Sunday, February 18, 2018

Mike Barber's 2017 Greensboro City Council campaign finance payoff for going after Randall Kaplan, Kathy Manning and George House, with some Yvonne Johnson, Tony Wilkins, Goldie Wells, Nancy Vaughan, Sharon Hightower, Justin Outling, Nancy Hoffmann, Jim Kee and Marty Kotis

From Triad Good Government PAC's year end filing, which the public was unaware of before the election;

http://cf.ncsbe.gov/CFOrgLkup/ViewDocumentImage?DID=213683
Paid for by those who are going to gain from the other parking deck;

http://cf.ncsbe.gov/CFOrgLkup/ViewDocumentImage?DID=213683
By the way Mike, you need to refile your inaccurate year end report, as Roy and friends gave you $6,000 total during the cycle;

http://candidatereports.myguilford.com/files/2377_BARBER%20MIKE.pdf
Remember how much taxpayer money Barber voted to give to Marty Kotis?


All conveniently reported after the election, and not reported by our local paper and Roy's Rhino

The other payoffs from Roy after the election and after they voted him $30 million;

http://cf.ncsbe.gov/CFOrgLkup/ViewDocumentImage?DID=213683
STPAC VIP Parking Control Fraud Math


Downtown Greensboro Parking Deck Math = City Council lied to our community and may have broken a few laws




On April 18, 2017, Justin Outling seconded and voted to give Brooks Pierce Partner George House Greensboro taxpayer monies while Justin worked at Brooks Pierce

http://greensboroperformingarts.blogspot.com/2017/11/on-april-18-2017-justin-outling.html



Rhino Times John Hammer shills for Justin Outling and the rest of Roy Carroll's minions on City Council


Nancy and Don Vaughan Political Graft?; Don's payments from ITG while Nancy served on the Solid Waste Committee


Ethical Responsibilities of the Governing Body of the City of Greensboro



Marty Kotis' Tony Wilkins contribution before Tony voted to give Marty a $3 million building for $900,000

http://greensboroperformingarts.blogspot.com/2016/02/marty-kotis-tony-wilkins-contribution.html

John Hammer's Rhino Times Propaganda for Crooked Mike Barber; "Greensboro Needs a Barber on City Council"

http://greensboroperformingarts.blogspot.com/2017/10/john-hammers-rhino-times-propaganda-for.html



Tammi Thurm's employer's wife Kay Hagan's $2,700 for Kathy Manning, days before Tammi voted Randall and House $30 million for a parking deck, among other Manning donor's exploits

http://greensboroperformingarts.blogspot.com/2018/02/tammi-thurms-employers-wife-kay-hagans.html

Greensboro City Council member Tammi Thurm's former employer Randall Kaplan's Wife and Congressional Candidate Kathy Manning's Tammi Thurm $1,000 contribution before she voted them a $30 million unneeded parking deck from which they will personally profit

http://greensboroperformingarts.blogspot.com/2018/01/former-greensboro-city-council-member.html

Greensboro's Tanger Center Budget, as of 12/19/2017; Tammi Thurm voted for legislation which gave her boss' brother $586,000

http://greensboroperformingarts.blogspot.com/2018/01/greensboros-tanger-center-budget-as-of.html

Two reasons among many that a GPAC with 3,000 seats probably won't work as well as DPAC with 2,700 seats

http://hartzman.blogspot.com/2013/06/one-reason-among-many-that-gpac-with.html

Downtown Greensboro Parking Deck Math = City Council lied to our community and may have broken a few laws

http://greensboroperformingarts.blogspot.com/2017/12/downtown-greensboro-parking-deck-math.html

Roy's John Hammer is full of Siht on Tammi Thurm's election strategy

http://greensboroperformingarts.blogspot.com/2017/11/roys-john-hammer-is-full-of-siht-on.html

Congrats to Roy Carroll and Randall Kaplan; Your names appear nowhere on $56 million in taxpayer handouts

http://greensboroperformingarts.blogspot.com/2017/11/congrats-to-roy-carroll-and-randall.html

On "new" jobs created by the proposed Wyndham and lack of the project meeting incentive criteria

http://hartzman.blogspot.com/2014/02/on-new-jobs-created-by-proposed-wyndham.html

From the 2010 Greensboro funded study for the Elm Street Center hotel, of which the Rhino can't seem to investigate

http://hartzman.blogspot.com/2013/12/from-2010-greensboro-funded-study-for.html

When in doubt, buy a newspaper and buy as many local politicians as possible, by Roy Carroll and John Hammer

http://greensboroperformingarts.blogspot.com/2016/02/when-in-doubt-buy-newspaper-and-buy-as.html

Sunday, February 11, 2018

Megasite; "Alabama ...had something North Carolina could never offer: a deep and wide chain of suppliers that make Toyota parts and components from Alabama to Kentucky"

If North Carolina wants to invest $1 billion plus, 
why not design and build cars in the Piedmont Triad?


