Planned jobs cuts surge 60 percent in July
A wave of private-sector downsizing pushed the number of announced job cuts by U.S. employers to a 16-month high in July, according to a report released Wednesday.
The 66,414 announced job cuts last month were up 60 percent from the previous month, according to the report by the Challenger, Gray & Christmas outplacement firm. The July figure was 59 percent higher than the planned layoffs announced in July 2010.
July’s planned cuts represented the largest monthly total since March 2010, when 67,611 job cuts were announced by the nation’s employers, Challenger said.
The July increase was dominated by a handful of private-sector employers, Challenger said. They include Merck & Co., Borders, Cisco Systems, Lockheed Martin and Boston Scientific. The job cuts from these five companies alone accounted for 57 percent of the July total.
Despite the increase in planned job cuts, the pace of downsizing in 2011 remains slower than 2010, Challenger said. So far this year, employers have announced 312,220 cuts — 8 percent fewer than in the first seven months of 2010.
But the trend has been getting worse recently.
“July marks the third consecutive increase we have seen in monthly job-cut announcements, which certainly seems to provide additional evidence that the recovery has stalled,” John Challenger, CEO of the firm, said in a statement. “What may be most worrisome about the July surge is that the heaviest layoffs occurred in industries that, until now, have enjoyed relatively low job-cut levels, including pharmaceuticals, computer and retail.”
Pharmaceuticals led all industries with 13,493 job cuts in July, Challenger said. It was the first time in seven months that government was not the top job-cutting sector. Government was the third largest job-cutting sector in July (9,389 cuts), behind retail, where employers announced 11,245 cuts.
On Friday, the government will release the nation’s jobless rate for July. Many economists are predicting it will remain unchanged at 9.2 percent.
– Henry Unger, The Biz Beat
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233 comments Add your comment
prophet
August 3rd, 2011
11:23 am
all our focus and hope needs be rooted in Faith. the root and solutions of all these issues have been proclaimed long ago. it’s now really unfolding quickly. it’s all in the unseen spiritual realm. we can’t see it neither solve it. only God can. this is real. very critical/difficult times these days. what does the future hold?
wars, earthquakes, famines, hatred, corruption, sensualism, greed, security, fear…. universal products of Godless humanism. iphones, ipads, pcs have us distracted/disconnnected from the source of Life, on a course of self destruction. these devices are our gods, we want to be our own god(s). it’s not the devices but our neglect of the true and living God. God allows us to choose for ourselves.
not easy choices to make we have no options, nothing to lose and the best to gain. all things are possible
have Faith, choose Life, have a great day!
Obamanomics at work
August 3rd, 2011
11:25 am
This is what happens when you have a community organizer for a president making economic policy. Why people elected this no nothing clown is still a mystery.
sliderule
August 3rd, 2011
11:27 am
Alphare
The Chinese are happily accepting our help setting up manufacturing from us and building their infrastructure from profits generated all the while starting to protect their new businesses. I fear their Government is far more shrewd than the puppets in our Congress. Our so called US companies are becoming a small group of people at the head with no body (workers, factories) intent on maximizing their profit. At some point the Chinese will simply lop off the heads.
Cephus Jackson
August 3rd, 2011
11:28 am
Whar kin I gitz one ov Obama’s gub’mint jobs?
I be tired of workin fo da man
PappyHappy
August 3rd, 2011
11:36 am
You don’t think this had anything to do with the unemployment numbers do you??
*Cash for Clunkers
*Wall street bailout
*Auto bail out — especially the ONE BILLION DOLLAR + LOSS ON CHRYSLER!
*….EVEN the Olympic Bid!
*Economy in general and jobs in particular
*Numerous foreign policy debacles, Yemen and Libya the most recent.
*Failure to secure US borders
*Times Square bomber
*GITMO
*Apology tours
*Obama CZARS
*Lack of effective action in the Gulf Spill, and failure to listen to the governors involved – Obama just seems to DITHER — could be why we are paying $4 a gallon gas now!
