People planning for the future.

[Rob_NNCC]

I went out to a clients office today, they make industrial equipment. I came out to fix a quickbooks issue, then I get told that the shop forman needs a network hookup as his old office is getting demolished.

A wha?

We run a wire, install a switch and get him online. I then talk to the owner and he tells me that the economy is going to tank, doom and gloom. Chatting with him he says that several of his biz owner fiends canned a good number of their staff. He then tells me that he is going to downsize and install offices in his warehouse to get rid of his current office building. When I told him I hoped his business would turn around, he said that things where not that bad, but he was preparing for Obama.

I feel this is taking things a little far, but I am going to wire up his new renovated office space and move all his equipment over, so I can't complain.

Is anyone else getting stuff election feedback by this? I just feel like I got hit out of (not) left field by this.

 

[Ken's PC Repair]

Unfortunately I too have experienced this.

A customer dropped off a system Wednesday night and almost immediately started going off on the election results, and how small businesses like mine would crumble because that son of a ***** got re-elected . I was caught off guard by this and didn't know how to respond to such a ridiculous statement. I just muttered something like "I take great care of my customers. I'm not worried".

I've lived through Jimmy Carter, Ronald Reagan, George HW Bush, Bill Clinton, George W Bush, and Barack Obama. I can not think of one thing that any one of them single handedly did that made a life altering change in my life. The President does not have absolute power, I think people forget that.

I would speculate your customer's business was already on the decline. The election just gave him something to pin the blame on. Seems to almost be human nature.

And don't even get me started on the Facebook postings!

 

[coffee]

Let me apologize in advance here. I would love to blow sunshine up everyones skirts but this is what is about to happen:

Since Obamacare will now go thru and the current admin is not interested in cutting spending we are heading for a recession. Companies are not really interested in hiring because they are getting ready for the added expenses of higher taxes and regulation. Most of the large companies will eventually move out of the US as the business atmosphere is not very good. There are better places to locate with lower tax rates and regulations.

The unfortunate thing is, A higher tax on the rich is but a drop in the bucket to pay off the National Debt. It will not work. We see this happening in Europe with France raising their tax rate and countries like Greece not able to meet their obligations.

When you give people "stuff" its hard to take it back. People today want stuff not work it seems.

I know there are those of you that will say Im totally wrong but all you have to do is gauge the attitude of business and investments. The best place to see this is the stock market. Right after the election results it dropped over 300 points.

Im afraid things get rather ugly for the next four years - sorry.

added thru editing:

"I take great care of my customers. I'm not worried"

Im sure you do and Im sure you are a great tech like alot of us. But its not a matter of how good a tech you are. Its economics.

The President does not have absolute power

He does when the Senate is controlled by the left and you have a left president in power. Beside executive orders work quite well when you want to push something thru without a vote from congress.

Ken, You can do the best work and have the best price. But if companies are closing down offices that means your business is going to shrink also. You may get business installing a new net cable and switch but the earnings are alot less than if the company was expanding and needing new servers / workstations installed.

With Respect to all,

coffee

 

[YeOldeStonecat]

I blame the over-hype of todays media, especially social media.....for the "panic" wild fires that get stirred up.

To me, no matter who gets the POTUS....it's the lobbying and a small handful of elite that control the president and what goes on. The POTUS is just a puppet...others are pulling the strings to animate him.

Our economy waxes and wanes. Every generation will live through at least one recession, our parents have, our grand parents have, etc etc etc.
Thus...so will we.

I'm not crazy about Obama...I'm historically a Republican, but I couldn't stand Romney.
I enjoyed the Bush Sr years, I enjoyed the Clinton years, I loved the Reagan years.

Big corporations pulling the strings got out of control with Bush Jr.
One of the benefits of having different, opposing parties...is that when one gets majority control....our gov't gets an overhauling and big changes. Ultimately changes are good...it prevents things from getting too stale and rooted. Another 4 years of the blues in control...if things end up bad, he will be out, and the reds will be voted in (Repubs). And sweeping changes will happen again.

