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Tuesday, Aug. 23, 2016

Fincher hosts Jobs Roundtable

Tuesday, April 10, 2012

On the same afternoon that President Barack Obama was signing Congressman Fincher's JOBS Act in Washington, D.C., the first-term congressman was hosting a Jobs Roundtable discussion at the Dyersburg/Dyer County Chamber of Commerce. The event took place on Thursday, April 5 and included approximately 40 elected officials and civic and industry leaders.

Congressman Fincher kicked off the Jobs Roundtable discussion by sharing the successful passage of his JOBS Act Bill. The bill, which was introduced by Fincher as House Resolution 3606, is designed to jumpstart the economy and restore opportunities for America's primary job creators.
Approximately 40 elected officials and civic and industry leaders were in attendance last Thursday for Congressman Stephen Fincher's Jobs Roundtable discussion. Fincher addressed concerns from the audience on highway degradation and balancing the budget.
After receiving a variety of feedback in what he described as a great education forum with teachers and education administrators on Thursday, March 15, Fincher returned to the Lannom Center three weeks later to listen to concerns raised on a variety of issues from deteriorating highways to workforce education.

Fincher opened the roundtable conversation by discussing his JOBS (Jumpstart Our Business Startups) Act and its ability to draw bipartisan support on the issue of job creation. Originally introduced as House Resolution 3606, the bill is described in a press release from Fincher's office as a legislative package designed to jumpstart the economy and restore opportunities for America's primary job creators: small businesses, startups and entrepreneurs.

According to supporters of the bill the number of smaller companies going public has fallen in recent years, which delays our economic recovery. With the Small Business Administration reporting that nearly two-thirds of all jobs created in the last two decades have been created by small businesses, proponents of the bill feel it is important now more than ever to ensure that small businesses are afforded every opportunity to succeed.

The JOBS Act will create a new category of issuers called "emerging growth companies", which will be exempted during their initial growth period. In addition, equity financing will be expanded and improvements will be made to allow capital access for small, privately held companies by allowing them to advertise to solicit accredited investors. The bill will also allow small businesses to raise up to $2 million in capital without registering with the SEC.

Ray Rohrer, plant manager at NSK, spoke with Congressman Fincher at the conclusion of the Jobs Forum. Rohrer compared the turnover rate experienced by his company here in the United States as 19 percent in contrast with the turnover rate experienced by his Asian counterparts at 1 percent.
While opponents feel that the JOBS Act will make it easier for small businesses to commit fraud, supporters insist the bill is cutting away at excessive red tape and that small businesses will prosper under its passage, making it easier for them to expand, hire more employees and revitalize our stagnant economy.

Fincher told the audience that he was just as concerned as they are about job creation and the burdensome regulations placed on small businesses and his goal was to make it easier for small businesses to grow and prosper. Fincher discussed regulations such as those placed on highway construction where, according to his information, for every $1 spent on highway construction there is a 50-cent cost in regulation.

"We need to cut the EPA's legs out from under them," said Fincher. "We have fought them (EPA) on a variety of issues, but it is something new every day. Lisa Jackson, (EPA administrator) we have had hearing after hearing with her and she is so arrogant she could care less what you have to say and basically she works for the president, not for us."

Although small-business growth is important a ready work force is also important. Fincher discussed the differences of today where not everyone is going to college to have a professional career with technical careers in high demand.

"Everywhere I go I hear that our work force is not ready and we need to make it ready so that when projects like the port in Lake County is ready to go there is a work force available to support it," said Fincher. "We have taken our focus away from junior schools that provide valuable skill sets and we have to change that."

Ray Rohrer drew from his own experiences as plant manager for NSK to discuss the lack of an available work force. Rohrer commented that there was an inherent conflict in our government where there is a desire to create jobs but the government is also propping people up with unemployment. Rohrer presented Fincher with a few eye-opening statistics on the turnover rate in his plant here in Dyersburg compared to plants in China and Japan. According to Rohrer, the turnover rate in his plant is 19 percent, which is much higher than the Chinese plant with a 1 percent turnover rate and the Japanese plant at a slightly higher rate at 3 percent.

