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alstry (34.68)

11.10.9...IT NOW BEGINS....UNPRECEDENTED!!!!!!!

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November 09, 2009 – Comments (25)

"We stand on the brink of a financial challenge of unprecedented magnitude in the history of this state,” Mr. Paterson told lawmakers as he warned that New York was rapidly running out of cash ...

While the state faces a deficit of more than $3 billion for the remaining four and a half months of this fiscal year, the greater worry among state officials are the unprecedented deficits the state faces in 2011 and 2012, after federal stimulus financing and a temporary tax increase on the wealthy expire.

“We’re going to fall off a cliff unless we get our revenues and our expenditures in true sync,” said Lt. Gov. Richard Ravitch ...

http://www.nytimes.com/2009/11/10/nyregion/10paterson.html?_r=1

YOU CAN'T ESCAPE FROM NEW YORK....THE GOVERNMENT ZOMBULATOR IS EVERYWHERE!!!!!!!

You will start to see words like "unprecedented magnitude" or "fall off a cliff".....you can only run a $2 Trillion dollar deficit for so long when your revenues are evaporating.....

25 Comments – Post Your Own

#1) On November 09, 2009 at 7:07 PM, IIcx (< 20) wrote:

ok, it's 11.09.09, eve of your call and the birds still fly, seeds retreat for spring, and the wind is starting to sing a holiday tune.

Holidays songs and love on the horizon.

Best, IIcx 

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#2) On November 09, 2009 at 7:39 PM, alstry (34.68) wrote:

NOW WE FEEL HEALTH CARE REFORM.....

New York spends $2,283 per capita on Medicaid, far more than any other state, and twice the national average, according to statistics compiled by the state budget division. Second is Rhode Island, which spends $1,659. The state also spends $14,884 per pupil on school aid, more than any other state and well above the national average of $9,138.

IN THE GREAT DEPRESSION...IT WAS ZERO!!!!!!!

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#3) On November 09, 2009 at 7:56 PM, jddubya (53.00) wrote:

LOL

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#4) On November 09, 2009 at 8:08 PM, IIcx (< 20) wrote:

LOL, your sound is an old radio news cast from the 50's. 

I have balls of string, rubber-band balls from old news paper deliveries, and paper clip collections from the angst of the great Depression that rival national monuments. And, the best you can do is spin "off a cliff"?

What a nation puts us through for all the right reasons is in a scrape book or for the kids so they never forget.

But, what a nation puts us through for all the wrong reasons is far more then this foolishness.

Do you actually have a point alstry or are you just one of those rubber-bands from the ball in an old draw?

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#5) On November 09, 2009 at 8:12 PM, Varchild2008 (85.18) wrote:

2,500 jobs lost at SPRING....  1,500 lost at ERTS...

Yes..11 10 09 is SUPER ACCELERATED LAYOFF  DAY.

If these 2 company's are cutting 4,000 combined jobs at the exact same time.... How many company's not publically traded on Stock Market Indexes in America are cutting jobs this month?  Or filing for Chapter 11 Bankruptcy??

Youthlings that buy Video Games are unemployed at well over 20%.

Recent article states that those unemployed are saying today's economic conditions WORSE than the 1982.1983 recession marking this environment perhaps the worst economy in U.S. History Post WW2 with ACCELERATED LAYOFFS just recently announced on top of the GLOOM.

WAKE UP PEOPLE!!!!     

Alstry isn't telling you all of this just so he can read the words he types.

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#6) On November 09, 2009 at 8:13 PM, Varchild2008 (85.18) wrote:

*oops*  SPRING = SPRINT

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#7) On November 09, 2009 at 8:25 PM, alstry (34.68) wrote:

NO WONDER TAX RECEIPTS ARE EVAPORATING...FEWER AND FEWER ARE CLOSING AND MORE AND MORE ARE SHUTTING DOWN!!!!!!

Solvay Advanced Polymers - 20 More Layoffs

Children's Hospital of Orange County - 42

Digital Rivers - Lost Customer = Layoffs

Chambersburg School District - Layoffs Possible

Update: Herbst Gaming - up to 200 Layoffs

AOL - 100 Layoffs Tomorrow? 

PG&E - 500

ABM Janitorial Services - 1,200 Undocumented Workers Left Go Last Month 

Sesame Bankhall ( International ) - up to 100

Sprint - 2,500 by end of 2009

Johnson & Johnson - 174 in Spring House

Update: EA -  1,500

Bombardiers - Production Cuts May Lead to Layoffs

Electronic Arts - Layoffs Issued Today?

