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#3981 of 4024 Re: Just some things to think about. [Vinnmar]
Nov 07, 2011 (12:05 pm)
>Remember it was two terms of Bush that put us in this down turn
Whoa. You may have your opinion, but there are other opinions. I suggest that you take a look at the mortgage giveaways starting in the Clintonista era with janet reno threatening the mortgage companies if they didn't give everyone a mortgage just for breathing, even if they didn't have a job above minimum wage that they were likely to have 30 years from then. And you can transfer the push right through Maxine Waters yelling when Bush tried to cut back on the mortgage giveawat from Freddy and Fannie (at our expense as taxpayers) in 2005/2006, Barney Frank, Dodd, etc.
>No president can get any thing done with the current congress
Again, obama wants to use more public money for public jobs that go to unions that will give him support, donations, and financial aid from the big wigs. Printing more money on top of the $1,000,000,000,000 already spent on a mostly public jobs stimulus bill will only worsen the position of the US dollar to other currencies. That's a factor in the pricing of oil for our markets because of the low dollar value. So let's just print a few hundred billion more dollars to spend and to use to buy our own debt to keep the interest rates artificially low? Congress (Senate dems wouldn't even pass stuff) keeps the sanity in this administration.
Obama had congress of democrats for 2 years. Look at what got rammer through. Democrats were in control Bush's last two years? Did they fix anything?
This discussion probably belongs in
Forget Bushisms, Biden Gaffes, We have Obama blunders
#3982 of 4024 Re: Just some things to think about. [lemko]
Nov 07, 2011 (1:16 pm)
I couldn't agree with you more...well, except maybe for Ancient Babylonian Theater. The want ads are crammed full of ads for people with knowledge about that. Problem is, you'd also need to be fluent in Arabic and be willing to relocate, since ancient Babylon is now Iraq.
#3983 of 4024 Re: Just some things to think about. [imidazol97]
Nov 07, 2011 (5:14 pm)
A lot of different people have their hands on this economic mess. If I had to point to one in particular I'd go with Alan Greenspan and his artifically low interest rates (under both parties I might add). It does seem odd though that both president Bush's presided over real estate debacles (remember the S&L crisis?).
#3984 of 4024 Re: Just some things to think about. [berri]
Nov 07, 2011 (7:05 pm)
Oh, yeah. Real estate really tanked in 1987 and kept heading south for quite some time.
#3985 of 4024 Re: Just some things to think about. [fezo]
Nov 08, 2011 (6:52 am)
That would've been the perfect time to buy.
#3986 of 4024 Re: Just some things to think about. [lemko]
Nov 08, 2011 (9:35 pm)
We bought in 93 and the market was still low. Even with the current mess we're still at least OK.
#3988 of 4024 Re: dusting this one off [gagrice]
Nov 18, 2011 (4:19 am)
And something that's kept pretty quiet is - GM doesn't have to pay income tax on its first $45B in profit. So they won't be paying any tax until around 2016 - 2020. If they survive that long. Oh yes, I forgot we can't let GM fail and be replaced. We HAVE to have that GM symbol until Infinity and beyond!
God forbid that I couldn't buy a Chevy Impala or Cadillac Escalade.
#3989 of 4024 Re: dusting this one off [kernick]
by Stever@Edmunds HOST
Nov 18, 2011 (5:38 am)
In related news, there's a Muted Launch For Delphi IPO. (AutoObserver)
"Delphi emerged from a lengthy bankruptcy in 2009, but is drastically downsized from its status as one of the world’s largest automotive suppliers following its spin-off from former owner General Motors Corp. The company once made scores of different components, from complex to trivial, but product lines have been cut by nearly 75 percent and its previous North American orientation, reflected in its origins in GM’s in-house parts-making operations, has been reversed – now more than 90 percent of its workforce is located elsewhere and most of its North American product lines are served by production in Mexico."
Not positive but I think some of Delphi workers just got Pension Benefit Guaranty Corporation benefits when the company went bankrupt, and Delphi wasn't in on the overall auto bailout.
#3990 of 4024 industry-wide rehiring
by Stever@Edmunds HOST
Dec 01, 2011 (6:49 am)
"Detroit-based automakers will hire more than 30,000 new workers in the next four years, reversing years of declining employment in the ranks of Ford Motor Co., General Motors Co. and the Chrysler Group LLC, said Kristin Dziczek, director of the labor group for the Michigan-based Center for Automotive Research."
Detroit Three Automakers To Hire Thousands In Coming Years (AutoObserver)