Jackson Jambalaya

03/30 (H) Motion to Reconsider Entered (Wooten, Smith (39th), Rogers (61st), Warren, Blackmon)

Message to Black and White Mississippians: Reps Wooten, Smith, Rogers, Warren and Blackmon (and the 40 others who voted against it) do not care if you have a job and a paycheck or not. They would rather run off Nissan altogether. They should be voting to expand one of the major job creating companies in Mississippi.

There is no defensible reason to vote against this bill, if you understand the bill.

Correct.

@ 1:50, Smith and Rogers are automatically placed on the hold as Chair and Vice-Chair of the originating committee. They voted FOR this project.

Who all voted against it?

Is there another meaning for the word "recourse" than the common one? I'm not sure what Longwitz means in that statement.

First they vote to protect child rapists in their community, now this. Of course it goes without saying that they want to kill any bill that requires mastery of subject matter in order to advance in school. What else goes on this list of three? I'm sure there are others.

Recourse is defined as "The right to demand payment from the endorser of a commercial paper when the first party liable fails to pay."
So in this instance, because the industrial development bonds are not guaranteed by the state, nor are they guaranteed by Madison County, there is no recourse to either if Nissan fails to pay the lease payments. The lease payments are what is paying the private bond holders.

David Baria, and many others, know better than to vote against something that costs us nothing and brings so many jobs. They ought to be ashamed.
There were also 2 Republicans who voted against it.

Oberhausen has disappointed Raymond MS!

WOW, Longwitz with another presser! Imagine that. Try working for the news station. You report more than they do!

Madison Voter

Sounds like the black cacus was looking for bribe money. Why else would they fight against adding jobs for Mississippians?

The CONSERVATIVE vote was "NO"! Gov't should not be doing this. Period! If Nissan needs money they need to go to the bank. How is this different that the Obama bailout?

Wow 7:05; you're good with comparisons. But your talent in that regard is balanced by your inability to understand the guarantees of this type of bond. The Obama bailouts did nothing but grease the palms of constituents, friends, greenies and labor unions and in many cases screwed the taxpayer.

7:05 please educate yourself. The bonds are guaranteed by Nissan's lease payments, nothing else.
The CONSERVATIVE vote is to force more businesses to use this Nissan kind of financing, rather than getting the state to back their tax free bonds. With normal bonds, when the business fails, the taxpayer is liable for the money.
With the type of bonds Nissan is wanting, if Nissan were to go under and stop making the lease payments, private bond holders would get in line as creditors of Nissan.

Black caucus voted against it but look who else did: David Baria, Linda Whittington, Bob Evans, Steve Holland, Bobby Moak (D-Annandale), Oberhousen.

You didn't mention that Cecil Brown also voted against more jobs @ Nissan.

10:23, you are correct. Bribe money in the model of Dr. King and J. Jackson.

Has anyone read from Section 7 down on this bill? Taxpayers not on the hook? That's a laugh if you read the bill:

Sounds like an economic or re-development agency with funds going back to the agency. Also, as far as the county issuing bonds without a vote from the people? The three notices time-frame doesn't leave the citizens much time to oppose it, or even know of it.

I also don't think it's fair to put the burden on the tax payers to stop raising taxes by having to gather a petition to stop it. We are busy people and have more important things to do than run around and try to get a petition to stop it -- there should be a vote required.

..and it takes taxed property out of the system, less revenue that taxpayers will have to make up for "Hence, any property owned or held by the Authority or under its jurisdiction under the provisions of this chapter shall be exempt from all taxation in the State of Mississippi."

Shut up 1:20. Balance seven thousand direct and peripheral jobs against damned state taxes.

1:20 This does not raise taxes. The bond is backed not by taxpayers, but by the lease payments from Nissan.

As far as Nissan paying taxes on the property, I would argue that it is better to create 1,000 new jobs so people can get paychecks and support their families.

I remember when J Jackson went to OR back in the 90's to meet Nike founder and owner Phil Knight. He told Phil he wanted him to start giving money to his foundation, Phil said NO. Jess then said if he did not he would start a national and then a global boycott against Nike.

Remember what Phil Knight said?

Take your best shot!

Rememeber the boycott and its affect? No you don't because it never happened, and Nike never heard from Jackosn again.

Are you talking about Jermaine Jackson, or what? Please God tell us.

"Black Caucus", Steve Holland, Cecil Brown.

Now that's one powerful coalition !
Ignorance now has new champions.

"Kukla, Fran & Ollie "

... Holland reminds me of one of the Ollie puppets.