UniCare Life and Health Insurance - 187

The Center for Disability Services in Albany - Budget Cuts = Possible Layoffs

Vodafone ( International ) - More Layoffs Expected

University of Nebraska - 300+ Layoffs?

City of Ketchikan - 23 Possible Layoffs

Pfizer - 600

Star Tribune - 100

Nortel Networks in Richardson - 56

Hedge Fund John W Henry & Co. - Slashes 1/4 of Staff

Conway Layoffs Cut Deep

Sanford Corporation Start Layoff at its Janesville Plant - Jan. 2010

US Lawyer Job Cuts the Worse for 30 Years

Finnair ( International ) - Cuts Capacity 12% = Layoffs Possible

City of Grand Rapids - up to 150 Layoffs, Jan. 1

Creekside Mushrooms - 260

Update: Cooley Dickinson Hospital - Layoffs Today

Houston "Big Oil" -  Creating Job Layoff Fears

Mount Bachelor Educational Center Inc.

Catevo Group Closing - 25 Layoffs

Update: Happy Foods in Skokie Closed

The Crystal Cinema in the Town of Erwin

 Sonic drive-in on Apperson Drive in Salem

Western Refining Inc Plans to shutter its Bloomfield, N.M.Refinery

Hawker Beechcraft Corporation Closing Salina Plant

Pandl's in Bayside

First National Bank Closing Riverside Office

Article: Rest Areas Closing All Over the States

Proctor and Gamble closing Miami R&D Facility 

Kmart in Danville Closing

Gebtans & Orlando Clothiers in Detroit 

Pfizer closing 6 out of 20 R&D Sites

St. Vincent de Paul Thrift Store

Update: Aurora Pharmacy in Merrill Closed

UI Medical Laboratories ? Closing Tool Repair Center

National City closing 15 Branches

Simple Elegance Bridal and Formal Wear

Country's Life in Warwick

United Postal Service Possibly Closing Office in South Syracuse 

COULD YOU IMAGINE WHAT THINGS WOULD BE LIKE IF THE RECESSION WAS NOT OVER OR WE WERE NOT RUNNING A $2 TRILLION DOLLAR STIMULOUS????

The above are just today's link's from dailyjobcuts.com....My favorite Fools...if you are using The Great Depression as a benchmark...you ain't even close.

Success comes not from being where the puck is...but where the puck is going to be....

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#8) On November 09, 2009 at 8:30 PM, dwot (98.21) wrote:

Agreed Astry.

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#9) On November 09, 2009 at 8:35 PM, lquadland10 (< 20) wrote:

and FL. was proud that they used the stimulas money for a payraise for their teachers. Sech................ Well we will see.

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#10) On November 09, 2009 at 9:23 PM, alstry (34.68) wrote:

http://www.azleg.gov/jlbc/mfh-oct-09.pdf

AZ tax revenues are DOWN almost 30% in two years........

Again....this bad while running a $2 Trillion dollar defict.......

 

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#11) On November 09, 2009 at 9:28 PM, Bkeepr100 (< 20) wrote:

Banks are also refusing to cash checks in our area over 2 grand total, if you want the physical cash back.  Sounds like they might be having problems with balance sheet, ect.

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#12) On November 09, 2009 at 9:55 PM, OneLegged (< 20) wrote:

Gretzky and Buffet are not all that far removed from each other......

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#13) On November 09, 2009 at 10:12 PM, AvianFlu (28.75) wrote:

the TOTAL federal budget in the last term of FDR's presidency was about 8 billion dollars. Adjust for inflation that would be about 160 billion today. Just think how much bigger the federal government is now. The socialists have taken over! Are you getting your money's worth?

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#14) On November 09, 2009 at 10:15 PM, alstry (34.68) wrote:

Exactly...no better business for a massive depression with high carbon prices than the railroad business.....

if people only knew how good a bridge player Buffett really is....

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#15) On November 09, 2009 at 10:39 PM, awallejr (80.26) wrote:

Going to be a monthly theme there with you now huh Alstry? I guess until 12/13/12.

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#16) On November 09, 2009 at 10:50 PM, booyahh (< 20) wrote:

you have OCD (obssessive compulsive disorder).

go see a therapist.

 

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#17) On November 09, 2009 at 10:53 PM, alstry (34.68) wrote:

Naw....just staying consistent.

9.09 You Knew

11.10.9 You Feel

12.11.10 You Squeal....but then its over...just not sure whether you are alive!!!!!

Minnesota Can't Pay Corporate Refunds

New York Challenges of Unprecedented Magnitude

CA's Hole So Deep Hoping for an Earthquake to Collect From Buffett's CAT policy

Conn, Ariz, GA, Mich....and practically every other state seeing tax revenues evaporate AT RATES NEVER SEEN BEFORE.......