* And how about that uncontrolled deficit GANG?? Obama appears to be totally void of any management skills! (How many times does the IMF and CBO have to tell us we are BROKE??)
* Blames others for his failures, and uses scare tactics for seniors and the military
*Pubic Education on its rump while we fall further behind the developed countries – bends to unions.
*Four wars – two started without approval of Congress in last six months (Libya and Yemen)
*The disastrous “Operation Fast and Furious” – DOJ selling assault rifles to drug cartel in Mexico
*Stock Market tanks in August 2011!!!
*.. and how do you like 9.2% announced unemployment – closer to 20% when we count those who have been dropped from the rolls!
*Manipulation of ICE agents to provide a backdoor to illegal aliens – as is being discussed on the Hill (as of June 28).
*NLRB DICTATING where businesses can move and operate (Ask Boeing!)
* He dumps oil from the US EMERGENCY RESERVE!! Why will he not allow the US to explore and drill our own?? We could once again become an exporter!
*Regulations strangling business — including small businesses — at ever turn
* Jerking defeat from the jaws of VICTORY in Iraq and Afghanistan
* And how about his leadership in the debt ceiling broohaha??
* And, his solution to everything concerning jobs is MORE GOVERNMENT!
IDIOTIC!
Cobbian
August 3rd, 2011
11:50 am
Amidst all the gobbledegook about taxes, take a look at the economy in times of high taxes. We had the greatest economic expansion in the world when we had sky high tax rates in the 1950s, 1960s, and 1970s. What happened? Why did it work one time to tax the tar out of those with the most and tax corporations at extraordinary rates and still the economy grew for all – education expanded, companies grew, new industries were founded. The world was our oyster and we could eat it all up with whatever sauce we wanted. We never dreamed that a corporation would establish itself overseas to avoid taxes – we were the biggest, the best, the richest, the smartest, the …whatever else you could think of to brag about.
We have cut taxes again and again and gotten a short-term bump in employment but not a long term period of growth from the tax cuts. No, it was not and is not tax cuts that create a booming economy.
If tax cuts create jobs, where are they? I mean, the Bush tax cuts have been in effect for 10 years, so where are the jobs?
Since the early 1980’s what tax policy has done is reward corporations for sending jobs overseas because it did build profits – for the few. By 2007, the U.S. had the greatest concentration of income, net worth, and financial wealth since just before the Great Depression. The only industrialized country that surpasses the U.S. in wealth concentration is now Switzerland.
Look at just one measure. In the early-mid 1980’s about 50% of income went to the top 20% and 50% went to the bottom 80%. As of about 2006-2007, 60% of income went to the top 20% and 40% went to the bottom 80%. If you looked at that data year over year, you would see that it is a pretty steady, slow creep in more going to the top and less to the bottom. In other words, “trickle down” was a trickle up. The same is true for the concentration of net worth and financial wealth. Since the figures I found stopped before the Bush Great Recession, we may well have surpassed that point. With the economy tanked, unemployment at over 9%, and housing prices in most places steeply lower (a major component of net worth for the lower 80%), does anyone really believe that the lower 80% have not been disproportionately affected by all this?
Federal government revenue as a percent of GDP is the lowest it has been in 60 years, primarily because of the Bush tax cuts which gave a tax break to most of us, but primarily to the wealthy. At this point, with all the tax loopholes and tax favors, the effective income tax rate on the very wealthiest is 18%. That is because most of the income of the very wealthy is in categories that are taxed at 15%. Hedge fund managers who get tens of millions in bonuses pay a lower effective tax rate than their secretaries.
We do have a spending problem at the federal level but we also have a taxing problem. The so-called “fair tax” will attempt to tax more from people who have been slowly, over 30 years, been loosing a share of the income and wealth of this country. Isn’t there a sayng about getting blood from a turnip? Most of the blood – the income and wealth that is the source of taxes – is up in the hands of the top 20%, where it has been slowly accumulating. The turnips just don’t have much to give any more.
