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alstry (36.01)

Should We All Kiss President Obama's A$$???? for saving our economy!!!!!!!!!!!!!!!

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July 15, 2009 – Comments (14)

Federal, State, and Local Government collectively employ over 22,000,000 people. Defense Contractors, Health Care Companies, Hospitals, WalMart, Grocery Chains, Drug Companies, Drug Stores, and and many other "private sector" companies receive a substantial amount of their revenues from direct government payments and indirect payments such as medicare, medicaid, welfare, food stamps, unemployment etc......My guess is they employ about 50,000,000 million people.


Combined, it appears about half of our workforce either gets a payment directly from government or works for a company that gets paid directly or indirectly from government.  Heck, for those Fools working in Alexandria.....the Washington area would be a ghost town without govenrment payments.

Federal spend make up over 25% of GDP and closer to 50% once you add in State and Local payments. In turn, citizens use the income derived from government payments to take out credit cards, home equity loans, car loans and mortgages to buy goods and services further stimulating our economy.

Since our private economy is evaporating, evidenced by over 20% revenue drops from Dell, Intel, CSX, Imports, Exports, American Airlines etc EVEN THOUGH PRESIDENT OBAMA IS STILL SPENDING.......it is obvious that Government payments are becoming a much BIGGER percentage of our economy.

As a result, you should thank President Obama for continuing to spend money he doesn't have so our citizens can get a paycheck.

Government had its greatest expansion in history under President Bush....so I guess we should thank him too.

The only issue now is how are we going to continue to finance a growing government now that servicing debt is consuming a greater and greater percentage of a shrinking GDP.

You think Wall Street is going to allow the debt to be discharged?....they own your representatives and want their money back. Get ready to have your assets taxed.....look what has happened to property tax, Cap and Trade, Health Care surcharge, increasing sales tax, etc..........

You may find this chart interesting:

http://market-ticker.denninger.net/uploads/debtt0gdp1q09_7981_image001.gif

Notice how much debt as a percentage of GDP expanded under President Bush.  And that doesn't even count the massive entitlement expansion under President Bush too!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Folks.....we are simply running out of money.  Debt is consuming a greater and greater percentage of a shrinking GDP and there is less and less for goods and services.  There is not enough money in the world to finance our debt and welfare payments any more.  Our political leaders and bankers have infected us with the FU virus and sold us out.....it is now time to pay the price of decades of mismangement, overleveraging, and overspending so we can set the foundation for future growth.

9.09 is not a straight line.........Prepare!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

I know many of you perceive Alstry is doom and gloom....he is not.....Alstry is just right!!!!!!!!!!!!

14 Comments – Post Your Own

#1) On July 15, 2009 at 11:54 PM, alstry (36.01) wrote:

The Governors are NOT as nice as Mr. President!!!!!!!!!!!!!!!!

A committee of University of California regents approved a plan today that will force most of UC's 180,000 employees to take unpaid leave and pay cuts as part of a plan to address cuts in state funding.

 

The Institute of Alstrynomics estimates that between 10,000,000 and 15,000,000 Government, College, and University Employees will be forced to suffer material wage cuts.  This is in addition to the hundreds of thousands that will likley be fired!!!!!!

This will cause MASSIVE hardship for those who are not PREPARED!!!!

The furloughs will help cover about a quarter of UC's budget deficit. The remainder will be addressed through a previously approved student fee increase, debt refinancing and budget cuts at UC's 10 campuses.

Campus chancellors described to regents the kinds of cuts they are making: UC Berkeley is reducing hours the library is open, UC San Diego has laid off more than 200 employees, UCLAUC Davis is holding off on new buildings that had been planned for the music and engineering departments. will cut its course offerings by 10 percent and

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#2) On July 16, 2009 at 12:06 AM, mtf00l (46.38) wrote:

Perhaps a rich foreign country will determine our economy as "too big to fail" and bail us out!

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#3) On July 16, 2009 at 12:09 AM, alstry (36.01) wrote:

If you took the 10 richest countries on earth, and even a few martians, it would still not even be close!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

What do you think Alstry is soooooo confident about being right....he doesn't believe in martians.

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#4) On July 16, 2009 at 12:11 AM, tylerfu (< 20) wrote:

like svenborgia?

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#5) On July 16, 2009 at 12:12 AM, alstry (36.01) wrote:

MUST WATCH!!!!!!!!!!!!!!!!!!!!!!!

