Use access key #2 to skip to page content.

alstry (35.68)

Obama...Obama....Obama!!!!!!

Recs

10

January 22, 2009 – Comments (4)

Pay freezes spread during brutal recession


Thursday January 22, 7:11 am ET
By Jeannine Aversa, AP Economics Writer

More employers freezing pay because of recession - even the White House WASHINGTON (AP) -- What do Tropicana Casino and Resort, Avis and the White House now have in common? They're all freezing the pay of some of their workers. It's part of a growing trend by employers facing the fallout -- economic and political -- from a brutal recession.


For companies, pay freezes are a key cost-cutting tool for surviving hard times.

For President Barack Obama, who ordered a pay freeze for White House employees earning over $100,000 a year, the move on his first full day in office sent a message to a nervous country: We're in this together.

"During this period of economic emergency," Obama said, "families are tightening their belts, and so should Washington."

 

SO SHOULD WASHINGTON!!!!!!  OBAMA!!!!  OBAMA!!!!  OBAMA!!!!!!

Don't say Alstrynomics didn't give you notice.  I know...all the gold bugaboos are scaring you into inflation.....but they don't know how to count money.....they are stuck in the M1, M2 and M3 world....they never learned the expansive Alstrynomics definition of money......which is shrinking rapidly after 10 years of explosive growth.

Prepare....Don't get kicked in the rear!!!!  Obama!!!  Obama!!!  Obama!!!

Now all that is left is to appoint Ron Paul to a position of influence.

 

 

4 Comments – Post Your Own

#1) On January 22, 2009 at 8:22 AM, DaretothREdux (48.12) wrote:

Now all that is left is to appoint Ron Paul to a position of influence.

If this happens, I will declare Obama to be the greatest president of my lifetime.

Report this comment
#2) On January 22, 2009 at 8:28 AM, djemonk (< 20) wrote:

Alstry, this might have been one of your best CAPS blog posts.

Report this comment
#3) On January 22, 2009 at 8:36 AM, alstry (35.68) wrote:

Monkman,

I figured all my posts are one of my best posts. 

But don't get too caught up in the hoopla, even with appropriate governmental action, we are facing serious hurdles ahead.

You know the saying.....no pain no gain.....and we have a long long road ahead.

Report this comment
#4) On January 22, 2009 at 11:55 AM, djemonk (< 20) wrote:

Monkman,

I figured all my posts are one of my best posts. 

Hahah.  Okay.  You got me there.

Report this comment

Featured Broker Partners


Advertisement