The CBO estimates that letting all current taxes that are scheduled to expire go ahead and expire will increase tax revenues by $5.6 trillion over the next 10 years. Even though I will be one of those hurt by it, at the middle class level, I think we need to let them expire. In addition we need to stop giving a $2 billion tax break to big oil, which earned $30 billion in profits in the last quarter. We need to stop the tax break for hedge fund managers. And we need to keep taxes on an inheritance. Only 0.6% of estates (that is six tenths of one percent) are taxable at the current rates. If those taxes are forgone, it would create another $1 trillion in reduced tax revenue. Think about that. The $1 trillion is not the value of the estates of those 0.6% of all estates, that very small number of estates – that is just the inheritance taxes on the estates, which are worth far, far more.
There is more clean-up to do of tax favors for specific groups, given with the idea they would create something better for society – but which, obviously, have not done so.
Businesses tell us they are waiting for an uptick in demand, in spending, to get a signal that they should hire more and invest more. The biggest spender, the federal government, is not going to do that because we are in a quagmire of debt already. Instead, we are going to cut federal spending, therefor increasing unemployment, deepening the recession, and delaying the time at which the economy can make a turn around.
There isn’t an answer here folks. I think we are heading for another dip. But, cutting taxes more is not the answer, changing to a “fair-tax” is not an answer. And cutting the social safety net programs is not an answer when we have been through a protracted period of slowly loosing ground and then the abrupt chop of this deep recession, that has financially devastated millions of families.
jan
August 3rd, 2011
11:59 am
The Bush economy, still wrecking havoc on this country. So glad Bush decided to spend 8 years fighting wars against a country that had nothing to do with 9/11, giving tax breaks to oil companies and billionaires, while the country went into the toilet. How Bush managed to turn a 3 trillion surplus left by Clinton into a 2 billion dollar deficit is a feat likely never to be matched again. We’ll be paying for Bush’s screwups for many years to come.
doh
August 3rd, 2011
12:02 pm
The last time unemployment was this high was in 1993, at 7.0% The solution then was to increase taxes on the wealthiest 1.5% through the 1993 Deficit Reduction Act. Unemployment dropped to 4.0% by 2000.
In 2001 Bush signed the tax cuts into effect and the next year unemployment jumped to 5% and eventually rose to 7.2%
Anyone notice something?
e. harris
August 3rd, 2011
12:07 pm
The problems is that the jobs that once covered small town America and provided a source of income to families have disappeared overseas or south of the border.
The sad part about it is the wages there are cheap, the finished products are returned to America to be sold at prices as if made in America. The profits are high for the owners.
The solution is to tax the products as if they were made in america,then we Americans could not afford them, and the jobs will return to America.
The Dogfighter Returns
August 3rd, 2011
12:08 pm
y’all need to stop bitchin and crying like a bunch of P*ssies and spend your time mastering capitalism.
Once you do this you will not be bewildered by the world you live in.
carry on.
T-right
August 3rd, 2011
12:17 pm
Who we owe other than ourselves.We police the world for free when the house we live is falling apart. Iran,Iraq,Lybia, Aid to Japan and Hatti. We pay foreign aid all over the world, who can we owe? We should charge for policing the world, now thats Capitalizm!
doh
August 3rd, 2011
12:20 pm
You don’t think this had anything to do with the unemployment numbers do you??
*Cash for Clunkers (jobs? what did this have to do with jobs?)
*Wall street bailout (jobs were not lost in the wall street sector as they were in manufacturing, construction, government contracts, etc.)
*Auto bail out — especially the ONE BILLION DOLLAR + LOSS ON CHRYSLER!