 

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#6) On July 16, 2009 at 3:11 AM, prose976 (< 20) wrote:

Obama (I mean Nero) fiddled while Rome burned.  It's sad, but no elected official wants to risk losing in the next election because of a bad economy.  So, the solution for all elected officials is to become masters of illusion.  This guy knows what he's talking about.  Eveything else is smoke and mirrors.  If you can't see it, then you're a gonner anyways.

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#7) On July 16, 2009 at 3:25 AM, prose976 (< 20) wrote:

One thing that we need to keep in mind, however, is that our economy is worth much more alive and thriving than we are dead and unable to pay interest.  So...we will stay alive, if only by I.V., until the parties who finance us get paid.  It will take a while for them to package and dump that debt on others (just as toxic mortgages were packaged and dumped).  So, it may take a decade or so, but eventually, there will be something major that will happen - maybe something like Orwell's 1984. Yeah, that's the ticket.  Something like that.

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#8) On July 16, 2009 at 3:37 AM, prose976 (< 20) wrote:

All we need to do is keep up the perception on the global stage, that things are getting better, thus, attracting global investors and currencies into our marketplace where our banks can clean up.  It's bees to honey.  It's irresistable.  If there is money being made in the marketplace, then people will come.  People love Vegas, and you know you're going to lose when you go there.  And what is the market but a betting venue.  So, while the guy behind the curtain keeps the show running, and it all looks good to the audience, the economy will keep churning along, supported by the marketplace, not the actual economy.  The Fed even said it "Jobless Recovery."

Obama has made a deal with the banks that if he lends them the money, they will make the market look like all is well in the U.S.A., which will in turn draw money here from evey corner of the globe.  Meanwhile, the guy under the stage is patching things up with gum and duct tape.

This kind of thing can definitely work for a while.  With the kind of clout the U.S. has, it could be many, many years before the show ends in doom and gloom, or the puppet masters have managed to actually repair the damage "undetected."  We'll all have to wait and see.

But I will say this:  Doom and gloom do not solve anything.  So, while the prognosis may be negative, that doesn't mean the patient is going to die necessarily. Oftentimes the patient gets worse before getting better, but often there is a full and "miraculous" recovery.  Let's all work towards that instead of an outcome like Orwell's 1984.

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#9) On July 16, 2009 at 7:45 AM, alstry (36.01) wrote:

prose,

Ask yourself, who will be paying taxes?????

MILWAUKEE (AP) -- Harley-Davidson Inc. says it is cutting 1,000 more employees as its second-quarter profit tumbled 91 percent on falling motorcycle shipments.

The company also says it is cutting its forecast for motorcycle shipments for the year.

Harley says its earnings for the quarter ended June 28 fell to $19.8 million, or 8 cents per share, from $222.8 million, or 95 cents per share, in the same quarter last year.

NEW YORK (AP) -- Marriott International says lower revenue and hefty restructuring charges pushed down its net income 76 percent in the second quarter.

Marriott and other hotel operators have suffered in the recession as both business and leisure travel wane.

NOT ONLY ARE MANY CORPORATIONS PAYING MUCH LESS, BUT EVERYTIME AN EMPLOYEE GETS FIRED, THEY ARE NOT PAYING ANYMORE EITHER!

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#10) On July 16, 2009 at 5:02 PM, ReadEmAnWeep (74.55) wrote:

"Folks.....we are simply running out of money. Debt is consuming a greater and greater percentage of a shrinking GDP and there is less and less for goods and services. There is not enough money in the world to finance our debt and welfare payments any more"

Wel its good they printed so much of it... Soon there will be money for everyone!

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#11) On July 16, 2009 at 6:02 PM, StatsGeek (29.39) wrote:

Alstry, you're so ignorant.  Don't you know that the government can solve all our problems by printing $1 million dollars and sending that amount to each household?  That will create more than enough wealth to pay off all the debts everywhere.  We can be even 10x wealthier than that if the government sends each person $10 million dollars.  Then every last American can have 10 cars and a 10,000 square foot home and a private jet.

Silly Alstry

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#12) On July 16, 2009 at 6:05 PM, StatsGeek (29.39) wrote:

And that will do wonders for the Chinese economy too, since someone in the world needs to actually do the work of producing the stuff we Americans all have a divine right to consume.

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#13) On July 16, 2009 at 9:16 PM, abitare (92.08) wrote:

Great video there by Karl. Thank you for the post.

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#14) On July 17, 2009 at 6:49 AM, jimhenry1707 (< 20) wrote:

Both trucks are car qualify for the Cash For Clunkers but not the motorcycles.

Jimhenry
Blogger
www.cashforclunkersfacts.info
http://www.cashforclunkersfacts.info

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