Go economy! - Page 6 - Subaru Enthusiasts Car Club of the Sierras

AtomicLabMonkey · 2008-10-01, 09:41 AM

I heard Newt Gingrich interviewed on NPR about it, and he said basically the same thing. He thought this bailout was a terrible idea, a massive burden on taxpayers, and the administration is trying to ram it through as quickly as possible before the public really grows aware of what's happening and puts a halt to it. I don't agree with Mr. Gingrich very often, but I can respect him more than most republican jackholes in office right now since he at least seems like more of an old-school, small govt. conservative.

Nick Koan · 2008-10-01, 09:57 AM

You know, the neocons really make me appreciate the old-school small govt. conservatives.

At least they had a consistent message.

sperry · 2008-10-01, 10:02 AM

Quote:

Originally Posted by Nick Koan

You know, the neocons really make me appreciate the old-school small govt. conservatives.

At least they had a consistent message.

That's what always makes me laugh about Ron Paul. Dude would always get ants-in-the-pants over not being "conservative enough" to get the Republican nomination, when he's the only one that's actually conservative according to the party's origins.

These days, the Republicans are only conservative in terms of religious/moral issues... not conservative at all with regards to the economy, spending, wars, oil, etc.

WRX06TR · 2008-10-01, 06:59 PM

Bill has been passed...through the senate...lol didn't read carefully enough...

http://www.nytimes.com/2008/10/02/bu...nted=1&_r=1&hp

Dean · 2008-10-01, 07:19 PM

The new bill rocks...

"Also included were more obscure terms extending tax breaks for motor-sports racing tracks, makers of wooden arrows for children, and the rum excise tax for Puerto Rico and the Virgin Islands."

Get drunk at the track and put your eye out...

sperry · 2008-10-07, 12:11 PM

Good to see that the bailout has stopped the bleeding on Wall St.

tysonK · 2008-10-07, 02:27 PM

It's a Rescue Plan damn it! Not Bailout!

BOO · 2008-10-07, 03:20 PM

AIG Executives Blow $440,000 After Getting Bailout

http://www.foxbusiness.com/story/mar...tting-bailout/

Lovely!!!

100_Percent_Juice · 2008-10-07, 04:43 PM

Quote:

Originally Posted by BOO

AIG Executives Blow $440,000 After Getting Bailout

http://www.foxbusiness.com/story/mar...tting-bailout/

Lovely!!!

I am surprised that happened.

sperry · 2008-10-09, 01:26 PM

Quote:

Originally Posted by sperry

Good to see that the bailout has stopped the bleeding on Wall St.

Dean · 2008-10-09, 01:37 PM

We have effectively "crashed", it just took us a few days to do it...

sperry · 2008-10-09, 01:55 PM

Quote:

Originally Posted by Dean

We have effectively "crashed", it just took us a few days to do it...

I think we could have done it just as well without spending $850B on a "bailout" too.

Dean · 2008-10-09, 02:00 PM

That is part of the problem... The fed wasn't ready to act the day that was signed. Until they stop talking and start acting, we will continue to drop...

If they had had the first auction minutes after the bill was signed or any time in the first 24 hours or so, we would not be here...

The more they wait, the worse it gets. It is so bad, I applied for 4 more jobs today at quite a bit lower position than I would like.

ScottyS · 2008-10-09, 02:30 PM

Definitely makes me think about future research grants.

Dean · 2008-10-09, 02:41 PM

OMG, the president is going to reassure us again tomorrow AM... Say hello to another down 500 day...

van · 2008-10-09, 03:33 PM

Any guess as to where the bottom is?

ScottyS · 2008-10-09, 03:39 PM

Quote:

Originally Posted by van

Any guess as to where the bottom is?

Yep, when our real-world productivity is matched, and then a little farther.

Dean · 2008-10-09, 04:05 PM

The market bottom will be well before the economy does. Possibly by as much as 6 months. For the most part, it is a forward looking indicator when it is not reacting.

There is an absolute ton of cash on the sidelines waiting for a sign to move back in...

If the fed starts clearing trades which eliminates the counter party risk, that may well be it.

Is is not likely to be a "V" bottom, though there may well be a a 1000+ point 1 or more day rally near the bottom. It is far more likely to be a "U" where confidence slowly builds and money comes in, but those who are in early take profits on the way up.