"...The effort even had a codename: Project New World...

Over several weeks, North Carolina's proposed package of incentives grew from $600 million to more than $1.5 billion in cash, training and savings on taxes — almost the total cost of the factory.

...In the end, the companies believed it could not "bend the supply chain" into North Carolina to make its manufacturing process as smooth as possible.

But by being in Huntsville, 
it'll be barely a dozen miles from where Toyota builds roughly 700,000 engines a year.

"One of the overriding things that we were continually bumping up against 
was the Toyota supply chain,"

...And so Toyota-Mazda left North Carolina's massive package on the table when the companies announced in January they would build their $1.6 billion factory with 4,000 employees at a site near Huntsville, Ala...

Greensboro and Randolph County leaders worked for more than three years to assemble 1,900 acres in the northeast corner of Randolph from scores of individual owners at a price of $48 million. Ultimately, the cost was borne by Randolph County government, the North Carolina Railroad Co. and the Greensboro-Randolph Megasite Foundation, an arm of the Joseph M. Bryan Foundation.

That doesn't count all the utilities and roads that Toyota-Mazda would need extended to the site, which totaled $250 million — $37.5 million of which were water and sewer lines built by the city of Greensboro.

...It was a sweetheart deal for Toyota-Mazda.

But in the end, money couldn’t buy a relationship.

...In Toyota's case, the final decision was likely made because its supply chain is closer to the Huntsville location.

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If North Carolina wants to invest $1 billion plus, why not design and build cars in the Piedmont Triad?


Saturday, February 10, 2018

Tammi Thurm's employer's wife Kay Hagan's $2,700 for Kathy Manning, days before Tammi voted Randall and House $30 million for a parking deck, among other Manning donor's exploits


http://docquery.fec.gov/pdf/138/201801319091209138/201801319091209138.pdf

Charles Hagan, Tammi Thurm's boss' Kathy Mannnig check;


On US Senator Kay Hagan's Brother in Law David Hagan, Making a Nice Slice off Greensboro's Taxpayers while Sitting on CFGG's Board

http://hartzman.blogspot.com/2013/09/on-us-senator-kay-hagans-brother-in-law.html

Yvonne Johnson's take from the Hagan family, whose David Hagen got $586,000 in unnecessary real estate fees for the PAC unnecessary property sales

http://greensboroperformingarts.blogspot.com/2016/02/yvonne-johnsons-take-from-hagan-family.html

Nancy Vaughan's 2017 Mid Year Contribution Report; Jim Melvin, Lee Comer, Paul Mengert, Henry Isaacson,and Kathy Manning

http://greensboroperformingarts.blogspot.com/2017/08/nancy-vaughans-2017-mid-year.html
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The mother of the City of Greensboro's Washington taxpayer funded lobbyist;



Two beneficiaries of City of Greensboro taxpayer handouts to campaign contributors;


An Oakley Incentive Payoff to Fund Zack Matheny's District 6 Congressional Race?

CHARLES OAKLEY
GREENSBORO, North Carolina 27408
PRESIDENT, CHARLES ARIS 
CONTRIBUTION 12/20/2013 $500.00

http://docquery.fec.gov/cgi-bin/dcdev/forms/C00555045/906113/sa/ALL
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"The Greensboro City Council has unanimously approved a $200,000 [forgivable] loan and grant package to Oakley Capital LLC, an entity managed by growing executive recruiting firm Charles Aris Inc. for development of the firm's new headquarters at 301 Battleground Ave.

...Oakley Capital purchased the vacant one-story building on April 30 for $547,500, according to public records.

...Allen Oakley, vice president of operational effectiveness and practice leader at Charles Aris, said the firm's senior management team considered a number of different options and locations but eventually decided on being part of downtown’s growth initiative..."

http://hartzman.blogspot.com/2014/02/an-oakley-incentive-payoff-to-fund-zack.html
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How Greensboro works; Zack Matheny edition; Pay to play and cronyism personified

http://hartzman.blogspot.com/2013/10/how-greensboro-works-zack-matheny.html
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Monday, April 4, 2016; Greensboro City Councilmember Nancy Hoffmann's Samet payoff for sliding $5,482,424.00 to Samet Corporation

http://greensboroperformingarts.blogspot.com/2016/04/greensboro-city-councilmember-nancy.html

