June 03, 2010
– Comments (5)
IT IS SIMPLY WHAT HAPPENS WHEN AN ECONOMY BORROWS MONEY TO BE PRODUCTIVE AND NOT THE OTHER WAY AROUND.
When you cut off credit, you can neither borrow nor be productive,
Seven American cities have had their municipal bonds downgraded to below investment-grade.
WHEN WE CUT OFF CREDIT TO HOUSING, HOME CONSTRUCTION DROPPED 80%.........NOW WATCH HAPPENS WHEN WE CUT OFF CREDIT TO THE REST OF THE NATION......
THE ONLY QUESTION NOW WILL BE WHETHER GOVERNMENT WILL BE FORCED TO CONFISCATE EVERYTHING WE HAVE OR GO TO WAR TO RAISE PRODUCTIVITY/MONEY TO MAINTAIN OUR NATION
Update: Gaylord Entertainment - 1,700
Outdoor Channel - 1/3 of Staff in Production Services Unit
Maricopa Integrated Health System - 145
Supervalu Store in Boise - 60
Carlton School District - 13
Honolulu Advertiser - 100
Ford's Saint Paul Minn. Plant Closing Next Year
Update: Mount Saint Joseph Academy in Buffalo
LA Unified Schools CA - Shutters 200 Classes , Campus For Disabled
8 elementary-school libraries in the Natomas Unified School District CA
Rustic Comforts in Milford
Krogers on Waterlick Road in VA
Florida Business Bank Office in Orlando
Dearborn Ritz-Carlton in Detroit Closes Today
Big Spring School District PA Considers Closing
Geweke Ford in Lodi CA
Caye Home Furnishings in New Albany Miss. - 600 Jobs Lost
LaGrange Elementary School in Lagrangeville NY Possibly Closing
Quiznos Sub Shop in Cobb Corner NC
Pipestone Mountaineering in Missouri
Texas State Technical College of Waco - 17
The St. Paul school Minn. - 117
City of Lawrence Mass. - 115
Evanston-Skokie School District 65 IL - 31 More
Arlington Public School Ma - 40 to 46 expected
Brockton School MA - Approved 112 Teacher Layoffs
L-3 Communication Systems-East NJ - 45 Engineers
The Waukegan Unit School District Chicago - 70
St. Lawrence University - Several Layoffs, Unknown Number
The Clarksville Community School - 20
Community Medical Centers CA - 150
Peoria City/County Health Department - 19
Fort Wayne Community School Indiana - 217 Possible
AT&T Inc. - 136 More in East Bay
Update: Baltimore PD - 250 Layoff Notices
WELCOME TO THE DIGITAL AGE.....WHERE 2/3 OF THE CURRENT JOBS WILL BE OUTSOURCED OR ELIMINATED IN THE NEXT FEW YEARS
IT IS NOT JUST MANUFACTURING AND CONSTRUCTION ANYMORE....IT IS
KEEP WATCHING THE TICKER....PRETTY SOON THAT WILL BE ALL PEOPLE HAVE TO DO ALL DAY LONG
As I try to figure out what a tazpayer is......the tax receipts to government are slowing dramatically due to a masssive number of higher paying jobs being eliminated.
At some, point revenues to government will drop so low to a government with a massive and growing expense burden that the only choices for politicians will be to send their citizens to fight for more money or confisacate everything the citizens have.....
GM and millions of houses are a good start.....as Fannie and Freddie now own most of the mortgages in America....
The precedent has been set and we remained silent....let's see how silent you are when government is forced to take everything around you and/or how willing you will be to sacrifice your children in an attempt to maintain the world as we know it....
Welcome to the Digital Age....at some point too few are being productive/making an income to support the Industrial Age.
AND BENNY BIN LADEN CALLS THIS A RECOVERY AS MORE AND MORE LOSE EVERYTHING.....
Thanks for the info. If anyone is seeing light at the end of the tunnel, the should adjust their medications. Jobs are none existent, banks aren't lending, Obama keeps spending. It is time for a war, but not executed by the nit wits in power now. That's what makes it worse. Time to by ammo and food...
YOUR UNCLE WANTS ALL YOUR MONEY/PRODUCTION.....
Service sector grows in May, good sign for economy
SOMEBODY HAS TO PAY FOR ALL THIS BORROWING AND SPENDING......
You worry of your wife spends a few bucs too much...but don't give a damn if your government spends trillions?
But in the end....the debt must be paid and/or collected.....OFTEN BY FORCE
Great news!!! 5.5% HELOC's are being offered in my town!!! The recession is over!!! ;-)
Quizno's? Now that will have an economic impact!
Better sandwich than Subway, but not the marketing.