wilheldp_PE
PE, LEED AP, SPAM KING
I can already feel the Change and Hope washing over me...can't you?
"This Economy"
- Thread starter C-Dog
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RIP - VTEnviro
His Memory Eternal
Yes I Can.
Capt Worley PE
Run silent, run deep
^Well played, sir!!!
wilheldp_PE
PE, LEED AP, SPAM KING
RIP - VTEnviro
His Memory Eternal
Wii disagree with you.
But there is an I in "what a disaster this is going to be."
But here's what I don't get. He's OFFICIALLY President right now. I thought all of our economic problems were supposed to go away now? I mean, the DJIA is down 239 points so far today, shouldn't his inauguration have been enough to thrust the US economy out of the red and back into overwhelming prosperity?
But here's what I don't get. He's OFFICIALLY President right now. I thought all of our economic problems were supposed to go away now? I mean, the DJIA is down 239 points so far today, shouldn't his inauguration have been enough to thrust the US economy out of the red and back into overwhelming prosperity?
Chucktown PE
Well-known member
My last job had lots of people coming in only to be let go before me. Some were from the Seattle 'burbs, others from the Northern Idaho tip/Eastern WA area. If Spokane is doing ok, then it would take my wife to convince... not easy. We live in a little Mayberry of a town and the weather is pretty decent in Western Oregon (minus the two-week stretches of rain).
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IlliniASU
Engineers don't only drive trains.
engineergurl
Resident Sweet Cheeks
- Joined
- Apr 30, 2008
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I didn't vote... we were told that there's no more money and all our contracts won't be renewed, but right now my contract is set for a bit so I am good for a while... keeping our fingers crossed that the govt doesn't decide to get rid of contractors....
DVINNY
2-time 10K winner
Let's look at it like a marriage;
going into it, we are all excited as hell, and can't wait, have high hopes, everything is going to be great.......
Well, when men get married, they all think its going to be happily ever after too.
Go find me 100 married men, and ask them what they think now? LOL
RIP - VTEnviro
His Memory Eternal
Yep, I can piss both sides of the aisles off, while humoring the other half, then reverse course in a couple hours. And I once held a public
MAYBE WE SHOULD!
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Road Guy
Well-known member
the dow wont budge upward until until Obama shows his hands (with whatever he plans to do) since he hasnt said anything specific about his economic plan, other than change, yes we can, yadayadayada.. Odd that were this far into his election and no one really knows what he plans to do, other than bailouts and the public works stimulous.
An investment in public works wont do much for the market because its only going to benefit state and local governments, half of which will piss away a lot of the money on stupid shit, if there is any spillover effect into the private sectors (outside of construction companies and consultants) its going to take a while (IMO)
If they would drop a lot of the bullshit from the feds in relation to the federal gas tax they could easily speed things up in regard to our infrastructure, but no we need to take money from say fuel tax in Ga, send it to washington where they take a cut and then send it back and then tell you how to spend it?
Free government healthcare isnt going to do much to help the markets either.
Closing gitmo or ending the war in iraq wont help the Nasdaq or the dow.
^ -- (not saying there bad ideas, just saying it aint going to get you a raise
)
He could make this easier by dropping capitol gains taxes, or substantially lowering it. If we can bailout the banks and the auto industry, why not say, okay for one year no capitol gains taxes (its not like the government hasnt been taxing it all along anyways...)
Anyone remember when the democrats chastised Clinton for proposing a $19 Billion stimulous package? And now were looking at $800 Billion?
WTF
An investment in public works wont do much for the market because its only going to benefit state and local governments, half of which will piss away a lot of the money on stupid shit, if there is any spillover effect into the private sectors (outside of construction companies and consultants) its going to take a while (IMO)
If they would drop a lot of the bullshit from the feds in relation to the federal gas tax they could easily speed things up in regard to our infrastructure, but no we need to take money from say fuel tax in Ga, send it to washington where they take a cut and then send it back and then tell you how to spend it?