Monday, April 4, 2016; How to purchase Mayor Nancy Vaughan for pennies and get a $5,482,424.00 City of Greensboro taxpayer funded project, by Samet Corporation

http://greensboroperformingarts.blogspot.com/2016/04/how-to-purchase-mayor-nancy-vaughan-for.html

Monday, April 4, 2016; $15,600,000 more for Matt Brown and Greensboro's Coliseum with some cheese for the Samets, who purchased themselves some votes for the project in 2015's City Council election

http://greensboroperformingarts.blogspot.com/2016/04/15600000-more-for-matt-brown-and.html

Thursday, February 25, 2016; Sharon Hightower's take from selling taxpayer owned property to Marty Kotis for pennies on the dollar


http://greensboroperformingarts.blogspot.com/2016/02/sharon-hightowers-take-from-selling.html

Samet $600,000 shovel ready loan advocated by Matheny

Samet gave to Zack and Nancy Hoffmann

http://hartzman.blogspot.com/2013/10/wtf-zack-matheny.html

Legal Theft, by Whoever Votes for Greensboro's City Council Agenda Item 34

34. Resolution authorizing a loan of $100,000 to Samet Corporation and authorizing a loan for $100,000 to McConnell Center Partners, LLC to be used for grading of qualified industrial sites.

http://hartzman.blogspot.com/2013/11/legal-theft-by-whoever-votes-for.html

http://docquery.fec.gov/pdf/138/201801319091209138/201801319091209138.pdf

Don Vaughan's supposed next door commercial neighbor business partner in Puerto Rico Paul Mengert;



http://www.co.guilford.nc.us/elections_cms/docs/2013/midyr/VAUGHAN_NANCY_midyr13.pdf

Hollywood Gold Night Club, San José, Costa Rica

https://www.facebook.com/pages/Hollywood-Gold-Night-Club/217814541582079

http://www.1-costaricalink.com/business_h/hollywood_nightclub.htm


http://nc.mingluji.com/business_directory/Donald_R_Vaughan_%2526_Associates

http://www.amgworld.com/executive.asp

http://www.flyfrompti.com/about/authority-2/

http://www.cai-nc.org/Mgmt-Companies~61538~10363.htm

http://www.linkedin.com/pub/dir/Paul/Mengert

Monday, February 5, 2018

Latest twitter feed stock market stuff; Time to pay attention, so what happened to you last time doesn't happen as bad this time, because it's going to be really hard to get it all to go back up again like that


















































Saturday, January 27, 2018

Greensboro City Council member Tammi Thurm's former employer Randall Kaplan's Wife and Congressional Candidate Kathy Manning's Tammi Thurm $1,000 contribution before she voted them a $30 million unneeded parking deck from which they will personally profit

http://cf.ncsbe.gov/CFOrgLkup/ReportDetail/?RID=149978&TP=REC

Mr. Randall R. Kaplan has been the Chief Executive Officer of Listingbook LLC since August 2007 and serves as its Chairman of the Board. ...Mr. Kaplan serves as the Chief Executive Officer of Capsule Group, LLC (car wash chain and real estate development).  Mr. Kaplan serves as the managing partner of the Elm Street Center, LLC. From the mid-1980s to 2000, He served as the president and an owner of Kay Chemical Company. ...Mr. Kaplan served as the founding Chairman of the Board of SterlingSouth Bank, which successfully merged with Bank of North Carolina. Mr. Kaplan serves as a Director at Capsule Group, LLC. Mr. Kaplan served as a Director of Bnc BanCorp. and Bank of North Carolina from June 15, 2006 to August 2010. Mr. Kaplan served as Director of SterlingSouth Bank & Trust Co. Mr. Kaplan is an entrepreneur...

https://www.bloomberg.com/research/stocks/private/person.asp?personId=27655027&privcapId=111257103
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Tammi Thurm worked for Randall Kaplan and Kathy Manning before voting them $30 million on December 19, 2017, which included them owning retail space in the parking decks;

"Chief Financial Officer and Human Resources Manager, Listingbook, LLC 2006–2013

Chief Financial Officer and Vice President of Operations, Capsule Group, LLC 2002–2013"

Both owned by Randall Kaplan, who's wife is now running for congress

https://votethurm.com/about-tammi-thurm/
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"...On Dec. 19, the City Council voted to build a six-story, 850-space deck on South Davie between February One and East Market Street. It’s being built in conjunction with a Westin Hotel behind Elm Street Center.

The hotel project involves several developers, led by local attorney George House and by Randall Kaplan, a local businessman and philanthropist. Kaplan’s wife, Kathy Manning, announced early last month her candidacy for the 13th Congressional District in Greensboro.

