anyone going to the inauguration?

darthtang aw

darthtang aw

Active Member
Regarding your comments towards me on the economy. I don't expect a quick turn around. In fact I have prepared myself to ride this out over four years. I had started cutting costs back when everyone else should have been. Because I saw the downturn coming. The market will take a long time, this I know. Yet I believe it will take even longer with many of the proposals Obama is making, mainly because his plans involve taxing those that create jobs more, bailing out corporations that have failed showing them there are no consequences for poor decisions (Bush is at fault for this as well).
However, if you leave things alone, they will straighten out. You mentioned the Great depression. You do realize it took us entering the war to get out of that. All policy initiatives enacted by congress and the president didn't help, and at the time cost us huge amounts of money with no results. The minute companies had a product to produce (tanks, planes and such) then the populace went back to work and our economy boomed. Boomed so much other countries started buying from us. Almost 12 years of government involvement and then boom, a war is what ended the depression, go figure. The people with money had a buyer for a product of theirs so the employeed more people thus stimulating the economy.
Now fast forward and Obama is proposing the same things done back in the late 20's. It didn't work then, so why should it work now.
Buy the way I am still waiting for this plethora of pictures that contain dirt floor housing here in the states.
P.S. I didn't vote for McCain either because that bag of wrinkles didn't understand balanced budget either and was talking some goofy stuff.
 
1journeyman

1journeyman

Active Member
Originally Posted by bionicarm
http:///forum/post/2930392
Here's me putting my forefinger and thumb together, moving them back and forth, playing "My Heart Bleeds For You". WAAAAH. YES, I'M THE EVIL CONTRACTOR! BWAHAHAHAHAH! Isn't the American Way great?...
Some of still believe so, yes...
You're the one that keeps talking trash about Contractors. I'm just keeping the truth about your roll in all of this in the light of the conversation.
 
bionicarm

bionicarm

Active Member
Originally Posted by Darthtang AW
http:///forum/post/2930517
Now we are insulting each other. Nice, you are a class act...very "big" of you to insult someone from behind a monitor. But if that makes you feel better, please continue to do so. Now as for understanding economics, I think I have a pretty good grasp of it, considering I own my own business and have seen a 20% profit increase each year. Also considering the state of the economy and managing to continue the same increase each month must mean I understand something about economics.
I also find it very amusing that you criticize Journey for actually being over there as a contractor, while you on the other hand are sitting in a nice cushy chair. Meanwhile, complaining about the very situation that allows you to make a boat load of money off of the back of another employee in the "hot zone". At least Journey put his money where his mouth is. You on the other hand risk nothing. Hypocrite much?
You say you understand economics, and you have this great profitable business, yet you can't comprehend that it can take years to turn around a recession period? don't understand that logic. 20% increase each year? Congratulations. Why don't you clue in the rest of the country about your magical company? With major businesses dropping like flys, I'm sure they'd love to know how you do it.
Nice cushy chair. Riiight. I don't need to go over there when I have plenty of young bucks like you that want the adventure, the money, and the perks. If I was 20 years younger, I'd probably say what the heck and go over. What I do and who I send over there is what makes my business successful. You're just jealous you didn't think of it first.
 
bionicarm

bionicarm

Active Member
Originally Posted by 1journeyman
http:///forum/post/2930667
Some of still believe so, yes...
You're the one that keeps talking trash about Contractors. I'm just keeping the truth about your roll in all of this in the light of the conversation.
More words of wisdom from Mr. History....
 
bionicarm

bionicarm

Active Member
Originally Posted by stdreb27
http:///forum/post/2930603

Hey stdreb, run over to the 5th and take a few pictures for Darth. Just look for the crack houses with the Cadillac or Hummer out front, and the satellite dish on the roof. They don't waste their money putting floors in.
 
bionicarm

bionicarm

Active Member
Originally Posted by Darthtang AW
http:///forum/post/2930560
Regarding your comments towards me on the economy. I don't expect a quick turn around. In fact I have prepared myself to ride this out over four years. I had started cutting costs back when everyone else should have been. Because I saw the downturn coming. The market will take a long time, this I know. Yet I believe it will take even longer with many of the proposals Obama is making, mainly because his plans involve taxing those that create jobs more, bailing out corporations that have failed showing them there are no consequences for poor decisions (Bush is at fault for this as well).
However, if you leave things alone, they will straighten out. You mentioned the Great depression. You do realize it took us entering the war to get out of that. All policy initiatives enacted by congress and the president didn't help, and at the time cost us huge amounts of money with no results. The minute companies had a product to produce (tanks, planes and such) then the populace went back to work and our economy boomed. Boomed so much other countries started buying from us. Almost 12 years of government involvement and then boom, a war is what ended the depression, go figure. The people with money had a buyer for a product of theirs so the employeed more people thus stimulating the economy.
Now fast forward and Obama is proposing the same things done back in the late 20's. It didn't work then, so why should it work now.
Buy the way I am still waiting for this plethora of pictures that contain dirt floor housing here in the states.
P.S. I didn't vote for McCain either because that bag of wrinkles didn't understand balanced budget either and was talking some goofy stuff.
Now Darth, that was an intelligent and well thought out response. Congartulations. You win a cookie.
Although, I am confused when I said it would be at least 2010 before anything turned around, you complained that was too long. So now four years is OK with you?
Apparently your war theory doesn't wash. If that were the case, we'd be rolling in the bucks and all kinds of jobs since we've been in that wonderous war over in Iraq for the last 7 years..
 
stdreb27

stdreb27

Active Member
Originally Posted by bionicarm
http:///forum/post/2930695
Hey stdreb, run over to the 5th and take a few pictures for Darth. Just look for the crack houses with the Cadillac or Hummer out front, and the satellite dish on the roof. They don't waste their money putting floors in.

