Failing to tackle our roads

Updated: Friday, June 20, 2014
Failing to tackle our roads story image
KALAMAZOO, Mich. (NEWSCHANNEL 3) - Many Michigan residents were taken by surprise last week when the Michigan Senate failed once again to make a plan to deal with our overwhelmingly bad and ever deteriorating roads.

Even as legislators left Lansing to vacation and campaign, there were reports from around the state of local residents taking it upon themselves to fix potholes in their neighborhoods.

We've seen it happen in Emmett Township.

Tonight, in Tom's Corner, Tom Van Howe says it's time for Michiganders to stand up and be heard.

=====================

To put it as straightforward as I can: the Michigan Senate--long controlled by Republicans--is a chamber of cowardice.

Here we are, in a state that virtually gave birth to the automobile, that put the nation on wheels more than a century ago; and we simply refuse to take on the massive task of fixing what are arguably the worst roads and bridges in the United States.

How embarrassing.

The argument goes that Republicans are either too caught up in an anti-tax manifesto, or are too afraid that conservatives in their districts will vote them out if they raise the gas tax by 25-cents a gallon.

Well, assuming their heads are in fact stuck in the sand, I've got news for them. A road tax is one of the few things people would be willing to pay.

Yes. A new poll last month by the Center for Michigan found that 58 percent of us are willing to pay more at the pump to attack what we--not our Senators--but what "we" think is an urgent priority.

Our Senators obviously have a different view. They've gone on vacation.

Not to suggest there are no Republicans trying to get the ball moving. Governor Snyder has been asking for action from almost the day he was elected.

Senate Majority Leader Randy Richardville, who's soon to be term-limited out of office, has been trying to lead a charge. But nobody is following.

Richardville hasn't always been on board, but he is now.

"The Detroit three," he said, "have learned to make better cars. People are working harder and smarter. It's time for state legislators to support a commonsense way to build better, longer-lasting roads. It's time to fix the damn roads."

I can sense the growing anger over the lack of action everywhere I go. If it's a given that our elected officials are afraid to tackle the issue, the case can now be made they should be even more afraid to continue ignoring it.

This is the same bunch who so cleverly headed off a minimum wage ballot proposal a couple of weeks ago to keep voters away from the polls in November. And they did it in one day.

It's time for them to show a little courage now and do a little something for people of all income brackets. If they refuse to budge, I can hear the chant of "throw the bums out" beginning to grow.

We need good roads for our own safety. To protect the investments we make in our cars. For more efficient commerce. For the tourists on whom we so heavily rely for our economy. To help attract business. To make us proud of our state and its infrastructure.

If our legislators fail us... it's time to replace them with a new crew who won't.

In this corner...I'm Tom Van Howe.

Business News

Last Update on November 25, 2014 18:10 GMT

ECONOMY-GDP

WASHINGTON (AP) -- The U.S. economy grew at a solid 3.9 percent annual rate in the July-September period, even faster than first reported, giving the country its strongest back-to-back quarters of growth in more than a decade.

The Commerce Department says the third quarter growth rate climbed from an initial estimate of 3.5 percent because of greater spending by consumers and businesses. The figure followed a 4.6 percent surge in the spring, which resulted in the biggest consecutive quarters of growth since 2003.

Analysts believe growth could slow to around 2.5 percent in the current quarter but then accelerate again in 2015. They expect growth of around 3 percent, representing a sustained acceleration in activity six years after the Great Recession.

EUROPE-ECONOMY

PARIS (AP) -- A major international organization is calling on Europe to relax its fiscal rules and for governments to spend more money, saying Europe's sluggishness is dragging down the global economy.

Tuesday's report by the Organization for Economic Cooperation and Development, a gathering of the world's richest countries, says Europe has consistently underperformed economically and risks remaining economically stagnant unless demand picks up. The report also calls for major reforms in Japan, saying its debt is unsustainable.

EU requirements that members keep budget deficits below 3 percent of GDP are coming under increasing pressure as the bloc's economy fails to pick up.

Germany, a fierce defender of the budget rules, was taken to task in the report, which called on the government to invest more in childcare and infrastructure.

CONSUMER CONFIDENCE

WASHINGTON (AP) -- A fresh survey finds U.S. consumer confidence down in November following a big gain in the previous month.

The Conference Board says its consumer confidence index fell to 88.7 in November, down from a seven-year high of 94.5 in October.

Conference Board economist Lynn Franco says that the decline primarily reflects reduced optimism in the short-term outlook, as consumers expressed less confidence in current business conditions and the present state of the job market.

But she adds that expectations about future income remain virtually unchanged. With gas prices falling, this should help boost holiday sales.

NEW YORK FED-HOUSEHOLD DEBT

WASHINGTON (AP) -- Americans are slowly but steadily borrowing more money, bringing to an end a five-year effort to cut household debt that has slowed consumer spending and the economy.

The Federal Reserve Bank of New York says total household debt increased $78 billion in the July-September quarter to $11.7 trillion, led by rising mortgage and auto loans. That is the fourth increase in household debt in the past five quarters.

Total debt is still below the peak of nearly $12.7 trillion reached in the third quarter of 2008. But it has risen 5 percent since bottoming out in the second quarter of last year.

The sustained increase is a sign that Americans are more confident and willing to spend more, trends that could fuel faster economic growth.

HOME PRICES

WASHINGTON (AP) -- U.S. home prices rose in September at the slowest pace in more than two years, reflecting modest sales gains and a rising number of available homes.

The Standard & Poor's/Case-Shiller 20-city home price index rose 4.9 percent in September from 12 months earlier. But that's down from 5.6 percent in August and the smallest gain since October 2012.

Home price gains have slowed this year after rapid, double-digit increases in the previous two years. Investors helped drive the strong gains by bidding up prices but have started to cut back on their purchases.

The Case-Shiller index covers roughly half of U.S. homes. The index measures prices compared with those in January 2000 and creates a three-month moving average. The September figures are the latest available.

BANK EARNINGS

NEW YORK (AP) -- U.S. bank earnings rose 7.3 percent in the July-September quarter from a year earlier, as banks reduced their expenses and continued to lend out more money, which help drive up revenue.

The data issued Thursday by the Federal Deposit Insurance Corp. showed a robust picture as the banking industry continues to recover from the financial crisis that struck six years ago.

Banks and other financial institutions insured by the FDIC earned $38.7 billion in the third quarter, up from $36.1 billion a year ago. The percentage of unprofitable banks fell to 6.4 percent of institutions, versus 8.7 percent a year ago.

The agency said the number of "problem banks" fell to 329 during the quarter, the lowest since the first quarter of 2009. Only two insured banks failed last quarter.

HOLIDAY SHOPPING-THANKSGIVING

NEW YORK (AP) -- Thanksgiving could be the best day to shop all year.

An analysis of sales data and store circulars contradicts conventional wisdom that Black Friday is when shoppers can get the most and biggest sales of the year.

Turns out, shoppers will find more discounted items in stores that are open on Thanksgiving. An analysis of promotions for The Associated Press by researcher MarketTrack, for example, shows a total of 86 laptops and tablets deeply discounted as door buster deals at Best Buy, Wal-Mart and others on the holiday compared with just nine on Black Friday.

And on the Web, discounts will be deeper on the holiday. Adobe, which tracks data on 4,500 retail web sites, finds online prices on Thanksgiving are expected to be about 24 percent cheaper compared with 23 percent on Black Friday and 20 percent on Cyber Monday.

advertisement
Washington Times
advertisement