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alstry (36.00)

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March 15, 2009 – Comments (13)

U.S. Will Use $375 Million to Expand Guarantees on Loans to Small Business

Vs.

Insurer to pay $450 million in bonuses to employees of the unit that was largely responsible for AIG's collapse last fall.

Hmmmmmmmmmmmmmmm.   $375 million to help small business vs. $450 million in bonuses to a few executives at AIF....

Fed's Bernanke sees recession ending 'this year'

Remember when Paulson was telling you everything was fine last Spring?????

Bernanke Defends Recovery Efforts

Sure Mr. Bernanke.......if I was in charge of giving TRILLIONS of taxpayer dollars to a few of my banking buddies in the form of bonuses and bailouts.......I too would defend what I was doing.....do you think he wants to be roomates with Madoff????

Just wait until the deficit debacle becomes front page news in the next few months.....and all the politicans tell you how "SHOCKED and UNFORESEEABLE" it was.......

Many state and city governments reeling from financial woes are about to get whacked again, this time by an unforeseen increase in their pension bill thanks to market declines.

In an effort to stave off tax increases, New Jersey lawmakers on Monday will consider a bill that would allow municipalities to defer payment of half their annual pension bill, due April 1, for one year. Those towns, counties and schools that opt to defer would face a higher pension bill for years to come.

Other states and municipalities are facing similarly difficult choices. In Pennsylvania, the state employees and public teachers pension funds both have warned that employer contribution rates could surge seven-fold from about 4% of payroll to 28%, starting in 2012. The Detroit police and fire pension plan might have to double employer contribution rates to 50% of payroll by 2011, according to the fund's outside actuary.

Bernanke is right.....the recession will end this year......just as the DEPRESSION starts.

13 Comments – Post Your Own

#1) On March 15, 2009 at 8:48 PM, alstry (36.00) wrote:

How long do you think Americans are going to sit back and do nothing??????  The Rioting may be sooner than you think.....

March 13 (Bloomberg) -- California teachers organized protests in more than a dozen cities today as about 26,000 may lose their jobs because of spending cuts the Legislature approved last month to keep the state from running out of money.

 http://www.bloomberg.com/apps/news?pid=20601103&sid=a7Ofi.bHiukc&refer=us

26,000 jobless teachers in one state alone.....pension assets evaporating.......foreclosures skyrocketing forcing families into tents.......

And Bernanke says the recession to end this year?????

Until you stabilize the borrowers.....more borrowers will continue to default.......as more default.......more asset destruction will occur.....

If my calculations are close......whatever your house was worth in 1979.....that is what it will be worth in 2010.

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#2) On March 15, 2009 at 9:22 PM, motleyanimal (57.48) wrote:

Rioting my ass!  The wealthiest people in history do not riot. You live in the most prosperous and creative nation in the history of mankind and you continually deride it.

Do you aspire to be a delusional online version of Robespierre?

 

 

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#3) On March 15, 2009 at 9:33 PM, JibJabs (85.32) wrote:

Maybe if this were France . . .. Americans don't riot. We wage wars when we are pissed. 

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#4) On March 15, 2009 at 9:58 PM, alstry (36.00) wrote:

Motley,

The only thing Alstry ascribes is to keep delivering the facts in his blogging, apply those facts to reasonable conclusions and projections, and be the best player in CAPs through the practical application of the analysis of those facts into his picks.

Pretty simple.

Deliver the Facts. Analyze the Facts. Apply the Facts. Be the Best.

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#5) On March 15, 2009 at 10:02 PM, motleyanimal (57.48) wrote:

JibJabs, I have to give some credit to The Motley Fool, the essence of tolerance, for allowing this Anti-American toilet mouth to spew out his backed-up sewage breathed diatribe.

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#6) On March 15, 2009 at 10:08 PM, alstry (36.00) wrote:

Motley,

America is about being the best.

Alstry is kicking your backside.

Being the best is a great way to show patriotism......

