DOOM - It Ain't Just For Florida Anymore

[Joseph T. Burkeson, CMI]

It appears the Oranges of Wrath scenario playing out in Florida is not simply a local phenomenon.


Californians packing up and leaving

08:27 AM CST on Sunday, January 11, 2009


Los Angeles Times

They said, "Go west," but many Californians are going north, south and east.

For the fourth consecutive year, more residents left the Golden State than moved there from other states, according to a December report by the California Department of Finance.

The outflow – last seen during the economic and social struggles of the 1990s – started when it became too expensive for most people to buy homes in the state.

The trend underscores the state's sour economy, as layoffs continue, the fiscal strain on government grows and home values decline.

While more births and rising international immigration boosted California's population 1.16 percent in 2007, the state continued its steady stream of domestic outmigration – the movement of residents of one state to others.

In the last fiscal year, 135,173 more people moved out of California than moved in from other states. Though just a drop in the bucket for a state of 38 million people, the trend is significant because such declines usually occur when working Californians decide opportunities lie elsewhere.

Excerpt: http://www.dallasnews.com/sharedcont...1.4b1cc11.html

[Jeffrey R. Pope]

Come on Chicken Little. The sky isn't really falling

[Joseph T. Burkeson, CMI]

Originally Posted by jpope

Come on Chicken Little. The sky isn't really falling

I'm usually early let's see what happens.

[Joseph A. Ferry]

Don't worry. All will be well as of 12 noon next Tuesday. The Messiah is coming!

You'll start seeing positive stories about Iraq, Afghanistan, the economy, the Big 3, consumer confidence, you name it.

[Steven C. Waskewicz]

http://www.bni.com/successnet2005/su.../founder.shtml

[Rick Maday]

Originally Posted by jferry1

You'll start seeing positive stories about Iraq, Afghanistan, the economy, the Big 3, consumer confidence, you name it.

Those stories, accurate or not, will have a positive effect on peoples perceptions of the economy and, in turn, the actual economy.

Funny how propoganda works, sometimes.

[Larry D. Kage]

Originally Posted by swaskewicz

http://www.bni.com/successnet2005/su.../founder.shtml

Ah, very good Steven..."I have perfect balance."

[Steven C. Waskewicz]

One more for the doctor of darkness....

https://store.bni.com/p-202-new-prod...on-button.aspx

[William J. Decker]

Originally Posted by rmaday

Those stories, accurate or not, will have a positive effect on peoples perceptions of the economy and, in turn, the actual economy.

Funny how propoganda works, sometimes.

And how they worked the other way.

He who controls the press, controls the people, for the people are mere sheep - V. I. Lenin.

[Joseph T. Burkeson, CMI]

Originally Posted by swaskewicz

One more for the doctor of darkness....

https://store.bni.com/p-202-new-prod...on-button.aspx

New Product* I Refuse to Participate in a Recession Button


I suggest pinning one of those bad boyz to your 401K statement, yeah thats the ticket.

[Jeffrey R. Pope]

Originally Posted by jburkeson1

I suggest pinning one of those bad boyz to your 401K statement, yeah thats the ticket.

How'd you get a 401K? My wife still pays me minimum wage, with no medical plan

Self-employment's a beotch. . .

[Steven C. Waskewicz]

I agree Joe, it IS frustrating that we don't have the control over things like we thought we had over the last 10 years or so, when those 401K's were going nowhere but up....

FWIW, I'm in an IRA now, since converting to an IRA, from a 401K in early 2007, which helped me diversify quite a bit, somewhat before the bloodbath in equities began.
I'm in the investing game for the long haul, and so not to worry about the short haul...

But contributing to the downer attitudes is not what I'm about...I'd rather help us get back to a positive business climate that helps all of us.

[Joseph T. Burkeson, CMI]

Originally Posted by swaskewicz

I agree Joe, it IS frustrating that we don't have the control over things like we thought we had over the last 10 years or so, when those 401K's were going nowhere but up....

That is no reason for misplaced optimism on the things you can't control, reality has its place and mark my word if this economic calamity we are living through is only a recession it will be cause for joy. Many, many people who are smarter than the both of us have good reason to believe otherwise. My suggestion is to keep your eyes open, stay well informed and make up your own mind.

[Joseph T. Burkeson, CMI]

Wise advice from the big picture .

And Your Excuse Is?

[Joseph T. Burkeson, CMI]

California controller to suspend tax refunds, welfare checks
John Chiang announces that his office will suspend $3.7 billion in payments owed to Californians starting Feb. 1, as a result of the state's cash crisis. Student grants are also affected.

By Evan Halper
11:24 AM PST, January 16, 2009

Reporting from Sacramento -- State Controller John Chiang announced today that his office would suspend tax refunds, welfare checks, student grants and other payments owed to Californians starting Feb. 1, as a result of the state's cash crisis.

Chiang said he had no choice but to stop making some $3.7 billion in payments in the absence of action by the governor and lawmakers to close the state's nearly $42-billion budget deficit. More than half of those payments are tax refunds.

The controller said the suspended payments could be rolled into IOUs if California still lacked sufficient cash to pay its bills come March or April.

"I take this action with great reluctance," Chiang said at a news conference in his office. But he said that without action to close the deficit, "there is no way to make it through February unscathed."

The payments to be frozen include nearly $2 billion in tax refunds; $300 million in cash grants for needy families and the aged, blind and disabled; and $13 million in grants for college students.