What Americans Don't Want To Believe!!!
Wall Street is shutting America down and outsourcing most of our jobs. We are simply overleveraged and Wall Street can no longer make any money lending so the only thing left to do is siphon off what little is left and shut us down.
What a joke....we used to call it efficiency when we took perfectly good jobs out of Ohio, or Michigan, or Indiana and moved them to Asia or Mexico. As long as we kept loaning to the rest of the American economy money, few could really feel.
Then we started outsourcing Architects, Radiolgists, and Tech Workers...but many still kept borrowing to maintain the illusion of granite countertops and big box retailers.
At that point, government grew so large that it basically became the economy and it was being sustained by tax receipts generated from massive spending and massive borrowing by the private sector driving ponzi revenues and profits.
Eventually, we simply borrowed too much and the bankers decided enough was enough by raising interest rates 17X on an overleveraged credit dependent domestic consumer based economy.....and things started to deteriorate.
You knew it was happening when credit was cut off to the private sector.....at that point.....America was on the path to be outsourced. We really can't serve the bankers unless they can lend to us profitably....and if they can't lend to us, the only way for them to make money is to take from us and liquidate......exactly what has been happening for the past few years.
And if we are not borrowing, we are not spending and if we are not spending we are not generating much in the way of taxes. In a nation where half of the world's largest GDP is government spending.....government needs lots of taxes........50% MORE than the GDP of China.
Unfortunately we citizens can no longer provide enough taxes so Government is shutting down and liquidating assets.
It should not be too much longer now....America's largest consumer, government is shrinking due to declining tax receipts...... and absent a massive deficit.....so will our GDP.
At that point...niether the consumer nor government will be able to serve bankers.....govenrment will be indebted to the primary dealers for so much that the bankers can simply foreclose on the nation, liquidate everything and outsource practically all to less leveraged lower cost economies.
Sorta strange isn't it.....without restructing debt, obtaining maximum economic efficiency is simply to shut down America and outsource most of it overseas......and your government has bought on to the concept.
Makes one FEEL a little more empathetic to all those earlier Americans who lost their livlihoods to efficiency over the past decade.....doesn't it????
11.10.9.....Now you Feel.
City of Des Plaines - 38
City of Kentwood - 30
Blue Cross + Shield of Florida - 150
Milwaukee County - up to 200
Fresno County - More Layoffs Coming
Ogle County - Budget Cuts = Layoffs
City of Tracy - 58 Layoffs Notices
Dutchess County - 70
Update: City of Birmingham - 800 More Layoffs