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#7) On March 15, 2009 at 11:18 PM, motleyanimal (57.48) wrote:

Dear Alstry,

I take issue with so many of your pronouncements, I have no starting point. Generally, you deface the nation. You are not much better than a terrorist to me. I speak out now, as I have in the past, because there are so few that do not counter your spurious conclusions. You have a cult growing, so good that I enjoy young and stupid flesh. They will be eviscerated along with your ideas.

The endless links you make to negative employment reports do not make you a prophet, but no more than a low level Yahoo post.

I look on my back yard tonight and all the fruit trees. With beer in hand I salute my trees and the fruit they bear. Most of it goes to the food shelters, I can't use it all.

But I see in it all as something you do not, We will not let ourselves become the bankrupt reptilian beggars you project.

Alstrynomics is nothing more than our own little death cult, an amusing fraction of a mind with not much else to do.

 

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#8) On March 15, 2009 at 11:29 PM, alstry (36.00) wrote:

No Motley,

You are a great American....

You have no problem giving hundreds of millions to a few executives of a bankrupt insurance company but cry when we want to help out small business......the backbone of America and the outlet for the entreprenurial spirit which made our country GREAT!!!!!

You have over 1500 CAPs picks and have a score barely over zero.......I can certainly understand your frustration....but please don't mask it in partiotism.

 

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#9) On March 16, 2009 at 1:55 AM, semper77 (32.73) wrote:

Not for nothing, Motley, but if you think its unAmerican to speak out about unfair taxation to support corrupt organizations, than I think you should pick up a history book. For its this very thing that our nation was founded on.

Quite frankly, I'm disappointed that more Americans aren't up in arms about this. Somewhere I have to think that our Founding Fathers are rolling over in their graves.

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#10) On March 16, 2009 at 7:28 AM, BenGriffin71 (28.16) wrote:

.     '...The notion that a radical is one who hates his country is naïve and usually idiotic. He is, more likely, one who likes his country more than the rest of us, and is thus more disturbed than the rest of us when he sees it debauched. He is not a bad citizen turning to crime; he is a good citizen driven to despair. ...'     . M.L Mencken   .

 

Motley Animal:  Alstry speaks passionately.  I attracts many who disagree.  I comment Alstry for tollerating the intollerant, and continuing to speak the truth as Alstry sees it.

 

 

.     '... We must not confuse dissent with disloyalty. When the loyal opposition dies, I think the soul of America dies with it. ...'     .  Edward R Murrow.

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#11) On March 16, 2009 at 7:31 AM, BenGriffin71 (28.16) wrote:

>>>Motley Animal:  Alstry speaks passionately.  I attracts many who disagree.  I comment Alstry for tollerating the intollerant, and continuing to speak the truth as Alstry sees it. <<<</strong>

Apparently I type passionately and do not proof read or spell check prior to posting...

.   '...IT attracts many who disagree.  I commend Alstry.....'

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#12) On March 16, 2009 at 9:33 AM, Varchild2008 (84.23) wrote:

I no longer adhere to Alstrynomics.... My new desciple is "Mall-o-Nomics" and I can't wait to see what Alstrynomics has to say about the increasing retail sales.... Cause as consumer goods demand goes up.... as China's demand for Appliances from Whirlpool and General Electric go up...

And so on.. And so on...  This is job creating and growth  for small businesses.  Small businesses could benefit from loan payments to expand to meet the increasing growth.

What Alstrynomics fails to realize is that enough stores shutdown to meet the decline in demand that when demand bounces....stores need to re-open.  And they can't do that unless they get a loan.

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#13) On March 16, 2009 at 10:26 AM, alstry (36.00) wrote:

Varbaby,

As stores shut down....peopel lose jobs.  As people lose jobs.....sales go down.......As sales go down......tax revenues go down......

When everything goes down.......demand goes down........

Round and round we go......

Where she stops nobody knows......but all I know is right now she is SPEEDING UP.

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