Under the plan, the city will reimburse Kaplan and other developers up to $30 million for the decks

...The Westin will be built on top of one side of the deck. The other will include retail space that the developers will own."

http://www.greensboro.com/news/government/lincoln-financial-won-t-confirm-jobs-touted-to-justify-downtown/article_cf26aa89-e0ff-562b-b451-296ebc4ca3a0.html
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The Thurm Campaign paid off Mayor Nancy Vaughan for support, 
which has never been reported, paying some of her salary via donations
to her 'former' employer;

http://candidatereports.myguilford.com/files/2235_tammi%20100917.PDF
Meanwhile, Tammi Thurm's current employer "Chip, former US Senator Kay Hagan's husband", who's brother David Hagen made $586,000 on the real estate transactions for the TPAC;



Greensboro's Tanger Center Budget, as of 12/19/2017; Tammi Thurm voted for legislation which gave her boss' brother $586,000

http://greensboroperformingarts.blogspot.com/2018/01/greensboros-tanger-center-budget-as-of.html
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"...the proposal for the deck on February One Place is a mess, giving control over design and construction to a private corporation led by Randall Kaplan and George House. One council member, a law partner of House’s at Brooks Pierce, cast several votes related to this project before recusing himself due to his conflict of interest.

At the very least, the City Council appears to be guilty of cronyism — tailoring policy to benefit friends and business associates rather than to the whole city."

Gary Kenton

http://www.greensboro.com/opinion/letters_to_editor/parking-deck-deal-needs-investigation/article_b3df705e-714c-5cfc-8dc0-3466b7320eb8.html
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Tammi Thurm works for CHARLES T. "Chip" HAGAN III, whose wife is former U.S. Senator Kay Hagan, and whose brother ripped off Greensboro taxpayers during the real estate deals to buy up the Performing Arts Center land

http://www.haganbarrett.com/our-firm/charles-t-hagan/

Two reasons among many that a GPAC with 3,000 seats probably won't work as well as DPAC with 2,700 seats

http://hartzman.blogspot.com/2013/06/one-reason-among-many-that-gpac-with.html


Operating expenses and debt service for the two decks is expected to total $4.6 million per year 
— an amount covered by revenue from fees, existing parking funds and the city’s general fund

Jordan Green
Triad City Beat, November 22, 2017

Why would Greensboro Performing Arts Center Parasite Kathy Manning give Nancy Hoffmann $1,000?

http://greensboroperformingarts.blogspot.com/2017/08/why-would-greensboro-performing-arts.html

Randall Kaplan and Kathy Manning are married, to each other

Tammi Thurm was "Chief Financial Officer and Human Resources Manager, Listingbook, LLC 2006–2013,
and Chief Financial Officer and Vice President of Operations, Capsule Group, LLC 2002–2013",
Both owned by Randall Kaplan, which is why Tammi should have recused herself from voting
for Randall Kaplan personal financial interests, but didn't
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Downtown Greensboro Parking Deck Math = City Council lied to our community and may have broken a few laws

http://greensboroperformingarts.blogspot.com/2017/12/downtown-greensboro-parking-deck-math.html

Looks like The Steven Tanger Center for the Performing Arts is going to cost a lot more than the reported $89.7 million

http://greensboroperformingarts.blogspot.com/2017/12/the-steven-tanger-center-for-performing.html

Please provide documentation describing "Capitalized Interest on Limited Obligation Bonds" for the STPAC project

http://greensboroperformingarts.blogspot.com/2017/12/please-provide-documentation-describing.html

On Margaret Moffett's "Downtown parking decks may be a thing of the past", Justin Outling, Tammi Thurm and our coming tax increase to pay for handouts to millionaires

http://greensboroperformingarts.blogspot.com/2017/12/on-margaret-moffetts-downtown-parking.html

April 18, 2017, City Council Meeting Minutes - Final; 31. ID 17-0201 Resolution to Enter into a Downtown Development Agreement with Elm Street Hotel LLC to Design and Build a Public Parking Deck

http://greensboroperformingarts.blogspot.com/2017/11/april-18-2017-city-council-meeting.html

Post Greensboro City Council Election Thoughts; Tammi Thurm, Justin Outling, Randall Kaplan and possible conflicts involving the Performing Arts Center

http://greensboroperformingarts.blogspot.com/2017/11/post-greensboro-city-council-election.html

On Greensboro's News and Record's "Officials: Cone Denim's legal access increases with deck" by Margaret Moffett


http://greensboroperformingarts.blogspot.com/2017/12/on-greensboros-news-and-records.html

