Waiting for Obama's magic

Gerald · 09-08-11, 05:58 AM

It is President Obama's big speech on jobs tonight.

Big? Many commentators are convinced there will be nothing new in it.

The markets have discounted it. Congressional Republicans aren't waiting with bated breath. But it is a big deal for those who want to believe in Mr Obama.

I've been to Richmond, Virginia's state capital, to hear from a couple of people about what they expect.

Despite the recession, Jeff Neal's electronics business Commercial One has boomed. His electronics firm rewires homes and companies, and business is booming.

At the depth of the recession, he was down to one employee - himself. Now, he employs eight others and is hiring more.

His slogan is: "building a tradition of excellence one project at a time".

"The economy is not good, obviously, but this environment is going to promote true excellence." But he says certainty about work is important.

"I don't want to hire anybody today that I am going to lay off tomorrow."

He voted for Mr Obama in 2008 and thinks this is an important speech.

"He has had time to receive all the information and is about ready to make some decisions. It's been a long time coming; some say it's overdue. I'm waiting to see what he's got to say."

http://www.bbc.co.uk/news/world-us-canada-14831130

Note: 8 September 2011 Last updated at 05:19 GMT

Oberon · 09-08-11, 07:58 AM

Countdown to Yubba begins here.

AVGWarhawk · 09-08-11, 08:39 AM

In before the close!

mookiemookie · 09-08-11, 08:48 AM

Quote:

Originally Posted by Oberon

Countdown to Yubba begins here.

I fail to see how anyone can expect the president or congress to wave a magic wand and create jobs. Jobs are created by consumer demand. That's it and that's all. Not lower taxes on business, not the broken window fallacy of public works projects. Both sides are retarded at economics and are wasting time and money with these stupid proposals.

Gerald · 09-08-11, 10:28 AM

Obama's destiny speech,

Gargamel · 09-08-11, 10:35 AM

Well, According to Romney, it's simple, we just need a job machine to create jobs.

mookiemookie · 09-08-11, 10:36 AM

Gerald · 09-08-11, 10:38 AM

^

AVGWarhawk · 09-08-11, 10:42 AM

Quote:

Originally Posted by mookiemookie

I fail to see how anyone can expect the president or congress to wave a magic wand and create jobs. Jobs are created by consumer demand. That's it and that's all. Not lower taxes on business, not the broken window fallacy of public works projects. Both sides are retarded at economics and are wasting time and money with these stupid proposals.

Therefore the speech should be in a tone that generates consumer confidence. Feel good, etc. It worked for his election. I believe infrastructure needs to be addressed and will generate jobs in the construction industry. This in turn generates business for manufacturers of materials required to repair bridges and roads, etc. Fed money is already set aside for road repair for the states. I don't think the government can go much beyond this for job creation. I don't believe this is a fallacy. However, the fallacy lies in the years it will take for study and contract bidding. Let's face it, BRAC started in 2006. Only this year have actual BRAC closing and moving of bases has occurred. The government is just slow in many respects.

Jimbuna · 09-08-11, 10:42 AM

Quote:

Originally Posted by mookiemookie

That's simply classic Mark

Sailor Steve · 09-08-11, 12:10 PM

Quote:

Originally Posted by mookiemookie

I fail to see how anyone can expect the president or congress to wave a magic wand and create jobs. Jobs are created by consumer demand. That's it and that's all. Not lower

But I just read that the President is demanding that the GOP stop standing in the way and let Congress do exactly that. So apparently he expects it.

mookiemookie · 09-08-11, 12:26 PM

Quote:

Originally Posted by AVGWarhawk

Therefore the speech should be in a tone that generates consumer confidence. Feel good, etc. It worked for his election. I believe infrastructure needs to be addressed and will generate jobs in the construction industry. This in turn generates business for manufacturers of materials required to repair bridges and roads, etc. Fed money is already set aside for road repair for the states. I don't think the government can go much beyond this for job creation. I don't believe this is a fallacy. However, the fallacy lies in the years it will take for study and contract bidding. Let's face it, BRAC started in 2006. Only this year have actual BRAC closing and moving of bases has occurred. The government is just slow in many respects.

Basic infrastructure spending is fine and good, and with our crumbling roads and bridges and water systems, probably very sorely needed. But the fallacy of the broken window states that if I break a window, it's good because that means the window repairman is going to get work he wouldn't have gotten otherwise and economic activity has been created. It's a fallacy because the money used to pay the window repairman is being diverted from other more productive uses by the window owner, so nothing has truly been created. Spending taxpayer money to create public works projects for the sake of creating jobs and nothing else is a bad idea, and one that the Democrats seem to cling to.

Gerald · 09-08-11, 02:40 PM

Wizard of Oz, will soon close to your TV...

AVGWarhawk · 09-08-11, 02:51 PM

Quote:

Originally Posted by mookiemookie

Basic infrastructure spending is fine and good, and with our crumbling roads and bridges and water systems, probably very sorely needed. But the fallacy of the broken window states that if I break a window, it's good because that means the window repairman is going to get work he wouldn't have gotten otherwise and economic activity has been created. It's a fallacy because the money used to pay the window repairman is being diverted from other more productive uses by the window owner, so nothing has truly been created. Spending taxpayer money to create public works projects for the sake of creating jobs and nothing else is a bad idea, and one that the Democrats seem to cling to.

