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Offlinelove2shpongleIRL
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Cree LED Light Company received stimulus money sending jobs to china.
    #14610872 - 06/14/11 08:44 AM (12 years, 9 months ago)

Yesterday, Obama toured the Cree LED Light Company, touting that they created 5000 american jobs. This company received 52 million in stimulus money and half the jobs created are in china! Really, can you blame a business for doing what's in the best interest of itself? Is 52 million even worth 5000 jobs. The stimulus is fucking joke.


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Only those who will risk going too far can possibly find out how far one can go.
T. S. Eliot

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Invisiblememes
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Re: Cree LED Light Company received stimulus money sending jobs to china. [Re: love2shpongleIRL]
    #14610892 - 06/14/11 08:49 AM (12 years, 9 months ago)

:great thread:

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Offlinelove2shpongleIRL
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Re: Cree LED Light Company received stimulus money sending jobs to china. [Re: memes]
    #14610917 - 06/14/11 08:59 AM (12 years, 9 months ago)

Thank you. Any opinions, thoughts, or comments?


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Only those who will risk going too far can possibly find out how far one can go.
T. S. Eliot

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Invisiblememes
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Re: Cree LED Light Company received stimulus money sending jobs to china. [Re: love2shpongleIRL]
    #14611198 - 06/14/11 10:13 AM (12 years, 9 months ago)

Sure:  the stimulus money was necessary to save our consumer spending from reaching catastrphically low levels.

When 66% of your economy is consumption, IT IS YOUR LIFEBLOOD.  If everyone just goes and sits at home becuase they think the world is ending, the world will end.

Tell them the government is randomly dropping money from helicopterssomewhere in the US, and they'll go out looking for them, spending money along the way

:puppetmaster:

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Offlinelove2shpongleIRL
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Re: Cree LED Light Company received stimulus money sending jobs to china. [Re: memes]
    #14611339 - 06/14/11 10:48 AM (12 years, 9 months ago)

Exactly, recessions become self-fulfilling prophecy's.


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Only those who will risk going too far can possibly find out how far one can go.
T. S. Eliot

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Offlinezappaisgod
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Registered: 02/11/04
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Re: Cree LED Light Company received stimulus money sending jobs to china. [Re: love2shpongleIRL]
    #14611357 - 06/14/11 10:50 AM (12 years, 9 months ago)

Quote:

love2shpongleIRL said:
Exactly, recessions become self-fulfilling prophecy's.



They do and they don't.  They always end eventually.  They tend to end sooner if the government stops extracting money from the private sector and telling people who make money that they suck and are going to get fucked.


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Offlinelove2shpongleIRL
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Re: Cree LED Light Company received stimulus money sending jobs to china. [Re: zappaisgod]
    #14611400 - 06/14/11 10:56 AM (12 years, 9 months ago)

Yup, let the market be free and the problems will take care of itself.


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Only those who will risk going too far can possibly find out how far one can go.
T. S. Eliot

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Offlinelove2shpongleIRL
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Registered: 06/11/11
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Re: Cree LED Light Company received stimulus money sending jobs to china. [Re: zappaisgod]
    #14611929 - 06/14/11 12:42 PM (12 years, 9 months ago)

With all of the government meddling, do you think we will have a double dip recession?


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Only those who will risk going too far can possibly find out how far one can go.
T. S. Eliot

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Offlinezappaisgod
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Re: Cree LED Light Company received stimulus money sending jobs to china. [Re: love2shpongleIRL]
    #14611981 - 06/14/11 12:52 PM (12 years, 9 months ago)

Since there are strict definitions of just what constitutes a recession, i.e. no growth or negative growth for 3 quarters (I think), I doubt it.  But I do not expect to see sufficient growth to accommodate even maintenance level growth from a truly horrendous slough of despond.  That is, though there will be no actual decline growth will be insufficient to cover population increase let alone show any improvement, which is a de facto decline even if it isn't a defined decline.  Given how far the economy fell even minimal expectations for a recovery would demand at least 7% growth or so.  The housing industry remains a dead thing and until government morons stop trying to assist deadbeats it will not straighten out.  Housing is one of the biggest sectors of the economy and stagnation there is crippling.  This dead cat is not bouncing much.


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Offlinelove2shpongleIRL
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Re: Cree LED Light Company received stimulus money sending jobs to china. [Re: zappaisgod]
    #14612239 - 06/14/11 01:31 PM (12 years, 9 months ago)

I believe no matter what, we will see a decline in GDP. We have to let housing go under and stop artificially inflating the price and significantly cut back spending and taxes. While beneficial long term, I believe it will be painful for quite a few people in the short run.


