In India, Obama Announces Deals for $10B in Export, 50K American Jobs

WorldNovember 2010 • Views: 33,204

President Obama’s state visit to India may not have cost $200 million a day, but it certainly is expensive for America’s commander in chief to travel abroad.

No matter what it cost, though, I’d hope most honest observers would admit this is very good news: On Day 1 of India visit, Obama showcases trade deals with US firms.

President Obama made a forceful case for free trade on the first day of his state visit to India, showcasing how trade with India can create US jobs.

He brought with him hundreds of US executives who finalized deals on the sidelines of the trip totaling nearly $10 billion in new US exports. The payoff for Mr. Obama’s argument: 50,000 new American jobs.

‘In our interconnected world, increased commerce between the United States and India can be and will be a win-win proposition for both nations,’ he said at a business summit in Mumbai. Noting that the US exports less to India than to the Netherlands – a country with fewer people than Mumbai – he said, “we can do better than that.”

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135 comments

AntonSirius Sat, Nov 6, 2010 2:35:13pm

This is terrible news! Damn his black Kenyan Islamosocialmarxofascist heart! I mean it… umm… well, he must have… surely, there’s some…

Hmm. Gimme a minute here. There’s nothing obvious to spin as a negative.

(grumble grumble)

Hey, Glenn! We’re gonna have to go to Plan B tonight - outright lying!

ming Sat, Nov 6, 2010 2:35:40pm

As President, Obama continues to work hard on behalf of America. At some point, history will have the last word. The period since the financial crash of September 2008 will be a great story of Obama’s very hard work to save the country from financial collapse. It may seem hard to believe right now, but I’m confident that many people, both in America and abroad, will be interested in the true history of the present times. Even before the current visit, Obama has done a lot of work to nurture a positive relationship with India.

thatthatisis Sat, Nov 6, 2010 2:36:22pm

re: #1 AntonSirius

Lying is Plan B?? I thought it was Plan A?

Amory Blaine Sat, Nov 6, 2010 2:37:15pm

Noting that the US exports less to India than to the Netherlands – a country with fewer people than Mumbai – he said, “we can do better than that.”

Damn right.

TedStriker Sat, Nov 6, 2010 2:37:54pm

re: #3 thatthatisis

Lying is Plan B?? I thought it was Plan A?

Plan A is imbibing vast quantities of rainwater and grain alcohol…

thatthatisis Sat, Nov 6, 2010 2:41:45pm

So the US has deals worth billions. At least now we know why Glenn Beck and Hannity were so interested in deflecting the attention to the (non)expense, rather than benefits. These guys have no integrity.

deranged cat Sat, Nov 6, 2010 2:45:51pm

that is some great news!

wrenchwench Sat, Nov 6, 2010 2:52:53pm

Speaking of prosperity, there are four of these parked across the street at the moment:

Image: shelby-cobra-427.jpg

Three that color and one silver one.

Ojoe Sat, Nov 6, 2010 2:54:11pm

50,000 jobs sounds good but it is a number worth watching for a while to see if it bears out, I think.

Killgore Trout Sat, Nov 6, 2010 3:04:12pm

Indian Tea Party
Image: 610x.jpg

Activists of the Communist Party of India, a left wing organisation, stage a protest against US President Barack Obama’s visit to Mumbai on November 6, 2010

Quant Sat, Nov 6, 2010 3:04:34pm

re: #2 ming
People seem to forget very quickly how dire the crisis was. Mr Obama’s administration made some mistakes (especially in hindsight), but things could have been much, much worse.

A picture is worth a thousand words. (From an article about the ECB on Angry Bear.)

Considering that the US was the epicentre of the crisis, and considering the political constraints, I think that the administration’s response to the crisis was quite as effective in protecting GDP; not so effective with regard to jobs, though.

MurphysMom Sat, Nov 6, 2010 3:04:49pm

Good on him!!!

Now, if he’ll just take a couple hundred more trips like this, we’ll have full employment!

palomino Sat, Nov 6, 2010 3:06:14pm

re: #12 MurphysMom

Good on him!!!

Now, if he’ll just take a couple hundred more trips like this, we’ll have full employment!

Problem is that there aren’t a couple hundred more Indias.

WINDUPBIRD DISEASE [S.K.U.M.M.] Sat, Nov 6, 2010 3:07:41pm

re: #8 wrenchwench

Speaking of prosperity, there are four of these parked across the street at the moment:

Image: shelby-cobra-427.jpg

Three that color and one silver one.

yowza shelbies, is there a car club meeting?

WINDUPBIRD DISEASE [S.K.U.M.M.] Sat, Nov 6, 2010 3:08:52pm

re: #1 AntonSirius

Nothing obvious to spin as a negative but a few people here are really trying ;-)

Eclectic Infidel Sat, Nov 6, 2010 3:09:39pm

Off-topic question:

I have an iMac, top o’ the line.

If I want to add pictures to the desktop background, how do I do that? I’ve tired dragging pictures from the Documents folder to the preferences window where the current desktop pictures are to no avail.

Help please, lizards.

(I’m a former PC user, now converted to Mac, once again)

Thanks.

Aceofwhat? Sat, Nov 6, 2010 3:10:22pm

re: #9 Ojoe

50,000 jobs sounds good but it is a number worth watching for a while to see if it bears out, I think.

What sounds good is that Obama continues to demonstrate that, unlike a few Republicans and altogether too many Democrats, he understands how the benefits of free trade nearly always outweigh the costs. Memo to senators like Sherrod Brown: thanks for being enemies of the economy.

wrenchwench Sat, Nov 6, 2010 3:10:47pm

re: #14 WindUpBird

yowza shelbies, is there a car club meeting?

