Use access key #2 to skip to page content.

alstry (35.41)

Are Economists prepared for RIOTS???

Recs

15

July 27, 2009 – Comments (14)

As the Green Shoots boys are singing high, and Benny B is continuing  to lie.....government is breaking down across the nation......

LA Times today

Reporting from Sacramento -- California is so slow in handling appeals from workers denied unemployment benefits that it may take years to catch up, state officials say. And the backlog is getting worse.

With unemployment now at 11.6% in California and rising, there is a record backlog of more than 82,500 Californians who have appeals pending on their eligibility for checks of as much as $475 a week. At the same time, the state is about to furlough for three days a month the judges and support staff who handle the appeals.

..................................................................

After weeks of wrangling, Orange County Sheriff Sandra Hutchens will present the Board of Supervisors Tuesday with restructuring plans that include $20.5 million in cuts — the most significant in the department’s history.

“These are services that we believe are quite important to maintaining public safety, that we’re just not going to be able to continue,” said sheriff’s spokesman John McDonald. “There’s a possibility somebody could get away with murder, but you can only afford what you can afford.”

......................................................................

Cuts in the Judiciary, Cuts in the Police Force, Cuts in the Prosecutors office........................

When the Justice System breaks down..........there ain't much left.............................PREPARE!!!

9.09 is almost here..........................

14 Comments – Post Your Own

#1) On July 27, 2009 at 11:48 PM, alstry (35.41) wrote:

How long before people protest????

South Florida taxpayers will soon pay more, get less

 

The bust in property values opened vast budget holes for local governments, and taxpayers across the region are sure to notice the difference. Report this comment
#2) On July 27, 2009 at 11:58 PM, alstry (35.41) wrote:

Just like Alstry said....Obama's spending saving the economy???

Commenting on the results for the third quarter, Jacobs President and CEO Craig L. Martin stated, "While our public sector markets - led by national government programs - remain good, our growth there was insufficient to offset declines in our private sector markets. Consequently, our results for the quarter were disappointing. The market remains uncertain, with economic conditions, oil prices, and business confidence reflecting that uncertainty. Our business model positions us well in challenging times, so we expect to capitalize on the opportunities these times create."

http://www.marketwatch.com/story/jacobs-engineering-group-inc-reports-earnings-for-the-third-quarter-of-fiscal-2009-2009-07-27 Report this comment
#3) On July 28, 2009 at 12:08 AM, alstry (35.41) wrote:

9.09 Getting Closer!!!!!!!!!!!!!!!!!!!!

Taxpayers giving money to banks at 1/4% and banks loaning it back to taxpayers at 4%???????????????????????  While banks raising  interest rates on taxpayers and foreclosing on their homes???????????????  Insolvent banks foreclosing on insolvent citizens?????????????????????????  Bankers getting billions in bonuses??????????????????????????

 

Why can't citizens borrow money at 1/4% and loaning back to the government at 4%??????????????????????????????????

 

 

Report this comment
#4) On July 28, 2009 at 1:21 AM, Donnernv (< 20) wrote:

Alstry:

I am concerned for you.  No normal person types four blogs each day pounding on the same little drum.  Don't you have a job or a hobby?

Don't you have a family or some friends?  Doesn't your Mom's basement have an entry to the outside?  Buy a bike or a scooter and get some exercise.  Even (gasp) buy a TV.  Watch Judge Judy or the History Channel.

But for Lord's sake, man, get some kind of a life.  This pattern is demented.

Report this comment
#5) On July 28, 2009 at 1:29 AM, alstry (35.41) wrote:

Donner,

Is Alstrynomics finally sinking in???......no money for government means no money for the rich......somebody is going to have to pay for our defense.....

What don't you get about no money?????

Is it the "no" or the "money"?

Remember, your dollar bills in your wallet are simply debt instruments.

Don't be concerned for Alstry....I would be concerned for yourself, your family and your country..........if we keep going down this Zombulation path.

Without a clear outlook, it is very difficult to prepare for the future....especially for our children.

You think I am kidding about the Riots???? 

 

 

Report this comment
#6) On July 28, 2009 at 1:30 AM, jddubya (49.10) wrote:

Are Economists prepared for RIOTS???

What the heck kind of blog title is this?!?!!??!?!?!?  Who cares about the economists?  They don't/won't have to worry about anything.

