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World of Concrete conventioneers unconvinced on stimulus plans

Engineering News-Record’s correspondents at World of Concrete in Las Vegas have been gleaning folks’ opinions on the prospects for the federal stimulus package. My favorite quote:

Reviews were mixed on the show floor. James Hughes, executive vice president of Little Ferry, N.J.-based exhibitor Doka USA, said “the jury’s still out” on the stimulus issue. “Everyone’s hoping.” But in one of the outdoor booths, Ahern Rentals President Don Ahern said the company is not pinning its hopes on stimulus. Despite a global credit crisis, the Las Vegas-based manufacturer of Xtreme telehandlers is plowing ahead with expansion plans in 2009. “The stimulus package is a joke. I have zero faith in our government,” said Ahern. “We are going to have to stimulate ourselves. Every businessman will have to get it done.”

Hmm, I bet Ahern still flies into airports regulated by the FAA, but his final point bears repeating: all this talk of government bailouts has everybody sitting on their hands playing wait-and-see when they need to be redoubling their efforts to find new markets, find new customers, build better stuff.

Opportunities, much like Cat’s stock, are much cheaper in a down market.

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Tom Mangan posted at 12:05 pm February 11th, 2009 |

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