NUMMI gets the ax

[cwerdna]

Toyota says it may shut down Fremont's NUMMI auto plant:
(Posted: 07/10/2009 01:28:14 PM PDT
Updated: 07/10/2009 10:35:53 PM PDT)

http://www.mercurynews.com/topstorie...nclick_check=1

[cwerdna]

California considers tax breaks for Toyota plant - Silicon Valley / San Jose Business Journal:

[DaveinOlyWA]

Originally Posted by cwerdna

California considers tax breaks for Toyota plant - Silicon Valley / San Jose Business Journal:

love those california politics!!! cant pay their employees but still willing to give big business money!!

not to hard to figure out who pays who

[cwerdna]

Originally Posted by DaveinOlyWA

love those california politics!!! cant pay their employees but still willing to give big business money!!

not to hard to figure out who pays who

Well, if any large business like an auto plant closes down, that means all the workers are laid off (4700 in this case). Besides it being a blow to the families and supporting local businesses and suppliers, it's also a blow to the tax revenues of the state and locality (sales tax, corporate tax, property tax, state income tax (we have that in CA, unlike WA), etc.). It also puts a burden on unemployment funds.

Perhaps the tax breaks would be less expensive than the above hit?

[cwerdna]

Report: Toyota leaning to close NUMMI - Silicon Valley / San Jose Business Journal:

[DaveinOlyWA]

Originally Posted by cwerdna

Well, if any large business like an auto plant closes down, that means all the workers are laid off (4700 in this case). Besides it being a blow to the families and supporting local businesses and suppliers, it's also a blow to the tax revenues of the state and locality (sales tax, corporate tax, property tax, state income tax (we have that in CA, unlike WA), etc.). It also puts a burden on unemployment funds.

Perhaps the tax breaks would be less expensive than the above hit?

economic management in bad times always has a loser. losing the plant is a major impact that guarantees a loss of long term income down the road and i agree that extraordinary steps should be made to preserve that "long term" income...

but i sure as hell aint gonna starve my children to do it, so to be honest with ya, i simply dont understand the logic in what you are saying here... its too bad the plant is closing but it happens every day in nearly every state. so oh well.

i think if you were a CA state employee who was getting IOU's instead of paychecks, you might be seeing much more my way

[cwerdna]

More news on this.
Report: Toyota wants out of Fremont in August - Silicon Valley / San Jose Business Journal:

Originally Posted by DaveinOlyWA

but i sure as hell aint gonna starve my children to do it, so to be honest with ya, i simply dont understand the logic in what you are saying here... its too bad the plant is closing but it happens every day in nearly every state. so oh well.

i think if you were a CA state employee who was getting IOU's instead of paychecks, you might be seeing much more my way

The logic I'm using is that the loss of 4700 jobs + all the supporting jobs created (ranging from burger flippers to barbers to parts suppliers) could be MORE costly to the state and local government due to the drain on unemployment funds and loss of tax revenue than giving incentives so that those jobs aren't lost.

[DaveinOlyWA]

Originally Posted by cwerdna

More news on this.
Report: Toyota wants out of Fremont in August - Silicon Valley / San Jose Business Journal:

The logic I'm using is that the loss of 4700 jobs + all the supporting jobs created (ranging from burger flippers to barbers to parts suppliers) could be MORE costly to the state and local government due to the drain on unemployment funds and loss of tax revenue than giving incentives so that those jobs aren't lost.

not arguing that point. 4700 highly paid jobs equates to three times that many positions to support them and each of those positions usually affects 1.7 other people so now we talking close to 40,000 livelihoods.

that is enough to take down an entire town. i used to live less than 5 miles from the place. granted its in an area of very heavy population and it will hurt, but they will recover.

the reason i dont live there any more is because major economic swings happen there every 3-5 years anyway. job turnover is the worst there than any other place i have ever lived in and the cost of living was simply too high there to have to look for a new job every few years. now granted, i stayed at my job the whole time i lived there, but the first time i was laid off, i left and glad i did.

[justlurkin]

Latest news: It's looking more and more likely Nummi is done. Toyota to halt operations at California's last car plant - Los Angeles Times

[DaveinOlyWA]

that is a bummer.... every day, the US wields less and less power over the rest of the world. we rested on our laurels, did nothing to preserve our way of life, our infrastructure, our economic stability, lessening our dependence on foreign oil, the list goes on and on.

pretty soon, china will be demanding a much greater share of our grain harvest and we will be forced to comply. we wont have a choice, china simply has too much control of our money for us to say no. then we will start to hurt from within. food prices will skyrocket causing a complete collapse of our already underpowered social programs, our power to counter economically weakened by the steady undercutting of foreign oil debt.

its all pretty sad that after more than a century on top. we are destined to fail.