Results 1 to 4 of 4
Like Tree1Likes
  • 1 Post By HAPPY2BME

Thread: Economic Disintegration is Almost Here

Thread Information

Users Browsing this Thread

There are currently 1 users browsing this thread. (0 members and 1 guests)

  1. #1
    Senior Member patbrunz's Avatar
    Join Date
    Jan 2006
    Posts
    2,331

    Economic Disintegration is Almost Here

    November 20, 2012
    Economic Disintegration is Almost Here
    By Monty Pelerin

    The disintegration of an economy and a society can take two courses. One course is like rust. It is slow and barely perceptible. The other is a sudden collapse. The first course, if left untended, eventually turns into the second.

    The US economy is now rusting away. Arguably it has been for decades. For anyone interested in looking, the signs are there. They will soon become unavoidable for even the most disinterested of our citizens.

    Dan Amoss correctly described what is happening as a result of Washington's overbearing involvement in the economy:

    All government-directed economic activity grows at the expense of the private sector. And the election suggests that government coercion will drive even more U.S. economic activity in the future. This is a shame, because freely adjusting prices, competition, and innovation elevate living standards. Mandates, price controls, and subsidies - coercive actions - depress living standards. Quality falls. Shortages develop and persist.

    Mr. Amoss is correct but does not forcefully convey the reality of a dying economy. These effects are beginning to appear.

    Many businessmen hung on, hoping for a change in the madness that passes for economic leadership and policy. These hopes were dashed with the re-election of the ideologue driving the madness. Obama won the electoral college, but not the confidence of business. They are just beginning to cast their votes and it does not bode well for the future. Here is a partial list of the business reactions to the outcome of the election:

    Layoffs Announced Since Election:

    1. Abbott Labs 700
    2. Activision 30
    3. Adventist Health 48
    4. Airlines SAS 6000
    5. AMD 400
    6. American Cotton Growers 110
    7. ArcelorMittal 20
    8. American Independence Museum 4
    9. Ameridose 790
    10. American Airlines 4400 + 800 leaving voluntarily
    11. American Coal 54
    12. Atlantic Lottery Corporation 16
    13. Assc Milk Producers 130
    14. Aveo Oncology 45
    15. ATI 172
    16. Bankia 5000
    17. Bechtel Power Corp 277
    18. Bigpoint Games 47
    19. Boston Scientific 1200
    20. Brake Parts LLC 75
    21. Brattleboro Retreat 31
    22. Bristol Myers 500
    23. Career Education 900 + Closing 23 Campuses
    24. Cigna 1300
    25. Citigroup 100
    26. Commerzbank 6000
    27. Consol Energy in W.V. 145
    28. Covidien 595
    29. Crouse Hospital Syracuse NY 70
    30. Cummins 150
    31. CVPH 27
    32. DEP in Tallahassee FL 15
    33. DuPont, Co. 64
    34. Eagle-Tribune, Andover 21
    35. Emanuel Medical Cente 24
    36. Energizer Holdings 1500
    37. Ericsson 1550
    38. Exide Tech, Laureldale 150
    39. City of Findlay, OH 39
    40. First Energy 400
    41. Gameforge Berlin 20
    42. Gamesa Energy 92
    43. GenOn Energy Inc 33
    44. Glen Falls Hospital 29
    45. Groupon 80
    46. GT Advanced Tech 165
    47. Harris' Broadcast 17
    48. Hawker Beechcraft 400 + Facilities closing
    49. Hill Rom 200
    50. Hills Holdings 300
    51. HMX Group 567
    52. Hostess 627
    53. Iberia Airlines 4500
    54. ICM of Colwich 25
    55. ING 2350
    56. Judson University 21
    57. Juniper Networks 500
    58. Kaiser Permanente 84
    59. Kinetic Concepts 427
    60. Kratos Defense Security 125
    61. Lackawanna County PA 11
    62. Lightyear Network Solutions 12+
    63. Lonza 500
    64. Majestic Star Casino/hotel 80
    65. Major Wind Company 3000
    66. Martha Stewart Living 70
    67. Medtronic 1000
    68. Mills Manufacturing NC 68
    69. Momentive, Inc. 150
    70. Monitor Group 235
    71. Montco Behavioral Health/Dev 58
    72. NBC 500
    73. Nebraska Medical Center 38
    74. Neovia Logistics Services 52
    75. New Energy 40
    76. Ormet 200
    77. Panasonic 10000
    78. PayPal 320
    79. Penn Refrigeration 40
    80. Penske Logistics 50
    81. Pepsi 4000
    82. Philips Electronics 218
    83. Pierce Mfg 325
    84. Pratt & Whitney Rocketdyne 100
    85. Research in Motion 200
    86. Rheem Manufacturing 50
    87. Sentry Foods 70
    88. Shaw's Supermarket 700
    89. Shawano foundry WI 90
    90. Smith & Nephew 770
    91. Smithfield Packing Co. 125
    92. Solel Solar Systems 140
    93. Southeastern Container 15
    94. SpaceX 100
    95. SRA Intl Inc 222
    96. St. Jude Medical 300
    97. Stryker 1170
    98. Sulake 60
    99. Sun Media 500
    100. TE Connectivity 620
    101. TECO Coal Corporation 90
    102. Texas Instruments 1700
    103. The Providence Journal Co 23
    104. TMX Group Ltd. 100
    105. Turbocare 220
    106. Turkey Point Nuclear Plant 277
    107. Oce North America, Inc. 135
    108. Turbocare OCE 220
    109. UBS 10000
    110. US Cellular 980
    111. UtahAmerican Energy Inc 102
    112. Volvo Trucks Pulaski County 300
    113. Wake Forest Baptist Medical 950
    114. Welch Allyn 275
    115. West Ridge Mine 102
    116. Westinghouse 50
    117. World Media Enterprises Inc 105
    118. WPS Health Insurance 600
    119. Wright Patterson AFB 115
    120. Wyodak Coal Mine 11
    121. Xerox 2500
    122. Yakima Reg Med Ctr Washington 10+