Report this comment
#7) On July 28, 2009 at 1:37 AM, alstry (35.41) wrote:

jd,

It was more geared for my buddy Donner.......he thinks like an Economist....not a business owner.  Soon the Economists will learn that stocks are simply little pieces of a business that collectively are shutting down.

When a large segment of the population has nothing, little chance of employment, and law enforcment and the judicial system are compromised.....it is a recipie for disaster.

Report this comment
#8) On July 28, 2009 at 1:41 AM, alstry (35.41) wrote:

I posted this on Donner's most recent blog....I think he too is beginning to see a trend developing and getting a bit concerned.....

Low-priority crimes like breaking and entering might not be prosecuted and the conviction rates will continue to decline if the proposed budget for the Wayne County Prosecutor’s Office is approved, Prosecutor Kym Worthy told commissioners this morning.

“We can’t even cover our courtrooms anymore,” Worthy said in vehemently disagreeing with the $28-million general fund budget proposed for the prosecutor’s office by Wayne County Executive Robert Ficano. “At some point, if the budget continues to be cut, we’re going to have to start making decisions about what crimes we prosecute.”
http://freep.com/article/20090716/NEWS02/90716048/Worthy--Cuts-hamper-crime-fight

We also saw Judges getting cut back in Florida......the trend is nationwide and accellerating.

Donner,

I don't fault you for your anger towards me.....sometimes the messenger must bear the wrath of those receiving the news....especially for those who have difficulty accepting the truth.

Report this comment
#9) On July 28, 2009 at 1:50 AM, alstry (35.41) wrote:

America Continues Cutting and Slashing!!!!!

8,000 workers cut for Verizon today...now this tonight from the WSJ:

Bank of America Corp. Chief Executive Kenneth Lewis told investors last week he is planning to shrink the company's 6,100-branch network by about 10%, a pullback from the two-decade expansion that took the bank from coast to coast.

At an average count of 15 employees per branch....we are likely looking at around 10,000 workers.

But don't tell Donner....he is smoking his green shoots and looking at his statements.......who knows how small they will get once the government needs its share.

Donner,

you better wake up because soon you will realize Alstry's posts are not as crazy as you think.

Report this comment
#10) On July 28, 2009 at 1:53 AM, Donnernv (< 20) wrote:

Alstry:

I think like a business owner.  I am a multi business owner.  In response to the economic situation, we had to cut everyone to a four-day week.

Now we seem to have passed the nadir.  We are currently planning to put everyone on a half-day furlough each week, instead of a full day furlough.  No jobs were lost.  No health care coverage was lost.

Your end-of the-world diatribes are silly.  Buy a bike and get some exercise.  You've lost it.

Report this comment
#11) On July 28, 2009 at 1:57 AM, MGDG (35.20) wrote:

Maybe 9.09 is when we go from the denial stage to the anger stage. Either that or our government may find a way to delay it.

Report this comment
#12) On July 28, 2009 at 2:09 AM, alstry (35.41) wrote:

Donner,

I am glad you think things are recovering....if fantasizing makes you feel better, may I suggest you stop reading my factual blog and reasonable extrapolations based on such facts.

But if you want an excellent perspective on current business conditions, may I suggest your read TMFJake's piece from Zero Hedge earlier today.

It could be the best overall summary out there currently.

Report this comment
#13) On July 28, 2009 at 7:52 AM, alstry (35.41) wrote:

Are Hospitals Next?

The emergency room at UC Davis Medical Center is bustling, its waiting room more crowded than ever and its doctors and nurses caring for an increasing stream of patients who can't possibly pay for services.

These days, more patients are arriving without jobs or health insurance.

Asa result, the university medical center is forced to absorb the financial burden of caring for many of the capital's medically indigent, uninsured and financially strapped - a burden that eventually is passed on to paying customers.

"We saw it coming, but the train was bigger than we thought," said William McGowan, the chief financial officer for the UC Davis Health System.

"We didn't think the recession would be this long or this deep."

From July 1, 2008, to June 30, the university health system was left footing the bill for $165.7 million in charity services - up from $96.9 million the year before.

Bad debts climbed to $54.9 million for the just-completed fiscal year, up from $38.3 million the previous year.

http://www.sacbee.com/topstories/story/2061111.html

That is a huge increase.

Report this comment
#14) On July 28, 2009 at 10:46 AM, OneLegged (< 20) wrote:

Audit the Fed.  Roll the heads!

Report this comment

Featured Broker Partners


Advertisement