Kathy Manning, Randall Kaplan's wife, lobbying for a GPAC and their new hotel, with some Nancy Hoffmann, Dawn Chaney and Nancy Vaughan


http://hartzman.blogspot.com/2013/08/kathy-manning-randall-kaplans-wife.html

David Hagan's return on his $1,000 Robbie Perkins' Contribution; 58,600%, or $586,000

http://hartzman.blogspot.com/2013/10/david-hagans-return-on-his-1000-robbie.html

News & Record Letter to the Editor; David Hagan’s commissions don’t serve taxpayers

http://hartzman.blogspot.com/2013/09/news-record-letter-to-editor-david.html

On US Senator Kay Hagan's Brother in Law David Hagan, Making a Nice Slice off Greensboro's Taxpayers while Sitting on CFGG's Board

http://hartzman.blogspot.com/2013/09/on-us-senator-kay-hagans-brother-in-law.html
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Performing Arts Center: "[Notable]...Task Force Members"

GPAC Development / Marketing Task Force; Kathy Manning, co-chair

GPAC Economic Impact / Feasibility Task Force; Randall Kaplan

GPAC Development / Marketing Task Force; George House, one of Randall's partners

http://hartzman.blogspot.com/2012/02/performing-arts-center-notabletask.html

Randall Kaplan's payoff for Nancy Hoffmann's votes for his hotel money and the Performing Arts Center

http://greensboroperformingarts.blogspot.com/2016/03/randall-kaplans-payoff-for-nancy.html

Roy's John Hammer is full of Siht on Tammi Thurm's election strategy

http://greensboroperformingarts.blogspot.com/2017/11/roys-john-hammer-is-full-of-siht-on.html

Congrats to Roy Carroll and Randall Kaplan; Your names appear nowhere on $56 million in taxpayer handouts

http://greensboroperformingarts.blogspot.com/2017/11/congrats-to-roy-carroll-and-randall.html

On "new" jobs created by the proposed Wyndham and lack of the project meeting incentive criteria

http://hartzman.blogspot.com/2014/02/on-new-jobs-created-by-proposed-wyndham.html

From the 2010 Greensboro funded study for the Elm Street Center hotel, of which the Rhino can't seem to investigate

http://hartzman.blogspot.com/2013/12/from-2010-greensboro-funded-study-for.html

How can a 180 room hotel create more than 3 times the economic impact of a 3,000 seat performing arts center?

http://hartzman.blogspot.com/2013/12/how-can-180-room-hotel-create-more-than.html

On the IMPLAN analysis tool used to gauge $29.3 million economic impact of the Wyndham hotel

http://hartzman.blogspot.com/2013/12/on-implan-analysis-tool-used-to-gauge.html

From a few emails I recieved late last night on the Wyndham deal etc..., and Sam Howe's LTE

http://hartzman.blogspot.com/2013/12/from-few-emails-i-recieved-late-last.html

Downtown Wyndham Hotel Economic Impact Math

http://hartzman.blogspot.com/2013/12/downtown-wyndham-hotel-economic-impact.html

Proposed legal theft of taxpayer money; "developers want $8 million in taxpayer money from City of Greensboro"

http://hartzman.blogspot.com/2013/11/proposed-legal-theft-of-taxpayer-money.html

City Council Agenda Item 11; Investment Grant for a hotel and parking garage for the Elm Street Center Hotel, LLC.

http://hartzman.blogspot.com/2013/11/city-council-agenda-item-11-investment.html

From 2011; Downtown Hotel: Some words George Hartzman intends to deliver to Guilford County’s Commissioners on September 16, 2010

http://hartzman.blogspot.com/2013/11/from-2011-downtown-hotel-some-words.html

George Hartzman on the hotel deal and Crony Capitalism

http://hartzman.blogspot.com/2012/02/george-hartzman-on-hotel-deal-and-crony.html

2 Guilford County Commissioners Tell Randall Kaplan from Downtown Greensboro Hotel What They Think About Economic Incentive's in Future

http://hartzman.blogspot.com/2010/09/2-guilford-county-commissioners-tell.html

Downtown Wyndham Hotel Economic Impact Math

http://hartzman.blogspot.com/2013/12/downtown-wyndham-hotel-economic-impact.html

Letter to the Editor; "Hotel decision should wait for new council"

http://hartzman.blogspot.com/2013/11/todays-letter-to-editor-hotel-decision.html



Sunday, January 21, 2018

Nancy Vaghan's 2017 Roy Carroll payoff for his parking deck

http://candidatereports.myguilford.com/files/2279_VAUGHAN-A.PDF
Triad Good Government PAC has yet to report who gave during 2017;

http://cf.ncsbe.gov/CFOrgLkup/DocumentGeneralResult/?SID=STA-C3572N-C-001&OGID=3870

