President Joe Biden - Kamala Harris Administration

#23,651
#23,651
volinbham said:
I think we should see a growing economy given the history of most recoveries. That said I believe the last quarter GDP had a lot of inventory building and unless there is complete sell through we might see downward pressure on growth as a repeat of the inventory building will not happen.

The Fed actions, Covid policy and Covid, inflation and The Great Resignation are the levers that will impact the growth rate.
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DC as a whole has not comprehended just how much this is going to screw US industry starting today.

Our company is going to have an outright exodus in the engineering community within our division in Jan 23 due to pension plan changes alone. Just got off the phone with a buddy who has visibility into the larger industry as a whole and it’s pervasive across companies. The Boomers are done and we are going to give the two gun salute and rode off into the sunset. We are going to lose decades of systems design and performance knowledge. So be it this is the path industry has chosen so they will deal with it.

The obvious comeback is “well you will just go back and contract.” Why, why would I do that if I have no financial need to do so and I just want them to leave me alone. Don’t get me wrong I might but I don’t think they’ve thought this thru. This year I’m already answering taskers with “that’s stupid we aren’t going to do that” and thus far at least it isn’t being challenged. That will only get worse in retirement contracting. And everyone in my peer group feels the same way.
 
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#23,652
#23,652
NorthDallas40 said:
Which will largely get spent of stock buybacks and is exactly what the board is pressuring companies to do
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Investment markets are tearing US industry apart. Short term profits and decisions leading to short term profits via stocks are and have been extremely toxic to US industry. It's like US business have two markets - one for goods and services they produce and the gambling industry that enriches CEOs and boards, and the gambling market is winning.
 
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#23,655
#23,655
AM64 said:
Investment markets are tearing US industry apart. Short term profits and decisions leading to short term profits via stocks are and have been extremely toxic to US industry. It's like US business have two markets - one for goods and services they produce and the gambling industry that enriches CEOs and boards, and the gambling market is winning.
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There has been a push to get rid of quarterly earnings reports and do no more than one or two times a year. The companies want the time to give them a chance to have a meaningful window to affect change. The investment community is adamantly against it since it limits their snapshot look. I think they’re doing more harm than good honestly.
 
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#23,656
#23,656
NorthDallas40 said:
DC as a whole has not comprehended just how much this is going to screw US industry starting today.

Our company is going to have an outright exodus in the engineering community within our division in Jan 23 due to pension plan changes alone. Just got off the phone with a buddy who has visibility into the larger industry as a whole and it’s pervasive across companies. The Boomers are done and we are going to give the two gun salute and rode off into the sunset. We are going to lose decades of systems design and performance knowledge. So be it this is the path industry has chosen so they will deal with it.

The obvious comeback is “well you will just go back and contract.” Why, why would I do that if I have no financial need to do so and I just want them to leave me alone. Don’t get me wrong I might but I don’t think they’ve thought this thru. This year I’m already answering taskers with “that’s stupid we aren’t going to do that” and thus far at least it isn’t being challenged. That will only get worse in retirement contracting. And everyone in my peer group feels the same way.
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I was forced out years ago - engineering longevity hit a really bad period in the 90s. My wife refused and still refuses to believe I couldn't find another engineering job at the time. I still have quite a bit of resentment over what happened and over the years of struggle with management types - very similar to your comments. I've heard all about wasting my talents etc, but I have a decent pension and now SS, and like you there's not a chance in hell I'd return to that struggle. It's incredible sitting back and watching a lot of the blunders in progress - so often because the empowered people making the decisions refuse/refused to listen to technical advice. Power and renewables vs stable baseload are going to be real fun to watch - and batteries aren't the answer.
 
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#23,658
#23,658
AM64 said:
I was forced out years ago - engineering longevity hit a really bad period in the 90s. My wife refused and still refuses to believe I couldn't find another engineering job at the time. I still have quite a bit of resentment over what happened and over the years of struggle with management types - very similar to your comments. I've heard all about wasting my talents etc, but I have a decent pension and now SS, and like you there's not a chance in hell I'd return to that struggle. It's incredible sitting back and watching a lot of the blunders in progress - so often because the empowered people making the decisions refuse/refused to listen to technical advice. Power and renewables vs stable baseload are going to be real fun to watch - and batteries aren't the answer.
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Yep I was early in my professional career in the early 90’s down turn. Only 1 in 4 survived the job cuts. Luckily or unluckily I was the 1 during that time. When I was an entry engineer we had four person cubes. I was the only one left standing after about 8 months in my four holer.
 
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#23,661
#23,661
NorthDallas40 said:
Yep I was early in my professional career in the early 90’s down turn. Only 1 in 4 survived the job cuts. Luckily or unluckily I was the 1 during that time. When I was an entry engineer we had four person cubes. I was the only one left standing after about 8 months in my four holer.
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A lot of us with a few years of experience and the nerve to "fight change" might as well have been stamped with "Too old and too expensive". I'll have to admit we did go from a society where reliable products that lasted to one where we really do have planned obsolescence keeps things going - for China and for Amazon, but that's all going to catch up as the true ratio of US workers to non-workers continues to dwindle and US wealth erodes.
 