    Announced Business Closures Since Election:

    1. Bakers Footwear closing 150 stores nationwide, including 21 in California
    2. The SCA plant in Barton - Plans Staff Reductions
    3. Handy Hardware to close its 2-year-old Meridian, Miss. warehouse
    4. Caterpillar Inc. will close its plant in Owatonna Minn.
    5. Waltz Pharmacy in Waldoboro Maine
    6. Zac's Place in Hinsdale IL
    7. Lone Star Steakhouse at 70th and O streets and Ruby Tuesday at 56th Street in
    8. Lincoln NE
    9. Career Education Corp - Closing 23 Campuses - 900 Jobs Lost
    10. Handy Hardware to close its 2-year-old Meridian, Miss. warehouse
    11. Shamrock Bar at Payne City's Rose Avenue. in GA
    12. Monitor Company Group LP
    13. ThinkEquity LLC
    14. Homer City Funding LLC
    15. Caterpillar Inc. will close its plant in Owatonna Minn.
    16. Mount Pleasant's Albrecht Sentry Foods
    17. The Target store at Manassas Mall Va.
    18. Millennium Academy in Wake Forest NC
    19. Target Closing Kissimmee FL Location
    20. Calgary's iconic Rideau Music store ( International )
    21. The Andover Gift Shop in Andover MA
    22. Grand Union Family Markets Closing Storrs Location CT
    23. Movie Scene Milford Location NH
    24. Update: TE Connectivity Closing Greensboro Plant - 620 Layoffs Expected
    25. Gomer's Fried Chicken in South Kansas City
    26. Kmart in Homer Glen
    27. Fresh Market on Pine Street in Burlington
    28. AGC Glass North America to permanently close its Blue Ridge Plant in Kingsport Tenn.
    29. The Target store at Platte and Academy in Colorado Springs
    30. Island Colors - A Carolina Beach Clothing Store
    31. The Roses store on Reynold Road in Winston-Salem NC
    32. Meanders Kitchen losing its West Seattle location at 6032 California Ave
    33. Bost Harley-Davidson at 46th Avenue North and Delaware Ave. in West Nashville TN
    34. Townsend Booksellers in Oakland
    35. The Kmart store in Parkway Plaza off University Drive in Durham NC - 79 Jobs Lost
    36. Guarantee Shoe Store in Beaumont Texas
    37. Associated Milk Producers Inc. Closing manufacturing facility in Dawson Minn. - 130
    38. Jobs Lost
    39. FacadeTek Inc Closes Whitestown Facility - 72 Jobs Lost
    40. Comet Market in Punxsutawney Pa.
    41. JC Penney store in Miracle City Mall Titusville FL
    42. TurboCare Inc Closing Manchester CT Facility - 88
    43. The United Colors of Benetton store on Armitage Avenue IL
    44. Update: Bicycle shop Ten 27 Cycles 1027 Davis St. in Evanston IL
    45. Two Sears Product Rebuild Centers in The Woodlands Texas
    46. FesslerUSA Clothing Maker Closing in PA
    47. Ralph Lauren's plans to close its 14 stand-alone Rugby locations
    48. Nashville Sash & Door Co. Inc Tenn.
    49. First Portuguese church in North America in Bedford Mass Closing?
    50. International Fashions in Carbondale's University Mall IL
    51. Harper's Old Army Surplus Store in West Monroe La
    52. Nova Financial Holdings
    53. The Party Warehouse in West Springfield Mass.
    54. TLC Wine and Liquor at 1205 W. Main St in Kent Ohio?
    55. The HAPPY Place 1042 N Coast Hwy, Laguna Beach, CA
    56. Air Carrier Accessory Services - Chapter 7
    57. SOW Inc. shelter on South Broad Street GA?
    58. Systemax Inc., Closing Miami County Ohio Computer Plant - 120 Jobs Lost
    59. Textbook publisher McGraw-Hill Cos. Closing 2 Distribution Centers - 166 Layoffs
    60. First Place Financial Corp
    61. Nash Finch Closing Cedar Rapids Iowa Food Distribution Center
    62. Johnnie's Foodmaster MA Closing all 10 Locations
    63. Rainbow Foods will be closing its Forest Lake location MN - 59 Layoffs
    64. Berry's Camera Shop Inc. in Downtown Lafayette
    65. Schreiber Foods to close their food packaging plant in Ravenna - 70 Jobs Lost
    66. Kmart store at 5300 Salem Ave. Trotwood Ohio
    67. Mr.Christie plant in Toronto ( International ) 2013 - 550 Jobs Lost
    68. Coffee with T cafe in Stevenson Village business MD
    69. Minas Basin Pulp and Power are closing a mill in Hantsport ( International ) - 135

