Here's One Private Business Which is Thriving in the Obama Administration

Loeb Equipment ^ | 21 June 2012 | Loeb Equipment & Appraisal Company

[Vigilanteman]

Loeb is Chicago based but no crony capitalism connections. We have recently bought factory equipment to upgrade our own operations for pennies on the dollar.

Still, new offers for liquidations keep coming in. Loeb Equiment and Appraisal Company is just one factory liquidator in the country, but they have some awfully good stuff to offer. Some of it very up to date.

[Vigilanteman]

So what are the going to sell after Obama's people strips and steals the last of the copper wiring?

[Uncle Ike]

” Loeb Equiment and Appraisal Company is just one factory liquidator “

Scavengers always thrive on a dead, rotting, corpse....

[null and void]

*shrug* After you’ve sold the inventory, the equipment, the building and the land, it’s time to sell the people.

[Jim from C-Town]

Companies like this one used to thrive on companies that replaced machinery. Now they are busy selling equipment of mid size companies to our new overlords in China and Singapore.

Welcome to Obamination!

[Drew68]

Here's One Private Business Which is Thriving in the Obama Administration

Lots of private businesses are thriving under Obama. Off the top of my head are repo men, collection agents and bankruptcy attorneys. I'm sure there's more.

[Redleg Duke]

In other words, "Looters".

Anne was right all along!

[andy58-in-nh]

Gun and ammunition manufacturers are doing rather well, too.

[Hootowl99]

It seems some of the commenters do not understand the equipment business, new vs. used. This used equipment vendor is really no different a niche than the role a used car vendor fills.

Companies upgrade obsolete or surplus equipment and yes, sometimes go out of business. One way or another, equipment will either get sold or go to the scrapper for its value in recycle metal, etc.

I freaked out a couple of years ago when one of my clients sold three 316 stainless tanks (500, 4000 and 10,000 gallons) for scrap metal. I could have put them in contact with an equipment reseller that easily could have gotten them 20 times the cash. Stupid bean counter wanted to have his balance sheet nice and clean though. By the way, the bean counter was fired a few months later.

[TruthShallSetYouFree]

Lots of private businesses are thriving under Obama. Off the top of my head are repo men, collection agents and bankruptcy attorneys. I'm sure there's more.

Manufacturers of red ink.

[GaltMeister]

Title/Payday Loan companies and pawn shops are thriving.

[Vigilanteman]

Stupid bean counter wanted to have his balance sheet nice and clean though.

Not to brag, but before my company hired me, we would regularly pay the trash man to haul away materials no longer in use by the dumpster or even the truck load. Now, we get paid for it or, at worst, get it hauled away for free. And equipment which we consider obsolete is often considered leading edge in places like Brazil or Indonesia.

It isn't always easy, though. Sometimes, the bean counters get really irate when I don't have a buyer found within their artificially imposed deadline and even places like Loeb won't take everything.

[Drew68]

Title/Payday Loan companies and pawn shops are thriving.

Yep, those too. I can add to this list the "We Buy Gold" and "Internet Sweepstakes" businesses that have sprouted like weeds all over the formerly vacant strip malls here in NE Florida as further successes of this Obama economy.