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alstry (< 20)

The New Definition of Recovery!!!!



February 21, 2010 – Comments (3)

Government running around a $2 Trillion dollar deficit (about twice tax receipts) to keep life support going and maintain the illusion we are not in a depression

Record decrease in tax receipts

The Fed facililitating trillions in loans from an involvent government to insolvent banks so banks can lend back to the insolvent government at MUCH HIGHER RATES so bankers can generate enough cash to give themselves hundreds of billions in bonuses

Record loan defaults and continuing to rise

Record real estate vacancies and continuing to rise

Hundreds of thousands losing jobs each week and relatively few hiring

Record long term unemployed and continuing to rise

Record numbers in the digital food line receiving food stamps each month

Record pension shortfalls

Record decline in real estate values

Could you imagine loaning 100 homeless alcoholics $100,000 grand each and bragging liquor sales were up in the neighborhood this year?  You gotta luv Benny B's definition of a recovery. 

Think how much defense revenues would go up if we just started a few more wars!!!!!

3 Comments – Post Your Own

#1) On February 21, 2010 at 5:40 PM, Varchild2008 (84.02) wrote:

"Think how much defense revenues would go up if we just started a few more wars!!!!!"

Does this mean we can finally go after Canada now??

just kidding...

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#2) On February 21, 2010 at 8:59 PM, alstry (< 20) wrote:

We may not have too many options if America keeps shutting down:

The decline in new boat purchases is affecting more than local salesmen. Since dealers aren’t stocking new boats, assembly lines are grinding to a halt while factories send employees home in droves.

“The marine industry is doing everything it can to keep its doors open,” Norwood said.


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#3) On February 22, 2010 at 3:40 PM, adamabluesky (42.45) wrote:

It's time for change. Or did you hear that one before.

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