It appears that the Obama Administration in its quest to encourage employers to hire more employees has come up with a brilliant new plan. It seems the NLRB (National Labor Relations Board) has passed regulations which now allow any two (2) employees to DEMAND the right to collective bargaining. Previously, the requirement was a majority of employees. With the implementation of this new rule (regulation), millions of jobs will flee out of the country. Just image in any company, a fast food operation two employees get together and demand that instead of minimum wage, they get paid $20 an hour. No more fast food, unless the new bargain menus start at $10 burgers. Or what about any other employees in any company? Soon, the pizza deliveries will come in from Mexico!
Arnold sat down and actually attempted to determine where the US Government could cut spending; so here is Arnold’s partial list and approximate ANNUAL savings:
|End ALL Federal government subsidies (oil, agriculture, everything)||$250 billion (or more)|
|Either reduce by 90% or have the respective governments pay for military presence (Japan, Germany, South Korea, Saudi Arabia et al)||250 billion (or more)|
|Privatize the Post Office (the sales price of real estate and assets could be used to reduce the deficit)||10 billion|
|Sell off unnecessary assets (the sales would generate tens of billions of dollars to pay down the deficit)||40 billion|
|End all practices with Medicare and Medicaid, which are gouging (ie. diabetic supplies at 10 times retail, wheelchair rentals which would pay for the wheelchair in three months, etc)||200 billion|
|Significantly reduce various departments, ie. Department of Education, Department of Interior and end duplication of functions||200 billion (or much much more)|
|Special tax advantages to specific corporations and specific individuals||at least 500 billion|
|Total savings||$1.350 billion (or much more)|
? The DJIA is in a trading range.
? Gold looks higher and should still hit new all time highs.
? Oil is also in a trading range.
? The dollar has held the lows and should be much higher if the low holds.
? Interest rates are still in a trading range; and with the end of QE2, rates should start to rise on the 30 year Treasuries.
? Real estate continues to fall.
? The economy is still weak.
Disclaimer: Ramblings Inc. and/or its writers, representatives, employees, shareholders, executives and affiliates may have a financial interest in any security recommended to readers or otherwise mentioned. Nobody associated with this website or Arnold’s Ramblings Inc. is a registered investment advisor. Everyone should review investment materials in detail and with due diligence when possible, and should consult proper counsel prior to investing. All information and advice presented by Arnold’s Ramblings Inc. is believed to be accurate and reliable when posted, but cannot be guaranteed.
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