You can let the over-hyped media control you..and make you a tin foil hat wearing fear monger. Or you can take control of your life each day, and go on with life, and living it, and enjoying it. I choose the latter.....

 

[SilverLeaf]

Yes, the US is in dire straits right now, but this has been a long time coming. When Nixon did away with the gold standard in '71, Congress essentially received a "blank check". Every administration since has spent us into the mess we are in now. Something that took 40 years to create isn't going to painlessly disappear overnight, so yeah, hard times and sacrifice are likely in the future.

While some will point to leftist social programs as the problem, don't forget that big business also benefited significantly from the unchecked federal spending spree (military expansion, oil producer subsidies, finance, etc). The difference between the "right" and "left", is that one favors welfare for the poor, and the other favors welfare for business. In reality, both sides will need to sacrifice.

To lay this whole mess at the feet of the current administration is illogical. I think mostly it's a knee-jerk reaction. I remember in late 2008, I went to my local gun shop a few weeks after the election, and it was packed. People were buying everything in sight out of panic that Obama was going to outlaw everything as soon as he took office. Hell, I couldn't even find target ammo for months. A year later, that same shop had a huge inventory of used merchandise for sale.

As a side note, I can see "Obamacare" as a positive move that could foster business growth and innovation. There are a great deal of smart, productive, and innovative people out there who are chained to a job where their talents are unused, because they (or a family member) have a pre-existing medical condition. These same people, given access to health insurance, may become the entrepreneurs and business owners of tomorrow.

 

[oldtech]

"A democracy cannot exist as a permanent form of government. It can only exist until the voters discover that they can vote themselves largesse from the public treasury. From that moment on, the majority always votes for the candidates promising the most benefits from the public treasury with the result that a democracy always collapses over loose fiscal policy, always followed by a dictatorship. The average age of the world's greatest civilizations has been 200 years.
Great nations rise and fall. The people go from bondage to spiritual truth, to great courage, from courage to liberty, from liberty to abundance, from abundance to selfishness, from selfishness to complacency, from complacency to apathy, from apathy to dependence, from dependence back again to bondage."

Give you two guesses as to where we are in that cycle the US right now.

Recommend reading Joseph Farah's book "Why Democracy doesn't Work"

And for those that do not know, Farah is a conservative.

 

[slash]

I know there are those of you that will say Im totally wrong but all you have to do is gauge the attitude of business and investments. The best place to see this is the stock market. Right after the election results it dropped over 300 points.

Plus the "fiscal cliff" we've all been hearing about. Definitely plays into it since nothing changed as far as party control in government. Investors are betting on the fiscal cliff to happen because of the stalemate between the House and Senate and are bracing for impact. I'm sure hoping our government can solve this in the best interest of our economy or we will most certainly enter another recession.

 

[stevenamills]

I'm just a totally disillusioned old white guy that thinks the final whimper of this Republic came Tuesday and it was "Hope and Change".

I too lived through Ol' "Read My Lips" when he destroyed my retirement account with the taxes he promised he wouldn't enact and then his son that took it to the finish line by playing guns while the American corporation totally destroyed the world's economy and gave us BO. The epitaph was written then.

Anyone that has a glimmer of hope after Tuesday is ether totally delusional or enjoying some of the legal weed!

 

[Blue]

Regardless of who is in power, or which way the economic winds blow, remember: this too shall pass.

 

[coffee]

"A democracy cannot exist as a permanent form of government. It can only exist until the voters discover that they can vote themselves largesse from the public treasury. From that moment on, the majority always votes for the candidates promising the most benefits from the public treasury with the result that a democracy always collapses over loose fiscal policy, always followed by a dictatorship. The average age of the world's greatest civilizations has been 200 years.
Great nations rise and fall. The people go from bondage to spiritual truth, to great courage, from courage to liberty, from liberty to abundance, from abundance to selfishness, from selfishness to complacency, from complacency to apathy, from apathy to dependence, from dependence back again to bondage."

Give you two guesses as to where we are in that cycle the US right now.

Recommend reading Joseph Farah's book "Why Democracy doesn't Work"

And for those that do not know, Farah is a conservative.

+10 for this.

