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alstry (36.08)

Let Them Eat Pancakes Cont....

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April 02, 2010 – Comments (3)

In my last blog, we highlighted how much money government and Wall Street borrowed last year to keep government and Wall Street operating generating generous salaries for workers and executives alike....despite the fact that revenues and tax receipts evaporated.

But despite the massive borrowing going to a select few....much of the rest of the nation is shutting down.  For example, when you permit money losing public homebuilders to borrow as much as they want from our pension plans......but you cut off private builders from credit.....the private builders shut down....and hundreds have over the past few years.

The same is true with just about any private business competing against money losing and/or cash flow negative unlimited borrowing Wall Street funded businsses.

Burch Pharmacy in South Minneapolis 

The problem is OVER 50% of the workforce works for small businsses.....and right now small business is shutting down across America.......but, many of these small businss owners are not counted in the employment numbers as many are not classified as employees.

It is funny.....America cheers as tax receipts evaporate and neighbors go bankrupt.....pretty soon, you will realize that the only reason you have a net worth is because of government spending and Wall Street lending......until the day Wall Street runs out of money to borrow from........that day will be known around the world as Zombulation Day.

And whether you like it or not.....if America is broke.....you are broke too.  Soon you will understand as Obama can only borrow trillions to pay for health care and government workers for so long before the money runs out.

3 Comments – Post Your Own

#1) On April 02, 2010 at 9:59 AM, alstry (36.08) wrote:

Keep watching the ticker as your country shuts down......YIPEEEE!!!!  You are next...Guaranteed!!!!!!!...as the Industrial Age shuts down. 

Here is a partial list of closing announcements just from April 1st on dailyjobcuts.com:

USA Baby Hawaii

Showcase Cinemas West Pittsburgh 

Urban Trends Furniture Store

St. Ann School in Milford

Bedford Memorial Hospital Closing Birthing Center Later This Year, and 1 other one

Community Bank & Trust - 10 Northeast Georgia Branches

Lafayette General Medical Center will close its mental health unit

Doc's Little Gem Diner in Syracuse NY

Guardian Industries Confirms Closing Glass Plant in Walled Lake

Bert's Surplus Store in Grand Rapids

GameWorks Arcade Closing at Circle Centre Mall

TeleTech Holdings Inc Closing Lorain County Call Center - 585 Jobs Lost

L'Oreal Closing Shu Uemura Brand US Operations

Nevada Habilitation Center to Close by 2012

Second Chance Quality Consignment in Ypsilanti

4 Jack in the Box in Paradise Ca Might Close

5 Bigg's Stores in Cincinnati - 436

USF1 - Formula One Racing Team

Update: Quality Food Centers in South Auburn 

Rite Aid Corporation - Plans to Close Another 80 Stores this year

Burch Pharmacy in South Minneapolis 

Windalco to End Operations in Jamaica - 762 Jobs Lost

The Water Chestnut Hut Restaurant in Milwaukee 

Piedmont Lumber Closes Calpella Truss Facility 

Minnesota Energy Ethanol Plant

Queen City Transportation Museum

Kimble Chase Life Science and Research Products to close its lab glass Plant in Vineland

Good Food Market in PA

Rave Reviews consignment shop in Hickory Ridge Village Center 

Dyno Nobel is closing the doors of its Port Ewen plant  - 39 Layoffs

The Suntron Corp. Newburg Plant - 190 Jobs Lost

Shoney's Restaurant in Aiken SC 

St. Michael’s School on Tybee Island in Savannah GA

The Barstow Branch Medical Clinic will be closing Sept. 30

Holy Martyrs School in Oreland

Kaltenberg Seed Farms in Waunakee Wis.

Skyservice Airlines - 870 Jobs Lost

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#2) On April 02, 2010 at 11:05 AM, alstry (36.08) wrote:

The workers of Jeffboat in Jeffersonville, Ind., are expected to go on strike at the stroke of midnight tonight, according to a Teamsters spokesman.

Fred Zuckerman, president of Teamsters Local 89, told Fox 41 News this evening that employees from all three work shifts will be picketing outside company gates beginning at midnight, when the workers' contract expires.

He says the protests revolve around health care -- specifically that employees are being asked to pay higher premiums even as services are being cut.

Zuckerman said negotiations with Jeffboat took place last fall, but quickly broke down.

The boat manufacturer typically employs roughly 1,100 workers, Zuckerman said, but recent layoffs have cut that amount to approximately 600.

http://www.fox41.com/Global/story.asp?S=12243944

HOW MANY COMPANIES AND INDUSTRIES USED TO EMPLOY TWICE AS MANY WORKERS AS THEY DO TODAY?

Builders, Harley Davidson, Auto Workers, Mortgage Companies, Architects etc............

Now it is simply government and Wall Street borrowing trillions to pay the tens of millions working for our government, health care, and Wall Street funded companies......as the rest of the nation shuts down.

THIS WILL KEEP ON GOING UNTIL OUR PRIVATE ECONOMY SHUTS DOWN AND RETIREMENT ACCOUNTS RUN OUT OF MONEY......AND THEN......

ZOMBULATION NATION!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

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#3) On April 02, 2010 at 11:07 AM, alstry (36.08) wrote:

IT IS ALL GREEK TO ME!!!!!!!!!!!!!!

Who could be the next Greece?

You can only borrow so much from our retirement accounts.....until our retirement accounts run out of money and Wall Street runs with the commissions.

 

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