are marked *

Post Navigation