How BAD is it really???
June 13, 2009
– Comments (4)
Let's not talk about green shoot or yellow weeds or nonsense like that...what are the facts.
We have more people collecting unemployment than EVER. We have more people working part time who want ot work full time EVER. We have more people getting wages cut than EVER.
Now we have 21,000,000 government workers and countless millions of health care workers whose jobs are in jeapordy as there simply is not enough money to pay them.....that is right.....not enough money to pay them.
How do we know....because the governors of practically every state in the Union tells us and so does our President.
Bankruptcies are approaching record rates....6000 individuals and businesses per day.
Food Banks are running out of food....even in the nice areas who are not used to seeing so many people.
New home communities are becoming ghost towns and shopping centers are becoming ghost malls.
Conditions in a number of cities have become so bad that we are now bulldozing entire sections of town.....now that is what I call preparation for green shoots as soon as the grass grows.
Thousands of Office Buildings are vacant and those that have occupants are seeing many leave.....
Retailers are shutting down by the thousands every month.
Law Firms are telling the people they just hired don't come to work....and many that are working there are being kicked out the door.
Exports are way down.....but don't worry so are imports.......I guess that is what Economists call balanced trade.
Airlines are shrinking faster than a pierced lung as we see round after round of cutbacks.
New Housing sales are down 80% but that is a lot better than the over 50% for new car sales.
But don't tell that to the dealers who have seen their dealerships get cut off 100% while S&P earnings are down only 90%..
Hotels are begging for visitors as revpar is down double digits and cab drivers keep telling me they miss the good ole days.
College grads are wondering why they borrowed so much money because there is little need for their degrees and payments are kicking in as grad abortion rate is miserable.
Universities are preparing to cut many tens of thousands of positions around the nation....in some instances, things are so bad colleges are contemplating shutting down completely.
Chemical companies, Technology Companies, and many other companies are wondering where did their customers go as profits evaporate and input costs go higher.
Tax receipts are going the way of the dinosaur....even as taxes are raised. Receipts have slowed so much the state of CA is contemplating borrowing from cities who are scrambling for money and have nobody smaller than them...except you and me the taxpayer.
The postal service is servicing so little that lots of cuts will have to be made.
Truckers are so slow that it is more profitable to stop than keep on truckin.
At this point, if you don't work for the government, or your customers benefit from the government, or you are just damn lucky.......my guess is that you are pretty much sucking wind.....and if it ain't happening now......THANK YOUR LUCKY STARS!!!!!
Because you are about to see an unprecedented level of wage redutions and job cuts as government and government benefitted jobs are about to meet Mr. Zombulator.......and wants it releases....it is practically impossible to avoid its zombatic fallout.
Just wait......it is time to prepare.......you are about to leave the Matrix.
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