*….EVEN the Olympic Bid! (right cause the American auto industry just disappeared, you cant even get an american car and they didn’t open any new plants in america)
*Economy in general and jobs in particular (gotta blame Bush for giving Obama a 8.0% unemployment rate when he took office)
*Numerous foreign policy debacles, Yemen and Libya the most recent. (right..cause so many american companies want to do jobs in Yemen and Libya. Well GE got 3 huge contracts in Saudi Arabia)
*Failure to secure US borders (well how do you expect the illegals to get out of here if you put up a wall? sheesh you want them to go or not? BTW I hear you can get a job pickin crops if you want)
*Times Square bomber (right)
*GITMO (is that the Bush GITMO or Obama GITMO? did you want a job there?)
*Apology tours
*Obama CZARS (they got jobs didn’t they)
*Lack of effective action in the Gulf Spill, and failure to listen to the governors involved – Obama just seems to DITHER — could be why we are paying $4 a gallon gas now! (gas is $4 because of the BP disaster? It isn’t $4 now. The Federal Government had no control over that, that was the states and the companies which paid people for their losses. Again, I’m sure BP would have hired you to clean the beaches at $15-20 an hour)
* And how about that uncontrolled deficit GANG?? Obama appears to be totally void of any management skills! (How many times does the IMF and CBO have to tell us we are BROKE??) ((They told us we were broke in 2000. The Republican solution for 8 years-CUT revenues and SPEND more!)
* Blames others for his failures, and uses scare tactics for seniors and the military (its no scare tactic. Its the law. The social security ACT does not guarantee ANYONE of ANYTHING regardless of how much they pay into it. The 1960 Conservative Supreme Court decided that in the Nestor Case) (as to the military, you see the article this morning, the pentagon is scrambling doing budget disaster drills cause they know the free gravy train ride is over)
*Pubic Education on its rump while we fall further behind the developed countries – bends to unions. (do we have a union here in GA? Education is a state issue not a federal one. Learn your civics.)
*Four wars – two started without approval of Congress in last six months (Libya and Yemen) (WHo is fighting in Yemen and Libya? What troops do we have there? Or are you talking about the airstrikes that Reagan, Bush Sr. and Clinton did)
*The disastrous “Operation Fast and Furious” – DOJ selling assault rifles to drug cartel in Mexico (how did this effect jobs? Did YOU want to sell guns to the Mexicans?)
*Stock Market tanks in August 2011!!! (right one bad day on the 2nd day of the month ruins it for the other 28 days that hasn’t happened yet)
*.. and how do you like 9.2% announced unemployment – closer to 20% when we count those who have been dropped from the rolls!
*Manipulation of ICE agents to provide a backdoor to illegal aliens – as is being discussed on the Hill (as of June 28). (as I said, feel free to pick some cotton,someone will hire you.)
*NLRB DICTATING where businesses can move and operate (Ask Boeing!) (Obama has no control over what the NLRB does. Plus who protects the workers in the North West, what if Boeing decides after they move to Charleston to go to China?)
* He dumps oil from the US EMERGENCY RESERVE!! Why will he not allow the US to explore and drill our own?? We could once again become an exporter!(He dumped .01% of reserve. Big whoppin deal)
*Regulations strangling business — including small businesses — at ever turn (Ok, list them.)
* Jerking defeat from the jaws of VICTORY in Iraq and Afghanistan (I thought we won in Iraq? Are they still fighting?)
* And how about his leadership in the debt ceiling broohaha?? (actually the executive branch can not make policy on Congressional debt. Learn your separation of powers)
* And, his solution to everything concerning jobs is MORE GOVERNMENT! (Lockeed Martin gets 85% of its profit from the Federal Government, they are considered “Big Government” They just cut a bunch of NASA workers and look what happens, all the small businesses on the space coast are folding up shop.
Grandpa…take your socialist sponsored Vicadin, have a swig of something you paid for with your social security check and remember one thing….
