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alstry (35.98)

Have Fools Become Sheep????

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March 29, 2010 – Comments (6)

Consumer spending up, sign of decent recovery

??????????????????????????????????????????????????????????????

Decent recovery?????

Governments are running a collective deficit of about $2 trillion dollars per year paying rich salaries to government workers and even more generous retirement packages.  Wall Street corporations are borrowing about $1.5 trillion per year......mostly from our retirement accounts to pay insane executive comp packages and Wall Street bonuses from the fees.

Consumer spending should be BOOOMING with this kind of stimulous........, about $10,000 for every man, woman and child in the nation........but consumers are saddled with debt, rising costs, and dwindling wages as millions can't even afford the mortgage payment.

Now the only question is how long can we borrow many trillions per year to float this ponzi like scheme before we run out of savings and Wall Street cuts us off???

When it happens.....you will know......as the world as you knew it will be history.

In the mean time....keep watching the ticker as America shuts down.....while most of the Fools graze in the fields...here is what is really happening:

Small Banks Say They Can't Win in Small Business Lending

6 Comments – Post Your Own

#1) On March 29, 2010 at 10:48 PM, dibble905 (< 20) wrote:

I like how you take one banner year and 1) make it seem like this was always the case in the past and 2) extrapolate it like it will continue for infinity... (and beyond!)

Your anger speaks volumes, and possibly rightly so.

But please, please stop duping down to the wall street level that you so hate by taking facts and twisting it into a frame which suits your opinion(s).

You sir, are no better than the very people you are fighting against. 

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#2) On March 29, 2010 at 11:02 PM, alstry (35.98) wrote:

You obviously don't understand Zombulation yet.....debt grows exponentially as trying to service it eventually consumes all available dollars in an economy.

Right now, if we doubled everyone's income taxes, it would not come close to covering the deficit....and next year it will be a lot worse.

Trust me....it was not too long ago that I was forecasting schools and hospitals would be shutting down across the nation....as Bernanke was telling you subprime was contained.

Not too long ago we had 20,000,000 receiving food stamps....now it is about 40,000,000.   Soon it will be 80,000,000 and one more double after that it will be most of America.

Not too long ago our deficit was 200 billion, than 400 billion than 800 billion...now 1.5 trillion....guess what is next????

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#3) On March 30, 2010 at 3:55 AM, JackCaps (27.01) wrote:

They can fool some of the Fools some of the time, but they can't fool all the Fools all of the time.

True hope is seeing more becoming wiser.

That change is happening.

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#4) On March 30, 2010 at 9:56 AM, alstry (35.98) wrote:

One Morning We Will Wake Up and Ask....What Happened To The Industrial Age?????????

Facing the worst financial hole in its 37-year history, the Sacramento Regional Transit board voted Monday to reduce bus and rail service 22 percent but backed away from any serious cuts in its security services.

Twenty-eight of the agency's 91 weekday bus routes will be eliminated. A dozen other buses will run less frequently days and weekends. Some will be shut down on weekends.

The agency also will no longer start new bus and light-rail runs after 9 p.m., although buses and trains will finish routes begun before that hour. Paratransit service also will stop nightly after 9.



http://www.sacbee.com/2010/03/30/2642415/regional-transit-cuts-routes.html#ixzz0jfSiKqi4

Update: Boston Scientific - Up to 1,300 Expect this week

The Department of Human Services Hawaii - 228 and Closing Several Offices

Henri’s Music Superstores in Greenbay

Daytona Beach News- Journal - 48

At some point, once you cut enough....there ain't much left.

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#5) On March 30, 2010 at 1:58 PM, G8BigBoom (67.14) wrote:

What is your response to our debt and or ability to pay our debt? Tax incomes may be shrinking but i am sure the government will find enough willing participants to pay the govs bills. Did we not have more debt during world war two than we do now from an ability to pay stand point? What would you have been saying in the great depression? I have no doubt we will fall in world order shortly only because our nations advancements rely on corportations and they would rather suck profits than bring our country up to date. But it will be slow and painfull. Enjoy

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#6) On March 30, 2010 at 2:10 PM, alstry (35.98) wrote:

In the Great Depression...government ran a surplus.  In WW2, our private population had very little debt and our GDP was relatively small on a world wide scale.  Exiting from WW2 with essentially the only intact economy, it was easy to grow dramatically providing goods and services for the world making our WW2 debt easy to service.

That is my response.

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