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alstry (35.17)

Economics is Just BS in The Digital Age

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August 05, 2010 – Comments (1)

Economists make couple FALSE implied assumptions to reach their conclusions......FIRST, there is unlimited credit and SECOND, supply is elastic to meet demand......

for the last 50 years, the first assumption has been relatively true for the most part and the second assumption essentially followed.....

but with credit being cut off to the private economy, production is shutting down such that supply is contracting at a much faster rate than demand and prices are skyrocketing in certain areas like food and commodities even though wages are crashing.

With prices escalating in the essentials, like food, taxes, insurance......there is less and less discretionary dollars left for much else causing America to start shutting down and employers to cut back on staff and wages.....EVEN THOUGH PRICES ARE RISING

This result is simply the natural consequence of Benny the B's Zombulaiton policy of cutting off credit to the private sector and extending unlimited credit to Wall Street and Washington....in the Industrial Age...it was the private sector that was responsible for employment....in the Digital Age, it will not be...... 

ALSTRY GUARANTEED YOU AMERICA WOULD SHUT DOWN.....AND NOW IT IS HAPPENING RIGHT BEFORE YOUR EYES.....

ANOTHER HALF A MILLION JOBS LAST WEEK ALONE.....

Jobless claims rise 19,000 to 479,000

It is amazing that we are still losing around half million jobs per week this far into the process....but it does explain the dramtic drop in income tax receipts across the nation.......

Carrollton Texas - 40

Alcoa Inc Ohio Plant - 71

The state Department of Mental Health Boston - Planning to cut 100 Beds,  and Significant Layoffs

Lexington Slone's Signature Market

Vanity Fair Brands LP Closing 1 warehouses in Monroeville Alabama - 68 Jobs Lost

 

1 Comments – Post Your Own

#1) On August 05, 2010 at 9:27 AM, alstry (35.17) wrote:

FOOD STAMP USE HITS RECORD

Does this shock anyone....pretty soon most grocery purchases will be obtained through food stamps

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