I think four couples are out for a cruise. They sure aren’t from around here. They have NM plates, though.

albusteve Sat, Nov 6, 2010 3:11:34pm

I find it hard to accept BO’s speculation on jobs and the economy in general…show me the beef

WINDUPBIRD DISEASE [S.K.U.M.M.] Sat, Nov 6, 2010 3:11:47pm

re: #18 wrenchwench

I think four couples are out for a cruise. They sure aren’t from around here. They have NM plates, though.

Oh man fun :D

I’ve always wanted to do the road-trip in a tiny overpowered roadster thing :D I need the tiny overpowered roadster first!

WINDUPBIRD DISEASE [S.K.U.M.M.] Sat, Nov 6, 2010 3:12:11pm

re: #19 albusteve

post #11 Image: g4_gdp_chart.JPG

reine.de.tout Sat, Nov 6, 2010 3:12:34pm

re: #16 eclectic infidel

Off-topic question:

I have an iMac, top o’ the line.

If I want to add pictures to the desktop background, how do I do that? I’ve tired dragging pictures from the Documents folder to the preferences window where the current desktop pictures are to no avail.

Help please, lizards.

(I’m a former PC user, now converted to Mac, once again)

Thanks.

I just drag from iPhoto to the desktop.

open iPhoto and see if you can import your photos to iPhoto.
then drag to desktop.

Our Precious Bodily Fluids Sat, Nov 6, 2010 3:13:16pm

I have nothing to add to this discussion apart from the magic words, “Aishwarya Rai”. That is all.

albusteve Sat, Nov 6, 2010 3:13:39pm

re: #8 wrenchwench

Speaking of prosperity, there are four of these parked across the street at the moment:

Image: shelby-cobra-427.jpg

Three that color and one silver one.

sweet….there are several originals around ABQ, as well as the pretenders (kits)

Aceofwhat? Sat, Nov 6, 2010 3:13:51pm

re: #20 WindUpBird

Oh man fun :D

I’ve always wanted to do the road-trip in a tiny overpowered roadster thing :D I need the tiny overpowered roadster first!

Image: Detroit_Electric_3_Large.jpg

Aceofwhat? Sat, Nov 6, 2010 3:14:20pm

re: #21 WindUpBird

post #11 Image: g4_gdp_chart.JPG

doesn’t work

boredtechindenver Sat, Nov 6, 2010 3:15:26pm

re: #16 eclectic infidel

Off-topic question:

I have an iMac, top o’ the line.

If I want to add pictures to the desktop background, how do I do that? I’ve tired dragging pictures from the Documents folder to the preferences window where the current desktop pictures are to no avail.

Help please, lizards.

(I’m a former PC user, now converted to Mac, once again)

Thanks.

I am stealing these instructions from target=”_blank”>here.

1. View the picture you want in the resolution which matches your display.
2. Control-click and select “Download image to Disk”.
3. Save image to desktop.
4. Go to Apple menu > System Preferences > Personal section and select “Desktop”.
5. On the “Collection” pulldown menu, go to “Choose Folder” and locate the appropriate picture.

WINDUPBIRD DISEASE [S.K.U.M.M.] Sat, Nov 6, 2010 3:15:35pm

re: #25 Aceofwhat?

Electric Elise! Which I guess is already sort of what the Tesla is… That’s the car that’s in my sights, though, can’t beat the Toyota engine + 2000 lb CW

WINDUPBIRD DISEASE [S.K.U.M.M.] Sat, Nov 6, 2010 3:15:54pm

re: #26 Aceofwhat?

doesn’t work

Click on quants version on #11 ;-)

wrenchwench Sat, Nov 6, 2010 3:16:06pm

re: #20 WindUpBird

Oh man fun :D

I’ve always wanted to do the road-trip in a tiny overpowered roadster thing :D I need the tiny overpowered roadster first!

My brother once had possession of a Porsche 911 that he was supposed to be selling for a guy in Germany, but it was stuck in some kind of bureaucratic limbo, so he drove it from CA to Oregon to try to register it. I got to drive it in the Columbia Gorge. Unfortunately, the experience was kind of wasted on me. It was too much car for me. But I felt like I was in a car commercial.

Our Precious Bodily Fluids Sat, Nov 6, 2010 3:18:09pm

And then, suddenly, Steve Vai!

Youtube Video

WINDUPBIRD DISEASE [S.K.U.M.M.] Sat, Nov 6, 2010 3:18:26pm

re: #30 wrenchwench

My brother once had possession of a Porsche 911 that he was supposed to be selling for a guy in Germany, but it was stuck in some kind of bureaucratic limbo, so he drove it from CA to Oregon to try to register it. I got to drive it in the Columbia Gorge. Unfortunately, the experience was kind of wasted on me. It was too much car for me. But I felt like I was in a car commercial.

Awesome :D

sagehen Sat, Nov 6, 2010 3:18:31pm

I have a lot of complaints about Obama’s job performance domestically, but damn! I love him on the world stage. I see him with other world leaders either one-on-one or at the G8 and G20, or when I see him speaking in foreign capitals, I get all puffed up with pride that “yeah! That’s how we grow em here! Beat that, other nations who couldn’t make someone like him.”

wrenchwench Sat, Nov 6, 2010 3:18:42pm

re: #11 Quant

I love your avatar photo.

deranged cat Sat, Nov 6, 2010 3:19:23pm

re: #31 negativ

lol. steve vai. my old roommate used to listen to him alllll damnnnnn dayyyyyy

WINDUPBIRD DISEASE [S.K.U.M.M.] Sat, Nov 6, 2010 3:19:30pm

re: #31 negativ

remember Vai’s 90’s project with Devin Townsend that went nowhere but launched Devin Townsend’s career? I owe the man gratitude for that

WINDUPBIRD DISEASE [S.K.U.M.M.] Sat, Nov 6, 2010 3:19:43pm

re: #35 deranged cat

lol. steve vai. my old roommate used to listen to him alll damnnn dayyy

Did he play guitar?

