OC Politics Blog | Category Archives: Employment

Mortgage market slump: Is it interest rates or jobs and consumer income?

Posted on September 12, 2013 by Editor Posted in Chriss Street, Employment, Real Estate Leave a comment

Mortgage Market Slump

Mortgage Market Slump: Is it Interest Rates or Jobs and Consumer Income?

By Chriss W. Street, www.chrissstreetandcompany.com

Over the past week, most of the major banks in the mortgage sector have been issuing guidance to investors regarding the outlook for mortgage lending volumes going forward in 2014. I have been concerned about the transition for the industry from the boom refinancing of existing mortgages at lower rates to a sustained reliance on home purchase mortgages, both for banks and non-bank lenders. The good news is that the mortgage loan refinance boom lasted longer than anyone had expected, the bad news is that boom is over as interest rates rise. Continue reading→

Restaurant Association rips AB 10 which will hike entry level wages by 25%

Posted on September 11, 2013 by Editor Posted in California, Employment, Labor, Restaurants 2 Comments

Fast food worker

PRESS RELEASE, FOR IMMEDIATE RELEASE

Contact: Angie Pappas at 916.431.2731 or apappas@calrest.org

California Restaurant Association denounces AB 10 deal; 25% wage hike for entry-level workers a blow to small businesses

(SACRAMENTO – Sept. 11, 2013) – With state leaders announcing an agreement for an unprecedented 25% increase in the minimum wage, the California Restaurant Association (CRA) calls on the Governor, Senators and Assemblymembers to consider the immense damage the move would cause to thousands of small businesses across the state. Continue reading→

Wall Street parties while U.S. jobs wither

Posted on August 11, 2013 by Editor Posted in Barack Obama, Chriss Street, Employment, Federal Government, Wall Street Leave a comment

No Jobs, Party on Wall Street!

Written By: Greg Autry Senior Economist, American Jobs Alliance; Economist,Coalition for a Prosperous American; Co-author ‘Death by China’

This week’s job numbers came in weak , economic growth is “tepid,” U.S. factory orders disappointed, and the stock market had another record close. There was a time, when stock prices and corporate performance were tightly correlated to the economic reality that most Americans experienced on a daily basis. Now, big corporate profits and stock returns appear to be primarily tied to regular doses of federal largess. Anytime the market takes a 2% dip or the administration gets word that bad economic news is about to be released, the Fed swings in like Robin Hood in reverse, to rescue America’s upper class from a possible bad lunch. Continue reading→

Is Obama embracing fracking to salvage his sagging poll numbers?

Posted on July 8, 2013 by Editor Posted in Barack Obama, California, Chriss Street, Employment, Energy, Environmental Leave a comment

Fracking

Obama is Fracking Awesome

WRITTEN BY CHRISS W. STREET

President Obama at his June 25^thGeorgetown University climate change speech threw the coal, solar and wind energy interests under the bus and politically triangulated to embrace natural gas fracking. Faced with collapsing poll numbers due to multiple scandals, President Barack Obama is abandoning his environmentalist constituency and embracing his conservative opponents’ pro-fracking agenda. Obama’s move as a liberal Democrat is similar to President Richard Nixon political somersault as a conservative Republican, when he triangulated away from his pro-business constituency to embrace his opponents’ environmentalist agenda. Continue reading→

Senate GOP leader comments on the passage of Brown’s Enterprise Zone Plan

Posted on June 25, 2013 by Editor Posted in Bob Huff, California, Employment, Enterprise Zones, Taxes Leave a comment

FOR IMMEDIATE RELEASE: June 25, 2013
CONTACT: Bill Bird, (916) 651-4029

Senate Republican Leader Issues Statement Following Passage of Governor’s Enterprise Zone Plan

SACRAMENTO: Senate Republican Leader Bob Huff (R-Diamond Bar) issued the following statement following the passage of Governor Brown’s plan to largely gut California’s successful Enterprise Zone Program.

“Over the long run, Enterprise Zones have benefitted job creation in California, and I’m disappointed this bill effectively eliminates Enterprise Zones rather than reforming them. That said, I am pleased that through negotiations with the Governor as well as my Republican and Democratic colleagues, we were able to improve the bill that’s now passed out of the Senate. Those improvements include extending the length of time businesses will be able to use their existing Enterprise Zone credits, and extending the sales and use tax exemptions and hiring credits for a longer period than the bill originally included. There’s still a lot of work to be done to get more Californians back to work.” Continue reading→

Are California’s anti-fracking ideologues looking a gift horse in the mouth?

Posted on June 4, 2013 by Editor Posted in California, Employment, Energy, Environmental Leave a comment

$No fracking in CA$

California’s Anti-Fracking Ideologues Look A Gift Horse In The Mouth

By: Thomas Del Beccaro, Forbes

The world knows of California’s unemployment, spending, and budget problems. With over $1 trillion in public debt, the Golden State’s fiscal situation is surely challenging. Amazingly, a giant gift was laid at California’s doorstep in the form of abundant oil fields accessible by fracking. Rather than promote the budget-soothing jobs and the tax revenue that comes with it, California Democrats have lined up to stop it.

California is the land of misplaced priorities, highest-in-the-nation taxes and even higher regulations. Recently, the California Public Policy Center, relying primarily on official reports prepared by the State Controller and State Treasurer, determined that “the outstanding debt owed by California’s state and local governments, using responsible actuarial assumptions, is almost certainly in excess of $1.0 trillion.” Continue reading→