Free government healthcare isnt going to do much to help the markets either.
Closing gitmo or ending the war in iraq wont help the Nasdaq or the dow.
^ -- (not saying there bad ideas, just saying it aint going to get you a raise
)He could make this easier by dropping capitol gains taxes, or substantially lowering it. If we can bailout the banks and the auto industry, why not say, okay for one year no capitol gains taxes (its not like the government hasnt been taxing it all along anyways...)
Anyone remember when the democrats chastised Clinton for proposing a $19 Billion stimulous package? And now were looking at $800 Billion?
WTF
Capt Worley PE
Run silent, run deep
I'm still cheesed off that they willingly gave away 300+Billion (so far) to the banks and it did nothing, as most expected. yet the automakers, WHO MANUFACTURE A PRODUCT, had to wheedle and drive in electric cars for a lousy 14B line of credit.
I'm glad Ford basically said, "F y'all. We don't need it that bad."
I'm glad Ford basically said, "F y'all. We don't need it that bad."
DVINNY
2-time 10K winner
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udpolo15
Well-known member
where to begin?
as for the bailouts, they suck. First, the government shouldn't be picking winners and losers, the market should. A lot of people point to Lehman as why these big banks can't go bankrupt, but it wasn't the size, but that the bankruptcy was put together over a weekend and most of the Lehman management was focused on trying to get a bailout. If a company had sometime to plan a bankruptcy, you wouldn't see a repeat in the credit markets. Second, they can't even get bailouts right. First and foremost, how can the current management be allowed to stay on when you are asking for billions of dollars because you screwed up your company. Also with banking we are following the Japanese model that produces a long drawn out, but not acutely painful, rather than the Swedish model that is painful but quick.
I think the problem with the economy/state of the country comes down to one fundamental human desire, instant gratification. Consumers have it, investors have it, the corporations have it, and the government has it. Consumers want the flat screen now, they want the big house now, etc. Investors/Business only care about the quarterly earnings, they don't think about the long term sustainability of the business. how many of the Bank CEOs would be around if they had decided to sit out the tremendous profits of the housing boom. How many stupid mergers have been done just to please investors. The government is only concerned with how decision impact the next vote; how can officials "serve" you today, what does the public want to hear today. No regard for what all of this means down the line.
Rant off.
as for the bailouts, they suck. First, the government shouldn't be picking winners and losers, the market should. A lot of people point to Lehman as why these big banks can't go bankrupt, but it wasn't the size, but that the bankruptcy was put together over a weekend and most of the Lehman management was focused on trying to get a bailout. If a company had sometime to plan a bankruptcy, you wouldn't see a repeat in the credit markets. Second, they can't even get bailouts right. First and foremost, how can the current management be allowed to stay on when you are asking for billions of dollars because you screwed up your company. Also with banking we are following the Japanese model that produces a long drawn out, but not acutely painful, rather than the Swedish model that is painful but quick.
I think the problem with the economy/state of the country comes down to one fundamental human desire, instant gratification. Consumers have it, investors have it, the corporations have it, and the government has it. Consumers want the flat screen now, they want the big house now, etc. Investors/Business only care about the quarterly earnings, they don't think about the long term sustainability of the business. how many of the Bank CEOs would be around if they had decided to sit out the tremendous profits of the housing boom. How many stupid mergers have been done just to please investors. The government is only concerned with how decision impact the next vote; how can officials "serve" you today, what does the public want to hear today. No regard for what all of this means down the line.
Rant off.
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Flyer_PE
Jr. PE / Sr. Company Pilot
A lot of what is proposed to fix our economy has been tried before. Rather than paraphrase:Thomas Sowell Column 12/23/2008
Capt Worley PE
Run silent, run deep
True, it'll be just like welfare. Welfare for the well educated.
And he has a point. However, and I'm just throwing this out there, as a result of government spending, a lot of things got accomplished that probably never would have without federal help, notably roads, dams, and electrification.
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