Has anyone seen a written agreement with Nissan --If so who is involved in the agreement and what guarantees does Madison county taxpayers have in not having to pick up the tab later--First, where is the written agreement spelled out on who is responsible for the debt???

Someone please refresh my memory, wasn't Holland the one that pushed the failed cull cow project through? And I know this doesn't have anything to do with Nissan, I was just wondering.

There is no legal recourse, at any point, to Madison County taxpayers, or to Mississippi taxpayers.

How smart is that? To push the beef plant that cost Mississippi taxpayers $55 million plus, but refuse to support the Nissan expansion bill that will cost taxpayers no money, and will bring us 1,000 new job.
Democrats. You just can't quite count on them to be able to count.

Almost as mind boggling as Bennie and the black preacher showing up in Madison County to support unionization of the best paying employer in the region with the best benefits, best chances for advancement and superior family-oriented facilities. Makes no damned sense. What causes people to think like that? Really.

I AM ASKING AGAIN--SENATOR LONGWITZ,IS THERE A WRITTEN AGREEMENT BETWEEN NISSAN AND MADISON COUNTY ON THE TERMS AND CONDITIONS OF THE 100 MILLION DOLLAR BOND ISSUE--IS THERE AN AGREEMENT IN WRITING SPELLING OUT NISSANS OBLIGATIONS AND MADISON COUNTY'S OBLIGATIONS--WHERE IS THE AGREEMENT--WHERE IS THE BEEF SENATOR?????

Elaine at 7:59 -
The revenue bonds cannot even be issued until Nissan gives a legally binding agreement that they will guarantee the revenue stream. No institution is going to buy a bond without a guaranteed revenue stream.
It is impossible for the state or county government to obligate themselves on a revenue-only bond like this. Again: these are not general obligation bonds, and it's not possible to get to the taxpayer through them.
And, yes, the bond agreement will have everybody's guarantee of everything you mention. That's why agreements exist. It would not be possible to issue these bonds before all those agreements you put in capital letters exist.
Please come in off the ledge, Elaine.

WHERE IS THE BEEF SENATOR?????

A Millsaps Powerpoint presentation is all you need. Seek out Bill Brister and he shall lead you to the light of day.

Please ignore them, Senator. I might not agree with you on every issue, but this ones clear. they may be trying to bait you, but you shouldn't bother trying to fix stupid on this one.

“If this passes and Medicaid is not reauthorized, the governor could use this money to try to run the program by executive fiat,” Rep. Ed Blackmon, D-Canton, reminded his colleagues before the vote.

So, Ed Blackman, you want to kill Medicaid AND kill Nissan. Have I got that right? That's some course you're setting for the state, Black Caucus...

Call Blount!!! A Millsaps study to the rescue! Rob Peregrine powers unite!

The Black Caucus has never lead any charge to create meaningful legislation on anything. They are good at trying to kill things others create, but have never actually led.

4:52 "There were also 2 Republicans who voted against it. "

You need to check your reference - I don't see any Repubs on the list of nays. Don't speak if you don't know.

Also - Chuck Espy voted 'present' which in this case was either him wanting to say 'yes' but couldn't buck the black caucus (no balls) or else it was a 'no' but at the last minute realized it wouldn't change the result so he was looking for campaign contributions for his mayor's race.

First let me be clear, I am glad that Mississippi is in line for more jobs. I am also glad that Nissan has seen the work ethic of the fine people of Mississippi.

But here is my problem. If Mississippi is going to help Nissan again, why can't we have a little say in where these suppliers go. Could we not put some in Lexington, Crystal Springs, Magee or other outlying cities so more citizens truly benefit from the Help Mississippi will give.

Again I am glad that we are seeing these new jobs, just wish they could be scatterd out some.

OT: King, keep an eye on HB 151. Senate about to vote again on conference report. Ed Blackmon defected and changed his vote on House side.

KF - what happened to the post that called out your "gym buddy" Cecil Brown for voting against this project? Not willing to include him with the other "white" members of the black caucus?

Why don't you look above, idiot.

### Metro Ad Valoreum Millage Rates (2010-2011) ###

Jackson = 58.03 mils
Canton = 57.03 mils

Edwards = 47.0 mils

Clinton = 38.74 mils
---> AVERAGE = 30.9 mils <---
Flora = 30.5 mils
Byram = 30 mils

Madison = 28.8 mils
Terry = 27.85 mils
Brandon = 23.0 mils
Pearl = 21.5 mils
Raymond = 21.17 mils
Florence = 20.9 mils
Ridgeland = 20.03 mils
Flowood = 20.0 mils

Richland = 19.0 mils

*excludes County & School District

Blogger Kingfish said...
Why don't you look above, idiot.


