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05-04-2009, 09:06 AM
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CC Member
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Join Date: Jul 2003
Location: Huntsville, AL,
AL
Cobra Make, Engine: 90% of a 428 friggin SCJ Engine!
Posts: 4,474
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Not Ranked
Smart kids, do not go into banking
Obama's advice was offered on The Tonight Show with Jay Leno (see video). "We need young people, instead of -- a smart kid coming out of school, instead of wanting to be an investment banker, we need them to decide if they want to be an engineer, they want to be a scientist, they want to be a doctor or a teacher," the president said.
Rest of the story here.
Mike
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Happy to be back at Club Cobra!
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05-04-2009, 09:38 AM
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CC Member
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Join Date: Jul 2003
Location: Huntsville, AL,
AL
Cobra Make, Engine: 90% of a 428 friggin SCJ Engine!
Posts: 4,474
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Not Ranked
Source here
WASHINGTON – Wall Street is not going to play as dominant a role in the economy as regulations reduce "some of the massive leveraging and the massive risk-taking that had become so common," President Barack Obama says.
The changes in the role of Wall Street and the huge profits that came from that risk-taking could mean other adjustments as well, Obama said in an interview in this week's New York Times Magazine.
"That means that more talent, more resources will be going to other sectors of the economy," he said. "I actually think that's healthy. We don't want every single college grad with mathematical aptitude to become a derivatives trader. We want some of them to go into engineering, and we want some of them to be going into computer design."
The Obama administration is trying to restore more regulations on the financial sector to avoid some of the risk-taking that helped cause the current economic problems.
"Wall Street will remain a big, important part of our economy, just as it was in the '70s and the '80s," he said. "It just won't be half of our economy."
Obama said he expects that government efforts to fix the economy will cause long-term changes.
"What I think will change, what I think was an aberration, was a situation where corporate profits in the financial sector were such a heavy part of our overall profitability over the last decade," he said.
Obama said he's confident that people will regain trust and confidence in the financial system, but he believes it will take time.
"I think it's important to understand that some of that wealth was illusory in the first place," he said
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Happy to be back at Club Cobra!
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05-04-2009, 09:58 AM
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Senior Club Cobra Member
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Join Date: Dec 2003
Cobra Make, Engine:
Posts: 2,705
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Not Ranked
Great...that's all we need in this country is more engineers who can only deal with imaginary numbers.
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If you can't stay on the road, get off it!!
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05-04-2009, 10:10 AM
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CC Member
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Join Date: Jul 2003
Location: Huntsville, AL,
AL
Cobra Make, Engine: 90% of a 428 friggin SCJ Engine!
Posts: 4,474
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Not Ranked
No, we can deal with real ones too. Makes us more versitile.
Mike
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Happy to be back at Club Cobra!
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05-04-2009, 10:13 AM
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Senior Club Cobra Member
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Join Date: Dec 2003
Cobra Make, Engine:
Posts: 2,705
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Not Ranked
Quote:
Originally Posted by bomelia
No, we can deal with real ones too. Makes us more versitile.
Mike
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Bloody hell Mike! I was counting on you (as a fellow engineer type) to get the joke! Bankers dealing with imaginary money going in to engineering to deal with imaginary numbers...
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If you can't stay on the road, get off it!!
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05-04-2009, 10:20 AM
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CC Member
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Join Date: Jul 2003
Location: Huntsville, AL,
AL
Cobra Make, Engine: 90% of a 428 friggin SCJ Engine!
Posts: 4,474
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Not Ranked
Oh, I got the joke.
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Happy to be back at Club Cobra!
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05-04-2009, 10:43 AM
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Canadian Gashole
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Join Date: Mar 1999
Location: Quebec, Canada,
QC
Cobra Make, Engine: Johnex 427 S/C, 351W, 472 HP, 444 lbs. torque
Posts: 2,455
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Not Ranked
At least he didn't suggest that the bright students should all become lawyers.
Wayne
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Don't get caught dead, sitting on your seat belt.
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05-04-2009, 10:55 AM
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CC Member
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Join Date: Sep 2002
Location: Baton Rouge, Louisiana,
La.
Cobra Make, Engine: Waiting to Order a BDR, engine to be a SA C408. TKO to hook it up.
Posts: 1,259
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Not Ranked
ohh they're way to bright to do that
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Pull a gear .... drop the hammer .... and enjoy the Drive !!
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05-04-2009, 10:57 AM
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CC Member
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Join Date: Sep 2002
Location: Baton Rouge, Louisiana,
La.
Cobra Make, Engine: Waiting to Order a BDR, engine to be a SA C408. TKO to hook it up.
Posts: 1,259
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Not Ranked
ya'll knew I was kidding right ?
Last edited by Doug I; 05-04-2009 at 10:59 AM..
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05-04-2009, 07:41 PM
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Club Cobra Member
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Join Date: Jun 2002
Location: Fresno,
CA
Cobra Make, Engine: Classic Roadsters, 351W -> 392
Posts: 1,086
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Not Ranked
Mr. Obama,
follow the money.
D.A.
teachers..... duh.
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"Smooth seas do not skillful sailors make"
"If you can read this, thank a teacher....and since it's in English, thank a soldier."
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