User 265729

At Least 43,000 New Obamaconomy Workers Freed Up

Trader Mark:

I've always enjoyed you items on SA, but the "Obamaconomy" reference was a bit caustic. This problem, as I see it, has spanned both Democratic and Republican administrations and is the result of sweeping things under the rug so long that it finally bit us where "the sun don't shine."

Personally, I didn't vote for Obama, but I sure wish him all the luck in the world. He's going to need it.

At Least 43,000 New Obamaconomy Workers Freed Up

I actually think the numbers were much higher than you reported, but I'm not sure the time of day you posted this item (that's how bad things are getting).

I just want to make a couple of comments:

EMS: "Money spent on infrastructure is an investment." It depends... Why build highways? When oil shoots back up as id did this past summer the governments were not getting enough in taxes to maintain the highway system we have now. QUESTION: Is this the future? OR... Do we need to build a better mass transit system for both urban and rural areas. It seems to me that working on our current system is an answer for the 1950's, not today.

I really feel that they are going to be way off on the spread of unemployment -- it can be exponential since our economy is consumer-spending dependent. If realistically reported, unemployment could reach 20-30 percent by the end of this year. I know that sounds crazy, but I think it is possible.

Then... The unemployment reduces revenues and on and on it goes... Next we'll need to bailout every state, county, city and town in the United States. How is this going to work out?

Earnings Preview: Caterpillar

I read on Bloomberg that you want to cut-out the Buy American First as a part of Obama's new plan.

Here... Why don't we levae it in, then you can move from Peoria to China or Korea and get a bailout from them.

Bargain Buys For Patient Investors - Barron's

SmartStops:

Sometimes the smartest exit strategy is not to enter at all... Stop. Wait.

Beware the talking heads who are telling you to buy, buy, buy. You'll be buying into the BS bubble.

Caterpillar's Troubling Bond Issue

But this is the market... Why does everyone think that credit should be free so this country can binge on the future of generations to come? When money is tight it should become expensive no mater who/what you are. When there is an environment of increased risk money should be more expensive. They way it has always been

Our economy has contracted by $trillions over the past 18 months, but the banks and our government don't want to admit it or deal with the consequences. This why we are in the mess we are in and will be until the market comes clean -- not by playing a "shell game" with dept form the private to public sector.