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Tag: economic stimulus

Business is Business

By Rougman, Section News
Posted on Thu Jan 28, 2010 at 01:22:15 PM EST
Tags: Rep. Bart Stupak, economic stimulus (all tags)

cross posted at an obdurate Rougblog

"It's not personal, it's business."

That is not an unfamiliar phrase to anyone who has spent much time around the television or the conference room. It was how, for instance, Tony Soprano could show genuine remorse for the death of someone that he just had whacked.

It was how Ford Motor Company, getting the jump on its domestic competitors, could axe thousands of workers from the payroll in anticipation of even rougher waters ahead.

It is why manufacturers are wont to shut down factories that employ familiar faces so that they can outsource their production to more exotic locales such as Indiana and Alabama.

There is always a time for emotion, but it is best left expressed until after the pink slips have been passed out and the "for sale" sign has been posted on the front door. This is not because emotions are bad or unnecessary, but because viable businesses have to survive profitably. If they lose their ability to make a profit they lose their ability to survive--and emotions can get in the way of that ever existing truth.

Business is business.

One needs only skim the "Economic Recovery Report" mailed to many voters in Bart Stupak's district to discover why an emotions driven economy has one foot in a financial grave. The report contains quite a bit of feel-good information that Mr. Stupak wants his constituents to celebrate with him.

(2 comments, 1127 words in story) Full Story

Stimulus funds at work in Detroit

By Crippy, Section News
Posted on Wed Oct 07, 2009 at 06:36:15 PM EST
Tags: Economic Stimulus, Detroit Homeless, WJR, Ken Rogulski (all tags)

Thousands of Detroiters line up Tuesday, outside Detroit City Halls, to apply for for a share of federal, economic, "stimulus". $15 million dollars was taken from taxpayers and given to the City of Detroit to battle homelessness. There were so many people in line that they ran out of applications.

Here are the guidlelines for eligibility from ClickOnDetroit dot com:

Application Guidelines
To qualify, a person must have been a resident of Detroit for more than six months, must be homeless or facing eviction and must be able to maintain housing after receiving assistance.
Also, a resident must make 50 percent less than the median area income, which would be less than $24,850 for single Detroit residents and less than $35,500 for a family of four.
No mortgage assistance will be available through this program.
Once applications are reviewed, only applicants eligible for funding assistance will receive notification from a service provider.

(7 comments, 317 words in story) Full Story