Quant Sat, Nov 6, 2010 3:20:03pm

re: #34 wrenchwench

I love your avatar photo.

Thanks! It’s our basset pup, Harley.

Varek Raith Sat, Nov 6, 2010 3:20:26pm

re: #12 MurphysMom

34 WARSHIPS!

Obdicut Sat, Nov 6, 2010 3:20:52pm

re: #38 Quant

May I ask you, then, who’s a good boy then? Who’s a good boy? Who’s a good boy then? Who is it? Who’s a good boy?

wrenchwench Sat, Nov 6, 2010 3:21:15pm

re: #40 Obdicut

lol

WINDUPBIRD DISEASE [S.K.U.M.M.] Sat, Nov 6, 2010 3:21:51pm

re: #40 Obdicut

puget systems machine almost done, they have the heat signature photos up o_o

b_sharp Sat, Nov 6, 2010 3:22:06pm

re: #37 WindUpBird

Did he play guitar?

No, Steve was narrating an audio book.

WINDUPBIRD DISEASE [S.K.U.M.M.] Sat, Nov 6, 2010 3:22:36pm

re: #43 b_sharp

No, Steve was narrating an audio book.

his friend who listened, dammit!

(I loled)

Quant Sat, Nov 6, 2010 3:22:42pm

re: #40 Obdicut
:D Our basset puppy, Harley.

MurphysMom Sat, Nov 6, 2010 3:23:05pm

re: #13 palomino

Pity. I guess the other 14 million unemployed will have to await the success of the stimulus.

WINDUPBIRD DISEASE [S.K.U.M.M.] Sat, Nov 6, 2010 3:24:20pm

re: #46 MurphysMom

Pity. I guess the other 14 million unemployed will have to await the success of the stimulus.

Sucks when financial deregulation is shown to ruin our economy

And it’s going to take a while to fix it

Strange, I know, this whole cause and effect thing

sagehen Sat, Nov 6, 2010 3:25:02pm

re: #16 eclectic infidel

Off-topic question:

I have an iMac, top o’ the line.

If I want to add pictures to the desktop background, how do I do that? I’ve tired dragging pictures from the Documents folder to the preferences window where the current desktop pictures are to no avail.

Help please, lizards.

(I’m a former PC user, now converted to Mac, once again)

Thanks.

put folders full of pictures in iPhoto; on preferences > desktop & screensaver
click on the folder

click “change photos every 15 minutes” just to have some awareness of time passing.

122 Year Old Obama Sat, Nov 6, 2010 3:25:53pm

I love it when people expect the man to wave a magic wand and suddenly make everything better.

Varek Raith Sat, Nov 6, 2010 3:26:04pm

re: #46 MurphysMom

Pity. I guess the other 14 million unemployed will have to await the success of the stimulus.

What do you suggest?

Obdicut Sat, Nov 6, 2010 3:26:28pm

re: #46 MurphysMom

Well, it’d be nice if the companies that are currently pulling in large amounts of profits and sitting on stacks of cash would invest in some US jobs, too. Wouldn’t that be cool?

I think it’d be rad.

It might even be far out.

albusteve Sat, Nov 6, 2010 3:26:31pm

the next gen Shelby….yowza!
[Link: carspicturescars.net…]

Varek Raith Sat, Nov 6, 2010 3:26:51pm

re: #52 albusteve

the next gen Shelby…yowza!
[Link: carspicturescars.net…]

Hawt.

NJDhockeyfan Sat, Nov 6, 2010 3:27:15pm

Evening lizards!

Hi Steve. Good to see you back. How are ya feeling?

bratwurst Sat, Nov 6, 2010 3:27:29pm

re: #49 SteelPH

I love it when people expect the man to wave a magic wand and suddenly make everything better.

MR. BOEHNER: WHERE ARE THE JOBS?!?!?!?!?!

WINDUPBIRD DISEASE [S.K.U.M.M.] Sat, Nov 6, 2010 3:27:42pm

re: #51 Obdicut

Well, it’d be nice if the companies that are currently pulling in large amounts of profits and sitting on stacks of cash would invest in some US jobs, too. Wouldn’t that be cool?

I think it’d be rad.

It might even be far out.

It would be sweet

Gnarly

Totally righteous

With great justice

It would rock vastly

Our Precious Bodily Fluids Sat, Nov 6, 2010 3:27:52pm

re: #36 WindUpBird

remember Vai’s 90’s project with Devin Townsend that went nowhere but launched Devin Townsend’s career? I owe the man gratitude for that

I thought I was the only person who liked the stuff Vai did with Devin Townsend. The song “Pig” is one of Vai’s best, and Devin is the icing on the cake.

Interestingly enough, the making of that album turned out to be a testament to Frank Zappa’s prowess as a band leader. Vai thought he could contain the enormous egos and energy of the people involved (including Terry Bozzio), and found out the hard way he could not.

albusteve Sat, Nov 6, 2010 3:27:54pm

re: #54 NJDhockeyfan

Evening lizards!

Hi Steve. Good to see you back. How are ya feeling?

fast, very fast

Varek Raith Sat, Nov 6, 2010 3:28:04pm

re: #56 WindUpBird

It would be sweet

Gnarly

Totally righteous

With great justice

It would rock vastly

All that and a bag of chips.

