civicjim

[Fry]

@traumadog

I think Obama’s win is the feel-good thing of the year - both in the US and worldwide. Now thie big question is how he’ll really govern - and whether or not he can handle Pelosi and Reid, who will have agendas of their own.

It’s interesting in that he’s already named his good buddy (and extremely blunt talker) Rahm Emanuel (a.k.a “Rahmbo” to the Republicans) as Chief-of-Staff. I wonder if he’ll really follow through on his campaign promises and hire Republicans in his cabinet (and I don’t mean minor posts, either).

@civicjim

Not on Wall St. Dow down 10% since the election results were in.

Doubt it.

@rj-92

ummm no, biggest 2 day drop since 87 and largest post election decline since 1900!

Particularly this one. He’s going to raise capital gains, estate taxes should stay ~ 45% After an exemption of $3.5m. He is going to raise corporate taxes dampening dividends an profitability and no one knows what he plansd to do with IRC Section 401 paragraph k.

The market hates uncertainty. And we are certainly in a rather large state of one right now

That’s what I don’t get about all you Obama humpers, no one knows what the fuck he is going to do, yet many of you have already anointed him the best president of the last 100 years and he hasn’t served a single day yet.

ORLY?

@civicjim

Any update? I wants some ice time. I can play goal or out. I’m no Gretzky but can skate better than Andrew Peters or Sean Avery.

@rj-92

Id be down to strap the pads on if you ever need a goalie. Lemme know

ORLY?

@civicjim

To bad it isn’t and they haven’t done shit with it. It was supposed to free up credit, but it hasn’t because none of the companies that got any of it are lending it anyway. All they are doing is sitting on it and we’re in the same boat weather they got the $ or didn’t. Citi is still cutting 50,000 jobs, BoA is cutting 35k jobs. And there is still a credit crunch in this country. How many times did AIG come back for more and then threw a $500,000 party with it. Where’s the oversight of the banking and finance industry? Where’s AIGs plan? How did their execs get to Washington, or better yet, did they even have to go? This whole polotical and financial system in this country is F-ed. All of them are corrupt. I’m starting to think Blogojevich is the norm not the exception.

Part of the reason the Auto makers are even in this mess is due to the credit disaster that started in the Mortgage industry. The only reason Ford isn’t in dire need isn’t because their cars are any better then GM or Chrysler’s, its because they mortgaged everything in 2006 for cash when they could get credit. Because the banks got greedy that credit isn’t available any more for Chrysler or GM, so their only other line of credit is the Fed.

@rj-92

I’m stealing much of this post from another forum, but they are great points and very applicable to this thread…

Time for the banks to pony up. They got their bail out to ammend their gross mismanagement. They plan the signed for the automakers in a LOAN.

The gov bailed out the banks to get ALL credit flowing again, not the stock values for the BOD bonuses.

Goldman Sachs made $2.3bil last year and paid a whopping 1% tax on that. (They paid 34% the year before.) How? They moved their bulk accounts off shore. Then they showed their American accounts as being in arears. The .gov bailed them out and they took that $$ and put it DIRECTLY into bonuses.

Crooked.

But shame on these auto companies that have no financing available to them because the banks won’t come off their cash and lend out money, even though the Fed gave them 700 Billion to do just that. Guess we should have asked the banks for their plan on how they were going to get credit flowing agian. Perhaps they mistook credit for bonuses.

ORLY?

@rj-92"

To my surprise I was pullingin the TA, he wasn’t getting away from me at all. He must have let off certainly. No way an LS1 GTslO with a baby cam weighing 3800lbs could be pulling on a 4th gen that’s ~500 lbs lighter. So I stay behind as we turn off onto a regular 2 lane road stuck behind traffic again.

@civicjim

I hope you have headers. I have a small cam in my LS1 (reverse split also). It feels a little stronger but definately needs to get the exhaust out better. A det of long tubes will do wonders with any cam, particularly reverse split. Is your car an Auto or M12?

Oops! Forget which account you were on?

Goodbye.