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alstry (35.70)

About Effing Time!!!!!

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22

May 20, 2009 – Comments (11)

From Mish's Blog:

A state panel this morning slashed the salaries of elected state officials by 18% -- a day after voters rejected a plan by the governor and Legislature to address the budget crisis.

Citing pay cuts and layoffs being imposed on rank-and-file state workers, the California Citizens Compensation Commission approved the reduction for the governor, legislators and other state officials elected next year.

"I think they should share in the sacrifices that everyone else has had to encounter," said Commissioner Kathy Sands, a former Auburn mayor, after the panel's 5-1 vote at a meeting in Burbank.

The commission had wanted to decrease current officials' pay, but the panel's attorney said California law does not allow that.

http://globaleconomicanalysis.blogspot.com/2009/05/california-voters-immediately-rewarded.html

About damn time!!!!!!!!!!!!!!  Now send the message to Washington.....to the FED....and Geithner....and New York.....and Florida.....and every damn government official  in the nation.  How about a bunch of PUBLIC CEOs and other public executives too!!!!!!!!!!!!!!!!!

I am tired after blogging time and time and time again about workers getting fired and wages reduced from company after company after company after company from industry after industry after industry....... that those doing the firing and wage reducing aren't feeling any pain.

It about time....now let's hope the message gets LOUDER!!!!!!!!!!!!!!!!!! and LOUDER!!!!!!!! until someone gets the message that the Zombification of our nation is not working.

Now this is some preparing!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

11 Comments – Post Your Own

#1) On May 20, 2009 at 6:30 PM, alstry (35.70) wrote:

Why are they stunned?????  Alstry warned em ALL!!!!!!!!!

Huge deficit stuns Cincinnati officials

A struggling economy and a forecast of income tax revenues that was far off the mark has Cincinnati City Council staring at a $40 million budget deficit through 2010 - sparking talk of layoffs and cuts in service in the year to come.

Council's finance committee received a report from the city's finance department Monday saying the city was already $7.7 million behind its revenue forecast by the end of April. And, if the trend continues, the city could face a deficit of about $40 million through next year.

"Hell would have to freeze over for us to get out of this," said Council member Leslie Ghiz. "There will be layoffs. There will be cuts. And it will be painful."

http://news.cincinnati.com/article/20090519/NEWS0108/905200319/Huge+deficit+stuns+city

It really is incredible these jokers are stunned after all the blogging that Alstry has done on this subject on CAPs for the past year.

And if any of you are stunned.....it is your own fault......

PREPARE....DON'T FEAR.....when Alstry is near.

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#2) On May 20, 2009 at 6:47 PM, Varchild2008 (84.36) wrote:

Do I exit now out of all of my equities due to the impending Hyperinflation partnered with the Crashing Halt of Consumer Spending??? Or continue to go long?

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#3) On May 20, 2009 at 7:23 PM, awallejr (80.13) wrote:

Ok I actually do agree with your initial blog.

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#4) On May 20, 2009 at 7:34 PM, alstry (35.70) wrote:

awa,

I have little doubt in the not too distant future you will be agreeing with most of my blogs........

Remember, Alstrynomics is all about being right.....and I only want you to agree when I earn the right to be agreed with....

by being disagreeable....it only make you more critical of my work.....it is easy to agree with a likable person....but it takes excessive talent to agree with a disagreeable person....

Alstry doesn't like his perspective right now...but it is what it is as the facts lead him to what will likely be some of the most challenging times in American history....and that doesn't mean he likes it, desires it, or feels good about it.  The facts simply lead him to a certain conclusion....period....whether anyone agrees with him or not.

Alstry wants to be viewed as the Doctor of Alstrynomics who is the most skilled surgeon in the world.....he does not aspire to be the most popular doctor......and if he has a disagreeable personality....the only way he can achieve his goal is to simply be the best........because you only respect a prick if he is good!!!!!

Alstrynomics is all about being right.....and you should always be critical....even of Alstry....and even if he is right.....because no one wants to know when he may be wrong.....more than Alstry.

In the end....it is all about wanting to improve....even if you are the best.

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#5) On May 20, 2009 at 9:24 PM, alstry (35.70) wrote:

FU Virus causing DEPRESSIONS around the world....The Institute of Alstrynomics offically raises it to a Level III pandemic.....Prepare!!!!!

Singapore economy shrinks 10.1%, no recovery seen

Japan yesterday...Singapore today......who knows tomorrow...

And the idiot "economists" are talking green shoots and recovery from a recession this summer......

Soon Alstrynomics will take over economics....why???  because people will demand the TRUTH!!!!!!

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#6) On May 20, 2009 at 10:30 PM, awallejr (80.13) wrote:

Well of course those economies shrank, they relied on exporting their overpriced crap to the US.  Personally I doubt they will ever recover if they just hope on a revival from US importing.  Asian economies simply have to start building up their own middle class. 

People think China somehow will supplant the US as the world powerhouse, yet people fail to understand that China is a communist country, not a capitalist country.  Infrastructure play is what is pushing China's economy at the moment, not internal consumption growth. 

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#7) On May 20, 2009 at 11:30 PM, alstry (35.70) wrote:

Now you are coming along awallejr....if we can't afford  to buy and they have no one to sell to......then what????

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#8) On May 20, 2009 at 11:41 PM, awallejr (80.13) wrote:

They produce different things.  We do like to buy notebooks now.  We don't need to buy $50 designer shirts. We don't need $30,000 cars.  Cater to the new market.  You get creamed getting rid of the old inventory, but new inventory meeting the new market can still be profitable. Also, Asian countries really do need to start building up their own middle class.  I just have my doubts about China simply because it is a communist country.

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#9) On May 21, 2009 at 12:07 AM, alstry (35.70) wrote:

Have you been to China lately????  My guess not.  They may be communist, but the economy is a lot more open than ours.

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#10) On May 21, 2009 at 12:30 AM, awallejr (80.13) wrote:

No I have not.  But I also never bought into that whole "decoupling" argument either.  We saw what happened once the US shut itself down.   When I see a "middle class" actually grow there, I might feel otherwise, but a "middle class" is counter to the philosophy of  communism.

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#11) On May 21, 2009 at 9:49 AM, mliu01 (< 20) wrote:

18% wont do shit. Not enough at all.

 Sick and tired of those talking heads on TV. All liars.

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