On the heels of plant closings by Ford and GM, Georgia Governor Sonny Perdue needed something to turn around his manufacturing jobs performance. That something ended up being $400 million in incentives to South Korean automaker Kia to build a plant in Georgia.
The Kia plant is expected at best to create 2,500 jobs, less than half the number lost from the closing of the Ford and GM plants.
North Carolina was the first state to pass a law reining in shady
predatory lending practices, such as steep prepayment penalties,
balloon payments and the sale of high-cost loans to borrowers who could
qualify for lower rates. Soon a number of other states followed with
similar laws and the result, according to a new study, is that homeowners now save $9.1 billion per year.
If you've read PLAN's report on how the right-wing operates in the states, Rep. Earl Ehrhart's name probably rings a bell. The Georgia legislator is a past chairman of ALEC and takes the cake for his unsurpassed willingness to loudly and proudly announce his desire to work for the corporate interests who line his pockets.
So it shouldn't be too surprising to read today in the Atlanta Journal-Constitution that Rep.