March 09, 2010
– Comments (5)
When you built an economy based on lend and spend, and you lever it up to massive levels.......once you cut off credit to the Private Economy......soon the private economy shuts down. Most of our labor force works in the private sector. Once the private sector dries up, revenues to government evaporates.
Just wait until Fools learn that their retirement/investment funds kept the public companies and municipalities on life support last year by lending them OVER $1 trillion dollars.
Think about it, with $3 trillion (over 20% of GDP) borrowed last year by both government and Wall Street....our economy is still dying.
Right now, if banks and government were to fairly report financials......most would be bankrupt.
General Dynamics Robotic Systems Westminster Office - 90
Update: Murrieta Valley Unified School District - 177 Job Cut Notices go out Today
Appleton School District - 27 Layoff Notices
City of Toledo Ohio - 300 Furloughs Possible
Asbury Park NJ - Layoffs to Be Discussed at City Council Meeting
D.C. Public Schools - 18 Special ED workers
St Mary's Paper ( International ) - 300 All Most all Employees
Adelanto School District - 18
Lake Zurich - 30 Layoffs Possible
Barstow Unified School District - 32 Jobs on the Line
Northrop Grumman - Some Employees getting Layoff Notices
Mattoon School District - 9
Ford Motor Credit Co in Franklin in Tenn. - 200
Butler County in Ohio - 3 Building Inspectors
The American Cancer Society - Lakeshore Area Office in Holland Michigan
Noodles by Kenichi in Aspen
Nolan Ford in Georgetown
Update: Steamers Genuine Seafood and Sam's Cafe
Garfield Elementary in Muscatine IA
Update: The Somerset Place nursing home Chicago Closing Friday?
River Pointe Country Club in Hobart IN
The Triangle Bar & Grill in Stuart
Best Buy Store in Northwest Side Milwaukee
The Glik’s store in St. Clair Square
The Crime Lab in Moultrie
Ridge Street Coffee Co in Glens Falls NY
Shoe Sensation in Sandburg Mall
The Surfit-Stone Container Corp Closing Box Maker in Wilson
Expect this number to grow dramatically over the next few years.
43% Say They Have Less Than $10,000 for Retirement
We should be giving Politicans and Bankers loans...NOT PAYCHECKS.
Can't Make Your Mortgage, Get an Emergency Loan....
PEOPLE WILL GET ANGRY ONCE THEY FIND OUT....
A gunman apparently angry over business dealings wounded a father and son at their financial services company inside an office building Monday, then shot himself as police closed in, authorities said.
WASHINGTON (MarketWatch) -- Any immediate effort to trim the federal budget deficit would only nip the recovery in the bud, said Christina Romer, the chair of the White House Council of Economic Advisers on Tuesday. "The sensible way to address the deficit is with a long-run plan," Romer said in a speech to the National Association for Business Economics. More fiscal stimulus is needed to try to jump start job creation, Romer said. "It is virtually impossible to get the deficit under control when the unemployment rate remains near 10%," Romer said.
No Ms. Romer....it is IMPOSSIBLE for you to keep getting a salary and get the deficit under control. And with the deficit exploding...we are still losing millions of jobs per year.
Now that is a good question to ask! But who do you ask? Your elected officials? Please, pull the other one, it's got bells on it...
As forecasted....most of our real estate these days is structured for an industrial lifestyle and will have little productive use in current form.....Welcome to the Digital Age.....
Detroit looks at turning vacant lots into farmland to save city...