Word: demands
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Dates: during 2000-2009
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Vengeance is mine, saith the Lord, except that right now everyone wants a little piece of it. The mob has been chanting for months, ever since former Treasury Secretary Henry Paulson arrived in late September on Capitol Hill to warn of disaster, pass around his three-page plan and demand $700 billion to fix the problem. Most members of Congress were so spooked they were ready to write a check, until their phone lines started melting with the angry voices of taxpayers demanding details about the likely return on the investment. But even the minimal strings attached did not prevent...
...decrease in demand for workers and parts does have an upside for those still in the race. "The parts we buy are in some instances half-price from last year, so your $600,000 engine program may cost $300,000 this year," says Kalik. "Same engine, same everything - just tremendously less demand. Therefore the engine builders and chassis builders are hungry for the dollar, so they'll work for less...
...harm's way and then safely out. Even worse, while the Air Force wants more fighters from a bygone era, it has been underbuying the drones that will rule the skies in the future. Though the number of unmanned aircraft is soaring, it hasn't kept pace with the demand in Afghanistan and Iraq, where requirements for full-motion video are growing 300% annually. For every F-22 that isn't bought, the Air Force could add about a dozen desperately needed drones to its fleet...
...succeed, Gates will need backing from Obama, along with a plan to spend defense dollars more smartly, during the recession. Despite the protestations of lawmakers, defense spending is an inefficient way to create jobs because the skills that defense jobs demand require premium paychecks. (Civilians working on missile defense for Boeing in Arizona earn three times the state average, the company boasts--great for them, but not so good for taxpayers or the unemployed.) Gates has sent the White House $10 billion in military projects to include in the stimulus package--barracks, hospitals, clinics, child-care centers--that can more...
Consider our recent track record. Last July, Congress passed a bill to help the housing market. In an effort to churn demand and stabilize home prices, the bill created a $7,500 tax break for first-time home buyers. It also created a program to prevent foreclosures. Unfortunately, no major lenders signed up. Bottom line: only 25 loans have been rewritten...