Tag Archives: Costs

News

Intel CEO blames Democrats for destroying the economy

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Article from CNET News by someone who understands job creation. (H/T Neil Simpson’s latest round-up)

Excerpt:

Intel Chief Executive Officer Paul Otellini offered a depressing set of observations about the economy and the Obama administration Monday evening, coupled with a dark commentary on the future of the technology industry if nothing changes.

Otellini’s remarks during dinner at the Technology Policy Institute’s Aspen Forum here amounted to a warning to the administration officials and assorted Capitol Hill aides in the audience: unless government policies are altered, he predicted, “the next big thing will not be invented here. Jobs will not be created here.”

The U.S. legal environment has become so hostile to business, Otellini said, that there is likely to be “an inevitable erosion and shift of wealth, much like we’re seeing today in Europe–this is the bitter truth.”

[…]Otellini singled out the political state of affairs in Democrat-dominated Washington, saying: “I think this group does not understand what it takes to create jobs. And I think they’re flummoxed by their experiment in Keynesian economics not working.”

Here’s Republican Senate candidate Carly Fiorina, from the same article:

The comments from Intel’s chief executive echoed statements made a day earlier by Carly Fiorina, the former HP CEO turned Republican Senate candidate.

America’s skilled-worker visa system is so badly broken and anti-immigration that “we have to start from scratch,” Fiorina said, adding that too many government policies push jobs overseas instead of making U.S. companies competitive against international rivals.

“Our corporate tax rates are the second highest in the world,” and Congress has repeatedly failed to make an R&D tax credit permanent, Fiorina told the Aspen audience. It’s time to start “acknowledging the reality that companies go where they’re welcome,” she said. (The effective U.S. corporate income tax is 35 percent, far over the industrialized-nation average of 18.2 percent.)

Here’s a recent IBD article with more from Otellini, and other CEOs

First Otellini:

“I can tell you definitively that it costs $1 billion more per factory for me to build, equip and operate a semiconductor manufacturing facility in the U.S.,” he said. And 90% of that added cost, he said, is due to taxes and regulations that other countries don’t have.

Then other CEOs:

Earlier in the week, Illinois Tool Works CEO David Speer, whose company employs 60,000 worldwide, laid out his dilemma — and that of hundreds of other CEOs: “I could borrow $2 billion tomorrow for 3 1/2%,” Speer said. “But what am I going to do with it?”

[…]In June, Ivan Seidenberg, CEO of Verizon Communications and head of the Business Roundtable, warned of a growing anti-business slant in both Congress and the White House. Tax hikes, regulations and constant policy shifts, he said, “harm our ability … to grow private-sector jobs in the U.S.”

And don’t forget the costs that Obamacare imposed on companies, causing all medical premiums to go through the roof because of the new health care mandates and taxes on things like medical devices.

Red State explains what the Obammunists should be doing:

As our government continues to make it more difficult to do business in the US, companies must increasingly look to more favorable climates abroad. If Washington really wants to spur job creation here in the US, they should repeal the health care overhaul, reduce spending, cut the corporate tax rate, give up on cap and trade, and reform litigation. Instead we have been treated to an extended experiment in government control – one that is obviously not producing new wealth, new jobs, or any real hope for the emergence of the industries of the future.

It takes a lot of courage for a CEO like Otellini to come out against the Obama administration, and the neo-Keynesian oligarchy in Washington. Taking a billion dollars from Intel to study Chinese prostitutes and to build turtle tunnels is not a good thing to do if you want to have more jobs. But the thing is – Obama thinks it is a good thing to do, because he is totally ignorant of how the economy works. So, don’t vote for him or any of his silver-spoon limousine liberal friends who were born with rich parents. Democrats don’t know how jobs are created.

News

Canadian woman has miscarriage after 3 hour wait in ER

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From the Prince Edward Island Guardian. (H/T The Way The Ball Bounces)

Excerpt:

Losing her first baby was devastating enough but having to do it in a crowded waiting room is what angered Christine Handrahan the most.

The 29-year-old Peakes woman was nine weeks pregnant when on July 12 she started bleeding.

Fearing the worst, Handrahan and her husband, Michael, headed to the Queen Elizabeth Hospital’s new emergency room.

There she waited more than three hours, blood seeping out of her jeans, tears rolling down her face as she feared she was losing her baby — or that she might be bleeding to death.

Still, she waited and waited.

More than three hours passed before Michael had enough.

Only one patient had gone through the big glass doors to see a doctor so he knew the wait was going to be extensive.

Michael helped his wife out of a wheelchair into his truck and they made the 45-minute drive to Prince County Hospital in Summerside. There she was immediately rushed into the hospital’s emergency room where the mother-to-be was told that she had a miscarriage.

[…]Handrahan says nobody at the hospital showed her any compassion.

“They could have given me a room to go in. Not necessarily a room with a bed. Even if it had been their TV room, or their lunchroom, or their closet. That waiting room was jam packed full of people.

“Somebody should have cared enough to say ‘Oh my goodness, you’re going through a miscarriage, do you need some quiet time?’ I was fighting my tears. I wanted a place to go cry.”

[…]Health Minister Carolyn Bertram maintains safety is not being compromised at the Charlottetown hospital.

