Jake’s blog runs through the numbers of the proposed jobs package and finds a much more efficient and far-reaching method for helping the affected workers:
OK, you’re concerned about the people losing their jobs? Why don’t we put together a package that says all of the 610 workers that lose their jobs are eligible for $1,000 a week for the next year (or full salary, whichever is less) – basically a state severance. That would give plenty of time for those individuals to land on their feet with little change in their quality of life. Maximum cost for 1 year? $31.7 million, less than 1/3 of what the total K-C bailout would cost.
I’m sure the workers would take this deal in a heart beat when compared to the proposed bailout package that pads the coffers of an already highly profitable company.
There is more here about property taxes and other facets of the bailout. But, these job numbers are the meat and potatoes of this package. Rather, the corporate welfare is what this bailout is really about.
But, don’t think too hard about this bailout. That will only lead to thinking about the “jobs” at issue with the FoxConn bailout that is already in play. Yikes.