Job Creation “A Logical Approach”

Job Creation “A Logical Approach”
New York, NY, December 1, 2009, The Foundation for Job Creation, www.jobcreation.us, 4createjobs, offers these suggestions, for consideration, by President Obama and his guests at the Job Creation Summit to be held on Thursday at the White House.
Mr. President please do not raise any taxes, cut any taxes, provide tax credits, or spend more to increase the deficit expecting to create real jobs.
Mr. President please ask Wall St. to clean up its operations particularly in the OTC.BB market as this is a viable avenue for capital/equity creation if investors could trust that market. As we all know the banks cannot lend at this point, by supporting a voluntary clean-up of this market we may discover patriotism where we never thought it could exist, on “Wall St”. This underutilized market could be the arena for small capital needs by innovative businesses and “pinch hit” temporarily for the banks. Please ask Wall St. to set and publicize specific rules for the equity markets immediately eliminating dark pools, flash trading, and other unfair trading practices, and demand transparent reporting, to allow more investment and trust in this market from domestic and foreign sources. Our traditional methods of capital raising through angel investors, and venture capitalists is inefficient. We must re-invent the secondary equity markets rapidly to deploy more capital to innovative start-up businesses. Most big ideas cannot obtain loans because they are such huge endeavors.
Mr. President could you please consider motivating investors and industry with the idea of taking more risk on innovation for creating jobs? We have a busy patent office, a brilliant stable of engineers, and lots of big ideas motivated by potential profit in this free country, and a system for capitalizing on profitable ventures in America. This all works providing the system is free to operate and not dependent on political connections and government grants. Innovation and investment is deterred currently by the belief that if there is not a “connection” there is no need to even try. Look where that style of business has brought us, (10.2 % unemployment at least) and a devastated housing market. By assuring the scientific and investment community that fair competition will exist we will have job growth. We will also have the opportunity of improving and assisting in maintaining the lifestyles of a growing global community hungry for innovation and the solutions to difficult problems regarding energy ,water and the biosciences.
Mr. President please suggests that all new jobs should be created to provide a minimum of a living wage adjustable to geographic location. This is critical to help in resolving the housing crisis. Living wage jobs will happen naturally if we focused on job creation through high tech innovation. It would also motivate our society to study more and prepare for such jobs.
Mr. President, Labor and business must work together in new and more appropriate ways. The labor movement must be part of the solution to economic growth. Can you please discuss and foster new levels of communication from the labor unions so that potentially new manufacturers will not be afraid to operate in the United States and automatically plan to manufacture overseas. Good labor relations sowed while innovation is developed would move organized labor from a reactive to a proactive . A new manufacturer should be able to forecast and negotiate labor costs years ahead and have firm agreements in hand before setting up operations.
Mr. President we have everything we need to create jobs. We simply need your leadership and motivation. Please ask for the help of all parties mentioned above.
About the Foundation: The Foundation for Job Creation was founded by Mark Nejmeh in March 2009 and is a NJ non-profit. The FFJC does not apply for government funding in an attempt to maintain an entrepreneurial spirit and to avoid any political connection. The FFJC has been funded solely by its founders and volunteers efforts. Please visit our site and donate what you can, www.jobcreation.us, 4createjobs. Our goal is to attract ideas, provide engineering, evaluate the commercialization of the technology, and to produce prototypes for investors review providing that the innovation developed will create jobs.
Mark Nejmeh is the inventor of, www.magkinetics.com technology, a system and method for creating electricity from moving automobile traffic. While experiencing first hand the difficulties of commercializing the MagKinetics technology, and watching the job creation crisis form Mark Nejmeh decided to apply innovation to the job creation process.
Source:
The Foundation for Job Creation
Mark Nejmeh: Director/Founder
mark@jobcreation.us
732-995-3914