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Metalworking (rec.crafts.metalworking) Discuss various aspects of working with metal, such as machining, welding, metal joining, screwing, casting, hardening/tempering, blacksmithing/forging, spinning and hammer work, sheet metal work. |
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#1
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The Obama Economy
"Cliff" wrote in message ... Leading indicators .... The DJIA hit 11,000. That's better than any day under bushco (see rethug economy disasters) and almost back in Clinton era numbers already (after only about a year). "U.S. corporate earnings should top forecasts again in the first quarter ..." "Standard & Poor's 500 companies' first-quarter profits are seen up 36.8 percent versus a year ago, which would be a second straight quarter of year-over-year profit growth," ""We're seeing stronger economic data than what we expected, and that should translate into a little bit better revenue growth."" "The S&P 500 now is up 76 percent from its March 2009... " The rethugs & wingers want to change all this .... remember what they did last time ... -- Cliff It's amazing what you can do when you steal enough money from the future generations! RogerN |
#2
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The Obama Economy
RogerN wrote:
"Cliff" wrote in message ... Leading indicators .... The DJIA hit 11,000. That's better than any day under bushco (see rethug economy disasters) and almost back in Clinton era numbers already (after only about a year). "U.S. corporate earnings should top forecasts again in the first quarter ..." "Standard & Poor's 500 companies' first-quarter profits are seen up 36.8 percent versus a year ago, which would be a second straight quarter of year-over-year profit growth," ""We're seeing stronger economic data than what we expected, and that should translate into a little bit better revenue growth."" "The S&P 500 now is up 76 percent from its March 2009... " The rethugs & wingers want to change all this .... remember what they did last time ... It's amazing what you can do when you steal enough money from the future generations! Yeah, isn't it? Bush stole $6 trillion dollars and amazed the hell out of the entire world. "Mission Accomplisherated" -- John R. Carroll |
#3
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The Obama Economy
"John R. Carroll" wrote:
It's amazing what you can do when you steal enough money from the future generations! Yeah, isn't it? Bush stole $6 trillion dollars and amazed the hell out of the entire world. "Mission Accomplisherated" Bush didn't steal. The House of Representatives is where spending comes out of iirc. Now how the bond holders got fleeced over GM, that is a true rip off. Wes |
#4
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The Obama Economy
"Wes" wrote in message ... "John R. Carroll" wrote: It's amazing what you can do when you steal enough money from the future generations! Yeah, isn't it? Bush stole $6 trillion dollars and amazed the hell out of the entire world. "Mission Accomplisherated" Bush didn't steal. The House of Representatives is where spending comes out of iirc. Now how the bond holders got fleeced over GM, that is a true rip off. Wes No...No...No...The "But-Bush" Libtard Neo-Socialist Douchebagger crowd has their pre-programmed mindset and will spout what their handlers at "Move-On, Kos, and Huffington TELL them to think! Don't confuse them with facts, just go along with what ever they say, they are as harmless as they are stupid. Just useful idiots for their masters. YEP!!!! ALL Bush's fault! |
#5
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The Obama Economy
"John R. Carroll" wrote:
Wes wrote: "John R. Carroll" wrote: It's amazing what you can do when you steal enough money from the future generations! Yeah, isn't it? Bush stole $6 trillion dollars and amazed the hell out of the entire world. "Mission Accomplisherated" Bush didn't steal. The House of Representatives is where spending comes out of iirc. But not on the budget Wes. A significant amount of the fresh debt came out of the Bush White House as supplemental spending authorizations. How does Congress defund troops in the field? As a practical matter they can't. GWB can't spend a sent that Congress doesn't authorize. As to defunding the troops, that is something few politicians want to touch. Now if they would just declare war and do it right in the first place, we wouldn't have this sort of problem. Now how the bond holders got fleeced over GM, that is a true rip off. I believe the Courts did that and those bonds wouldn't have been worth the paper they were written on. The appropriate value was nearly zero. What was screwed up was that the holders of GM and Chrysler Credit Default Swaps couldn't get paid off since they took new debt + stock. There was also a fair amount of just CDS's that didn't pay either. The true value is zero, same as the UAW contracts. Somehow the bondholders got a hair cut nad the union got their pay off. GM should have gone Chapter 7. I guess GM was too big to fail. Wes -- "Additionally as a security officer, I carry a gun to protect government officials but my life isn't worth protecting at home in their eyes." Dick Anthony Heller |
#6
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The Obama Economy
Wes wrote:
"John R. Carroll" wrote: It's amazing what you can do when you steal enough money from the future generations! Yeah, isn't it? Bush stole $6 trillion dollars and amazed the hell out of the entire world. "Mission Accomplisherated" Bush didn't steal. The House of Representatives is where spending comes out of iirc. But not on the budget Wes. A significant amount of the fresh debt came out of the Bush White House as supplemental spending authorizations. How does Congress defund troops in the field? As a practical matter they can't. Now how the bond holders got fleeced over GM, that is a true rip off. I believe the Courts did that and those bonds wouldn't have been worth the paper they were written on. The appropriate value was nearly zero. What was screwed up was that the holders of GM and Chrysler Credit Default Swaps couldn't get paid off since they took new debt + stock. There was also a fair amount of just CDS's that didn't pay either. -- John R. Carroll |