WINDUPBIRD DISEASE [S.K.U.M.M.] Sat, Nov 6, 2010 3:28:06pm

re: #55 bratwurst

MR. BOEHNER: WHERE ARE THE JOBS?!?!?!?!?!

Too…

many…jokes…

sagehen Sat, Nov 6, 2010 3:28:20pm

re: #52 albusteve

the next gen Shelby…yowza!
[Link: carspicturescars.net…]

That picture makes my ovaries twitch.

That’s what it’s supposed to do, right?

Aceofwhat? Sat, Nov 6, 2010 3:29:13pm

re: #47 WindUpBird

Sucks when financial deregulation is shown to ruin our economy

And it’s going to take a while to fix it

Strange, I know, this whole cause and effect thing

i could spend a lot of time giving both of you a bit of an opinion…or i could just both let you snipe from your respective positions.

lazy option = win

knock yourself out, my dude;)

albusteve Sat, Nov 6, 2010 3:29:29pm

re: #61 sagehen

That picture makes my ovaries twitch.

That’s what it’s supposed to do, right?

for the money, you’d think so…maybe even lose them up into your thorax

WINDUPBIRD DISEASE [S.K.U.M.M.] Sat, Nov 6, 2010 3:29:50pm

re: #57 negativ

I thought I was the only person who liked the stuff Vai did with Devin Townsend. The song “Pig” is one of Vai’s best, and Devin is the icing on the cake.

Interestingly enough, the making of that album turned out to be a testament to Frank Zappa’s prowess as a band leader. Vai thought he could contain the enormous egos and energy of the people involved (including Terry Bozzio), and found out the hard way he could not.

Everyone who liked that album seems to have a story where someone else bought it, went “who’s this maniac screwing up everything with his singing?” and then the album was handed off to people like us!

There was a conscert review of a Devin show on metalsucks that I would have killed to see, the guy is just the most positive, nice and utterly zany one man metal machine ever :D

NJDhockeyfan Sat, Nov 6, 2010 3:30:06pm

re: #58 albusteve

fast, very fast

That’s great!

WINDUPBIRD DISEASE [S.K.U.M.M.] Sat, Nov 6, 2010 3:30:07pm

re: #62 Aceofwhat?

i could spend a lot of time giving both of you a bit of an opinion…or i could just both let you snipe from your respective positions.

lazy option = win

knock yourself out, my dude;)

haha it’s all good

albusteve Sat, Nov 6, 2010 3:30:19pm

re: #62 Aceofwhat?

i could spend a lot of time giving both of you a bit of an opinion…or i could just both let you snipe from your respective positions.

lazy option = win

knock yourself out, my dude;)

right, it’s Sat, play time

b_sharp Sat, Nov 6, 2010 3:30:19pm

re: #46 MurphysMom

Pity. I guess the other 14 million unemployed will have to await the success of the stimulus.

What would you suggest, a time machine to take the country back to before the finance world started playing with imaginary funds? Or perhaps, Obama’s administration could give jobs to 14 million people, lower taxes, increase social programs, balance the budget, pay off the dept and put a turkey on every family’s table using Monopoly money.

If you’re looking for reality, it apparently flew over your head.

Aceofwhat? Sat, Nov 6, 2010 3:31:35pm

re: #67 albusteve

right, it’s Sat, play time

ExACTly

Am playing Halo with my daughter while surfing LGF. It’s a good day.

Aceofwhat? Sat, Nov 6, 2010 3:32:03pm

re: #68 b_sharp

What would you suggest, a time machine to take the country back to before the finance world started playing with imaginary funds? Or perhaps, Obama’s administration could give jobs to 14 million people, lower taxes, increase social programs, balance the budget, pay off the dept and put a turkey on every family’s table using Monopoly money.

If you’re looking for reality, it apparently flew over your head.

wait, that second option sounded kinda good/

WINDUPBIRD DISEASE [S.K.U.M.M.] Sat, Nov 6, 2010 3:32:40pm

re: #69 Aceofwhat?

ExACTly

Am playing Halo with my daughter while surfing LGF. It’s a good day.

I think my poor creaky xbox has died, I’m going to have to spring for one of the shiny black ones at some point, blugh

albusteve Sat, Nov 6, 2010 3:32:57pm

re: #68 b_sharp

What would you suggest, a time machine to take the country back to before the finance world started playing with imaginary funds? Or perhaps, Obama’s administration could give jobs to 14 million people, lower taxes, increase social programs, balance the budget, pay off the dept and put a turkey on every family’s table using Monopoly money.

If you’re looking for reality, it apparently flew over your head.

I blame Ike

Aceofwhat? Sat, Nov 6, 2010 3:33:28pm

re: #71 WindUpBird

I think my poor creaky xbox has died, I’m going to have to spring for one of the shiny black ones at some point, blugh

red ring of death?

Our Precious Bodily Fluids Sat, Nov 6, 2010 3:33:37pm

re: #64 WindUpBird

Youtube Video

albusteve Sat, Nov 6, 2010 3:35:01pm

re: #74 negativ

[Video]

shredder

WINDUPBIRD DISEASE [S.K.U.M.M.] Sat, Nov 6, 2010 3:35:10pm

re: #73 Aceofwhat?

red ring of death?

No, actually!

The drive motor is quitting, the machine works great except for the drive. I can do everything except reliably play a game on a disc >:-( it just blinks in confusion, freezes the screen in DVD mode and spits the disc out.