    Actual Layoffs:

    1. The Colonial Country Shoppe on Park Street in Adams MA
    2. Vestas Wind Systems Closing R&D; Office in Louisville - 60 Jobs Lost
    3. Dollar Castle in downtown Ferndale MI
    4. Bistro One West in St Charles IL
    5. Sun Dog Diner in Neptune Beach FL
    6. Jim's Builders Hardware in Wichita, Kansas
    7. Madeleines Bakehouse in Fort Wayne Indiana
    8. Barnes & Noble plans to close its doors in Union Station Dec. 31
    9. The Semiahmoo Hotel in Blaine Washington
    10. Highland Curves CA
    11. The Salem Sport Shop in Salem Ohio
    12. Navistar International Corp. to Close truck assembly plant in Garland, Texas - 900
    13. Jobs Lost
    14. Divine Mercy Catholic Books & Gifts Denton Texas
    15. Singer Mental Health Center in Rockford IL
    16. Garelick Farms Ends Production at Bangor Maine Facility
    17. Fashion Tech Window Coverings in Portland?
    18. Custom House Tavern Chicago IL.
    19. Jim's Builders Hardware in Delano
    20. Lone Star Steakhouse at 1801 22nd St. in West Des Moines
    21. Sears to Close Woodlands Product Rebuild Center - 117 Jobs Lost
    22. Whitehead Inc Rockford Real Estate Company
    23. Robert's Mens Shop in Downtown New Philadelphia Ohio
    24. Fort Tecumseh Olde Fashun Store in Ohio
    25. Lakewood Beginnings Child Development Center in Lakewood Ohio
    26. Green Fields Seed & Feed in Grand Junction Colo.
    27. The Army and Navy Store in Melrose Mass.
    28. Vitalistic Therapeutic charter school PA
    29. Diamond Foods Inc Closing a plant in Fishers Indiana
    30. Old Town Alehouse 5233 Ballard Ave in Seattle
    31. Space Aliens restaurants in Minot and Grand Forks ND
    32. DeWaay Financial Network LLC
    33. Sears at Quail Springs Mall Oklahoma City OK.
    34. Fashion Bug in O'Fallon MO is closing in January
    35. Kmart Store in Oak Hill W. Va
    36. Update: Jett & Hall men's clothing store in Richmond KY
    37. D.C. school List of Possible Schools Closing to Be released Later today
    38. Dunkin' Donuts in Holly Hill FL
    39. Hostess Brands Inc Permanently Closing 3 Bakeries Following a Nationwide Strike
    40. Philips Electronics subsidiary Lightolier will close its local fluorescent light
    41. fixture manufacturing plant in Willington
    42. Smithfield Packing Co. will close in 2013, laying off a total of 400 employees
    43. SuperFresh outlets in Marlton and Westmont NJ
    44. The Bagel Shoppe in Katonah NY
    45. Ben Franklin and Homestead House Gifts in the Kimball Ridge Center in Waterloo IA
    46. Several West Virginia Suzuki dealerships Being Forced to Close
    47. Kowalski Cos Closing All 4 of its Metro Detroit Delis but to Continue Food
    48. Production
    49. Three Memphis charter schools and one in Nashville Tenn. Could Close Due to Poor
    50. Test Scores
    51. The Custer School District SD - Closing 2 Rural Schools
    52. The Dressing Room, on North Lincoln Avenue IL
    53. The Utica Office Of Ibope Ny

