Wednesday, February 25, 2009

Abedin-Abdullah proposal for short term job creation

The Proposal: Mandate every state to have mandatory full service gas station like my own state Oregon.At least 4 new jobs per gas station. There should be a recovery gas tax and the new jobs will be funded by this gas tax by the owner. This proposal is a temporary plan and may mandate for next two years only. After two years, this could be extended to fund alternative energy initiatives to reduce dependency on foreign oil.Based in 1997 statistics, there are 126,262 gas stations for the lower 48; hence this plan may immediately create half million jobs assuming on average 4 jobs per station. Although these jobs may be per time and low pay; however it may be better than pan handling or food banks or even social security checks.

Thanks to Abedin Bhai for bringing this up during lunch conversation at the Intel's cafeteria today.

All gas stations in U.S.: 126,889
Alaska: 267
Hawaii: 360
Gas stations with convenience stores: 81,684
The following are the 113,000 stations that have been open more than ayear:
Gas stations with sales less than $500,000: 18,802
Gas stations with sales $500K - $1 million: 24,103
Gas stations with sales $1 million - $2.5 million: 49,482
Gas stations with sales over $2.5 million: 20,465
The data comes from the U.S. 1997 Economic Census "Establishment &Firm Size, Retail Sector" (October, 2000)http://www.census.gov/prod/ec97/97r44-sz.pdf

Wednesday, February 4, 2009

Senate OKs $15,000 tax break for homebuyers (AP)

http://buzz.yahoo.com/article/1:y_news:a6e612dc8aee93d08e28b9c63c4047e6
I think Senate, House and White House need to think outside the box for a while. They should give a break to the current buzz word "Billion" for every bill addressing the economy. Why don't they talk about the "Confidence" and "Real Value" for a change?

There has not been any catastrophe since 2007. I don't see any house smashed down or burn down or leveled up. Farmers did not stop producing produce. It is not the end of the world. More you panic more damage you are causing to the moral of the survivor. Just focus on your job and do it more efficiently and cost effectively. Add more value to it. And that goes for everybody, house and the executive body, factories and industries, farm and most importantly the money managers, investment bankers. Come on how long you though these fake valuation could last? You enjoyed the ride, not stop blaming and get use to it.

I don't want to keep writing off my tax to my future and my children’s, how much more debt are we going to put on their back? It is easy for congress and those tax dodger to write off future tax today; but boy what happen to the good old citizenship to have the politician in check?