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#23,662
#23,662
AM64 said:
A lot of us with a few years of experience and the nerve to "fight change" might as well have been stamped with "Too old and too expensive". I'll have to admit we did go from a society where reliable products that lasted to one where we really do have planned obsolescence keeps things going - for China and for Amazon, but that's all going to catch up as the true ratio of US workers to non-workers continues to dwindle and US wealth erodes.
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🤷‍♂️
0BB9E7A4-B6C9-42E5-9EF5-E0A867194FE4.jpeg
 
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#23,664
#23,664
evillawyer said:
Uh, maybe that a 500k+ increase in jobs in one month shows Joe's crushing it 😉
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Why can’t the idiot in chief match the growth rate Trump achieved from March 2020 thru Jan 2021 cat lady? Even with multiple vaccines (thanks Trump!) and all the therapeutics he couldn’t generate more than half of the rate Trump did in the prior year. Sad! 🤡
 
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#23,666
#23,666
https://www.realclearpolitics.com/v...pd_we_cant_defund_the_police_we_need_you.html

Biden

"We're not about defunding. We're about funding and providing the additional services you need beyond someone with a gun strapped to their hip. We need more social workers, we need mental health workers. We need more people to call on when someone's about to jump off the roof there isn't just someone standing there with a weapon," the president said."

I'm sure that the police appreciate being called "someone with a gun strapped to their hip."
 
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#23,669
#23,669
NorthDallas40 said:
DC as a whole has not comprehended just how much this is going to screw US industry starting today.

Our company is going to have an outright exodus in the engineering community within our division in Jan 23 due to pension plan changes alone. Just got off the phone with a buddy who has visibility into the larger industry as a whole and it’s pervasive across companies. The Boomers are done and we are going to give the two gun salute and rode off into the sunset. We are going to lose decades of systems design and performance knowledge. So be it this is the path industry has chosen so they will deal with it.

The obvious comeback is “well you will just go back and contract.” Why, why would I do that if I have no financial need to do so and I just want them to leave me alone. Don’t get me wrong I might but I don’t think they’ve thought this thru. This year I’m already answering taskers with “that’s stupid we aren’t going to do that” and thus far at least it isn’t being challenged. That will only get worse in retirement contracting. And everyone in my peer group feels the same way.
Click to expand...

My company stopped the retirement plan about 4 years ago and I retired a couple of months later, but I had planned that anyway. A few months after I retired I got a letter saying they were no longer offering me retiree health insurance. I've had dozens of phone calls asking me to come back to work and I never even asked for how much, I just said I wasn't interested. Some of my more self-aggrandizing former colleagues jumped right back in, but I didn't and don't need the money so they can kiss my ass.
 
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#23,670
#23,670
VolStrom said:
My company stopped the retirement plan about 4 years ago and I retired a couple of months later, but I had planned that anyway. A few months after I retired I got a letter saying they were no longer offering me retiree health insurance. I've had dozens of phone calls asking me to come back to work and I never even asked for how much, I just said I wasn't interested. Some of my more self-aggrandizing former colleagues jumped right back in, but I didn't and don't need the money so they can kiss my ass.
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I will NOT come back and work for the department I’m supporting currently. It will be a flat no. I honestly have no idea how I will answer if the request is made by my old department however I’ve told them that if I consider it I don’t think I’m worth what they will have to pay me to get me back 🤷‍♂️
 
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#23,671
#23,671
NorthDallas40 said:
I will NOT come back and work for the department I’m supporting currently. It will be a flat no. I honestly have no idea how I will answer if the request is made by my old department however I’ve told them that if I consider it I don’t think I’m worth what they will have to pay me to get me back 🤷‍♂️
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IMO payback is a bitch. If they are willing to pay a field service engineer hundreds an hour + expenses to come in and work on a piece of equipment, why wouldn't they pay me that when I could be there in an hour or less. I like most of my former coworkers, but the management is close to being criminal for their greed.
 
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#23,672
#23,672
AM64 said:
Investment markets are tearing US industry apart. Short term profits and decisions leading to short term profits via stocks are and have been extremely toxic to US industry. It's like US business have two markets - one for goods and services they produce and the gambling industry that enriches CEOs and boards, and the gambling market is winning.
Click to expand...

Agreed but I don't know how we can ever put the Genie back in the bottle.
 
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#23,673
#23,673
This country is in a total disaster & instead of doing something about fixing the problems they have created the Democrats are somehow off talking about passing a "voter's rights" Bill.

 
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#23,675
#23,675
Freiwillige said:
https://www.realclearpolitics.com/v...pd_we_cant_defund_the_police_we_need_you.html

Biden

"We're not about defunding. We're about funding and providing the additional services you need beyond someone with a gun strapped to their hip. We need more social workers, we need mental health workers. We need more people to call on when someone's about to jump off the roof there isn't just someone standing there with a weapon," the president said."

I'm sure that the police appreciate being called "someone with a gun strapped to their hip."
Click to expand...


You know a cop? I know about 300 of them.

They knew what he meant and 1000 perfect agree with him. Cops are sick and tired of dealing with social work problems, especially including the ones that go south. They'd love it if lower level services could handle the mental health, addict issues.
 
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