If Bush and the Republicans had actually done what they promised us from 2000-2008(balance the budget, get rid of the debt) you wouldn’t have a Black President and Liberal Congress ruining your life, you would still have a Republican President and Congress…but even Bush screwed that up for you. It isn’t their fault they got elected.
I never laughed so hard in my life!
Barry Obama
August 3rd, 2011
12:26 pm
Capitalism and free enterprise are the enemy. Only government knows what is best to control the ignorant masses.
Jasmin
August 3rd, 2011
12:26 pm
While I see both sides of the debates but lets just think realistically…
Corporations have been enjoying NO TAX in the US for years… however we have seen jobs in the US decrease and sent outside to other countries… For some reason Republicans “believe” if we continue to keep the tax breaks the jobs will be created!!! Where is that at??? For YEARS big corporations enjoyed no taxes and for years jobs have been outsourced!!! Why is this sooo hard??? If they havent created jobs for years while the tax breaks why would they create them now!!! Let them pay their fair share and stop with the “what-ifs”!!!
Democrat
August 3rd, 2011
12:27 pm
fo mo years !
bev
August 3rd, 2011
12:35 pm
Reduce the size of government. Reward the successful.
GKM
August 3rd, 2011
12:37 pm
Wake up people. Being the world’s reserve currency means the US is forced to keep running massive trade deficits and eat its people alive sending all jobs out of the USA.
That is how the floating currency system works. It is why they are always looking for another free trade deal to keep the currency floating, but it does not work anymore now that they have destroyed the US consumer base.
Supply side economics with floating currency has been a death sentence given the US since 1971 when the stupid system was put into play rather than let go of being the world’s reserve currency or losing all the US gold in exchanges.
bev
August 3rd, 2011
12:38 pm
Jasmin, good point about tax breaks to corporations that send jobs overseas. Solution – tax breaks equivalent to the number of American workers.
SLAPPIN' DE BASS MAN...
August 3rd, 2011
12:40 pm
Amazin’ how tax cuts haven’t changed SINCE Dubya, and all the jobs have gone. How’s that trickle down theory working out for ya’? Frikkin’ lyin’ a** Republicans….
toughtimes..
August 3rd, 2011
12:41 pm
Forget democrat, republican… I don’t give a D@MN!!! JUST CREATE JOBS!!!!!!!!!!!
JOHN
August 3rd, 2011
12:42 pm
how to stifle the economy and stop job creation:
1. raise the minimum wage
2. unleash the EPA,NLRB,all the other alphabet agencies who write new regulations
3. Refuse to issue drilling permits.
4. Pass a healthcare act with many new regulations, some of which cannot be interpreted or understood.
5. keep borrowing and spending money on frivolous programs
6 fill cabinet and departments with politicians and academics and have no one with any business expserience.
What company thinks they should hire employees and expand when they fear that the new and proposed regulations will be unaffordable. Better to just sit on the sidelines and wait until wiser people are elected.
AFSOC1stSgt
August 3rd, 2011
12:53 pm
Peter writes: “YUP Point/Counterpoint………. the family that owns Wal Mart is not rich off the backs of their employees are they?”
No Peter, they are rich because millions of people, maybe even you, shop in their stores. Would you rather those thousands of Walmart employees be unemployed?
Enough of the "Change"
August 3rd, 2011
12:57 pm
At least under Bush this educated Black man could find a job.
In November 2012 I won’t be voting for the lying, community organizer.
LARRY
August 3rd, 2011
1:06 pm
Large companies don’t care about the working force, only executives and their bottom line. They work the remaing workers extra hours or send the jobs to other countries. We need a flat tax system so that people and business would pay their fair share. Lots of large companies because of loopholes, never pay a dime. But you must remember, these companies employed hundreds of lobbyist to buy out politicians to get their way. This must be stopped!
Point/Counterpoint
August 3rd, 2011
1:07 pm
JOHN – “Better to just sit on the sidelines and wait until wiser people are elected.”
