Schwarzenegger plans 20% pay cuts for hundreds of thousands of workers.
How many of those workers were even saving 10% of their incomes?
America is shutting down based on the current Zombulation policies.
Alcoa's sales are down OVER 40%.
Auto sales are down OVER 50%.
New home sales are down OVER 75%.
Country Clubs are shutting down.
Restaurants are shutting down.
Neighborhoods becoming ghost towns.
Shopping malls becoming ghost malls.
Box stores becoming ghost boxes.
Bank Closures growing rapidly.
Foreclosures so no sign of abating.
Loan defaults reaching new highs.
And here are some not so fun y/y retail numbers:
BJ's June same-store sales down 7.5%
Macy's same-store sales down 8.9% in June
Dillard's June same-store sales down 14%
Aloca sales down 41%
German exports fall 25 percent in May
Limited Brands June same-store sales fall 7.9%
The Limited June same-store sales down 12%
Children's Place June same-store sales down 12%
Destination Maturnity: June comp. sales down 10.7%
Costco June same-store sales fell 6%
Hot Topic June same-store sales down 7.9%
American Eagle June same-store sales down 11%
Gap June same-store sales down 10%
Abercrombie & Fitch same-store sales off 32%
Now even the homeless are getting kicked out of shelters:
A new tent city populated by about 100 homeless people along a Sacramento street has prompted a charity agency to propose that the city allow it to lease land to establish a legal place for those people and others to stay.
On Tuesday, Sacramento police told people staying in the encampment that they had three days to move to another site.
After the Cal Expo homeless shelter closed for budgetary reasons on July 1, the more than 200 homeless men, women and children were left without a legal place to reside, said officials with Volunteers of America, the charity that ran the shelter.
What does it say about the state of the ecnomomy when the homeless have no place to say?