Trickle down economics........

[Crazy Horse]

Oh the no named caballo

http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=389x2802331

Horse with no Name  (1000+ posts)       Fri Feb-01-08 09:05 AM
Original message
Trickle down economics at it's finest
 About these advertisementsFirst of all, Exxon posts record profits

http://www.democraticunderground.com/discuss/duboard.ph...

But the REAL story is that payrolls have dropped the first time since 2003.

http://news.yahoo.com/s/ap/20080201/ap_on_bi_go_ec_fi/e...
WASHINGTON - Nervous employers cut 17,000 jobs in January — the first such reduction in more than four years and a fresh trouble sign that the economy is in danger of stalling.

The Labor Department's report, released Friday, also showed that the unemployment rate dipped slightly to 4.9 percent, from 5 percent, as the civilian labor force shrank slightly.

Job losses were widespread. Manufacturers, construction firms and a variety of professional and business services eliminated jobs in January — reflecting the toll of the housing and credit debacles. The government cut jobs, too. All those cuts swamped job gains in education, health care, retailing and elsewhere.

Wage growth also slowed, another indication that employers are tightening their belts amid the economic slowdown.

A little primitive love

lonestarnot  (1000+ posts)      Fri Feb-01-08 09:12 AM
Response to Original message
1. Layoffs are coming down the pike hard and fast.
 Edited on Fri Feb-01-08 09:15 AM by lonestarnot
Oh and it's good to see you Horse.

over at LBN http://www.democraticunderground.com/discuss/duboard.ph...

 
 

Horse with no Name  (1000+ posts)       Fri Feb-01-08 09:36 AM
Response to Reply #1
3. Good to see you too my friend
 
Yesterday, Home Depot announced 500 job cuts, JC Penney announced 200, Yahoo is cutting loose 14,000, Wyeth cutting 8000 jobs, Ford Motor Company is cutting an indeterminate number, Sprint will cut 4000, Morgan Stanley cutting 1140, Novartis 2500 jobs lost, Construction job losses could reach 1 million, and on and on.
Google "job losses" and find out that the US is HEMORRHAGING jobs--yet nobody is really reporting that.

lonestarnot  (1000+ posts)      Fri Feb-01-08 09:42 AM
Response to Reply #3
4. Maybe this will shake people out of the trees? No?

Horse with no Name  (1000+ posts)       Fri Feb-01-08 09:45 AM
Response to Reply #4
5. Doubtful because nobody can put 2 and 2 together

Yes a primitive poo flinger has finally realized that nobody can but #2 and #2 together as it's just squishy

[Bondai]

Looks to me like businesses are getting ready for a Dem President, cutting their losses early. There will be a lot a downsizing when Hillary takes office....can you say "disaster".....

[Lord Undies]

Looks to me like businesses are getting ready for a Dem President, cutting their losses early. There will be a lot a downsizing when Hillary takes office....can you say "disaster".....

Look what is happening after just one year of a democrat controlled congress.  You can look forward to a huge crumble if a democrat is elected to the White House.  A sound economy and democrats do not mix. 

[jukin]

Things were good until the democrat congress.

DUmmys, this is the recession you so wanted for the last seven years.

[Rebel]

Things were good until the democrat congress.

DUmmys, this is the recession you so wanted for the last seven years.

With consumer confidence being probably the most important factor to a Capitalistic economy, yes, it's turning out exactly how they wanted it. Those fools have been playing down the economy so f'n much for the sake of regaining power that people actually started believing the shit. Now consumer confidence has tanked...and the economy is following right behind.

Libs, your choice, Balkanization or Revolution? That's where you're leading us.