MurphysMom Sat, Nov 6, 2010 3:35:21pm

re: #47 WindUpBird

And it’s going to take a while to fix it

Then the unemployed need to be patient.

re: #50 Varek Raith

More stimulus, of course!

re: #51 Obdicut

It would. Why do you suppose they’re sitting on cash rather than investing it in jobs?

b_sharp Sat, Nov 6, 2010 3:36:09pm

re: #72 albusteve

I blame Ike

I blame Hannibal.
Without him, we would all be Roman.

Aceofwhat? Sat, Nov 6, 2010 3:36:28pm

re: #76 WindUpBird

No, actually!

The drive motor is quitting, the machine works great except for the drive. I can do everything except reliably play a game on a disc >:-( it just blinks in confusion, freezes the screen in DVD mode and spits the disc out.

yeah. you’re screwed. sorry!

Varek Raith Sat, Nov 6, 2010 3:37:12pm

re: #69 Aceofwhat?

ExACTly

Am playing Halo with my daughter while surfing LGF. It’s a good day.

Getting your butt kicked by a kid?
:P

WINDUPBIRD DISEASE [S.K.U.M.M.] Sat, Nov 6, 2010 3:37:16pm

re: #79 Aceofwhat?

yeah. you’re screwed. sorry!

It was gonna happen, it’s lasted a while, it was its time

(my Gamecube still works though! As does my Sega Saturn)

WINDUPBIRD DISEASE [S.K.U.M.M.] Sat, Nov 6, 2010 3:37:43pm

re: #80 Varek Raith

Getting your butt kicked by a kid?
:P

at this point I think I would be schooled by a 4 year old at Halo, I am so terrible with controller FPSes

Quant Sat, Nov 6, 2010 3:37:54pm

re: #78 b_sharp

I blame Hannibal.
Without him, we would all be Roman.

What have the Romans ever done for us?

Varek Raith Sat, Nov 6, 2010 3:38:12pm

re: #81 WindUpBird

It was gonna happen, it’s lasted a while, it was its time

(my Gamecube still works though! As does my Sega Saturn)

I still have one, but none of the games are in any playable condition.
It’s just a collector’s piece now.

WINDUPBIRD DISEASE [S.K.U.M.M.] Sat, Nov 6, 2010 3:38:47pm

re: #84 Varek Raith

I still have one, but none of the games are in any playable condition.
It’s just a collector’s piece now.

My copy of Panzer Dragoon Saga still works, knock on wood, that’s all I have it around for, that and my Sega Ages Space Harrier.

albusteve Sat, Nov 6, 2010 3:38:50pm

re: #83 Quant

What have the Romans ever done for us?

schooled us in brazen excess

Aceofwhat? Sat, Nov 6, 2010 3:38:56pm

re: #78 b_sharp

I blame Hannibal.
Without him, we would all be Roman.

Eh. Cato likes to pretend that it was all milk and honey, but the paedophilia and slavery were a little too rampant for my tastes…

WINDUPBIRD DISEASE [S.K.U.M.M.] Sat, Nov 6, 2010 3:39:24pm

re: #87 Aceofwhat?

Where’s my copy of Titus…

WINDUPBIRD DISEASE [S.K.U.M.M.] Sat, Nov 6, 2010 3:39:43pm

any movie with gleeful revenge cannibalism = win

Aceofwhat? Sat, Nov 6, 2010 3:40:33pm

re: #80 Varek Raith

Getting your butt kicked by a kid?
:P

nah, but i wish i was…it would mean i was less of a nerd!

(but i let her win, of course…i’m a sucker for that little girl)

albusteve Sat, Nov 6, 2010 3:41:30pm

re: #87 Aceofwhat?

Eh. Cato likes to pretend that it was all milk and honey, but the paedophilia and slavery were a little too rampant for my tastes…

slaughtering exotic animals to near extinction for fun seems a bit disturbed

WINDUPBIRD DISEASE [S.K.U.M.M.] Sat, Nov 6, 2010 3:42:43pm

re: #90 Aceofwhat?

nah, but i wish i was…it would mean i was less of a nerd!

(but i let her win, of course…i’m a sucker for that little girl)

When I would play Space Invaders on the 2600 with my mother, she said I got ultra-competitive once I was just old enough to be decent at the game and would be furious when she’d nose me out

Must have been fun to see a 7 year old ragequit at Space Invaders!

Usually refered to as anyways Sat, Nov 6, 2010 3:43:42pm

re: #46 MurphysMom

Pity. I guess the other 14 million unemployed will have to await the success of the stimulus.

You do know a good mother always encourages.
No wonder Murphy was always negative…

albusteve Sat, Nov 6, 2010 3:43:58pm

the Breeders Cup is only minutes away….see history being made!

Obdicut Sat, Nov 6, 2010 3:44:56pm

re: #77 MurphysMom

It would. Why do you suppose they’re sitting on cash rather than investing it in jobs?

Well, it’s a complex question. Though I would also say that the huge amount of economic uncertainty in the US— with the lack of certitude that the GOP congress will vote to raise the debt limit— may have something to do with it. Some companies will say that they don’t trust that the recession is really over, because they feel it may be masked by government spending. Others— more— will say that it’s the uncertainty that the government will continue to spend as they need to during a recovery from a recession, that the austerity measures being proposed will cause a double-dip recession.

In addition, a lot of companies have been using that money to buy back shares from investors, which increases the earnings-per-share. This is a good investment for them when they can expect that stock price to rise— and it’s almost certain they can, with the combination of a revitalizing economy plus the higher earnings-per-share they’ll get with the repurchased stock. And if the stock price doesn’t rise immediately, fewer shares outstanding means fewer stockholders to placate in the short-term.

Does that help you understand?

