US Economy thread

[noblewarrior]

The US prints money because it can because it is backed fully by the US military and is the reserve currency of the world.

Do I own other things because I believe that this may not always be the case?  Yes.

But people crying about the national debt have been doing it for 50+ years.  And yet, here we are.  Still on top.

Life couldn’t be better!!!

[Hards Alumni]

Well, it certainly could be.  But the national debt concerns are alarmist nonsense going on five decades.  The dollar has never been stronger worldwide.

[MU82]

Hey, look at what's gonna be built on the Foxconn Boondoggle site - a great American company actually building an important American operation that will bring real training and real good-paying jobs to real Americans.

https://www.jsonline.com/story/money/business/2024/05/08/microsoft-biden-to-highlight-major-boost-in-ai-training-in-wisconsin/73588095007/?

Microsoft plans a major expansion of artificial intelligence education and job training programs in southeast Wisconsin, along with a huge increase in its plans for a data center complex now under construction in Mount Pleasant.

Microsoft Corp. President Brad Smith will be joined by President Joe Biden in Racine County on Wednesday to highlight Microsoft's moves, which build upon the company's previous investments in the state.

[The Hippie Satan of Hyperbole]

Brad Smith was born in Milwaukee and raised in Appleton. Microsoft has made a bunch of investments in the state that he has been involved with.

Oh and the CEO has a degree from UWM - forgot about that.

[Uncle Rico]

Hey, look at what's gonna be built on the Foxconn Boondoggle site - a great American company actually building an important American operation that will bring real training and real good-paying jobs to real Americans.

https://www.jsonline.com/story/money/business/2024/05/08/microsoft-biden-to-highlight-major-boost-in-ai-training-in-wisconsin/73588095007/?

Microsoft plans a major expansion of artificial intelligence education and job training programs in southeast Wisconsin, along with a huge increase in its plans for a data center complex now under construction in Mount Pleasant.

Microsoft Corp. President Brad Smith will be joined by President Joe Biden in Racine County on Wednesday to highlight Microsoft's moves, which build upon the company's previous investments in the state.

Hopefully

[JWags85]

Hey, look at what's gonna be built on the Foxconn Boondoggle site - a great American company actually building an important American operation that will bring real training and real good-paying jobs to real Americans.

Id wait to see what percentage of hires/jobs are filled by lower paid H1B visa holders before declaring that.

Thats not an immigration complaint as much as a reaction to stuff Ive heard out of friends and colleagues in Silicon Valley.

Though I think its still a major upgrade over the Foxconn situation.

[MU82]

Id wait to see what percentage of hires/jobs are filled by lower paid H1B visa holders before declaring that.

Thats not an immigration complaint as much as a reaction to stuff Ive heard out of friends and colleagues in Silicon Valley.

Though I think its still a major upgrade over the Foxconn situation.

Fair enough. And that goes for Unk's post, too.

Let's just say I have a lot more confidence in Microsoft following through than I ever did in Foxconn.