No one is creating public works projects. The problem of crumbling roads and bridges created themselves! There is no fallacy here. No one broke a window. The window is crumbling away on it's own. It can't go on being ignored. I think Obama is smart here in addressing the issues of infrastructure that is a problem in all states. In addressing the problem jobs will be created. In short, the tax payer flips the bill for infrastructure anyway. Roads and bridges are not getting repaired by themselves. These problems need to be addressed. Instead of blowing billions in other countries it is time to funnel the money into the US infrastructure. I'm all for this if Obama is looking to repair infrastructure.

09-08-11, 03:36 PM

I'm sure Obama will offer a nice speech that paints a Rosey picture.
Then Congress will ignore it all and carry on as normal.

Nothing will happen and we all go on as usual.

Even IF some kind of massive Construction thing is started?
Only the big Companies stand a chance of getting the contracts.
The Little Guys will be cut down faster then they are being cut down now.

So where's the Meat?
You have to have a big wallet now to know the answer.

09-08-11, 05:58 AM	#1
Gerald SUBSIM Newsman Join Date: May 2008 Location: Close to sea Posts: 24,254 Downloads: 553 Uploads: 0	Waiting for Obama's magic It is President Obama's big speech on jobs tonight. Big? Many commentators are convinced there will be nothing new in it. The markets have discounted it. Congressional Republicans aren't waiting with bated breath. But it is a big deal for those who want to believe in Mr Obama. I've been to Richmond, Virginia's state capital, to hear from a couple of people about what they expect. Despite the recession, Jeff Neal's electronics business Commercial One has boomed. His electronics firm rewires homes and companies, and business is booming. At the depth of the recession, he was down to one employee - himself. Now, he employs eight others and is hiring more. His slogan is: "building a tradition of excellence one project at a time". "The economy is not good, obviously, but this environment is going to promote true excellence." But he says certainty about work is important. "I don't want to hire anybody today that I am going to lay off tomorrow." He voted for Mr Obama in 2008 and thinks this is an important speech. "He has had time to receive all the information and is about ready to make some decisions. It's been a long time coming; some say it's overdue. I'm waiting to see what he's got to say." http://www.bbc.co.uk/news/world-us-canada-14831130 Note: 8 September 2011 Last updated at 05:19 GMT __________________ Nothing in life is to be feard,it is only to be understood. Marie Curie

09-08-11, 08:39 AM	#3
AVGWarhawk Lucky Jack Join Date: Jun 2005 Location: In a 1954 Buick. Posts: 28,255 Downloads: 90 Uploads: 0	In before the close! __________________ “You're painfully alive in a drugged and dying culture.” ― Richard Yates, Revolutionary Road

09-08-11, 10:28 AM	#5
Gerald SUBSIM Newsman Join Date: May 2008 Location: Close to sea Posts: 24,254 Downloads: 553 Uploads: 0	Obama's destiny speech, __________________ Nothing in life is to be feard,it is only to be understood. Marie Curie

09-08-11, 10:35 AM	#6
Gargamel Lucky Sailor Join Date: Oct 2010 Location: Rome Posts: 4,273 Downloads: 81 Uploads: 0	Well, According to Romney, it's simple, we just need a job machine to create jobs. __________________ Luck is a residue of Design.

09-08-11, 10:36 AM	#7
mookiemookie Navy Seal Join Date: Nov 2005 Location: Houston, TX Posts: 9,404 Downloads: 105 Uploads: 1	__________________ They don’t think it be like it is, but it do. Want more U-boat Kaleun portraits for your SH3 Commander Profiles? Download the SH3 Commander Portrait Pack here.

09-08-11, 07:58 AM	#2
Oberon Lucky Jack Join Date: Jul 2002 Posts: 25,976 Downloads: 61 Uploads: 20	Countdown to Yubba begins here.

09-08-11, 10:38 AM	#8
Gerald SUBSIM Newsman Join Date: May 2008 Location: Close to sea Posts: 24,254 Downloads: 553 Uploads: 0	^ __________________ Nothing in life is to be feard,it is only to be understood. Marie Curie

09-08-11, 02:40 PM	#13
Gerald SUBSIM Newsman Join Date: May 2008 Location: Close to sea Posts: 24,254 Downloads: 553 Uploads: 0	Wizard of Oz, will soon close to your TV... __________________ Nothing in life is to be feard,it is only to be understood. Marie Curie

09-08-11, 03:36 PM	#15
Madox58 Stowaway Posts: n/a Downloads: Uploads:	I'm sure Obama will offer a nice speech that paints a Rosey picture. Then Congress will ignore it all and carry on as normal. Nothing will happen and we all go on as usual. Even IF some kind of massive Construction thing is started? Only the big Companies stand a chance of getting the contracts. The Little Guys will be cut down faster then they are being cut down now. So where's the Meat? You have to have a big wallet now to know the answer.