Aceofwhat? Sat, Nov 6, 2010 3:47:10pm

re: #95 Obdicut

that was quite well done, for what it’s worth…

albusteve Sat, Nov 6, 2010 3:48:20pm

re: #96 Aceofwhat?

that was quite well done, for what it’s worth…

in short, the feds have things all fucked up and don’t seem to be able to fix it

Obdicut Sat, Nov 6, 2010 3:48:57pm

re: #97 albusteve

No, that would be a rather inaccurate summation, except that of course the feds can’t simply take action to fix the economy. We don’t have a command economy.

stevemcg Sat, Nov 6, 2010 3:50:11pm

re: #77 MurphysMom

Then the unemployed need to be patient.

re: #50 Varek Raith

More stimulus, of course!

re: #51 Obdicut

It would. Why do you suppose they’re sitting on cash rather than investing it in jobs?

I have a little rubber factory and there’s only one way to make me hire: More orders. I don’t care about taxes, health care cost uncertainty or any of that crap other “small businesses” keep citing. I find it impossible to believe that any business that had the demand to hire people wouldn’t do so. I can’t blame them for trying to trick people into lowering taxes for them or anything like that. Problem is, people are buying those bogus claims.

100

b_sharp Sat, Nov 6, 2010 3:52:11pm

re: #98 Obdicut

No, that would be a rather inaccurate summation, except that of course the feds can’t simply take action to fix the economy. We don’t have a command economy.

It’s a global economy, no one country fully engaged in it like the US is, can affect a recovery on their own.

101

Aceofwhat? Sat, Nov 6, 2010 3:56:20pm

re: #97 albusteve

in short, the feds have things all fucked up and don’t seem to be able to fix it

nah. econ although in addition to thinking that the healthcare omnibus was more bad than good, i think that it was quite poorly timed.

but the feds didn’t break it, and there’s only so much they can do to help it.

102

MurphysMom Sat, Nov 6, 2010 3:57:03pm

re: #99 stevemcg

That makes sense. I would imagine that for small business owners volume of business is the key.

I’m a little concerned about the new 1099 requirements. My daughter and I have a small business. We both work full time, and our little business takes most of our free time. We barely have time to keep up with regular paperwork, let alone keep up with this. Sounds like they are going to be doing away with it, though.

103

stevemcg Sat, Nov 6, 2010 4:01:08pm

Also, lowering taxes actually makes an incentive to cut back on expenses to maximize profits. By this, I mean that there is sort of a multiplier effect on the profit margin, where there is a real incentive to cut everything to the bone. Just for example, if my company reports 500K on my K-1 and my effective rate was 35%, I keep 330K. But if I push my employees harder (by letting attrition go unanswered), and maybe shorting on some maintenance issues, and cutting back on certain other things that might improve the quality of the workplace, I will keep 65% of everything I save. However, at a higher effective tax rate, there is less incentive to make those knds of cuts because there would be less to gain.

104

MurphysMom Sat, Nov 6, 2010 4:05:10pm

re: #103 stevemcg

Clearly, you’re a much bigger “small business” than I am. :) Someday maybe … for now, I’m back to decorating cookies.

105

NJDhockeyfan Sat, Nov 6, 2010 4:06:34pm

re: #104 MurphysMom

Clearly, you’re a much bigger “small business” than I am. :) Someday maybe … for now, I’m back to decorating cookies.

I’m in the process of starting a hot sauce business. I can’t wait to get it in full gear. Slow going right now.

106

Aceofwhat? Sat, Nov 6, 2010 4:08:55pm

re: #103 stevemcg

Also, lowering taxes actually makes an incentive to cut back on expenses to maximize profits. By this, I mean that there is sort of a multiplier effect on the profit margin, where there is a real incentive to cut everything to the bone. Just for example, if my company reports 500K on my K-1 and my effective rate was 35%, I keep 330K. But if I push my employees harder (by letting attrition go unanswered), and maybe shorting on some maintenance issues, and cutting back on certain other things that might improve the quality of the workplace, I will keep 65% of everything I save. However, at a higher effective tax rate, there is less incentive to make those knds of cuts because there would be less to gain.

but letting attrition go unanswered and cutting back and pushing folks harder isn’t going to put more money in your pocket for long. so it’s a shortsighted business owner who looks at incentives in that fashion…

107

Obdicut Sat, Nov 6, 2010 4:12:39pm

re: #106 Aceofwhat?

Yes, but the stock market rewards short-sighted moves a lot more than it does long-sighted moves, unfortunately. Especially if what you want to do is buy back shares— that’s a short-term cash need.

108

sagehen Sat, Nov 6, 2010 4:17:30pm

re: #51 Obdicut

It would. Why do you suppose they’re sitting on cash rather than investing it in jobs?

If there’s no demand, what’s the point of expanding production?

Supply-side economics has reached its limit. To everyone who says “leaving more money with the company means they’ll invest and create jobs” — here we have empirical proof that is simply not the case.

The only reason that supply-side crap worked during the Reagan Administration is because interest rates and inflation back then were both well into the double digits — holding money was very very stupid then; buy something or pay down debt, just get it the hell out of your own wallet as quick as possible.

109

stevemcg Sat, Nov 6, 2010 4:21:11pm

re: #104 MurphysMom

Not this year! Those numbers were for example’s sake (and fantasy). My sektit strategy is to be the last rubber company standing, then I’ll make a killing. Either that or I’ll have to become a salesman, but that’ snot my bag. Last year was terrible. This year is just bad. Our customers seem to be coming out of their hibernation. I actually came within a few hours of shutting down. I was out of money, I had been paying the employees out of my own pocket. I had receivables, but there was only one juicy one, from a respectable multinational corporation, but it was over two years old and the payable office was out of the country. (>15,000 bucks) The only thing I had going for me was an order worth 50 dollars. So I dragged my feet and dragged my feet on this little order. Well, it’s payday and I can’t make payroll. All of a sudden, at about 10am we start getting requests for quotes for this part from other rubber companies (our name is on the print). At about 11am somebody from an office in Wisconsin calls to see what the problem was. At noon there was a new A/P manager in Mexico and at about 2:30 the money appeared in the bank account. Moral of the story? If a fifty dollar order caused them this big a headache, I should be charging a lot more for these bumpers than I am now.

