Political paybacks, Clayton TWP

GOOD MORNING FLINT
12/12/08
By Terry Bankert
http://attorneybankert.com/

President Bush making Federal rule changes just before he leaves office, Clayton township supervisor making contract changes just before he left office. See the similarity.

Unseasoned and reacting hastily , newly elected Clayton Township Supervisor Bruce Beatty caused Tempers to flared at times during a packed Clayton Township board meeting last night.

Beatty got caught as he played political pay back to all the professionals given a contract under the former Supervisor Rod Shumaker.

Beatty seem to lack leadership temperament but it is a township position and he has plenty of time to grow into the job.


When pressed he made up a silly reason for his actions. He admitted he "... I took it upon myself to suspend them with pay until the board can decide what to do with their contract," The board quickly voted unanimously to reinstate Township Police Chief Melki and the other two township officials but only for 60 days at will.

Clayton Township is one of the most desirable places to live in Genesee County mainly because of its low crime rate and the contribution of the police chief Melki.

Residents said:
"Our crime rate is almost down to zero because our policemen are very visible. And I don't understand why we are here,"


One reason may have been that Melki was investigating issues in the township that may have included the supervisor.

It appears that either for Beatty his new position of power has gone to his head, or he is trying to right a wrong. We will have to wait an see.

Posted Here by
Terry Bankert
http://attorneybankert.com/

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The Good the Bad and the Ugly.

GOOD MORNING FLINT
12/11/08
Terry Bankert
http://attorneybankert.com/

THE RELATIVE GOOD NEWS Our country will lose 2 million jobs in 2009 and undergo economic contraction through the first half of the year.

THE BAD NEWS The quarterly forecast issued by UCLA's Anderson School of Management was peppered with words like "ugly," "nasty" and "abnormalities." In the report, senior economist David Shulman said the recession will include four quarters of declining real gross domestic product, and unemployment will rise to 8.5% by late 2009 from the 6.7% reported last month.

THE BADDER NEWS We have thrown billions to the free market private sector to avoid a recession. Now this guy says “The report began with a blunt statement from Shulman: "The news from the economy is bad.

The recession that we had previously hoped to avoid is now with us in full gale force."”

THE WORSE NEWS The future declines in our gross national product are predicted to be” 4.1% annual rate in the current quarter, in 2009 by a rate of 3.4% in the first quarter and 0.8% in the second, the report said. GDP declined at a 0.5% rate in the third quarter of this year.

THE HORRIBLE NEWS Americas . deficit will exceed $1 trillion in fiscal 2009, and is such a mess that it is difficult to predict by those people whose day job is to predict the economy. Just how did this happen?

The oil cartel did not do this , we did it to our selves.

The housing market collapse was a trigger for increased defaulted mortgages, which threatened the liquidity and solvency of the economy as it became "dependent upon the easy flow of mortgage credit." Where were our leaders when the dominos began to fall? The collapsed housing market caused by the downturn, this caused severe asset price deflation. Some say our leaders should have seen this when the monster first reared its head as a liquidity crisis in the short-term money market in August 2007, causing a financial panic.

We elect and pay people to watch these things for us.

Where were the watch dogs?

With all the bailouts the stock markets are crashing worse than during the great depression. Some say this began in the 1990. Remember the .com busts. Now our middle class is crumbling. Ask you friends about their 401k or mutual fund or the equity in their homes, will their kids be able to go to college. We should be angry instead of sheep in shock. Here is a measure of our pain: homes and cars, the industries most tied to middle class wealth and credit of consumer assets, are suffering. Our middle class housing starts will drop below a 700,000 unit annual rate, the lowest in the postwar history. It also noted car sales are at a 25-year low.

HERE A NEW TERM, FIRST RECESSION, THEN DEPRESSION NOW DEFLATION? To survive business are lowering prices. Good today when I go to the Mall. But a a sustained retreat in prices for goods and services will be further drag on the economy. These falling prices will cut demand and discourage employers from hiring. The end result we will have scarce cheap stuff nobody can afford to buy?

THE UGLY NEWS Reduced hiring will lead to increased firing. It is predicted that in late 2009 the U.S. unemployment rate will hit 8.5 percent, compared with 6.7 percent in November, as employers shed an additional two million jobs over the next year.

Being from Flint I have to support the GM bailout, we have no choice.

But we can insist on a sharing of the pain.

In the end what will the frantic lemming like actions of congress have accomplished?

Will the rich still be rich and we are just a bunch of drowned rats.

Posted here by

Terry Bankert http://attorneybankert.com/

See http://money.cnn.com/2008/12/11/news/economy/anderson_forecast/?postversion=2008121104 - http://www.reuters.com/article/topNews/idUSTRE4BA1OG20081211 -

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Good Job Buchanan

GOOD MORNING FLINT!
12/10/08
By Terry Bankert
http://goodmorningflint.blogspot.com/

GIVE CONSUMER EACH $5,000 TO BUY AN AMERICAN CAR!

It’s a good thing for the City of Flint to have a representative in Washington DC to lobby for financial assistance to General Motors. It is appropriate that the city admistrator was the one selected. How can we not be proud that our city administrator was interviewed on CNN.

Good job Mr. Buchannan. Flint City Administrator Darryl Buchanan was part of the Mayors Automotive Coalition, which met with legislators to push for the $15-billion aid package and held a news conference last Tuesday to push for aid for the automakers.

I heard that Buchanan on C-SPAN's "Washington Journal" Tuesday where he talked about Mayor Don Williamson's 2006 "Save All of America" plan, which would give vouchers to Americans to help buy new cars. An article in the Flint Journal stated "People were calling in from around the country and asking questions," he said.

Buchanan was talking about Williamson recommendation for government to give a $5,000 voucher toward the purchase of a new car for every household where a registered voter lives. Buchanan said if the loan is not extended to the automakers, millions of jobs, billions in wages and property taxes would be lost across the country.


Its good economic theory that if you give money to the consumers to only buy American cars it will help the economy faster and better that filtering it through a federal bureaucracy and General Motors Corporate structure. It would sell cars faster and put people to work quicker. Good ideas are always appreciated.

Mr. Buchanan should consider reporting to the community the impact his trip had and his thought about our economic situation.


Posted here by
Terry Bankert
http://attorneybankert.com/

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