Random Biz Shots 09.28.09

[david austin]

Obamas econ team tests the waters - http://www.bloomberg.com/apps/news?p...d=awUr5upiYnA8

The White House had proposed, and Geithner was ready to defend, such a radical expansion of government power that even Barney Frank, the ultra-liberal congressman from Massachusetts, felt compelled to object that it went too far.

When Barney Frank thinks that you are too liberal, you better check your medications.

Higher savings rate will hamper the 'recovery' - http://www.bloomberg.com/apps/news?p...d=aHM.2Uhxnnr4

Quite the conundrum eh? Savings rate goes up (a good thing) means consumer spending goes down (a bad thing). So now we are going to have a jobless AND consumerless recovery. Maybe we should just start saying we are going to have a 'recovery-less recovery'


Quote of the day : 'Remember... as you ramp up production your revenue growth will follow.' - The auto manufactures still dont get it.

Quote of the day #2 : 'If we tank the dollar isnt that a good thing? Cause we can borrow dollars today and then when we pay the debt back we dont have to pay as much.' - Why yes! When bread is subsequently 10$ a loaf who cares about the deficit!

[matias pecile]

lol @ quote number 2 .. sounds like a dumb blonde joke

[johnny861]

me: Hey, I heard you can loan me a dollar?

some dude: WTF Dude?! Shhh!!!

* Feds roll up, haul some dude off *

me: PWNT!!