110

Aceofwhat? Sat, Nov 6, 2010 4:21:13pm

re: #107 Obdicut

Yes, but the stock market rewards short-sighted moves a lot more than it does long-sighted moves, unfortunately. Especially if what you want to do is buy back shares— that’s a short-term cash need.

no question. however, i think that steve’s example was an illustration of a small (i.e. private) business and the possible effect of lower tax rates.

111

stevemcg Sat, Nov 6, 2010 4:21:53pm

re: #106 Aceofwhat?

but letting attrition go unanswered and cutting back and pushing folks harder isn’t going to put more money in your pocket for long. so it’s a shortsighted business owner who looks at incentives in that fashion…

No doubt about it, but I see it all the time.

112

Aceofwhat? Sat, Nov 6, 2010 4:23:34pm

re: #109 stevemcg

good for you, dude. go get ‘em. outlasting the competition during a recession is a tough but highly advantageous ordeal. here’s wishing you wild success-

113

Aceofwhat? Sat, Nov 6, 2010 4:26:48pm

re: #111 stevemcg

No doubt about it, but I see it all the time.

i don’t doubt it. however, we have to craft policies which support relatively smart business practices, and let the not-smart folks do as they will…as you clearly understand all too well, it’s tough enough to keep a business afloat even when you do things the right way. doing them wrong, in a prolonged fashion, is an additional headwind that is almost impossible to survive.

114

MurphysMom Sat, Nov 6, 2010 4:26:58pm

re: #105 NJDhockeyfan

Good luck to you! It is slow going, but it’s also scary when things start to take off. We’re at the point where we have to decide if we can afford to work fewer hours at our full-time jobs. Not an easy decision.

115

Aceofwhat? Sat, Nov 6, 2010 4:27:40pm

re: #114 MurphysMom

Good luck to you! It is slow going, but it’s also scary when things start to take off. We’re at the point where we have to decide if we can afford to work fewer hours at our full-time jobs. Not an easy decision.

best of luck to you

116

MurphysMom Sat, Nov 6, 2010 4:37:38pm

re: #109 stevemcg

Your story pretty much scared me back to “play it safe” mode. I’d like to open a small shop, but my fear is not having enough orders to pay the bills.

On the other hand, the moral of your story rings true. I recently raised prices 20% after agonizing over it for months. And I partly did it because I’d been so busy I was up til 3 every morning, and thought that raising prices would mean fewer or smaller orders. None of my customers batted an eye at the increase.

117

Usually refered to as anyways Sat, Nov 6, 2010 4:40:52pm

re: #116 MurphysMom

Your story pretty much scared me back to “play it safe” mode. I’d like to open a small shop, but my fear is not having enough orders to pay the bills.

On the other hand, the moral of your story rings true. I recently raised prices 20% after agonizing over it for months. And I partly did it because I’d been so busy I was up til 3 every morning, and thought that raising prices would mean fewer or smaller orders. None of my customers batted an eye at the increase.

/ If no one is battering eyes, perhaps there is an area you can expand into…

118

stevemcg Sat, Nov 6, 2010 4:43:55pm

re: #116 MurphysMom

Don’t let the customers push you around. They will understand that you can’t hold your price forever.

119

stevemcg Sat, Nov 6, 2010 4:45:04pm

Just to add one more thing, that the longer you wait to raise the price, the bigger the increase you will have to make.

120

MurphysMom Sat, Nov 6, 2010 4:47:46pm

re: #119 stevemcg

I first have to convince myself my products are worth that much. There’s no way I would ever pay that much for a cookie!

121

MurphysMom Sat, Nov 6, 2010 4:48:40pm

re: #115 Aceofwhat?

Thanks! I’ll take all the luck I can!

122

WINDUPBIRD DISEASE [S.K.U.M.M.] Sat, Nov 6, 2010 5:03:35pm

I had a random thought

Oprah replacing Biden as the VP candidate in 2012

123

Midas Mulligan Sat, Nov 6, 2010 5:25:09pm

Snip
“He brought with him hundreds of US executives who finalized deals on the sidelines of the trip totaling nearly $10 billion in new US exports.”

Unfortunately, those deals were arranged long before Obama arrived in India. The only thing that was “finalized” was contract signing ceremonies, which were delayed for Obama’s benefit.

Obama is not unique in doing this. Other presidents — and other countries — do exactly the same thing to give the appearance that their overseas junkets have a purpose.

124

Aceofwhat? Sat, Nov 6, 2010 5:29:07pm

re: #123 Midas Mulligan

Snip
“He brought with him hundreds of US executives who finalized deals on the sidelines of the trip totaling nearly $10 billion in new US exports.”

Unfortunately, those deals were arranged long before Obama arrived in India. The only thing that was “finalized” was contract signing ceremonies, which were delayed for Obama’s benefit.

Obama is not unique in doing this. Other presidents — and other countries — do exactly the same thing to give the appearance that their overseas junkets have a purpose.

The dude understands free trade. That’s unambiguously a good thing.

125

Midas Mulligan Sat, Nov 6, 2010 5:33:03pm

re: #124 Aceofwhat?

