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alstry (35.70)

Are You Still Watching The Ticker.....

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April 13, 2010 – Comments (3)

Right now...Wall Street and Washington are borrowing OVER $3 trillion dollars per year....simply to pay Wall Street salaries and government workers.....NOT BECAUSE THEY ARE GENERATING THE REVENUES  AND PROFITS TO PAY SUCH SALARIES........otherwise they wouldn't need to borrow such a massive amount of money.

In the mean time, main street is getting cut off of credit and much of America is shutting down......as a result, tax receipts to government are evaporating DESPITE Washington and Wall Street borrowing soooooo much and spending on themselves!!!!!

When you are borrowing simply to pay salaries.......is there really a difference from borrowing on your credit card to pay your mortgage.....or taking out a new loan to service an old loan??????

And  guess where they are borrowing from.....your retirement and investment accounts.......yessireeeeeeeeeeee......

Welcome to the digital age.......where the industrial age shuts down and much of America is being outsourced.......

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3 Comments – Post Your Own

#1) On April 13, 2010 at 7:45 PM, alstry (35.70) wrote:

It is sorta strange to watch the nation sit back while Washington and Wall Street gets free money despite admitting to fraud.

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#2) On April 13, 2010 at 8:19 PM, alstry (35.70) wrote:

The National Federation of Independent Business Index of Small Business Optimism lost 1.2 points in March, falling to 86.8. The persistence of index readings below 90 is unprecedented in survey history.

“The March reading is very low and headed in the wrong direction,” said Bill Dunkelberg, NFIB chief economist. “Something isn’t sitting well with small business owners. Poor sales and uncertainty continue to overwhelm any other good news about the economy.”

The index has posted 18 consecutive monthly readings below 90. In March, nine of the 10 Index components fell or were unchanged from February’s not-so-great readings.

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#3) On April 14, 2010 at 9:38 AM, jdlech (< 20) wrote:

Main Street is definitely disconnected from Wall Street and Pennsylvania Ave.  This paper economy we created since the 60s is definitely getting paper thin.  The talking point of the day is that 47% of Americans don't owe any federal income tax.

On the same token, income disparity still continues to rise.  Not a bad thing per se, but....  Demand destruction hits hardest that which is most dependent upon economies of scale for low prices.  The giant sucking sound Ross Perot warned us about so long ago is a clarion call now.  I believe your blog posts are like a hearing aid for the deaf.  Now it's just a matter of people believing what they hear.

First rule of politics - people are stupid.  They will believe whatever they want to believe.

 

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