If it doesn't happen in the next 2 weeks, maybe 30 days, it may not happen for 12 months as confidence will be at zero and will likely stay there for some time no matter what actions are taken.

I know that isn't an answer, but if I knew the answer, I would be making a fortune and not looking for a job...

Kevin M · 2008-10-09, 08:52 PM

Yeah, I really wish I had a more sizable nest to throw at the fantastic long-term outlook that almost every form of investing has right now. I've got short term issues, like how I'm going to buy a house anytime soon with the mortgage industry so whacked, but long term investments can't help but grow... unless world economic war/apocalypse is coming. Then renting won't seem so lame.

sti deede · 2008-11-11, 11:52 AM

So the current economy is starting to take its toll on our business. 2 people were laid off from our office. The company laid of 15 or so people, mostly administration and support staff. They said they were preparing for a slow down/decrease in our profits toward the end of the year. I made it through round 1. I have heard that the company may be revisiting the subject again in January.

I hope all the work from the passed k-12 and high education bonds kicks in soon. I guess we have to wait for the bonds to fund first.

This is too close for comfort I know way too many people who have have been laid off or who are forced to work in lower positions to make ends meet.

Good luck everyone!

Nick Koan · 2008-11-11, 12:09 PM

We find out Thursday about who is going to be part of our company's "Involuntary Separation Program"

ScottyS · 2008-11-11, 12:57 PM

Quote:

Originally Posted by Nick Koan

We find out Thursday about who is going to be part of our company's "Involuntary Separation Program"

The committees that sit around and approve names like that would be a great place to start.

sti deede · 2008-11-11, 02:11 PM

Quote:

Originally Posted by Nick Koan

We find out Thursday about who is going to be part of our company's "Involuntary Separation Program"

Oh no. Has IGT laid off anyone yet? I imagine the production of slots is way down right now. That's no good for Reno or you guys for that matter. They provide a lot of jobs for Reno area.

So scary. I'm looking at other options just in case. It's a good time to polish the resume and learn as much as possible in case the worse happens.... again.

sperry · 2008-11-11, 02:31 PM

Quote:

Originally Posted by sti deede

Oh no. Has IGT laid off anyone yet? I imagine the production of slots is way down right now. That's no good for Reno or you guys for that matter. They provide a lot of jobs for Reno area.

So scary. I'm looking at other options just in case. It's a good time to polish the resume and learn as much as possible in case the worse happens.... again.

We're expecting "100's" of engineering jobs to be lost. I don't know how bad it's going to be for production. The last number I heard was a reduction of 13% of the payroll costs.

sti deede · 2008-11-11, 03:17 PM

Oh man. Eek. I thought my stomach was in knots; I can't even imagine what you guys are going through. I hope everyone comes out on top and the market turns around quickly for your industry.

I'm seriously thinking of rushing through the remodel on our place, in hopes that if something happens we can get someone in to rent it. We managed to score a good deal on the place and the mortgage is below going rent so we have a little wiggle room. Unfortunately many do not have this luxury.

Suddenly life is more serious. Boo.

2008-10-01, 09:41 AM	#126
AtomicLabMonkey Nightwalker Real Name: Austin Join Date: Dec 2002 Location: Oshkosh, WI Posts: 4,063 Car: '13 WRX YGBSM	I heard Newt Gingrich interviewed on NPR about it, and he said basically the same thing. He thought this bailout was a terrible idea, a massive burden on taxpayers, and the administration is trying to ram it through as quickly as possible before the public really grows aware of what's happening and puts a halt to it. I don't agree with Mr. Gingrich very often, but I can respect him more than most republican jackholes in office right now since he at least seems like more of an old-school, small govt. conservative. __________________ "None of you seem to understand. I'm not locked in here with you.. you're locked in here with me."

2008-10-01, 09:57 AM	#127
Nick Koan JDM Cowboy Real Name: Nick Join Date: Oct 2003 Location: Somewhere Posts: 8,642 Car: 2015 Mazda 3	You know, the neocons really make me appreciate the old-school small govt. conservatives. At least they had a consistent message. __________________ While a standard engine is powered by a belt connected to the crankshaft, a turbo engine runs on its own exhaust steam, making it more energy efficient. -- CNN

2008-10-01, 06:59 PM	#129
WRX06TR EJ251 Real Name: Nick P Join Date: Dec 2006 Location: Reno Posts: 881 Car: 2005 STi Class: MadtyteTunerBro! Back to the studio!	Bill has been passed...through the senate...lol didn't read carefully enough... http://www.nytimes.com/2008/10/02/bu...nted=1&_r=1&hp Last edited by WRX06TR; 2008-10-01 at 07:06 PM.

