Comments on: The $613,000 question http://www.welchforpa.com/2009/11/the-613000-question/ Bring accountability to Government spending Mon, 22 Feb 2010 16:30:42 +0000 http://wordpress.org/?v=2.8.4 hourly 1 By: Don McNeal http://www.welchforpa.com/2009/11/the-613000-question/comment-page-1/#comment-51 Don McNeal Wed, 06 Jan 2010 04:09:34 +0000 http://www.welchforpa.com/?p=325#comment-51 Mr. Welsh.... to continue my grip! Another concern is this OPIC thing that seduces long standing producers / manufacturers / industry to close doors here; placing millions of then working people to unemployed status. The new products that return from these new producers (somewhere between 2nd & 3rd. worlds) are inferior to what we used to make. Walmart is the prime culprit in this dilemma. Very un-American if you ask me! Wake up people! Mr. Welsh….
to continue my grip!
Another concern is this OPIC thing that seduces long standing producers / manufacturers / industry to close doors here; placing millions of then working people to unemployed status. The new products that return from these new producers (somewhere between 2nd & 3rd. worlds) are inferior to what we used to make. Walmart is the prime culprit in this dilemma. Very un-American if you ask me! Wake up people!

]]> By: Don McNeal http://www.welchforpa.com/2009/11/the-613000-question/comment-page-1/#comment-50 Don McNeal Wed, 06 Jan 2010 04:07:28 +0000 http://www.welchforpa.com/?p=325#comment-50 Mr. Steve Welch ... As a 60 year old common laborer, low / middle class I still have to work. (I don't mind...) I and many others more so now. We have been living from pay check to pay check; when work has been available. But! This nonsense about the Fed printing more money from nothing is part of the reason why so much is now exponentially more expensive than not a long ago yesteryear. The five & dime store is today’s dollar store. Talk about artificial inflation….! But our weekly paychecks do not keep up. And there’s no argument that China owns our debt. This is most concerning to “us”. The bailouts didn’t really work because of the bailouts. But in spite of it! So many are wearing blinders! Mr. Steve Welch …
As a 60 year old common laborer, low / middle class I still have to work. (I don't mind…) I and many others more so now. We have been living from pay check to pay check; when work has been available. But! This nonsense about the Fed printing more money from nothing is part of the reason why so much is now exponentially more expensive than not a long ago yesteryear. The five & dime store is today’s dollar store. Talk about artificial inflation….! But our weekly paychecks do not keep up. And there’s no argument that China owns our debt. This is most concerning to “us”. The bailouts didn’t really work because of the bailouts. But in spite of it! So many are wearing blinders!

]]> By: Eric Kramer http://www.welchforpa.com/2009/11/the-613000-question/comment-page-1/#comment-27 Eric Kramer Fri, 04 Dec 2009 14:13:02 +0000 http://www.welchforpa.com/?p=325#comment-27 Steve, I am in 100% agreement with you about the government needing to stimulate job creation. However, you also need to develop a strategy for the other part of the equation, employees. We need more focus on and a better system of career management. People do not manage their careers and they are not well positioned to take advantage of the emerging trends in the world of work. People need to get back to work but they need to be prepared to remain attractive for the labor market by anticipating changes in tasks and work environments and reacting to them. This involves identifying and engaging in strategic work decisions and learning opportunities, recognizing work life balance and understanding the relationship between work, the economy and society. It is the old feed a fish teach to fish maxim. People need to start career management just as they need to do financial management or health management. Steve,
I am in 100% agreement with you about the government needing to stimulate job creation. However, you also need to develop a strategy for the other part of the equation, employees. We need more focus on and a better system of career management. People do not manage their careers and they are not well positioned to take advantage of the emerging trends in the world of work.

People need to get back to work but they need to be prepared to remain attractive for the labor market by anticipating changes in tasks and work environments and reacting to them. This involves identifying and engaging in strategic work decisions and learning opportunities, recognizing work life balance and understanding the relationship between work, the economy and society.

It is the old feed a fish teach to fish maxim. People need to start career management just as they need to do financial management or health management.

]]> By: Jack Welch http://www.welchforpa.com/2009/11/the-613000-question/comment-page-1/#comment-23 Jack Welch Wed, 02 Dec 2009 22:24:23 +0000 http://www.welchforpa.com/?p=325#comment-23 Steve, I like your thoughts on the jobs issue and also believe that the stimulus will do far more harm than good. Of greater concern to me is government involvement in our free market system. The US government purchasing controlling interest in GM, Chrysler and numerous big banks is a very scary development and is certain to waste vast sums of tax payer money. Failed industries must be allowed to fail. Our system has always been based on the concept that smart risk taking should be rewarded and bad risk taking punished. When we interfere with this process we are undermining the concepts that made us the wealthiest nation on earth. The root cause of these failures is failed corporate governance. Boards of Directors can and are bought by CEOs who act as the chairman of their personally selected Board of Directors. They pay these board members exorbitant fees to support them and in many cases get their boards to pay ridiculous salaries and bonuses for extremely poor performance. In essence the shareholder is paying board members who represent the interests of the CEO not the shareholder. The one role government should be playing in our free market system is to insure that free markets are actually functioning. The trust busters at the beginning of the 20th century stop the monopolistic practices of that era. We need corporate governance reform to make sure that good risks are rewarded and bad risk taking is punished. I would like to hear more on this issue in the future. Steve, I like your thoughts on the jobs issue and also believe that the stimulus will do far more harm than good. Of greater concern to me is government involvement in our free market system. The US government purchasing controlling interest in GM, Chrysler and numerous big banks is a very scary development and is certain to waste vast sums of tax payer money. Failed industries must be allowed to fail. Our system has always been based on the concept that smart risk taking should be rewarded and bad risk taking punished. When we interfere with this process we are undermining the concepts that made us the wealthiest nation on earth.

The root cause of these failures is failed corporate governance. Boards of Directors can and are bought by CEOs who act as the chairman of their personally selected Board of Directors. They pay these board members exorbitant fees to support them and in many cases get their boards to pay ridiculous salaries and bonuses for extremely poor performance. In essence the shareholder is paying board members who represent the interests of the CEO not the shareholder. The one role government should be playing in our free market system is to insure that free markets are actually functioning. The trust busters at the beginning of the 20th century stop the monopolistic practices of that era. We need corporate governance reform to make sure that good risks are rewarded and bad risk taking is punished. I would like to hear more on this issue in the future.

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