2/10/2009 3:48 PM
Mike wrote:
With the new stimulus package passing, how soon will we see job creation? It seem like a 12-14 months will pass before jobs will actually be created. Down the road yes, how does this help 2009? Don’t we need immediate job creation and company growth?
Keep up the good work. I’m learning a lot from you.
Yes, that is correct. A major portion of the package is intended to ease the pain of the recession for families, the unemployed and elderly through tax credits, deductions and aid like food stamps, health care etc.
Together with the TARP monies and the central bank injections such as guaranteed interbank lending and other just announced measures we are loopking already at up to 3 trillion dollar being committed and spent.
Geithner just announced that we might need more.
If the downward spiral cannot be broken the accummulation of debt, defaults, foreclosures, job cuts and lack of consumer spending will require more liquidity. Jobs will be created, for sure, but will it compe nsate the millions we have lost in the past decade and that are not going to be replaced because of the collapse of the housing market and the specific labor that that market required.
Targeting infrastructure, energy efficient industries, education and health care will help but is only marking the beginning of a new era.
My guess is that we need more and more money down the road.
9/25/2009 1:28 AMMalcolm Ray wrote:
I agree with you; have not read your book. Would like to do so. Well, does it make sense that a depression triggered by credit issues should be resolved by embracing more and massive credit? Would not seem to be a solution to my mind. WHere was our govt when 750,000 o&g workers hit the streets March, 1986? We are equal but some are more equal than others? Reply to this
10/20/2009 11:31 PMPat wrote:
Another stimulus. Checked out Soros's role with the '08 meltdown? Soros along with government corruption led to the financial meltdown. How can one expect handing such people a money printing press will not breed more corruption and inflation? These people will destroy the American dollar in a desperate attempt to cover their collective butts.
Problem with government direction is ideas. The world is flat. Technology allows an investor (me) to go anywhere. Why should I invest in the US given rate of return will erode severely over the next two years. America is moving from the best place to conduct business in the world (1983 - 2005) to the worst at this time due to Obama's policies. From capital gains to marginal tax, regulations, and energy policy everything is backwards. In just two years of Democrat control of the House Senate and White House the annual size of government will double. ( Counting commitments once full cost of polices of cap and trade, and universal healthcare take effect)
Chu, Obama's energy CZAR who just stopped licensing progress for 14 new reactors with a simple demand to test containment building design against hurricane force winds. This is the best example of how stimulus thinking can screw up. Anyone with a whit of knowledge of containment building design knows its 10 foot re-enforced concrete walls, designed to take a direct hit by an airliner moving at 500 MPH can easily deal with 200 MPH wind with driving rain and debris. Childish ideology takes an otherwise reasonable person's thinking processes and tosses them. How can a "new economy" spawn out of people with such lack of vision who have a stranglehold on where national savings, and borrowed funds go?
The same with bureaucrats who control stimulus spending. A few thousand government employees who generally have limited, or theoretical business experience determine how resources are allocated. Millions opposed to a few thousands?
I left Canada, immigrating to the US in 2000 at 47 years old. (Nurse) Despite a 29 year working life in British Columbia Canada, its 52% top marginal income tax, 14% sales taxes, and 8.5% Canada Pension and Unemployment Insurance taxes on top of higher living expenses due to regulation (think diary prices there) I was only able to amass $28,500 Can. in savings over that period. Once in the US with similar work ethic I was able to amass considerable savings in 8 years even with the stock market drop.
In eight years I'm in position to invest but I face inflation caused by Obama's complete disregard for dollar stability, and inner city bred beliefs.
I sit on hands. Cut me loose!
Stimulus should be aimed to make millions of people like me consider inventing something (yes) and getting it to market, aka Bill Gates 1981.
Fair trade should set tariffs on imports based on how employees in the country of origin are paid. Spending power of wages there should be the same as in the US.
With the new stimulus package passing, how soon will we see job creation? It seem like a 12-14 months will pass before jobs will actually be created. Down the road yes, how does this help 2009? Don’t we need immediate job creation and company growth?
Keep up the good work. I’m learning a lot from you.
Reply to this
Yes, that is correct. A major portion of the package is intended to ease the pain of the recession for families, the unemployed and elderly through tax credits, deductions and aid like food stamps, health care etc.
Together with the TARP monies and the central bank injections such as guaranteed interbank lending and other just announced measures we are loopking already at up to 3 trillion dollar being committed and spent.
Geithner just announced that we might need more.
If the downward spiral cannot be broken the accummulation of debt, defaults, foreclosures, job cuts and lack of consumer spending will require more liquidity. Jobs will be created, for sure, but will it compe nsate the millions we have lost in the past decade and that are not going to be replaced because of the collapse of the housing market and the specific labor that that market required.
Targeting infrastructure, energy efficient industries, education and health care will help but is only marking the beginning of a new era.
My guess is that we need more and more money down the road.
Reply to this
I agree with you; have not read your book. Would like to do so. Well, does it make sense that a depression triggered by credit issues should be resolved by embracing more and massive credit? Would not seem to be a solution to my mind. WHere was our govt when 750,000 o&g workers hit the streets March, 1986? We are equal but some are more equal than others?
Reply to this
Another stimulus. Checked out Soros's role with the '08 meltdown? Soros along with government corruption led to the financial meltdown. How can one expect handing such people a money printing press will not breed more corruption and inflation? These people will destroy the American dollar in a desperate attempt to cover their collective butts.
Problem with government direction is ideas. The world is flat. Technology allows an investor (me) to go anywhere. Why should I invest in the US given rate of return will erode severely over the next two years. America is moving from the best place to conduct business in the world (1983 - 2005) to the worst at this time due to Obama's policies. From capital gains to marginal tax, regulations, and energy policy everything is backwards. In just two years of Democrat control of the House Senate and White House the annual size of government will double. ( Counting commitments once full cost of polices of cap and trade, and universal healthcare take effect)
Chu, Obama's energy CZAR who just stopped licensing progress for 14 new reactors with a simple demand to test containment building design against hurricane force winds. This is the best example of how stimulus thinking can screw up. Anyone with a whit of knowledge of containment building design knows its 10 foot re-enforced concrete walls, designed to take a direct hit by an airliner moving at 500 MPH can easily deal with 200 MPH wind with driving rain and debris. Childish ideology takes an otherwise reasonable person's thinking processes and tosses them. How can a "new economy" spawn out of people with such lack of vision who have a stranglehold on where national savings, and borrowed funds go?
The same with bureaucrats who control stimulus spending. A few thousand government employees who generally have limited, or theoretical business experience determine how resources are allocated. Millions opposed to a few thousands?
I left Canada, immigrating to the US in 2000 at 47 years old. (Nurse) Despite a 29 year working life in British Columbia Canada, its 52% top marginal income tax, 14% sales taxes, and 8.5% Canada Pension and Unemployment Insurance taxes on top of higher living expenses due to regulation (think diary prices there) I was only able to amass $28,500 Can. in savings over that period. Once in the US with similar work ethic I was able to amass considerable savings in 8 years even with the stock market drop.
In eight years I'm in position to invest but I face inflation caused by Obama's complete disregard for dollar stability, and inner city bred beliefs.
I sit on hands. Cut me loose!
Stimulus should be aimed to make millions of people like me consider inventing something (yes) and getting it to market, aka Bill Gates 1981.
Fair trade should set tariffs on imports based on how employees in the country of origin are paid.
Spending power of wages there should be the same as in the US.
Energy independence, duh.
Reply to this