Posted on 04/14/2010 1:02:55 PM PDT by kcvl
I've been working for 18 months on a 3 million dollar (roughly) IT investment. The powers that be are terrified to pull the trigger on it.....but they also want the functionality the new equipment will provide them. Makes for interesting conversations...
Them: "We need something that does 'A', 'B', 'C', and sometimes 'X'.
Me: "No sweat. That'll run about 3 million bucks."
Them: "Well, we can't spend 3 mill."
Me: "OK, well, then you can't have A, B, C, and X"
Them: "But we NEEED all that stuff."
Me: "OK, that'll cost 3 million."
Them: "But we don't WANT to spend...."
And so on. 3 million isn't chump change, but it won't bankrupt my company, either. I think that the current economic environment just has them scared stiff.
The only reason the market is rising is because employers have trimmed their payrolls which improves the bottom line on the financial statement and overall profitability. Obozo had nothing to do with it only providing the impetus for employers to cut their workforces. The economy has not grown at all.
Ditto the magazine editors, etc etc etc.
Tru Dat
Yup. Husband laid off, finally found another job at much lower salary... Things are just peachy here.
Everybody is afraid of margin erosion due to the enormous new taxes on the track. I have had a few of these deals put on the shelf by the buyers, until they have more visibility.
Get used to it. This is essence of the "recovery" - peonage jobs for everyone. Remember when you ask for a raise, that's inflationary, not governments and central banks debasing a currency, but you asking for a raise.
A woman sat next to me on the train coming home tonight and asked how I was doing. I said OK and asked her how she was. She replied overworked and underpaid. That is the new “acceptable” norm. In other words, we’re supposed to be thankful to have jobs. It’s still tough out there. This is a jobless so-called recovery which means — it’s not a recovery at all.
I'm sure that the execs (and the owner, especially) feel like they've got a big bullseye drawn on their backs. Which frankly, they do.
Helmets and hunker down, we all should do the same. The quickest way to cut off the out of control government spending is exhaust it’s money supply.
I am looking forward to tax day receipts reports from the fed.
I'll take a wild guess and say that whatever they are, analysts will pose the results as "unexpected".
LOL ... the universal lame stream media retort story ...
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