Falling dollar.. Good or bad?

ImWithStupid

ImWithStupid

New member
On the economy...

Job Creators Prefer McCain 4-To-1 Over Obama
Last update: 12:06 p.m. EDT Oct. 8, 2008

NEW YORK, Oct 08, 2008 /PRNewswire via COMTEX/ -- Over 70 percent of CEOs fear an Obama presidency will be a disaster

Chief Executive magazine's most recent polling of 751 CEOs shows that GOP presidential candidate John McCain is the preferred choice for CEOs. According to the poll, which is featured on the cover of Chief Executive's most recent issue, by a four-to-one margin, CEOs support Senator John McCain over Senator Barack Obama. Moreover, 74 percent of the executives say they fear that an Obama presidency would be disastrous for the country.

"The stakes for this presidential election are higher than they've ever been in recent memory," said Edward M. Kopko, CEO and Publisher of Chief Executive magazine. "We've been experiencing consecutive job losses for nine months now. There's no doubt that reviving the job market will be a top priority for the incoming president. And job creating CEOs repeatedly tell us that McCain's policies are far more conducive to a more positive employment environment than Obama's."

For several months during this presidential election year, Chief Executive has conducted specialized polling of CEOs' attitudes on issues affecting national policy and the economy. During this period CEOs were first asked what policies and approaches would work best for business, energy policy and job creation. Subsequently, they were asked which presidential candidate's policies were best aligned with these prescriptions for growth.

Even though CEOs rated McCain's policies over Obama's in the most recent polling, their support came with reservations, as can be witnessed by the B- grade given to McCain's overall policies. McCain received strong marks for defense and foreign policy but only a C+ on energy, environment and education. Conversely, Barack Obama's overall plan received a barely passing C- with four out of eight policy areas receiving D grades. Neither candidate received an A.

"I'm not terribly excited about McCain being president, but I'm sure that Obama, if elected, will have a negative impact on business and the economy," said one CEO voicing his lack of enthusiasm for either candidate, but particularly Obama.

In expressing their rejection of Senator Obama, some CEOs who responded to the survey went as far as to say that "some of his programs would bankrupt the country within three years, if implemented." In fact, the poll highlights that Obama's tax policies, which scored the lowest grade in the poll, are particularly unpopular among CEOs.

"Overall, many CEOs are concerned about the future of the U.S. economy and its ability to compete in the global market, but they look to John McCain and hope that this self-described political maverick may yet shake up established thinking and not give into to the tired policies of the past," concluded Kopko.
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Job Creators Prefer McCain 4-To-1 Over Obama - MarketWatch

Even though it's fashionable for the Dems to villify CEO's, not all of them are greedy people who want to hurt Americans. Their advice on the economy is valid.

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W

wez

New member
The "free market" givith and taketh away... youch.

Ya know what sucks, there's a lot of banks who practiced good business, who don't need/want to be bailed out, and are now going to be punished for this as crooks and commies get rewarded by handouts from the very people they stole from and f cked over.. what the **** has become of us?

Sad time to be an American...

 
ImWithStupid

ImWithStupid

New member
The "free market" givith and taketh away... youch.

Ya know what sucks, there's a lot of banks who practiced good business, who don't need/want to be bailed out, and are now going to be punished for this as crooks and commies get rewarded by handouts from the very people they stole from and f cked over.. what the **** has become of us?

Sad time to be an American...
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It's a horrible time in US history when the Secretary of the Treasury can tell a private business that you either let us buy into your bank and have our hands up your *** like a ventriloquist dummy or you can go it your own and we won't help you.

This is Corpratism/Socialism at it's finest.

Hank Paulson is now pretty much a financial Dictator.

 
W

wez

New member
It's a horrible time in US history when the Secretary of the Treasury can tell a private business that you either let us buy into your bank and have our hands up your *** like a ventriloquist dummy or you can go it your own and we won't help you.
This is Corpratism/Socialism at it's finest.

Hank Paulson is now pretty much a financial Dictator.
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No sh t... be an honest, responsible banker and watch the guv take control, or else. This **** aint by accident.. I know it with every ounce of my being.. Might as well just vote TJ for pres/***..

 
eddo

eddo

New member
It's a horrible time in US history when the Secretary of the Treasury can tell a private business that you either let us buy into your bank and have our hands up your *** like a ventriloquist dummy or you can go it your own and we won't help you.
This is Corpratism/Socialism at it's finest.

Hank Paulson is now pretty much a financial Dictator.
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I am amazed that it has gotten this far, this quick. Just wait til Senator Government gets in office. Then we'll see some good ole fashioned socialism at it's finest...

 
W

wez

New member
Hearing lots of talk of banks being strong armed.. or else.. who want nothing to do with any of this ****.. Least the fallacy of our "free market" is finally coming into clear view for anyone with half a brain.. As bad as it is, and will get, it is the beginning of it's undoing..

What sucks is the ugliness will last well beyond everyones life who is around right now.. woe is us.. shoulda stayed awake. Got no one to blame but ourselves.. Give an inch to control freaks, they'll take a mile.

 
W

wez

New member
Ya know, prolly aint to far off on that cartoon there.. Prolly wont just be Mexicans moving back over.. :D

Wont have to worry about cold weather in the winter sleeping under the stars..

Hmmmmmm... Jesse V already made the move.. Smart man.

 
Old Salt

Old Salt

New member
Dollar's on it's way back up. :D

That's actually bad for me right now. If I sell either of my apartments in Turkey, I'll take a loss, dollar-wise. :(

 
W

wez

New member
Dollar's on it's way back up. :D
That's actually bad for me right now. If I sell either of my apartments in Turkey, I'll take a loss, dollar-wise. :(
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That sucks...

Damned if ya do, damned if ya don't ~ Some ****** genius

I'm liking the dollar rise.. It's all I own for the most part..Good ol' cashola. :D

Go dollar!

 
Old Salt

Old Salt

New member
I'm not there right now. Been back for a while but the wife wants to go back for a bit (she's getting homesick).
 
Old Salt

Old Salt

New member
Hows the housing prices been holdin' up over there , Salt?
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Sorry, previous post didn't really answer your question. Housing prices in Turkey seem to be rising right now. One of our neighbors just bought an apartment. I guess it'll take some time for the recession (and there is a recession) to have an impact.
 
W

wez

New member
Sorry, previous post didn't really answer your question. Housing prices in Turkey seem to be rising right now. One of our neighbors just bought an apartment. I guess it'll take some time for the recession (and there is a recession) to have an impact.
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That's good at least.. Prolly one of the few places in the world right now.. Sounds like its **** all over.

 
Old Salt

Old Salt

New member
There's a pretty big underground economy in Turkey. And, if things get bad, they still know how to barter goods and services.
 
Old Salt

Old Salt

New member
And now the House wants to fiddle with 401K's. Some people say the Dems want to abolish them. Some say the Dems want to turn them into an entity like Social Security.
 
W

wez

New member
And now the House wants to fiddle with 401K's. Some people say the Dems want to abolish them. Some say the Dems want to turn them into an entity like Social Security.
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Prolly worried what folks might do when they find out they're near worthless in 5 - 10 years when a crapload of baby boomers wanna cash out.

 
ImWithStupid

ImWithStupid

New member
It's not that the 401k's will be worthless, as they are investments, I believe the Dems in Congress want to take that money to use for paying out the social security benefits they owe the boomers, but over the years have robbed that money and even if they hadn't, when the boomers start retireing enmasse, there will be more money going out than in. Some say as early as 2018.
 
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