Agreed.

126

blueraven Sat, Nov 6, 2010 5:33:36pm

re: #123 Midas Mulligan

Snip
“He brought with him hundreds of US executives who finalized deals on the sidelines of the trip totaling nearly $10 billion in new US exports.”

Unfortunately, those deals were arranged long before Obama arrived in India. The only thing that was “finalized” was contract signing ceremonies, which were delayed for Obama’s benefit.

Obama is not unique in doing this. Other presidents — and other countries — do exactly the same thing to give the appearance that their overseas junkets have a purpose.

Why “unfortunately”? I don’t see you point really. Having Obama there brings attention to all of this. Where is the downside?

127

reidr Sat, Nov 6, 2010 5:51:18pm

re: #24 albusteve

sweet…there are several originals around ABQ, as well as the pretenders (kits)

What was Mr. Garduno’s restaurant/car museum on Montgomery? I went there maybe ten years ago, and he had one along with a bunch of other fun cars. (I hope I’m remembering that right. Near Asset’s Grill.)

128

reidr Sat, Nov 6, 2010 5:54:35pm

re: #127 reidr

What was Mr. Garduno’s restaurant/car museum on Montgomery? I went there maybe ten years ago, and he had one along with a bunch of other fun cars. (I hope I’m remembering that right. Near Asset’s Grill.)

The google reminds me that it was YesterDave’s.

129

WINDUPBIRD DISEASE [S.K.U.M.M.] Sat, Nov 6, 2010 6:01:49pm

re: #123 Midas Mulligan

Snip
“He brought with him hundreds of US executives who finalized deals on the sidelines of the trip totaling nearly $10 billion in new US exports.”

Unfortunately, those deals were arranged long before Obama arrived in India. The only thing that was “finalized” was contract signing ceremonies, which were delayed for Obama’s benefit.

Obama is not unique in doing this. Other presidents — and other countries — do exactly the same thing to give the appearance that their overseas junkets have a purpose.

I’ll help you out with a definition of the word “diplomacy”

Diplomacy is the art and practice of conducting negotiations between representatives of groups or states. It usually refers to international diplomacy, the conduct of international relations through the intercession of professional diplomats with regard to issues of peace-making, trade, war, economics, culture, environment and human rights. International treaties are usually negotiated by diplomats prior to endorsement by national politicians. In an informal or social sense, diplomacy is the employment of tact to gain strategic advantage or to find mutually acceptable solutions to a common challenge, one set of tools being the phrasing of statements in a non-confrontational, or polite manner.

130

Bob Levin Sat, Nov 6, 2010 7:50:57pm

Mantra: Trade is good.

131

jamesfirecat Sun, Nov 7, 2010 6:11:29am

re: #9 Ojoe

50,000 jobs sounds good but it is a number worth watching for a while to see if it bears out, I think.

Does the sun ever shine for Republicans during a democratic presidency? When children laugh do you hear only the sound of puppies drowning?

132

elisa Sun, Nov 7, 2010 8:05:09am

I thought Obama was against outsourcing jobs? Personally I like the whole notion of trading off US exports to India (as long as the US doesn’t have a net loss in the trade) but he can’t really have it both ways, can he?

And I call BS on India’s claims of more jobs created in the US than outsourced:

Cornell and U Mass found that in 2001 there were over 201,000 jobs outsourced from America. (Myers, L., 2004) During that same time frame unionized jobs fell by 39% and other production type jobs fell 29%. Many of those were white collar service jobs or IT type jobs. The vast majority of those lost could be captured in India as their employment rate grew by nearly the same number as those lost in the USA. By 2004 the number of jobs outsourced was more than 406,000 and rising. Unionized jobs lost due to outsourcing at that time were over 69% with no abatement in sight.

133

Charles Johnson Sun, Nov 7, 2010 9:13:43am

Image: sleeper.jpg

134

lostlakehiker Sun, Nov 7, 2010 12:51:19pm

This is good news as far as it goes. If only Obama took the same attitude toward trade with South Korea. We had a free trade agreement all wrapped up, and he scotched it.

Free trade is good not just in particular cases, but more or less across the board.

135

Joe Katzman Sun, Nov 7, 2010 7:21:17pm

First, everyone say a big, big thank you to Robert Blackwill. He’s the poet and ambassador that spearheaded the remarkable turnaround in India-US relations under George W. Bush. Not enough people mention him - but he’s way more important to this day than any President.

Second, these kinds of trips generally produce nothing that wasn’t already in the works for some time. Doesn’t matter whose trip, by which country leader, to which country. So measuring the trip by deals is simply dumb.

India-US trade has been trending upward for some time now. That’s what the volume of deals really tells you. Again, please offer some thanks to Mr. Blackwill, but there are also larger forces at work like Silicon Valley that go beyond any political figure.

I’ll add that in my field, the $5 billion or so in defense agreements have been on the go for over a year. Boeing had no competitors the Indians wanted to deal with. India has acquired an allergy to more Russian equipment (so, no more IL-76s), and the A400M is unready, over-budget, and far less capable - so C-17 it is. GE won on the merits in a hard fought contest with the Eurofighter’s EJ200 jet engine, so a GE F414 engine will power the new Tejas fighter Mk2, just as an earlier F404 engine powers the Tejas Mk1.

Obama had zero to do with either. Both moves were announced ahead of this visit, and both Boeing and GE must still finalize actual contracts (the visit didn’t accomplish that).

The value of a Presidential trip is the larger strategic relationship with India. Which is so important that anyone who says “it costs too much, so he shouldn’t go,” is crazy. Though you might say “it costs too much, glad he’s going but what’s wrong with this guy?”

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