This is my views of a plan of action that should be included in this $700 billion bail out program the Senate and Congress are considering. I am in hopes that somewhere out there they may put this into action as it is to late to notify them of this idea.
For starters we all know from the past when our government bailed out GMAC and Ford Motor Credit that they became government companies, and that these employees get their pay checks in the names of the respected companies, but are in all since of the job, a government employee with government type benefits. The same type that the US Postal Service has. Also for the record our government bailed out the USPS in the 1930's during the depression and they became a government company.
So with that being said, here is how I think all of this should work. All Chairmen/woman of the board of directors, CEOs, Presidents and Vice Presidents all should be fired and held accountable for their action of their bad decisions. Just like if an employee in the lowest position of a company was to call in sick for the twentieth time without a doctors excuse. This is a bad decision by this employee and are usually fired and lose all benefits. These higher ups should be treated the same way.
All corporations that have foreign offices must have all these offices moved to the USA except for certain type of banks (I'll get to this in a moment) All foreign employees will have to be terminated. No moving former employees from outside the USA, unless they are U.S. Citizens, then they get to keep their job. If they are found to be involved in the bad decision making of the clasps of the company then they too lose their job. It does not matter who is involved in the clasp of a company they lose their job.
This is my plan of action that needs to be added to the bail out agreements that these companies must agree to in order for the U.S. government to assist in bailing them out of their bad decision making. Or they can file reconciliation bankruptcy, chapter 13 bankruptcy or just go out of business. The companies that agree to being bailed out must move all offices and manufacturing plants back to the United States. This is going to cause these country to lose jobs. This is not about those countries it is about our own country and our own people that are in need of jobs. Yes this is probably going to cause the cost of higher import tax into those countries, which is what our government should be doing. This tax can be covered by charging the customers in that country for the tax by including it in the price to buy the product. That is what happens to us when we buy a product made outside the USA, the company that imports product to the USA tacks on a small amount to the price to cover the lower import tax that the US Government charges that company.
All offices that are to be moved to the USA are to be split up between the fifty states starting with the highest unemployment states. As an example if a company has fifty offices out side the United States then the largest office would go to the highest unemployment state. This does not in any way count Washington D.C. the U.S. Virgin Islands, or any other outlying area that is claimed by the United States.
Now if a company that requests to bailed out by the United States and they have, lets say five offices outside the United States, this is even if it is a manufacturing plant. The company that is to be bailed out by the US and they only have the five offices mentioned, all five are manufacturing plants. The the states with the highest unemployment percentage would be given the first option to put in a sealed bid for the amount of taxes they would charge to have this office or plant in their state.
This would be done just as if they were biding on a government contract. The lowest bidder wins, and they would have to freeze that tax amount for ten years. Also the company that is bailed out by the United States for any reason can never again move any of its offices outside the United States. This protects the people of the United States from losing, their job unless this company finally closes its doors. This company cannot move its office or plant from the state that wins the bid for a set amount of fifty years to help keep jobs in that state.
It would be requirement of the company to contract with the same office that every government employee gets their benefits from. This would mean that the same office that supplies the medical insurance that the USPS (The United States Postal Service) uses would be the office that supplies this benefit. Also the company that is bailed is in not allowed to hire a foreigner unless that person become a U.S. citizen or is in the process of becoming a legal us citizen of the United States and has come to the United States by legal means.
This brings me to my finial example, Lets say a company wanted to bailed out and they came to the US government tomorrow and said we would like the US government to bail out our company, can you help us. The government says yes but you have to agree to these stringent rules and the company agrees. So now in this agreement the USA will assist in moving all office and plants back to the USA as well as restructuring the company. The company is also reminded that an investigation will be done into the company and all involved in the decision making of this company that are found to be the ones responsible for the bad decisions are going to be terminated and held accountable as well.
After the agreement is finished, then the governors of the states that have the highest unemployment rates are then notified that they can put in a sealed bid to have the office or plant moved to their state. The state must go to their Senate and Congress and set the amount of the bid for this office or plant. Once the bid is accepted and the US assigns the state that gets the bid then this state is also going to have to assist with the moving of the company and buying of land or office buildings for these offices.
Remember as these company offices are moved into the United States the unemployment rates are going to change in these states and they will be sooner than later become a lower unemployment state, so every state will become eligible to bid on these bail out companies. This means that once every state reaches a one percent unemployment rate then every state will be notified that there is a bid availability and the dead line for bidding.
Lets say Mississippi wins the bid for a company manufacturing plant, the state of Mississippi is then protected from this company moving its office or plant for fifty years. The only thing that can stop this protection is the fact that the company goes out of business. The State of Mississippi is then given a dead line for getting the plant built and once this plant is built then this company has to close its doors in the country that this plant is in and sell the building and any other property in that county, also this money goes back to the state government to help pay back the cost of the building of the plant or office buildings. This is meant to help protect these states from losing their money that the state's taxpayers paid in to the state.
Once the fifty years is met then the company has the right to move the plant or office to another state but not outside the Untied States. This is just my idea that should be added to the bill and every bail out plan that the United States Government does. Also the company must pay back a set amount that the United States Government sets. Also one other thing if the company is a bank that has branches in other countries the branches can stay in those countries but the company must open offices and branches in the State that wins the sealed bid and this bank must open a main branch in that state. This will assist in lowering the unemployment in the United States.