Previously;

http://cf.ncsbe.gov/cf_rpt_search_org/cf_report_image.aspx?DID=193305

$500 10/06/2015 contribution from Roy Carroll to the Triad Good Government PAC

$500 10/06/2015 contribution from the the Triad Good Government PAC to Nancy Vaughan without the local news industry reporting the story, right before Roy's Rhino endorsed Nancy for mayor


http://cf.ncsbe.gov/cf_rpt_search_org/cf_report_image.aspx?DID=193305

Triad Good Government PAC's pass through contribution to Nancy Vaughan from Roy Carroll, which not one local media outlet reported before the election;

http://candidatereports.myguilford.com/files/1693_VAUGHAN_NANCY.PDF

When in doubt, buy a newspaper and buy as many local politicians as possible, by Roy Carroll and John Hammer

http://greensboroperformingarts.blogspot.com/2016/02/when-in-doubt-buy-newspaper-and-buy-as.html

Thursday, January 11, 2018

If North Carolina wants to invest $1 billion plus, why not design and build cars in the Piedmont Triad?

North Carolina could create more than 10,000 jobs by designing and manufacturing a high quality, simply designed, inexpensive, fuel efficient, modifiable category killer automobile with easily interchangeable parts between different model years, like Jeep CJ’s, vintage VW Beetles, Toyota Camry's or Kia Souls, turning the global auto manufacturing industry business model upside-down and changing the future of our communities.

The current auto industry's business model, infrastructure and baked in legacy costs could not adapt or compete with an end user oriented, relatively lower cost model, located within easy reach of the rest of the world.

If North Carolina wants an new auto plant even as car sales decline, why not also have a new corporate headquarters as well offering thousands more jobs than a plant owned by an out of state entity?  As economic times get tough and manufacturers with headquarters elsewhere are more likely to idle or shut down plants farther from home, the best way to preserve locally created jobs is to have more company headquarters located in North Carolina, especially if the state wants to invest hundreds of millions in automotive manufacturing.  Why not make sure the corporate headquarters of the company is also located here as an insurance policy on the likelihood of the best paying jobs staying here over the long term?

If taxpayer monies are involved, why not limit executive pay to not exceed 10-20 times the average hourly wage, creating consumer goodwill by maximizing employee income as much as possible to create higher rates of state wide economic growth and employment.  With a business model that would overtly fight income and wealth inequality, brand loyalty, which should be easily generated among the consuming public, could sell more cars than any start up in history.

Employee pay based on performance, productivity, quality and profitability could make North Carolina the center of the next era of the auto industry, by simply paying employees as much as possible within the metrics of a profitable company, and less if profit falls, while eliminating top heavy executive compensation.

A high quality, easily maintained vehicle should cost at least half as much over the auto's life compared to what's currently offered by manufacturers who rely on planned obsolescence and monopolistic business practices.  Essentially the entire global auto industry's profit margins are dependent on a non-consumer friendly business model that can be attacked by an upcoming competitor from a non-union oriented state which prioritizes the best interests of its workforce.

If the global auto industry's revenues are dependent on relatively protective business practices that can be negatively compared to an upcoming lower cost, higher quality American competitor from North Carolina with pre-owned equipment purchased at discounts as auto manufacturing contracts in the near future, we can create high paying employment within an industry hamstrung by unsustainable legacy costs and bloated balance sheets. 

As we enter what very much looks like a global economic downturn after ten years of global central bank intervention, auto manufacturing equipment should be relatively inexpensively acquired in the near term future, as some auto makers succumb to the actual realities of our current unstable, artificially sustained global economy dependent on central bank intervention.

If North Carolinian taxpayers invest, they should own shares along with the public.  If any taxpayer monies are utilized to create jobs via a automobile company, then individual taxpayers should literally own shares of the company.  Citizens who've never owned equity in an entrepreneurial enterprise would have a better understanding of how to create wealth in our community, thereby teaching as many in our area how to "fish".  Millions in financial backing from municipalities and the state can be leveraged into billions in equity offerings to exponentially generate debt free capital funding opportunities and interested, willing and qualified consumers, easily repaying taxpayer funded capital investment as soon as practicable.

A category killer like Apple's smartphone, Google's search engine or Amazon's business model could dramatically increase North Carolina's standard of living if workers, taxpayers, those involved or with a stake can own shares of a company who's value could exponentially increase in the near to long term.

If Tesla Motors launched its initial public offering and raised $226 million, we can raise exponential multiples as much for an automotive company that could sell 100 times more in quantity, which would employ thousands with less automation involved, specifically to increase incomes, brand recognition, loyalty, employment and economic growth in our state by changing the future of the global auto manufacturing industry.  North Carolina can create somewhere between $5 and $15 billion of direct investment into our state with this strategy, while not increasing outstanding debt.