    Bankruptcies:

    1. AMF Bowling Worldwide Inc
    2. Aletheia Research & Management Inc
    3. Omtron USA
    4. Helmkampf Construction in Olivette
    5. Clear Light Publishers
    6. Monitor Company Group LP
    7. ThinkEquity LLC
    8. Homer City Funding LLC
    9. US Suzuki Distributor - Chapter 11
    10. Revolt Technology

    This list should frighten every thinking American. It is a huge warning regarding what lies ahead. These changes are coming to an economy that is already unable to provide jobs or sustain living standards.

    Decline is a slow process, until it becomes fast. It is not easy to see at first. It should be obvious to most that our economy is approaching a critical stage. When you have destroyed the trust and confidence of business, there will be no job creation.

    Some parting words are in order for those responsible for the decisions reflected above. Shutting down and giving up is anathema to the spirit that built this country and is now only found among our entrepreneurial class. It goes against the very fiber that drives success. It is a last resort for entrepreneurs.

    The decision to quit is lonely, involves guilt, self-doubt and remorse. It is the last act for someone that has tried everything to avoid it. Giving up and withdrawing is not an act of retribution. People do not willingly choose to go to Galt's figurative gulch. They are forced there.

    While the masses exult in the continuation of their food stamps, cell phones and other booty, the real story of this election is yet to be told. The nation is about to find out that policies and elections have consequences more important than free stuff.

    The war against private enterprise can no longer be denied. President Obama's re-election ensures that it will continue and likely accelerate. The makers are beginning to give up. The takers don't have a clue. Soon the country is going to get a real-life lesson in economics. TANSTAAFL (There ain't no such thing as a free lunch) is about to be learned.

    Articles: Economic Disintegration is Almost Here
    All that is necessary for evil to succeed is that good men do nothing. -Edmund Burke

  2. #2
    Senior Member HAPPY2BME's Avatar
    Join Date
    Feb 2005
    Posts
    17,257
    Another incredible adverse economic tsunami will impact in Jan, 2012 when Obamacare kicks in and companies go out of business because they will not be able to pay the levied Obamacare fee.

    e.g., HobbyLobby could be fined over $1 million a day if they do not comply with Obamacare.

    Expect massive layoffs next year, starting early ..
    patbrunz likes this.
    U.S. Constitution - Article IV, Section 4: GUARANTEES AMERICA FROM INVASION!

  3. #3
    Senior Member patbrunz's Avatar
    Join Date
    Jan 2006
    Posts
    2,331
    Quote Originally Posted by HAPPY2BME View Post
    Another incredible adverse economic tsunami will impact in Jan, 2012 when Obamacare kicks in and companies go out of business because they will not be able to pay the levied Obamacare fee.

    e.g., HobbyLobby could be fined over $1 million a day if they do not comply with Obamacare.

    Expect massive layoffs next year, starting early ..
    It's really sad. Especially since it could have been prevented if the "useful idiot" conservatives didn't sit out on election day and allow nobama to win because Romney wasn't "conservative enough," for them. Boneheads!! Their idiocy has doomed us all.
    All that is necessary for evil to succeed is that good men do nothing. -Edmund Burke

  4. #4
    Senior Member vistalad's Avatar
    Join Date
    Jan 2009
    Location
    NorCal
    Posts
    1,974
    Quote Originally Posted by patbrunz View Post
    [I]t could have been prevented if the "useful idiot" conservatives didn't sit out on election day and allow nobama to win because Romney wasn't "conservative enough," for them.
    Yep. At some point we have to get used to voting for the best available.

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •