Obama: Too much debt could fuel double-dip recession

[Riot]

Originally Posted by Bigsmc

I don't have numbers, but I know we are much busier in the fourth quarter of this year and steadily hiring. The only thing that has changed from the first three quarters is that we have several stimulus funded (or stimulus assisted) projects.

Increased profits have nothing to do with the package, they have to do with our performance. Also, the bidding for these projects is ravenous so you have to anticipate that the margins will be slightly lower.

*regrets entering the politics/society room*

What industry, if I may ask?

[Danzig]

my accounts related in any way to timber, forestry and construction are way down. the weather here much of the year has had a detrimental effect on timber harvests, which in turn has increased the cost of timber. in a down market, it's better for plywood and osb mills to temporarily halt production then to pay inflated prices due to the impossibility of logging. this will last months as the woods are so wet, and we don't see a change in the flooding for months.

defense on the other hand is growing, i've got several accounts that are growing rapidly--too bad tho that overall we're down. our production accts are suffering, but hospitals and schools are up. but not enough of the latter to offset the former. and then there's the fact that recent tornadoes put a huge hit on one of the universities. it's been one hell of a year down here. any potential road construction projects have been delayed due to the weather, and farmers down here are losing hundreds of millions of dollars due to record rain.

[Bigsmc]

Originally Posted by Riot

What industry, if I may ask?

Construction, specifically bridges.

[Riot]

Originally Posted by Bigsmc

Construction, specifically bridges.

Ah, yes, I see Scavs standing by one in your avatar ? .... (or yeah, it could be a CD barn ... )

Just wondering, as I know alot of the dollars have gone to trying to make infrastructure safer. '

Zig's take on what she's dealing with is interesting. My profession (vet med) survives on disposable income dollars, but there's quite a bit of hiring and new construction, expansion going on these past couple of months.

The infrastructure is a significant problem and I can't fault Obama pushing for proper funding.

The highways in Kentucky are pretty sorry. Used to have some of the best roads in the country.

[Antitrust32]

Originally Posted by Bigsmc

Construction, specifically bridges.

really.. My buddy was building bridges all over FL (just got laid off though.. so maybe not the same company!)