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alstry (35.38)

Soon...Millions of Americans will have NO income

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April 01, 2009 – Comments (4)

Employees at Denny Hecker auto dealerships got an unpleasant surprise this week when they learned their company health insurance had been canceled and that some workers would not get a paycheck Tuesday.

Employees and their family members said they learned late Tuesday that their company health insurance with Medica had been canceled on Monday for lack of payment from the company. Some employees said they found out when they called to inquire about a medical bill they received in the mail. One family said they found out only after bringing their child to the emergency room and being told they no longer had medical coverage.

Hecker has about 500 employees remaining in his various enterprises. It's unclear how many of them were affected by the cutoff in insurance or payroll delays.....

In another dose of bad news, some employees who are paid twice each month learned they did not get their regularly scheduled paycheck Tuesday because of a lack of cash within the company. Employees asked not to be identified for fear of losing their jobs.

http://www.startribune.com/business/42287302.html?elr=KArksLckD8EQDUoaEyqyP4O:DW3ckUiD3aPc:_Yyc:aUUsZ

As I warned...until you restructure debt, the FU virus spreads....conditions only get worse.....you think if banks could lend....they would lend to families without incomes....or incomes that can barely pay taxes, interest and insurance.....you think anyone is making no doc loans anymore????

People are not buying anymore because debt payments and insurance is consuming all of their disposable income....until you restructure debt....there is no disposable income for millions and millions of American families once their lines of credit run out.....no disposable income.....no buying.................no buying......the FU virus becomes an epidemic and infects 70-90% of all American citizens, businesses, and state and local governments.

You can't say you weren't warned......PREPARE!!!!!!!!

The Doctor of Alstrynomics has spoken and will take a few days off.

4 Comments – Post Your Own

#1) On April 02, 2009 at 12:07 AM, TMFJake (74.62) wrote:

In the Forbes layoff today, CEO Steve Forbes announced no more 401k matching, salary cuts, and a mandatory week long furlough with no pay for all employees.

 

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#2) On April 02, 2009 at 12:15 AM, alstry (35.38) wrote:

Just wait....in the very near future...almost every state in America will be forced to cut wages of all state workers by AT LEAST 10%.....

CA has already started.....the 10% train gets longer and longer.

And what percentage of those workers are living paycheck to paycheck???? 70-80%?????  That means 70-80% are very susceptible to contracting the FU virus....

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#3) On April 02, 2009 at 5:17 AM, stockrevealer (38.45) wrote:

Solution?

We are already in solution mode.

People will buy less junk and more quality products that last longer. I think 2010-2020 will be like the 60s. Good American quality dominating the world market.

People won't buy stocks like before. Let's be honest guys, before this whole thing we gave away our money. When you buy a stock and you don't know the CEO and the Owners and the board of governance and all that...i mean..if you don't know what the company does and how they want to spend your money... that had to end some time.

People will flood to quality, name brand stocks. Stocks that are truley public. Stocks with no crazy insider trading. And the problem with stock options has to be solved. Nowadays if a CEO get hired all he is trying to do is pump the price, sell his stocks, make millions and get out. CEOs are using their inovative thinking in cooking the books rather than focusing on the business. There should be a limit of how many stocks a CEO can sell per month, year etc.  I am sick of CEOs who suddenly sell millions worth of stock and leave the company paralized with shock and lack of prestige, integrity, and money.

Like I said good old 60s is coming back to the U.S. 

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#4) On April 02, 2009 at 7:45 AM, alstry (35.38) wrote:

Bombardier to cut 3,000 jobs...10% of workforce

Costco to close its two Costco Home stores

Swiss Re to cut 10% of global workforce

10% of workforce seems to be a more common number everyday...we are already over 8%.

Just the FACTS.

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