lol, they've probably all been seized in drug raids...
 
stdreb27

stdreb27

Active Member
Originally Posted by bionicarm
http:///forum/post/2930689
You say you understand economics, and you have this great profitable business, yet you can't comprehend that it can take years to turn around a recession period? don't understand that logic. 20% increase each year? Congratulations. Why don't you clue in the rest of the country about your magical company? With major businesses dropping like flys, I'm sure they'd love to know how you do it.
Nice cushy chair. Riiight. I don't need to go over there when I have plenty of young bucks like you that want the adventure, the money, and the perks. If I was 20 years younger, I'd probably say what the heck and go over. What I do and who I send over there is what makes my business successful. You're just jealous you didn't think of it first.
It took around 2 years for numbers to turn around after Reagan started doing things right... When we had real problems in the economy
FDR on the other hand, never got it turned around in 10 years...
Obama chose FDR. 2 years isn't going to do anything...
 
darthtang aw

darthtang aw

Active Member
Originally Posted by bionicarm
http:///forum/post/2930699
Although, I am confused when I said it would be at least 2010 before anything turned around, you complained that was too long. So now four years is OK with you?
Show me where I said it was to long. What I said was the stock market has continued to drop. A good amount of the stock market is influenced by feelings. I just said basically with Obama's proposals the stock market is continuing to drop. Which tells me those that invest are not feeling to good about Obama's proposals.
I have in the past used sarcasm (guess you didn't pick up on that), to comment how the obamites said everything would be better once Obama got in office.
 
bionicarm

bionicarm

Active Member
Originally Posted by Darthtang AW
http:///forum/post/2930950
Show me where I said it was to long. What I said was the stock market has continued to drop. A good amount of the stock market is influenced by feelings. I just said basically with Obama's proposals the stock market is continuing to drop. Which tells me those that invest are not feeling to good about Obama's proposals.
I have in the past used sarcasm (guess you didn't pick up on that), to comment how the obamites said everything would be better once Obama got in office.
The experts are predicting the low-water mark for the DOW will be around 7800. The market has actually turned positive this week, with the DOW gaining 40 - 80 points each day. Will it continue the upwards creep? Who knows. Depends how people take major businesses quarterly reports, how investors will react to Obama's latest 'stimulus scheme', and negative reaction to more companies announcing layoffs. Too many investors are playing the Short game, hoping to pick up some of the losses they incurred at the tail end of 2008. I don't think our economy can be fully gauged by depending on what the stock market is doing. That's what started the fears during the Great Depression. It's getting consumers buying again, and businesses producing their wares is where we need to be concentrating our efforts. Do that, and the stock market will work itself out.
 
darthtang aw

darthtang aw

Active Member
Originally Posted by bionicarm
http:///forum/post/2931146
The experts are predicting the low-water mark for the DOW will be around 7800. The market has actually turned positive this week, with the DOW gaining 40 - 80 points each day. Will it continue the upwards creep? Who knows. Depends how people take major businesses quarterly reports, how investors will react to Obama's latest 'stimulus scheme', and negative reaction to more companies announcing layoffs. Too many investors are playing the Short game, hoping to pick up some of the losses they incurred at the tail end of 2008. I don't think our economy can be fully gauged by depending on what the stock market is doing. That's what started the fears during the Great Depression. It's getting consumers buying again, and businesses producing their wares is where we need to be concentrating our efforts. Do that, and the stock market will work itself out.
I agree, but it is a catch 22, there is large percentage of the population that won't spend on other than required items until the stock market climbs back up as it will calm their personal job fears....
 
reefraff

reefraff

Active Member
Originally Posted by bionicarm
http:///forum/post/2931146
The experts are predicting the low-water mark for the DOW will be around 7800. The market has actually turned positive this week, with the DOW gaining 40 - 80 points each day. Will it continue the upwards creep? Who knows. Depends how people take major businesses quarterly reports, how investors will react to Obama's latest 'stimulus scheme', and negative reaction to more companies announcing layoffs. Too many investors are playing the Short game, hoping to pick up some of the losses they incurred at the tail end of 2008. I don't think our economy can be fully gauged by depending on what the stock market is doing. That's what started the fears during the Great Depression. It's getting consumers buying again, and businesses producing their wares is where we need to be concentrating our efforts. Do that, and the stock market will work itself out.
You have to look at a number of things including the number of companies laying people off. Even with Circuit city going belly up Bestbuy just announced a layoff, not a good sign. I'm betting the market is going to bounce in the range it's in for a while, about time to go short for a while I think
 
darthtang aw

darthtang aw

Active Member
Originally Posted by reefraff
http:///forum/post/2931506
Even with Circuit city going belly up Bestbuy just announced a layoff, not a good sign.

Actually I see several other reasons for Best Buy laying people off. Not the lack of spending.
1. For the next few months Circuit city will be steadily lowering their prices, thus the consumer will go to them over best buy for a little bit. Regardless.
2. Best buy is preparing for this shortfall in the coming months due to Circuit city liquidating.
3. After Circuit city finally closes their doors, best buy will be the main game in town. Thus with people having less choices best buy won't need as many sales people to try to grab your business, as for the most part the have that specific market cornered, therefore why have a lot of sales people on the floor when you no longer have to out sell circuit city.
 
stdreb27

stdreb27

Active Member
Originally Posted by reefraff
http:///forum/post/2931506
You have to look at a number of things including the number of companies laying people off. Even with Circuit city going belly up Bestbuy just announced a layoff, not a good sign. I'm betting the market is going to bounce in the range it's in for a while, about time to go short for a while I think

Circuit city has been up a creek for YEARS. They've bought back stock, gone private, they just couldn't compete with other big box retailers. Radio Shack is next. But I think they are a few years down the road.
 
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