Click through all 3 pages, until you have supped full with horrors, as the Thane of Glamis would say. And don’t worry, the socialist executive director apologized – although she would not say that the miscarriage was inappropriate. So we’re all good, right? Well, the bureaucrat is good – because she already got paid through your taxes. And no, you can’t have your money back. And good luck suing the government, too. They’ll use more of your tax money to overpay their defense lawyers.

But if you need an abortion or a sex change? No problem – then it’s free courtesy of Canadian taxpayers.

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Polemics

MUST-READ: Is Wes Widner right to oppose short-term mission trips?

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Here’s a challenging post about short-term missions (1-3 weeks) from Wes Widner. Read and see what you think.

Excerpt:

One of the biggest elephants in the evangelical, missiological, soul-winning room is the lingering question of just how much good short-term mission trips are and whether or not they merely amount to sanctified vacations taken at the expense of others.

Now, to be fair, I’m not claiming that either the missionaries or those who fund them are intentionally nefarious. On the contrary; I believe that for the most part, those who go on short term mission trips and those who support them financially have honest evangelistic intentions. I am simply wondering whether we’ve fostered this “super spiritual” mindset around something we call “the mission field” and, as a result, neglect to ask the burdensome and unpopular questions of stewardship and effectiveness.

He explains how people misunderstand the great commission by thinking that it requires people to go to foreign lands, and then he writes this:

Because of this misunderstanding of the great commission and what it truly means to make disciples of those around us, we tend to overlook questions of stewardship and logistics. In fact, since we think the imperative is to go we tend to start to think that any cost is acceptable and questions of logistics are a mere nuisance.

How much does a round-trip plane ticket usually cost to travel overseas? $1,000, $2,000? More? Once you count the cost of food, lodging, transportation, etc. you can often approach figures well over $3,000 just to send a single person overseas. Is this really the best way to reach the lost?

I agree with him completely that it is not a good use of money to send laypeople as missionaries to foreign countries. However, I do think that it is worth it to send scholars with doctorates to foreign universities and other centers of influence to lecture and debate. So basically we agree on the stewardship question, except if the missionary is a scholar headed to a center of cultural influence. What laypeople can do instead of going themselves is to work hard in school, get good jobs, and to financially support Christian scholars in their studies and public events at home or abroad – e.g. – William Lane Craig debating Muslims in Turkish universities or debating atheists in Chinese universities, etc.

I also agree with Wes that the right way for laypeople to disciple non-Christians is to deal with the people who are around you in your workplace, etc. The thing is, it is much more difficult to build a relationship with non-Christians on the same social rung as you are who you have to work with day in and day out. That’s much harder because you have to live as a public Christian where you are, and let it affect your life more personally. This isn’t flying off somewhere to deal with poor strangers who you will never see again. It’s much easier to fly off somewhere and not to have to deal with people over the long-term. Flyig off to “do good” gives a person the feelings of “being good” and “doing something” but without any of the hard work and persecution of having peers equal to you in social standing seeing you every day bearing with suffering and striving for holiness. Instead of trying to squeeze feelings of goodness out of temporary experiences “helping the poor”, we should be dealing with the smartest and most challenging people in our own lives – family, friends and co-workers. It’s not as emotionally fulfilling and spectacular, but it’s where God has placed us. It’s harder, too.

Secretly sponsoring the PhD studies of an aspiring Christian philosopher, lawyer or scientist would be an excellent use of your money, although it is not as flashy or emotional as helping the poor in Africa. You can’t really tell people back home about your spiritual experiences signing a check to bring in William Lane Craig to debate. You can’t really show impressive pictures of yourself working overtime to keep your job so you have money to support influential Christians like Michele Bachmann or Jennifer Roback Morse. But we have to ask ourselves which is more effective – not which caters to our emotional needs to get attention to force spiritual experiences and to feel good about ourselves.

More Wes:

Why do we go? Why do we really go? If our real aim is to make disciples as we are commanded to, then we will gladly step back and examine the questions raised above (and many will come to the conclusion that short-term, long-distance mission trips are simply not a good idea) but I believe the main reason most Christians go is to satisfy a desire for an emotional experience which they equate with “being close to God”. And therein lies the heart of our dilemma.

In the end, what’s the difference?

When we take vacations, we are expecting experiential reward. We don’t expect to leave a lasting impact on the lands we travel to, and we expect to receive a euphoric high from our experiences. Sadly, most testimonies I hear from short-term missionaries are wholly self-centered (though they are couched in a plethora of “Jesus speak”) with the focus being on the person as opposed to the message and often with little thought as to the lasting impact and cost vs. benefit to the congregation that helped send them.

We have a responsibility to God to think about what we are doing and produce results for him. We need to stop having pictures taken of ourselves hugging children in foreign countries, and to instead think about working hard in school, studying hard things that matter, and saving our money, so we can actually move the ball forward. I know lots of Hollywood celebrities who make a big deal out of supporting animal rights and global warming, but they want nothing to do with chastity, fidelity, marriage, parenting, etc. Christians should not be thinking of Christianity as a fashionable cause that allows them to feel good and be recognized by others. We’re not Hollywood celebrities. We’re supposed to be concerned with truth, not feelings.