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Top Obama Economic Adviser Goolsbee to Quit ...

No. Its not. What you have happening is increased regulation with a small window to comply with major capital investments. The company is deciding they will not make money back form these large investments, so they are converting a few plants and closing the rest due to regulation. For you to then say the company must cut every corner to keep those jobs is ludicrous. The company is saying even if they cut, they wont make money back fast enough because if you had read the information in the article, they already made 2 major capital outlays in the last 20 years. Amortization is 10 years so to expect 3 outlays in 20 years is a big deal in terms of costs. They have the belief that even if they upgrade they have no confidence they wont have to again too quickly for it to be cost effective.

Ive got a better idea, why doesnt the EPA give them the opportunity to take a little longer to comply with the regulation? Instead of just flushing the jobs away. Or stop trying to regulate everything without a strict law guideline and stay within their mandate from congress.
 
Goolsbee has been touted as very intelligent guy who is now tied to failed programs policies and of course to Obama and the soon you bail a sinking ship the dryer you might get to stay.

I think you will find that is way so many of Obama's economic people abandoned him.
 
xpiher said:
Why are they cutting jobs instead of cutting into their profit margins or cutting pay to their executives? Lets assume that those 600 jobs are paid 40k/year and that the CEO makes 100million. The CEO could take 25million dollar pay cut to finance those 600 jobs. Yes, all these numbers were pulled out of my ass to make the point, but the point is valid.
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No, the point is not valid if you made up numbers to make it.
 
Whovian said:
No, the point is not valid if you made up numbers to make it.
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Yes, but if Obama gets to make up all his numbers, why can't the average liberal Joe ? ;)
 
xpiher said:
Why are they cutting jobs instead of cutting into their profit margins or cutting pay to their executives? Lets assume that those 600 jobs are paid 40k/year and that the CEO makes 100million. The CEO could take 25million dollar pay cut to finance those 600 jobs. Yes, all these numbers were pulled out of my ass to make the point, but the point is valid.
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LOL. He makes 3.2 mill a year.


Michael G Morris, CEO of American Electric (AEP), Earns $3.2 mil
 
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