2008-10-01, 07:19 PM	#130
Dean Señor Cheap Bastarde Real Name: Dean Join Date: May 2003 Location: $99 Tire Store Posts: 9,294 Car: $.04 STI Class: Fast,Cheap & Reliable=STI Deal, did somebody say Deal? Oh, Dean, yeah that's me.	The new bill rocks... "Also included were more obscure terms extending tax breaks for motor-sports racing tracks, makers of wooden arrows for children, and the rum excise tax for Puerto Rico and the Virgin Islands." Get drunk at the track and put your eye out... __________________ I am a Commodore PET --- Now get off my lawn you kids...

2008-10-07, 12:11 PM	#131
sperry The Doink Real Name: Scott Join Date: Nov 2002 Location: Portland, OR Posts: 20,335 Car: '09 OBXT, '02 WRX, '96 Miata Class: PDX/TT-6 The way out is through	Good to see that the bailout has stopped the bleeding on Wall St. __________________ Is you is, or is you ain't, my con-stit-u-ints?

2008-10-07, 02:27 PM	#132
tysonK warehouse SECCS Join Date: Mar 2003 Location: SoCal... Posts: 6,253 Car: 04 Evo 99 Cadillac Class: street de le mod	It's a Rescue Plan damn it! Not Bailout! __________________ Anjali? Anjali?

2008-10-07, 03:20 PM	#133
BOO EJ205 Join Date: Dec 2002 Location: Reno, Nevada Posts: 2,076 Car: 12+tires Class: Spec. without hard work, nothing grows but weeds	AIG Executives Blow $440,000 After Getting Bailout http://www.foxbusiness.com/story/mar...tting-bailout/ Lovely!!! __________________ LOL.. The other White Meat ... lol ------------------------------------------------ subaru(STi) is a boys car, mitsubishi(evo) is a man's car - Jeremy (Top Gear) GC,GD,GM

2008-10-09, 01:37 PM	#136
Dean Señor Cheap Bastarde Real Name: Dean Join Date: May 2003 Location: $99 Tire Store Posts: 9,294 Car: $.04 STI Class: Fast,Cheap & Reliable=STI Deal, did somebody say Deal? Oh, Dean, yeah that's me.	We have effectively "crashed", it just took us a few days to do it... __________________ I am a Commodore PET --- Now get off my lawn you kids...

2008-10-09, 02:00 PM	#138
Dean Señor Cheap Bastarde Real Name: Dean Join Date: May 2003 Location: $99 Tire Store Posts: 9,294 Car: $.04 STI Class: Fast,Cheap & Reliable=STI Deal, did somebody say Deal? Oh, Dean, yeah that's me.	That is part of the problem... The fed wasn't ready to act the day that was signed. Until they stop talking and start acting, we will continue to drop... If they had had the first auction minutes after the bill was signed or any time in the first 24 hours or so, we would not be here... The more they wait, the worse it gets. It is so bad, I applied for 4 more jobs today at quite a bit lower position than I would like. __________________ I am a Commodore PET --- Now get off my lawn you kids...

2008-10-09, 02:30 PM	#139
ScottyS EJ205 Real Name: It is real! Join Date: Jul 2004 Location: RNO Posts: 2,367 Car: 1998 Impreza Wagon, 1991 Legacy Turbo Sedan, 2003 Nissan Xterra Class: tvFree Yes, I'll fix it for you. Again.	Definitely makes me think about future research grants. __________________ "Trend Number One is that people aren't getting any smarter." Dogbert

2008-10-09, 02:41 PM	#140
Dean Señor Cheap Bastarde Real Name: Dean Join Date: May 2003 Location: $99 Tire Store Posts: 9,294 Car: $.04 STI Class: Fast,Cheap & Reliable=STI Deal, did somebody say Deal? Oh, Dean, yeah that's me.	OMG, the president is going to reassure us again tomorrow AM... Say hello to another down 500 day... __________________ I am a Commodore PET --- Now get off my lawn you kids...