Just part of the natural progression of Zombulation....and you are not rich enough to make a difference.....and niether is every other American combined.....do you know what happens when citizens can no longer serve the financiers?????

You are about to find out.....keep watching the ticker, it is less painful that way....you are about to get probed very deeply from behind.....it is inevitable....it has happened to every other nation before us who acted similarly and the citizens failed to take responsibility.

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#18) On November 09, 2009 at 11:06 PM, MikeBobulinski (< 20) wrote:

Been following your rants for some time now, and I am not sure what I knew on 9.09 that was any different than any other day.  

In about an hour it will be 11.10.  Right now I feel tired.  In an hour, I'll feel even more tired.  I imagine by the time I hit the rack, wake up, and head for work that I will feel little different than I did yesterday, the day prior...in fact I don't expect to feel much different than I did when I knew, back on 9.09.

Given that I am still mystified by what exactly I am supposed to know and now all of a sudden feel coupled with the fact that while a large person, I am not prone to squealing, I am thinking that 12.11 will not be any different for me.  If your year mark for that date is not a typo, and you are looking a year into the future, I will probably be complaining a little bit as I will likely be deployed and away from my family during the holidays to follow.

Overall, the links you post are informative, but one could just as easily summarize your rants with a couple of short sentences:

1.  The economy started sucking a few years ago, and it still sucks.

2.  The job market is not improving nor is it likely to do so in the near future.

Of course, we could just wrap it all into one sentence and say, "The economy sucks."  That is not as melodramatic as your approach, but I would venture to say it has the same affect.

Fool on... 

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#19) On November 09, 2009 at 11:21 PM, alstry (34.68) wrote:

The economy started its downturn about two years ago....

The only reason the economy just sucks is because we are running a $2 Trillion dollar deficit masking the symptoms of the underlying disease.......something our government has always avoided in the past at this dosage due to the paliative effect being worse than the disease.

Just because a patient is on morphine doesn't mean the disease isn't progressing....it is just that he doesn't feel...until there is nothing left to feel as the patient finally expires.

The fact that you didn't think it was significant that the FDIC, FHA and Pension Guaranty were all out of money at the same time while we were running a massive and unprecedented stimulous program demonstrates conclusively that the morphine is working.

Can you imagine how good a homeless person would feel if you loaned him or her one million dollars????  You think you are any different????

Zombulation has no prejudice.

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#20) On November 09, 2009 at 11:29 PM, alstry (34.68) wrote:

11.10.9  EMERGENCY!!!!! CODE BLUE.....

NJ Gov. Chris Christie Consider Declaring Financial State of Emergency 

HMMMMM.  A FINANCIAL STATE OF EMERGENCY>>>>

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#21) On November 09, 2009 at 11:36 PM, alstry (34.68) wrote:

Please note my fellow Fools:

The last crisis was simply the credit crisis that almost brought our nation down.

This is the Government Crash....., the part of the economy that drives all the other parts.....this is the second wave of the Tsunami that does the real damage.

Just like you were told that the last crisis was unforeseeable...you will be told the same thing this time around again.  Sorta like deja vu all over.....except there will not be a time after this one for a long long time.

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#22) On November 10, 2009 at 12:08 AM, jddubya (53.00) wrote:

LOL - quite amusing actually... "CODE BLUE..."  LOL

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#23) On November 10, 2009 at 12:17 AM, alstry (34.68) wrote:

It is code blue because this is the one that goes after that essence our our nation...our system of government.

Without money...it is difficult to govern......and we have a very BIG government.....and government is running out of money at a rate never seen before.

So while the money guys are extending and pretending.....the real players are pending for defending.

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#24) On November 10, 2009 at 12:55 AM, Rasbold (91.97) wrote:

Alstry, you chode!

 The Governor "Elect" is considering the possibility of declaring a fiscal emergency!

At least make the headline match...or are you working for Prison Planet?

...and Warwick???? Dude, I used to LIVE there. None of those main street shops, except for the Chevy Dealership and Burger King ever had any more than 600 square feet and about 4 employees....hardly news!

 But yes, the economy blows, especially here in Northern Cali.

 

May Your Dow Never Jones!

 

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#25) On November 10, 2009 at 2:22 AM, awallejr (80.26) wrote:

Well Alstry I did notice that you red thumbed a bunch of gold mining stocks recently.  That move kind of surprised me, afterall gold plays in to both the "inflation down the road" thesis and "chaos" thesis.  But at least you have the guts to make picks unlike Ms. gutless DWOT who had closed out her picks to basically "lock in" her score. 

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