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Economic Fallout from Beason-Hammon Immigration Law

by: mooncat

Wed Nov 16, 2011 at 11:53:50 AM CST


Scott Beason, Mickey Hammon, Robert Bentley and their Republican pals who passed the HB56 Immigration Law ignored warnings that it would turn Alabama into a poster child for intolerance and deter foreign firms from moving or expanding their operations here.  Now the economic fallout from Beason-Hammon is hitting the fan.

Golden Dragon Precise Copper Tube Group, which announced earlier this year its plans to build a $100 million plant in Thomasville, "is having second thoughts" about Alabama in light of the controversial law, according to David Bronner, chairman and chief executive of the Retirement Systems of Alabama. 

"They’re not happy," said Bronner, citing conversations with Golden Dragon executives. "They have expressed their concerns to me on numerous occasions."

...  Bronner, who oversees the state’s $29 billion public pension fund, first voiced his concerns about the immigration law in an interview with the Birmingham News, saying it had caused the Spanish owners of BBVA Compass to cancel plans for an $80 million bank tower in Birmingham.

Predictably, Bentley's appointee at the Alabama Development Office is in denial about the chilling effect of HB56.  Someone should tell him about the 12 step method to dealing with a problem.  Step 1 is admitting you have a problem.

 

mooncat :: Economic Fallout from Beason-Hammon Immigration Law
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sort of goes (4.00 / 2)

with what I was just reading

The Power of Now

A related quality is that psychopaths tend to live for the moment and usually don't dwell on the past or future. They tend to be clever situationalists interested in getting as much stimulation out of the day that they can. They are usually less interested in long-range planning and tend to disregard consequences for themselves and others. A psychopath in high finance, for example, will be much more interested in making a windfall profit this quarter rather than doing what is in the long-term interest of his company or clients.

 ----Foxes and Reptiles, Psychopathy and the Financial Meltdown by Jonathan Zap



When in doubt tell the truth. It will confound your enemies and astound your friends.---Mark Twain


We have a Legislature of psychopaths (4.00 / 1)
So screwed.

Work harder and work smarter!

[ Parent ]
either that (4.00 / 1)

or, perhaps more accurately, an election system that CREATES psychopathic behavior in what were, pre-election, fairly normal people who were easily led, charmed and suckered by The Real McCoys.

We also have a financial system that does the same. The laws regarding corporations as people must be changed. The whole legal concept needs reframing really, because the corporate mandate as it is also creates psychopathic behavior.

 Sure, there are a lot of financiers and corporate shills who are natural psychopaths, but in a saner, better-regulated system I think we could deal with those guys.

We need MAJOR legislative and regulatory housecleaning in this country -not more bandaids.

To give these imaginary entities the power of personhood and couple it with a mandate to COMPLETELY DISREGARD THE INTERESTS of the society that gave birth to them, and then hand over the power of Government and Regulation -  that's not psychopathic - it's insanity. It's suicidal.

 If you could commit a country to the nuthouse, Uncle Sam would be doing the Thorazine shuffle. Old hands in mental health say that the Sociopaths run the psych ward. I think we can see that the old saw is true in today's world.



When in doubt tell the truth. It will confound your enemies and astound your friends.---Mark Twain


[ Parent ]
I agree with a lot of what you say, Julie, but... (4.00 / 1)

I am a "fairly normal (person)" - dissenters hold thy tongues- and no system in the world could have made a grasping, woman-hating, racist-leaning scoundrel out of me.

(Scoundrel , yes, maybe, but without the adjectives).

Anyway, You are quite right about the need for MUCH MORE regulation, rather that the Perry-Bachmann chant of LESS GOVERNMENT INTERFERENCE. Dylan Ratigan on MSNBC is pushing a campaign called "Get the Money Out" which means out of political campaigns. That's a start. Re-instate and strengthen Dodd-Frank is another good step.  Here at home, we will be the crappiest excuse for a state, or even a civilized entity until we re-write that abomination of a Constitution.

There's a lot to do, and too damn few of us interested in starting.



"BOUNCE THE BASTARDS". Piggieheart

[ Parent ]
Checks and Balances (0.00 / 0)

work.

The Balance to Capitalism is Government. Giving either one total sway is a recipe for disaster.

I think we can solve our problems here. Not without pain, and not without struggle, but I think they are more solvable than people think.

Election system - totally redone. We MUST have publicly-funded elections.

Citizens United -GONE.

Media consolidation - fixable

Regulatory Corruption: totally fixable. There is no reason we can't have limits or even proscriptions on corporate-government crossover shills.

Will it do away with corruption? NOTHING will do away with corruption. Ever.

BUT we can, as a democracy, create a climate where corruption is returned to the back alley where it belongs, and subject to the Long Arm of the Law when unearthed, and that's the best you can hope for, imo.

As my mother used to say, "The REAL workers' paradise was the good old USA, not the USSR" :)

and as a friend of mine in the Movement said, "Great. Now put that sh** on a tee shirt and get back to work!" 

LOL

 



When in doubt tell the truth. It will confound your enemies and astound your friends.---Mark Twain


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