#7
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The Obama Economy
Wes wrote:
"John R. Carroll" wrote: Wes wrote: "John R. Carroll" wrote: It's amazing what you can do when you steal enough money from the future generations! Yeah, isn't it? Bush stole $6 trillion dollars and amazed the hell out of the entire world. "Mission Accomplisherated" Bush didn't steal. The House of Representatives is where spending comes out of iirc. But not on the budget Wes. A significant amount of the fresh debt came out of the Bush White House as supplemental spending authorizations. How does Congress defund troops in the field? As a practical matter they can't. GWB can't spend a sent that Congress doesn't authorize. As to defunding the troops, that is something few politicians want to touch. Now if they would just declare war and do it right in the first place, we wouldn't have this sort of problem. Now how the bond holders got fleeced over GM, that is a true rip off. I believe the Courts did that and those bonds wouldn't have been worth the paper they were written on. The appropriate value was nearly zero. What was screwed up was that the holders of GM and Chrysler Credit Default Swaps couldn't get paid off since they took new debt + stock. There was also a fair amount of just CDS's that didn't pay either. The true value is zero, Bond holders were entitled to the liquidation proceeds. -- John R. Carroll |
#8
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The Obama Economy
On 4/10/2010 4:25 PM, Wes wrote:
"John R. wrote: It's amazing what you can do when you steal enough money from the future generations! Yeah, isn't it? Bush stole $6 trillion dollars and amazed the hell out of the entire world. "Mission Accomplisherated" Bush didn't steal. The House of Representatives is where spending comes out of iirc. Now how the bond holders got fleeced over GM, that is a true rip off. Wes It could have been worse for them, you know. The government could have followed the advice of the republicans and just let GM go bankrupt. Then the bond holders would have lost everything. You think they would have preferred we did it that way? Or do you think they are going to be happier having GM be profitable very soon and them not losing their entire investment, and making some money as well? Sometimes a half a loaf is a lot better than nothing. Hawke |
#9
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The Obama Economy
On Apr 11, 6:13*pm, Hawke wrote:
It could have been worse for them, you know. The government could have followed the advice of the republicans and just let GM go bankrupt. Then the bond holders would have lost everything. You think they would have preferred we did it that way? Or do you think they are going to be happier having GM be profitable very soon and them not losing their entire investment, and making some money as well? Sometimes a half a loaf is a lot better than nothing. Hawke It does not work that way. The stockholders would have lost everything. The bond holders just like other creditors would have received their portion of the assets. Personally I do not think GM is going to be profitable. If I had GM stock, I would sell it. Dan |
#11
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The Obama Economy
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#12
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The Obama Economy
On Apr 12, 11:33*pm, Hawke wrote:
You're not much into investing are you? If you were you would have heard the president of GM saying just last week that he expected the company to go back to profitability in the next quarter. GM is turning around and will be a profitable company again. All it took was some backing from the government to keep it going long enough to come back. And you think that was a mistake? I don't think giving advice to the government on how to deal with financial problems is your line of work. You better stick with what you do now. Hawke Actually I have a lot of investments. I am retired and the income from my investments is more than my pension and Social Security combined. I would buy Ford before I bought GM or Chrysler. If I were looking to buy car companies right now, I would be looking at Toyota. They have better long term prospects than GM. Dan |
#13
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The Obama Economy
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#14
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The Obama Economy
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#16
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The Obama Economy
On Apr 14, 3:50*pm, Hawke wrote:
Dan, I would buy Ford before I bought GM too but the reason I brought it up is because of the announcement by GM last week that they would soon be returning to profitability. Can we agree that having a profitable GM once again is a better alternative than to have had them go bankrupt? If you can admit that then you have to agree the government did the right thing in helping them out. If you are paying attention to investing you have to be aware that things are improving all over the place. At some point credit for that is going to have to go to Obama's handling of the economy. Of course, there will be those who will not admit that no matter what. Hawke I agree that a profitable GM is better than having them go bankrupt. And if GM does become profitable and stay that way, the government did the right thing. And if GM does not become and stay profitable, the government did the wrong thing. I think we will know the answer in about three years. My preference is that they stay profitable. But I think it is too early to be sure what will happen. Dan |
#17
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The Obama Economy
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