I have not read the book but have done research on the web about it. It stands true. I just hate having to live in the end times of the USA. Kinda stinks.

 

[AxlDickinson]

Regardless of who is in power, or which way the economic winds blow, remember: this too shall pass.

I sure hope so. Things have to change

 

[coffee]

The next four years are going to be pretty bad. I dont see companies hiring because of healthcare and taxes. I see drudge is showing the seperation from union issue. I dont really think anything will come of that. Last time states did that we ended up in civil war.

Ok, Now a thought on the healthcare. According to what I know right now, If you do not have health care you get a fine estimated right now at about 1200 bucks a year. So, Where is healthcare free? IMHO, Its not ever going to be free and alot of people think it is. In the end I realize that even if it is free someone pays.

I do not know how the rest of you feel but I am 'hunkering' down for another bad 4 years.

Best Regards,

coffee

 

[angry_geek]

What are you all so concerned with? It's all going to end in December. Duh!

 

[brock029]

What are you all so concerned with? It's all going to end in December. Duh!

I forgot all about that lol

 

[FremontPC]

Guys, you really need to get a handle on how fiat currency works. The US Dollar, for instance, is not backed by anything but US output. It used to be backed by gold, but that went away domestically in the 30's and became true on the Foreign Exchange in the 70's.

The federal gov't literally doesn't have to "get" anything in order to create more US Dollars. Most countries don't use "commodity backed" currency anymore. With this type of currency, it doesn't need "revenue" in order to spend. It doesn't need to "borrow" from the Chinese or anyone else. It doesn't need to sell bonds for "revenue".

States have to balance the budget.
You have to balance your budget.
Biz has to balance it's budget.

The US Federal Gov't doesn't have to balance it's budget. It's the sole producer of "NET" USD. The "Federal Deficit" is our "savings". If you want the Federal Gov't to "balance the budget", you're saying you want to give your savings back from whence they came. When the Federal Gov't spends more than it collects in taxes, the difference ends up in our bank accounts (you, me, states, biz, etc).

Stephanie Kelton lays it out pretty well here:

http://harryshearer.com/le-shows/october-28-2012/

Regards -

JH

 

[NYJimbo]

When I told him I hoped his business would turn around, he said that things where not that bad, but he was preparing for Obama.

The guy is an idiot. If he is doing all this because maybe Obama will hurt the economy then he is shooting himself in the foot. You downsize when you need to, not because you listen to Glenn Beck or Sean Hannity all day. Just because you got half the country feeling like they lost the superbowl doesn't mean the world is going to end. Bunch of whiny cry babies.

 

[1on1 Computer Services]

the guy is an idiot. If he is doing all this because maybe obama will hurt the economy then he is shooting himself in the foot. You downsize when you need to, not because you listen to glenn beck or sean hannity all day. Just because you got half the country feeling like they lost the superbowl doesn't mean the world is going to end. Bunch of whiny cry babies.

+10000000000


this

 

[NYJimbo]

The 6 Most Bizarre Freakouts Over Obama's Re-Election

http://news.yahoo.com/6-most-bizarre-freakouts-over-obamas-election-172956141--politics.html

 

[SilverLeaf]

The guy is an idiot. If he is doing all this because maybe Obama will hurt the economy then he is shooting himself in the foot. You downsize when you need to, not because you listen to Glenn Beck or Sean Hannity all day. Just because you got half the country feeling like they lost the superbowl doesn't mean the world is going to end. Bunch of whiny cry babies.

Wow! Like a beacon shining through the fog.

I DO believe, however, that difficult times are ahead. But, NOT specifically because of this election. As I said before, this problem has been a long time in the making.

 

[Boston Pro Comp Serv LLC]

What side you come down on makes little difference IMO. How the market or people react to what's going on plays a larger part. Anticipation of death is worse than death itself. With that being said, it seems many are anticipating. More over IMO the last four and the four to come are going in the complete wrong direction. Green energy isn't ready yet, masive entitlements, and over spending says it all. We are on our way to where much of Europe is already, the fact that people and politicians can't put aside factors that have no real impact is what is creating the problem.