2008-10-09, 03:33 PM	#141
van SECCS Brewmeister Join Date: Oct 2005 Location: on the edge of a marsh Posts: 1,451	Any guess as to where the bottom is?

2008-10-09, 04:05 PM	#143
Dean Señor Cheap Bastarde Real Name: Dean Join Date: May 2003 Location: $99 Tire Store Posts: 9,294 Car: $.04 STI Class: Fast,Cheap & Reliable=STI Deal, did somebody say Deal? Oh, Dean, yeah that's me.	The market bottom will be well before the economy does. Possibly by as much as 6 months. For the most part, it is a forward looking indicator when it is not reacting. There is an absolute ton of cash on the sidelines waiting for a sign to move back in... If the fed starts clearing trades which eliminates the counter party risk, that may well be it. Is is not likely to be a "V" bottom, though there may well be a a 1000+ point 1 or more day rally near the bottom. It is far more likely to be a "U" where confidence slowly builds and money comes in, but those who are in early take profits on the way up. If it doesn't happen in the next 2 weeks, maybe 30 days, it may not happen for 12 months as confidence will be at zero and will likely stay there for some time no matter what actions are taken. I know that isn't an answer, but if I knew the answer, I would be making a fortune and not looking for a job... __________________ I am a Commodore PET --- Now get off my lawn you kids...

2008-10-09, 08:52 PM	#144
Kevin M EJ22T Join Date: Sep 2003 Location: Reno Posts: 9,445 Car: '93/'01 GF6, mostly red Class: 19 FP	Yeah, I really wish I had a more sizable nest to throw at the fantastic long-term outlook that almost every form of investing has right now. I've got short term issues, like how I'm going to buy a house anytime soon with the mortgage industry so whacked, but long term investments can't help but grow... unless world economic war/apocalypse is coming. Then renting won't seem so lame. __________________ FWD is the new AWD

2008-11-11, 11:52 AM	#145
sti deede EJ205 Real Name: Deede Join Date: Jun 2004 Location: Sacramento, CA Posts: 1,789 Car: '96 4runner Class: none.	So the current economy is starting to take its toll on our business. 2 people were laid off from our office. The company laid of 15 or so people, mostly administration and support staff. They said they were preparing for a slow down/decrease in our profits toward the end of the year. I made it through round 1. I have heard that the company may be revisiting the subject again in January. I hope all the work from the passed k-12 and high education bonds kicks in soon. I guess we have to wait for the bonds to fund first. This is too close for comfort I know way too many people who have have been laid off or who are forced to work in lower positions to make ends meet. Good luck everyone!

2008-11-11, 12:09 PM	#146
Nick Koan JDM Cowboy Real Name: Nick Join Date: Oct 2003 Location: Somewhere Posts: 8,642 Car: 2015 Mazda 3	We find out Thursday about who is going to be part of our company's "Involuntary Separation Program" __________________ While a standard engine is powered by a belt connected to the crankshaft, a turbo engine runs on its own exhaust steam, making it more energy efficient. -- CNN

2008-11-11, 03:17 PM	#150
sti deede EJ205 Real Name: Deede Join Date: Jun 2004 Location: Sacramento, CA Posts: 1,789 Car: '96 4runner Class: none.	Oh man. Eek. I thought my stomach was in knots; I can't even imagine what you guys are going through. I hope everyone comes out on top and the market turns around quickly for your industry. I'm seriously thinking of rushing through the remodel on our place, in hopes that if something happens we can get someone in to rent it. We managed to score a good deal on the place and the mortgage is below going rent so we have a little wiggle room. Unfortunately many do not have this luxury. Suddenly life is more serious. Boo. Last edited by sti deede; 2008-11-11 at 03:19 PM.

Similar Threads
Thread	Thread Starter	Forum	Replies	Last Post
Nevada primaries	AtomicLabMonkey	Off Topic Chat	92	2008-01-25 11:05 AM
Iran is next...	AtomicLabMonkey	Off Topic Chat	30	2007-03-28 07:30 PM
So my dad's thinking about getting a new car. . .	M3n2c3	General Subaru Discussion & Club Chat	75	2006-09-27 12:36 PM
2004 Election Rant	dknv	Off Topic Chat	83	2004-11-15 07:55 PM