Hey idiot - I was talking about the one sent at 7:49 a.m. Referred to Brown being your "gym buddy" that you always run to, and also pointed out that you skipped Mensa member Bo Eaton (another cow plant author) from joining in with the black caucus.

10:35 - Can you post a list of speed limits in those towns?

"If Mississippi is going to help Nissan again, why can't we have a little say in where these suppliers go. Could we not put some in Lexington, Crystal Springs, Magee or other outlying cities so more citizens truly benefit from the Help Mississippi will give."

1) from what I've read here, the taxpayers aren't putting a nickel into this. the legislation allows Nissan to float bonds for which Nissan has the sole responsibility of paying back, with no contribution from the taxpayers.

2) Suppliers want to be near the customers; it increases efficiency, therefore it increases profits. Why drive 200 miles to deliver a load of batteries, or windshield wiper blades, or whatever, when you can locate 5 miles away? The customer also likes having them closer for emergency deliveries.

8:16 - these suppliers, and Nissan, are what is called "private businesses". They are going to make their own locational decisions. It is not the job of the state to decide where these businesses locate, nor is it the function of our 'esteemed' legislators to dictate where they are going to locate.

This bill is not the state "helping" Nissan or the suppliers. All the state is doing is allowing Madison County to issue revenue bonds so Nissan can borrow money - nothing but an accounting technique.

If Holmes County (for example, since you used Lexington) wanted to create a business friendly environment and at the same time offer the same support, maybe they could get some suppliers to locate there. But the state shouldn't be in the business of "telling them" where they can locate. That's not the process in our capitalistic society.

By the state allowing the sale of the bonds, Nissan is enjoying the states bond rating at no cost. So yes the state is in this. Also ask the folks in Senatobia, who would not be on the hook for the bonds sold for the solar power panel plant how they like now being on the hook.

If any type of Governmental entity is the one selling the bonds then the they are on the hook.

I know Nissan is not a start up company and the risk is better, but it is still a risk and the taxpayers are on the hook.

I understand tier 1 suppliers needing to be close but tier 2 and 3 do not have to.

So I again say lets help the WHOLE state and not just certain parts.

If I'm not mistaken, it's been stated in the bill or the proposal that a portion of the money will be used to actually 'centralize' suppliers, maybe under a single roof. If suppliers are spread out from Lexington to Magee, that would raise the cost of everything involved and guess who that cost would be passed on to.

Nissan (naturally) controls the benefits and wage packages at its suppliers as well as training and certification requirements of the employees and temps used by suppliers. That's standard operating protocol when it comes to major industries and their subcontractors/suppliers.

3:36, you are comparing apples to lumber. The Senatobia project funding has no relationship to this Madison project. They will not be benefiting by the State's bond rating - the bonds will be those of MCEDC and guaranteed only by the lease payments from the facilities.

You are just factually wrong about the state, or Madison County, being on the hook for these bonds. Don't you understand the term "no recourse"? Obviously not, just like you don't understand that the state doesn't dictate locational decisions of private businesses.

If this is such a perfect deal--Why isn't the state issuing the bonds instead of Madison county--Does the Senator know--Who is getting the beef??

It's by design, 10:41. It looks good in MCEDA's prospectus when they go door-knocking. Not negative, just what is.

I am sure there will be some trips and engineering involved--Will Senator Longwitz travel also?

I am not factually wrong. The bonds in Senatobia were not to be paid by the city of Senatobia, yet when the plant did not make they were. Look when you are talikng millions of Dollars someone is on the hook. We failed to help the state the first time we attracted Nissan, when we did GIVE them millions of dollars and I mean MILLIONS, by not putting in the package that tier 2 and 3 suppliers would be locate 60 to 120 miles from the plant. I never said what cities I used some as examples.

Again as I stated in my first post I am not against this. All I would like to see is that when my tax dollar is used to land new jobs that I have a chance to benefit from it.

What would be the benefit of requiring suppliers to locate within '60 to 120 miles from the plant'? I can understand the state requiring a certain percentage of the suppliers to be located WITHIN the state. Some suppliers are critical and are outside the state and are not readily duplicated. But, again, requiring they be located here or there is nonsense. That would be like requiring Nissan use UPS as opposed to FedEx or that they shop only northbound via rail. Confucius say 'The more requirement you place on prospect the more likely prospect tell you to take flying damned hike'.

5:57 this is pretty laughable. Trips to where? Canton?

The benefit would be that those of us who are paying taxes, that are then given away to land industry would benefit directly from said industry locating here. This has been done in other states and has worked, can be done here also.