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alstry (35.13)

Why are Politicans and Bankers getting paychecks????

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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

 

5 Comments – Post Your Own

#1) On March 09, 2010 at 8:50 AM, alstry (35.13) wrote:

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....

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#2) On March 09, 2010 at 8:53 AM, alstry (35.13) wrote:

PEOPLE WILL GET ANGRY ONCE THEY FIND OUT....

Gunman, 2 others wounded in Dallas office shootout

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.

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#3) On March 09, 2010 at 10:08 AM, alstry (35.13) wrote:

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.

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#4) On March 09, 2010 at 10:27 AM, dinodelaurentis (74.88) wrote:

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...

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#5) On March 09, 2010 at 11:21 AM, alstry (35.13) wrote:

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...

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