The current auto industry's infrastructure and baked in union related legacy pension costs etc..., could not adapt and compete with an end user and employee focused start up producing lower cost, higher quality products.

An easily repairable/modifiable automobile produced by employees who have a stake in a high quality product should create an active aftermarket for enthusiasts, sparking small businesses to create alternative parts for trending modifications.

Lowering carrying costs means lower consumer payments for insurance and maintenance.  With easily acquired and inexpensively obtainable replacement parts over the auto's longer lifespan, vehicle owners should fair well financially, increasing state wide discretionary income.  If parts were made to be easily replaced and widely available without prohibitively expensive specialized proprietary tools and diagnostic equipment, they should cost much less, which would dramatically lower warranty and long term carrying costs to consumers, building brand loyalty.

If a bumper gets scratched in an accident, a modern automobile's replacement is relatively very much more expensive than 30 years ago.  Modern replacement costs are most likely only available at a premium as consumers have become dependent on the industry's exclusivity of non-aftermarket parts and labor for profitability.

By designing and producing an easily up-gradable and/or modifiable automobile, which would create an active aftermarket for enthusiasts as imagination and enjoyment kick in on something that is relatively the same, but can be made different, catering to individual styles of diverse owners, we can create thousands of high paying domestic jobs.

Include a Smartphone/tablet instead of installed, overpriced in-dash components;

Cars with easily replaceable smartphones and tablets for on board computers instead of expensive to replace installed systems could revolutionize the auto manufacturing industry by clearly saving consumers money over time.

Owners can save big money with high level diagnostics at their fingertips,  Imagine the long term cost savings of engine lights not just alerting drivers of relatively unknown or unknowable issues, but an inexpensive app informing much more about what an actual problem may likely be earlier, with easily replaceable, lower cost ubiquitous parts.

Higher levels of reliability and economy should lead to lower insurance premiums and increased resell values relative to competitors.  A global economic downturn should provide a once in a generation opportunity to create a large market share quickly by producing relatively lower cost, reliable, longer lasting cars.

Monday, January 1, 2018

On the "financialization of the economy" and the betrayal by the elected

We had the perfect chance [to fix the financial industry control over the economy] in 2009, when Barack Obama came in, to disrupt that cycle and get back to being an economy that actually produces things rather than an economy that shuffles financial instruments back and forth. And we didn’t do it. We thought we did, we thought we were voting for that, but our leadership chose not to go in that direction.

The World's population was betrayed to keep those in power, in power, 
by a US President voted into office to go after the bad guys, who did the opposite

PAUL JAY: And I think an expression of the power of finance, they selected a guy who could feint left, and when he comes to power, appoint Wall Street as his financial team.

And then we did it again, only with a different set of the same kind of people

THOMAS FRANK: Yeah. Well, that was the big disappointment for me, is watching Barack Obama deal with the financial crisis, and basically right off the bat, it was apparent that he –I mean, not apparent to me, of course, I was very hopeful, as the phrase went at the time — that he was going to take the steps that needed to be taken. And by that, I mean that he was going to do what Franklin Roosevelt did to the banks back in the early 1930s.

PAUL JAY: And had control of Congress and could’ve done it.

THOMAS FRANK: And then he had the bailout mechanism. He had seats on their boards. He had everything at his disposal, including prosecuting these people for fraud. They were dealing in something called “liar’s loans.” They were packaging them up and selling them to retirees in Germany. This is so bad in so many ways. And as we all know, they were designing financial instruments to blow up in people’s faces, the people who bought it. They were doing all this deliberately. We know this is true. It would’ve been hard to prosecute them because they have good lawyers, but you still have to do it. You’re the president.

PAUL JAY: And not a single prosecution at a senior level.

THOMAS FRANK: Not a single one. That’s right. He didn’t even fire them. This is the other thing. Barack Obama had every authority over these guys. If you go back and look at what Roosevelt did in the ’30s, his bailout agency constantly was firing bankers from their positions because the government basically owned the banks because it had bailed them out. By virtue of bailing them out, they had power over them, and he could remove, and he did remove bankers from leadership positions all the time from management. Obama never even did that. Now, he did fire the CEO of General Motors, which they also bailed out. But no, he didn’t lift a finger with the banks.

PAUL JAY: But in terms of the banks and who gets bailed out and the inequality of it is why they lose control of Congress.

