US Budget Deficit Reaches $1 trillion

IamAlejo · 07-16-2009, 07:36 PM

Quote:

Originally Posted by The Unfan

It doesn't tell banks to keep up with bad loan practices because the banks already see how much damage that has done. It would be like saying that taking a child to the doctor for a burn sees that it can continue to play with fire because mommy will be right there to fix the problem.

I'm currently living in the U.S. economy. My job typically isn't that booming in the summer but it was by far one of the busiest Junes (although this month has sucked, but July always sucks for me) I've ever seen. Travel businesses have gone up since the stimulus package and that directly relates to my field of work.

Being someone that works in the financial sector, just about everyone where I work and in surrounding firms agree that it has given many of these banks the green light on some of their lesser regarded loan practices.

I live in the US economy, too. In fact, I deal with company's balance sheets, etc for work, so I've got a decent grasp of how things are going as well. Stating that it's busier where you are than normal isn't really all that indicative of anything. Is it because you are in a driving distance and people that would normally fly to other destinations are now driving and choose vacations closer than when the economy was better? Maybe it's not as expensive as other places that are close by? Much more to it than just saying "it's busier here, stimulus was effective".

And I'd love to see anything you have on travel going up since the stimulus. As compared to when exactly as well? Earlier this year? Last year? When?

~~The Unfan~~ · 07-16-2009, 09:09 PM

Quote:

Originally Posted by IamAlejo

Stating that it's busier where you are than normal isn't really all that indicative of anything. Is it because you are in a driving distance and people that would normally fly to other destinations are now driving and choose vacations closer than when the economy was better? Maybe it's not as expensive as other places that are close by? Much more to it than just saying "it's busier here, stimulus was effective".

The orders I process come from everywhere in the U.S. and Canada. It isn't just here. I had more orders to process this spring than I've had in the past 2 springs. I may be wrong but more people wanting travel guides logically means more people are travelling or at least considering it.

Quote:

And I'd love to see anything you have on travel going up since the stimulus. As compared to when exactly as well? Earlier this year? Last year? When?

I can't seem to find any article relating to it on the internet but I recall NBC having a report on it about a week back. Last year travel businesses did very poorly though.

IamAlejo · 07-16-2009, 09:56 PM

Quote:

Originally Posted by The Unfan

The orders I process come from everywhere in the U.S. and Canada. It isn't just here. I had more orders to process this spring than I've had in the past 2 springs. I may be wrong but more people wanting travel guides logically means more people are travelling or at least considering it.
I can't seem to find any article relating to it on the internet but I recall NBC having a report on it about a week back. Last year travel businesses did very poorly though.

Clearly doesn't factor in that a weaker American dollar makes it more attractive for foreigners to visit the United States these days, etc. Again, stating that because you believe more people are traveling [and I'm not sure the correlation you are trying to make is all that good of one], doesn't mean the stimulus is effective at all.

And Big3, I had something typed out and firefox crashed. I'll type it up tomorrow when I've got some sleep so hopefully it still makes sense then.

TheBig3 · 07-16-2009, 10:12 PM

take your time. I'm around at work with nothing to do tomorrow.

07-16-2009, 10:12 PM	#24 (permalink)
TheBig3 killedmyraindog Join Date: Aug 2004 Location: Boston, Massachusetts Posts: 11,172	take your time. I'm around at work with nothing to do tomorrow. __________________ I've moved to a new address