Obama meets US tech titans

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jes

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Obama meets US tech titans

President Barack Obama Thursday met the cream of Silicon Valley business titans, including Apple's Steve Jobs, to seek input on how to speed up job growth and economic recovery.
 
seventhson said:
In other words he told themt hey must start pumping their money into the government.
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pumping money into the government is not going to help. In fact the Government wants money to be pumped into the consumers wallets to trigger spending.

That is the best and only way to save the US economy... people are holding onto their cash too much. They need to spend it, so that the economy can kick start.

It is why the US fed has been printing money so much... to get people to go out and start buying. Everything is stagnant at the moment.
 
Garyvdh said:
pumping money into the government is not going to help. In fact the Government wants money to be pumped into the consumers wallets to trigger spending.

That is the best and only way to save the US economy... people are holding onto their cash too much. They need to spend it, so that the economy can kick start.

It is why the US fed has been printing money so much... to get people to go out and start buying. Everything is stagnant at the moment.
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How can you expect people to spend when you're sinking them in debt?

No point pumping money into people's pocket when they know some time in the future they're going to have to pay it back with interest. Hence they don't spend....
 
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I wonder what's going to happen to Apple now Jobs only has six weeks to live?
 
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Alan said:
How can you expect people to spend when you're sinking them in debt?

No point pumping money into people's pocket when they know some time in the future they're going to have to pay it back with interest. Hence they don't spend....
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Ja, well... that's their strategy anyway. I agree on the debt part. People are actually too scared to spend.
 
People won't spend until they have confidence. Having exploding debt and tax hikes hanging over their heads doesn't instil confidence.


If Washington seems out of ideas on how to get the private-sector jobs machine running again, there's a pretty straightforward reason -- the people in government have virtually no experience in business.

In a major departure from prior administrations, you'd be hard-pressed to find anyone in the current administration with any real business experience. Even offices such as treasury and commerce secretary, which have traditionally been occupied by successful business people, are occupied by a career central banker (with his own tax-compliance problems) and a lawyer/politician.

The situation is little different in Congress, where the "barons" -- Pelosi, Frank, Dodd, Waxman, Reid, Rangel -- are all career "public servants."

This increasing disconnect between the government and the business world is a big, if unrecognized, problem, if for no other reason than that it deprives government officials of the knowledge and experience that successful business leaders can bring to solving difficult problems.
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http://www.aolnews.com/2010/08/23/opinion-washingtons-endangered-species/

only now does he wake up. He's pushed through his extreme ideological agenda might as well turn his attention to the economy now *yawn*
 
America's problems are not about lack of spending surely, with barely no interest rate their problems come from over spending, leading to debt leading to unpaid debt which has a knock on effect.

America needs to stop spending not start spending. I could be totally wrong but i am almost certain with such low interest rates people must blow cash like there is no tomorrow. What is the current interest rate 1% or less?

They need to stop people getting themselves beyond the point of no return and stop the spending. Hmmm this could be way off though. Sure the spending helps business along but how is it helping businesses who cannot get their money because the person has no money, how does it help business when people are financially ruined and cannot spend even one dollar?

O and perhaps tax the man in the street less and he will spend more if that lack of spending is the problem :D.
 
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Garyvdh said:
pumping money into the government is not going to help. In fact the Government wants money to be pumped into the consumers wallets to trigger spending.

That is the best and only way to save the US economy... people are holding onto their cash too much. They need to spend it, so that the economy can kick start.

It is why the US fed has been printing money so much... to get people to go out and start buying. Everything is stagnant at the moment.
Click to expand...

Tell that to the american government;) I know it won't help but agian they are only looking for temporarily fixes and not long term.
 
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