"The rest of the world is working," said Rohrer. "Jobs are important but people working the jobs are just as important."

Highways, political discourse, financial priorities also addressed

Don Pennington (center) thanked Congressman Fincher (left) for his comments as Commissioner John Uitendaal (right) looks on. Pennington sparked a conversation about the priorities of TDOT funding projects such as sidewalk revitalizations when state roads are crumbling.
Jobs were not the only issue discussed during the Jobs Forum on Thursday. Congressman Fincher addressed a variety of other issues from deteriorating highways to financial priorities with taxpayers' money. Fincher also discussed the bipartisan struggles in Washington, D.C. and how that is impacting Americans' day-to-day life.

Members of the audience asked Fincher to address the impact the crumbling road system is having on the country's infrastructure and the potential impact it will have on interstate commerce and job creation.

"The reason the United States was number one is because of our infrastructure because of our roads and bridges," said Fincher. "Other countries are building roads and bridges as fast as they can but we have abandoned ours."

Fincher explained the challenges behind passing the simplest of highway bills and the burdensome costs that regulation is creating. Fincher told the audience that an option often discussed in Washington, D.C. is that the gas tax should be raised to address the crumbling road system throughout the country.

"I don't raise taxes," said Fincher. "However, we cannot get a highway bill through fast enough. This is just like the debt issue, we will either have a controlled burn or an uncontrolled burn if we do not address it."

Fincher commented that some of his colleagues believe that roads are a state issue and should be left to the states to regulate. Don Pennington asked Fincher how government agencies set priorities over how money can be spent. Pennington explained that it did not make sense that sidewalk revitalization projects receive priority over crumbling highways. Pennington asked who makes the decisions of how the projects are prioritized.

"People in D.C. that do not have a clue about Dyer County," responded Fincher.

Fincher explained that the political climate that exists in Washington, D.C. is difficult and that Obama is a "master of using anything that causes division". Attorney John Lannom asked Fincher if there was any hope of a small group of individuals that had similar ideals to Fincher of banding together to bring a different perspective in Washington.

Fincher did not directly answer the question but did say that new leadership was needed in Washington, D.C. to bring certainty back to the private sector.

"We need someone that is not only going to focus on the private sector but also someone that is going to man up and address the debt," commented Fincher.

Fincher did express the hope that his jobs bill was a good sign that the tides were turning because of the overwhelming bipartisan support it received, but did acknowledge that it was a painful process to have any legislation approved during this time. He told the audience that the federal government needed to look closely at where it was spending money and decide if it was in the best interest of the people.

"We need to start looking at return on investment because we are spending someone else's money," said Fincher.

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sorry Mr. fincher but NDAA overshadows anything you say. you sir are a tyrant. we will be seeing you in november.

-- Posted by dburgscoundrel on Tue, Apr 10, 2012, at 12:59 PM

To say we're disappointed with Mr. Fincher would be a huge understatement. He voted along with Obama for the NDAA Indefinite Imprisonment of Americans Act, as well as RAISING the debt ceiling. Again.

The destruction of America continues.

-- Posted by wonk on Tue, Apr 10, 2012, at 2:14 PM

only reason s g is giving fincher this much space is that he is a republican. thank you don pennington for your voice concerning us working on sidewalks while the bridges and roadways are rotting all around us!

-- Posted by closerlook on Tue, Apr 10, 2012, at 6:43 PM

Fincher been rubbin' elbows with them Wall Street folks so much he done forgot 'bout how dey put us all into this mess. That Mr. Ray Rohrer, he good with them per cents. He just didn't come up with sense enough to show that them $8 and $9 dolla an hour jobs jus don't put much on the kitchen table come supper time. Some dolla's is better than no dolla's but please show us what per cent of factory workers in China makes more or makes less than them Chinese NSK folks--then show us the same sense 'bout a Dyersburg folks. Poor is poor and workin at NSK gonna keep Dyer County that way.

-- Posted by Wayward on Tue, Apr 10, 2012, at 7:32 PM

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