This is just a brief of my idea and it is my belief that it is time that the United States Government start looking out for its citizens and creating jobs for its citizens and to protect from this happening again in the United States.
For starters we all know from the past when our government bailed out GMAC and Ford Motor Credit that they became government companies, and that these employees get their pay checks in the names of the respected companies, but are in all since of the job, a government employee with government type benefits. The same type that the US Postal Service has. Also for the record our government bailed out the USPS in the 1930's during the depression and they became a government company.
So with that being said, here is how I think all of this should work. All Chairmen/woman of the board of directors, CEOs, Presidents and Vice Presidents all should be fired and held accountable for their action of their bad decisions. Just like if an employee in the lowest position of a company was to call in sick for the twentieth time without a doctors excuse. This is a bad decision by this employee and are usually fired and lose all benefits. These higher ups should be treated the same way.
All corporations that have foreign offices must have all these offices moved to the USA except for certain type of banks (I'll get to this in a moment) All foreign employees will have to be terminated. No moving former employees from outside the USA, unless they are U.S. Citizens, then they get to keep their job. If they are found to be involved in the bad decision making of the clasps of the company then they too lose their job. It does not matter who is involved in the clasp of a company they lose their job.
This is my plan of action that needs to be added to the bail out agreements that these companies must agree to in order for the U.S. government to assist in bailing them out of their bad decision making. Or they can file reconciliation bankruptcy, chapter 13 bankruptcy or just go out of business. The companies that agree to being bailed out must move all offices and manufacturing plants back to the United States. This is going to cause these country to lose jobs. This is not about those countries it is about our own country and our own people that are in need of jobs. Yes this is probably going to cause the cost of higher import tax into those countries, which is what our government should be doing. This tax can be covered by charging the customers in that country for the tax by including it in the price to buy the product. That is what happens to us when we buy a product made outside the USA, the company that imports product to the USA tacks on a small amount to the price to cover the lower import tax that the US Government charges that company.
All offices that are to be moved to the USA are to be split up between the fifty states starting with the highest unemployment states. As an example if a company has fifty offices out side the United States then the largest office would go to the highest unemployment state. This does not in any way count Washington D.C. the U.S. Virgin Islands, or any other outlying area that is claimed by the United States.
Now if a company that requests to bailed out by the United States and they have, lets say five offices outside the United States, this is even if it is a manufacturing plant. The company that is to be bailed out by the US and they only have the five offices mentioned, all five are manufacturing plants. The the states with the highest unemployment percentage would be given the first option to put in a sealed bid for the amount of taxes they would charge to have this office or plant in their state.
This would be done just as if they were biding on a government contract. The lowest bidder wins, and they would have to freeze that tax amount for ten years. Also the company that is bailed out by the United States for any reason can never again move any of its offices outside the United States. This protects the people of the United States from losing, their job unless this company finally closes its doors. This company cannot move its office or plant from the state that wins the bid for a set amount of fifty years to help keep jobs in that state.
It would be requirement of the company to contract with the same office that every government employee gets their benefits from. This would mean that the same office that supplies the medical insurance that the USPS (The United States Postal Service) uses would be the office that supplies this benefit. Also the company that is bailed is in not allowed to hire a foreigner unless that person become a U.S. citizen or is in the process of becoming a legal us citizen of the United States and has come to the United States by legal means.
This brings me to my finial example, Lets say a company wanted to bailed out and they came to the US government tomorrow and said we would like the US government to bail out our company, can you help us. The government says yes but you have to agree to these stringent rules and the company agrees. So now in this agreement the USA will assist in moving all office and plants back to the USA as well as restructuring the company. The company is also reminded that an investigation will be done into the company and all involved in the decision making of this company that are found to be the ones responsible for the bad decisions are going to be terminated and held accountable as well.
After the agreement is finished, then the governors of the states that have the highest unemployment rates are then notified that they can put in a sealed bid to have the office or plant moved to their state. The state must go to their Senate and Congress and set the amount of the bid for this office or plant. Once the bid is accepted and the US assigns the state that gets the bid then this state is also going to have to assist with the moving of the company and buying of land or office buildings for these offices.
Remember as these company offices are moved into the United States the unemployment rates are going to change in these states and they will be sooner than later become a lower unemployment state, so every state will become eligible to bid on these bail out companies. This means that once every state reaches a one percent unemployment rate then every state will be notified that there is a bid availability and the dead line for bidding.
Lets say Mississippi wins the bid for a company manufacturing plant, the state of Mississippi is then protected from this company moving its office or plant for fifty years. The only thing that can stop this protection is the fact that the company goes out of business. The State of Mississippi is then given a dead line for getting the plant built and once this plant is built then this company has to close its doors in the country that this plant is in and sell the building and any other property in that county, also this money goes back to the state government to help pay back the cost of the building of the plant or office buildings. This is meant to help protect these states from losing their money that the state's taxpayers paid in to the state.
Once the fifty years is met then the company has the right to move the plant or office to another state but not outside the Untied States. This is just my idea that should be added to the bill and every bail out plan that the United States Government does. Also the company must pay back a set amount that the United States Government sets. Also one other thing if the company is a bank that has branches in other countries the branches can stay in those countries but the company must open offices and branches in the State that wins the sealed bid and this bank must open a main branch in that state. This will assist in lowering the unemployment in the United States.
This is just a brief of my idea and it is my belief that it is time that the United States Government start looking out for its citizens and creating jobs for its citizens and to protect from this happening again in the United States.