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Only those who will risk going too far can possibly find out how far one can go.
T. S. Eliot

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Offlinezappaisgod
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Re: Cree LED Light Company received stimulus money sending jobs to china. [Re: love2shpongleIRL]
    #14612503 - 06/14/11 02:25 PM (12 years, 9 months ago)

Quote:

love2shpongleIRL said:
I believe no matter what, we will see a decline in GDP. We have to let housing go under and stop artificially inflating the price and significantly cut back spending and taxes. While beneficial long term, I believe it will be painful for quite a few people in the short run.




I don't think we can see a real decline in GDP, which is the formal definition of a recession, because it is already so low.  And housing will not and cannot go under but what we need to see is the foreclosures proceed as normal, without any government manipulation.  Individual homeowners need to go under.  Every foreclosed house is a buying opportunity for someone and the inventory needs to be cleared up.


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Invisiblememes
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Re: Cree LED Light Company received stimulus money sending jobs to china. [Re: zappaisgod]
    #14612511 - 06/14/11 02:26 PM (12 years, 9 months ago)

Quote:

zappaisgod said:
inventory needs to be cleared up.



BINGO.

i dont think people realize how crucial this is b4 we can take any steps forward

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OfflineShroomyJohn
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Re: Cree LED Light Company received stimulus money sending jobs to china. [Re: love2shpongleIRL]
    #14612638 - 06/14/11 02:53 PM (12 years, 9 months ago)

Who was the one that took the stimulus money and hired Chinese workers? Obama?:rolleyes:

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Offlinelove2shpongleIRL
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Re: Cree LED Light Company received stimulus money sending jobs to china. [Re: zappaisgod]
    #14612649 - 06/14/11 02:56 PM (12 years, 9 months ago)

"what we need to see is the foreclosures proceed as normal, without any government manipulation". This is what I meant. Sorry for the mistake.


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Only those who will risk going too far can possibly find out how far one can go.
T. S. Eliot

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Offlinelove2shpongleIRL
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Re: Cree LED Light Company received stimulus money sending jobs to china. [Re: ShroomyJohn]
    #14612668 - 06/14/11 02:59 PM (12 years, 9 months ago)

No, but can you blame a business for doing what's in the best interest of the company?


--------------------
Only those who will risk going too far can possibly find out how far one can go.
T. S. Eliot

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Offlinezappaisgod
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Re: Cree LED Light Company received stimulus money sending jobs to china. [Re: love2shpongleIRL]
    #14612681 - 06/14/11 03:02 PM (12 years, 9 months ago)

Quote:

love2shpongleIRL said:
No, but can you blame a business for doing what's in the best interest of the company?



Not at all.  Obama and the rest of the Dems are clearly retarded.  What happened to Sheriff Joe Biden who was going to ride herd on the Porkulus?


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Offlinelove2shpongleIRL
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Re: Cree LED Light Company received stimulus money sending jobs to china. [Re: zappaisgod]
    #14612732 - 06/14/11 03:12 PM (12 years, 9 months ago)

Ha haha forgot about that. Did you see that 110 billion of the stimulus was lost due to waste, fraud, and abuse?


--------------------
Only those who will risk going too far can possibly find out how far one can go.
T. S. Eliot

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Offlinezappaisgod
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Registered: 02/11/04
Posts: 81,741
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Re: Cree LED Light Company received stimulus money sending jobs to china. [Re: love2shpongleIRL]
    #14612741 - 06/14/11 03:13 PM (12 years, 9 months ago)

Quote:

love2shpongleIRL said:
Ha haha forgot about that. Did you see that 110 billion of the stimulus was lost due to waste, fraud, and abuse?



Somebody found it.  As far as I can tell it was all wasted.


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Offlinelove2shpongleIRL
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Re: Cree LED Light Company received stimulus money sending jobs to china. [Re: zappaisgod]
    #14612801 - 06/14/11 03:33 PM (12 years, 9 months ago)

Oh it was all a waste. That 110 billion figure is just money that the government sent to prisoner's,dead people, etc etc.


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Only those who will risk going too far can possibly find out how far one can go.
T. S. Eliot

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OfflineShroomyJohn
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Re: Cree LED Light Company received stimulus money sending jobs to china. [Re: love2shpongleIRL]
    #14612992 - 06/14/11 04:07 PM (12 years, 9 months ago)

Quote:

love2shpongleIRL said:
Oh it was all a waste. That 110 billion figure is just money that the government sent to prisoner's,dead people, etc etc.




Then the people who cash dead people's checks are liable or the money can't be wasted it will go right back to the government...

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