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Dave Phelps
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Joined: 16 April 2004
Location: United States
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| Posted: 08 December 2016 at 6:03pm | IP Logged | 1
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Brian Miller wrote:
| From what was stated this morning on NPR, the current contract for this is actually $140 million. Which is a far cry from $4 billion. |
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Don't confuse the first phase with the whole effort. Eventually it's going to get there, or pretty close to it. That said, the ~$4B is the planned cost for the program, not a sign of "massive overruns." They're nowhere near where that might start happening.
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Andrew Bitner
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Joined: 01 June 2004
Location: United States
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| Posted: 09 December 2016 at 11:51am | IP Logged | 2
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Trump again reveals how little he knows about business, in this case, federal procurement. If he did find a way to cancel the contract--which is far from certain--the government would still owe Boeing a ton of money regardless. Trump isn't going to "save" $4B no matter how this plays out.
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Charles Valderrama
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Joined: 16 April 2004
Location: United States
Posts: 4721
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| Posted: 09 December 2016 at 1:04pm | IP Logged | 3
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The guys who helped crash the economy seem to be joining the new Administration.... very scary.
-C!
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James Johnson
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Joined: 16 March 2009
Location: United States
Posts: 2067
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| Posted: 09 December 2016 at 2:03pm | IP Logged | 4
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The Obama Administration left Trump a helluva gift. Unemployment is well under 5% and the stock market has almost tripled within the last 7 years as the DJI is now (as of today) over 19,500.
Anyone wanna wager how long before Trump and his crew fuck this up?
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Peter Hicks
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Joined: 30 April 2004
Location: Canada
Posts: 1891
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| Posted: 09 December 2016 at 2:22pm | IP Logged | 5
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Say, didn't Bill Clinton leave office with the economy in great shape? There was even a budget surplus as I recall. Surely the Republicans won't mess things up twice in a row!
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Michael Casselman
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Joined: 14 January 2006
Location: United States
Posts: 1220
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| Posted: 09 December 2016 at 3:03pm | IP Logged | 6
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The unemployment rate means bupkis when the Labor Participation Rate is in the shitter. We need someone... anyone... who can either save jobs or encourage job growth. Fingers crossed that a fresh set of eyes actually do this.
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Conrad Teves
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Joined: 28 January 2014
Location: United States
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| Posted: 09 December 2016 at 7:01pm | IP Logged | 7
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Just some context for the above statement. It's very common to see detractors use a Labor Force Participation graph that has the bottom of the low part of the graph be at the bottom of a square picture (vertically exaggerated with zero nowhere in sight), which makes it seem far worse than it is. Even the graph below needs 3 more tick marks below the bottom to find zero. Detractors tend to use the black line in the graph below, which is less revealing due to it's aggregate nature. They also like to start the graph during the Carter "Malaise" when you can see that even the aggregate line grew straight through there. You'll note LFP was far worse during the period massive post-war growth, in no small part because it was physically possible to have single-income homes. Note the "knee" during the Reagan Era for 55+ workers where it started getting harder to retire.It's a complicated issue. |
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Vinny Valenti
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Joined: 17 April 2004
Location: United States
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| Posted: 09 December 2016 at 7:32pm | IP Logged | 8
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"Say, didn't Bill Clinton leave office with the economy in great shape?"
---
I seem to recall the economy tanking in March of 2000.
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Kevin Hagerman
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Joined: 15 April 2005
Location: United States
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| Posted: 10 December 2016 at 3:19am | IP Logged | 9
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We're "due" for a recession no matter who would be president, so one happening would not surprise me. Of course, since our president is going to be Donald Trump, who if nothing else is going to balloon the deficits with tax cuts, how bad of a recession would not surprise me either.
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Michael Casselman
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Joined: 14 January 2006
Location: United States
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| Posted: 10 December 2016 at 9:11am | IP Logged | 10
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My 'context' was to correct the often mistaken notion that the unemployment rate itself is an indicator of success or failure on the job market. Just because the unemployment rate is below 5%, it doesn't mean it's a rosey economy. Those who aren't familiar with the other BLS stats obsess on the number who are currently collecting benefits, ignoring those whose benefits have ended but aren't back to work yet.
A few years back, there was a huge Catch-22 when it came to unemployment benefits. Many states extended benefits to 90+ weeks (as opposed to 26 weeks or so) to help those who had been laid off during the '08-'09 recession. When some people in the general population took that as 'paid time off', it created huge holes in people's chronological resumes, it discouraged others from seeking part-time employment (because they might make more on unemployment), and I saw plenty of others simply give up and decide it was to their benefit to work the system and take those 90+ weeks as a 'vacation'. Talking with my counterparts in labor services across the nation, we're seeing a very long, difficult correction from those mindsets in the jobseekers we see and from employers who can't fill necessary positions with skilled applicants.
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Brian Miller
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Joined: 28 July 2004
Location: United States
Posts: 30901
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| Posted: 10 December 2016 at 9:34am | IP Logged | 11
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CIA confirms Russian involvement in Trump winning election.
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Brian Miller
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Joined: 28 July 2004
Location: United States
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| Posted: 10 December 2016 at 12:47pm | IP Logged | 12
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And Republicans are actually DEFENDING it. What the fuck is going on in our country?
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