THOMAS FRANK: When Barack Obama was running for president, he said, and he actually did say this, this is not just hopeful thinking by a sappy liberal from Kansas, but he said that we were not just going to bail out Wall Street, we were going to do something for homeowners as well. They never did it. They just never did it. And they never even did anything for small banks. Small banks all over America went out of business in those days. There was this huge die-off of small banks.

And they never got crammed down … You remember this? This is one of the early fights. There were a whole series of things, of battles in the early Obama years where he was required to choose sides between Wall Street and Main Street, and he persistently chose to side with Wall Street on basically every issue that came up.

THOMAS FRANK: Obamacare. There was all of this debate at the time, whether it was right for president to stop focusing on the economy and start moving to healthcare. I didn’t really have a problem with that. Healthcare is the great sort of … You’re from Canada. You know this. This is the great unfinished sort of aspect of the American welfare state. We got Medicare but no more, and so many Democrats have tried to get some form of national health insurance, and they’ve always failed. Well, here comes Obama, and he’s going to try.

I was very happy with that. What made me unhappy was that the solution that they settled upon, Obamacare, this massively complicated thing, and the reason it’s massively complicated is because it’s all about making sure that private, for-profit health insurance companies stay viable and continue to make profits. They get written into it.

PAUL JAY: And don’t touch pharma.

THOMAS FRANK: You’re going to have a national system where these guys continue to make these exorbitant profits all the time. How is that going to work?

THOMAS FRANK: Trump is out there … By the way, to get back to Trump, every conversation leads to Trump these days, Trump actually was banging Hillary over the head with Goldman Sachs, was actually using that against her, and now look who’s the Secretary of the Treasury. It’s unbelievable that they’re able to get away with it, but they are. How do they do that? Now, that’s a really good question. How does a party like the Republicans come off pretending to be on the side of the ordinary people? Well, they do. They do it again and again and again. This is one of their themes, is populism. It’s fake populism, but they’re very good at it.

PAUL JAY: Now, you’ve been to these places recently.

THOMAS FRANK: I want to see economic protests in action like you had in the 1930s. We know it’s going to happen. I want to see it with my own eyes.

It’s like, look at this silly, made-up protest, the Tea Party movement. I’ll be damned, it caught on. It was a genius move in this sense, they made up a fake protest movement for hard times, and I mean they made it up. They said, “Well, hard times. You got to have a protest movement. Let’s get out there and make one. Let’s do it.” And they did, and they managed to change the subject from getting tough with Wall Street to deregulating Wall Street.

You go around to these towns that we’ve been describing, these Trump voting areas, and you talk to people, you talk to working-class people, and they are furious with what is happening to their lives. And maybe it’s happening to them personally or maybe it’s not. Maybe they got a pension, maybe they’re retired, maybe they’ve got a secure job, but they can see it coming for their kids, that there are no good jobs anymore. Everybody knows it, and everybody is so angry about it.

So look at the Democrats. Here’s the party that should traditionally be in touch with that anger and speaking … They used to be the party of organized labor. They should know about this. Instead, they’re out there campaigning and saying, remember what Hillary was saying, America is already great. This is poison, this is toxic to be putting out that message in a year like 2016.

PAUL JAY: I was saying to you earlier, the night before the election, everyone thought Hillary was going to win, so did I. But the night, they did a final rally in Philadelphia, and Barack Obama was on stage next to Hillary and spoke, and it was all about the great achievements of the administration.

THOMAS FRANK: Yeah. This is the dilemma. Because they loved that man. They love Barack Obama, and they can’t acknowledge that the economy got worse under his watch.

PAUL JAY: Not for everybody.

THOMAS FRANK: Yeah. There’s a famous quote from Hillary. Actually, it’s not famous because it’s in … Where is it? I think it’s in Donna Brazile’s book. It’s in one of the campaign books. Hillary says, “But how can I say those things without people thinking I’m criticizing Barack Obama?” She just couldn’t do it.

PAUL JAY: Even Bernie held back.

THOMAS FRANK: She couldn’t bring herself to do it. So I was at the Democratic Convention, and someone did give a very fiery speech, and it was Elizabeth Warren, and she did talk about, everything I’ve said, she talked about. The problem is she’s railing against these things, and here’s the President of the United States sitting up there in the box, the box seat up there. She never mentioned him of course. She can’t. She’s in the same party. So they have this terrible problem that they love Obama, but they’re very upset. They can see the pain out there in the country, but they can’t criticize it.

PAUL JAY: I think the last thing on earth Wall Street wants is a Sanders or a Sanders-esque and maybe Elizabeth Warren.

THOMAS FRANK: Yes.

https://www.nakedcapitalism.com/2018/01/thomas-frank-obama-chose-wall-street-main-street.html