The final week of January began with a bloodbath for the job market, as over 71,400 more cuts were announced on Monday alone. Full Story »
Posted by Kaizar Campwala
Sounds terrible. Why? Because all it does is show the bare facts, but not the context. 71,000 jobs is a minuscle part of the total work force. Nothing said about the rush to downsize either. Last time companies did that they found they couldn't meet demand when it returned, so they prolonged the recession. In short, simple propaganda.
Ms. Pepitone reports that the economy will ease up in the near future and it's good that we will have a definite notice able recovery when it comes. In the time being, people have to eat.She says the bottom hasn't fell out of the economy. With over 200,000 thousand jobs, lost in the month of January, an no telling how many in the coming month, what bottom is she looking at.
With the Liberal's and Conservative"s locking horn's today, with the right, as usual, wanting to spend the money on tax cuts(can't they ever come up with new ideas) Obama has the votes, but wants a large majority, and I don't see that coming. Take want you can get and move on.
Retrieving Comments