Only if those “wiser” people can convince American workers to take the same deal as described below:
“Pan Zhongwang, a 55-year-old steel polisher, is a typical Zhenhua worker. He arrives at 7 a.m. and leaves at 11 p.m., often working seven days a week. He lives in a company dorm and earns about $12 a day.
“It used to be $9 a day, now it’s $12,” he said Wednesday morning, while polishing one of the decks for the new Bay Bridge. “Everything is getting more expensive. They should raise our pay.”
Pray tell John will you be the first to “step in line”?
Joe Biden
August 3rd, 2011
1:10 pm
Atta boy! Thank goodness we passed that Stimulus Bill! Unemployment will NEVER go over 8%! Teehee—reckon all those “shovel-ready” jobs just weren’t “shovel ready”! HAHAHAHAHHA!!!
Point/Counterpoint
August 3rd, 2011
1:12 pm
Joe Biden – “Teehee—reckon all those “shovel-ready” jobs just weren’t “shovel ready”! HAHAHAHAHHA
Teehee-and I reckon that that tax cuts don’t create jobs neither! HAHAHAHAHHA
Joe Biden
August 3rd, 2011
1:19 pm
Teehee-and I reckon that that tax cuts don’t create jobs neither! HAHAHAHAHHA
Unemployment when Bush left office: 7.6%
Today under The Community Organizer: 9.2%
(and AFTER The Stimulus Bill)
Lisa
August 3rd, 2011
1:21 pm
My job is being sent to the Philippines. All while my company just posted a $100+ million dollar profit. I’m not lazy. I’m reliable. I’m dependable. I’m a self-starter. I’m efficient. I don’t need to be micro-managed. I’m an asset. But someone(s) far far away is going to do my job for a lot less money and probably no benefits. So I’m left to look for a job in an economy that has little to no jobs. Heaven forbid I have to stand in line to collect unemployment benefits and everyone wants to label me. But at home I have a family to care for. I pray my husband’s company doesn’t try to follow the steps of the rest of the large US companies who only worry about their bottom line and their share holders.
It’s hard to buy American made when everyone else is making it. Just as it’s hard to find a job when companies rather have someone in another country doing it so they can pay less.
Joe Biden
August 3rd, 2011
1:22 pm
“My job is being sent to the Philippines…”
Hmmm…wonder if the Corporate Tax Rate would have anything to do with that?
Buckhead Boy
August 3rd, 2011
1:23 pm
I can’t recall ever witnessing a tax cut creating a job, but I do remember that fifty years ago when. through our government. we invested in education, science and infrastructure, and didn’t discourage foreign talent from coming to our shores, there were jobs aplenty. I also seem to recall that back then the highest income tax rate was about 85% — compared to 35% now, but only 18% effectively for the top 400 earners — and there was no dearth of wealthy and successful people, and no reluctance to engage in business.
In starting and selling one business, and then starting another, I suppose that I’ve been pretty naive. My only consideration in hiring is demand. Maybe I need to start factoring in all these worries that many seem to have about regulation, government debt and taxes.
Unemployed
August 3rd, 2011
1:25 pm
I got a shovel, and I’m ready to work.
Obama, where’s the job you promised with the stimulus package?
America is waiting for your answer.
Hey, media (including you so-called “conservative” organs who backed this sellout debt-ceiling deal)
August 3rd, 2011
1:29 pm
[...] when that message gains traction as the ascendant media narrative — non-existent spending “cuts” are the cause of a new recession — remember [...]
Hope and Change Blah Blah
August 3rd, 2011
1:37 pm
Lisa….I feel for you and your other coworkers as I know others in your situation at your company losing out to the Philippines. I wish you luck in finding a new job somewhere and all those affected by your company’s choice. Maybe some of those well paid “best part time job” employee’s your company has should be thankful and stop moaning they actually have to work maybe 40 hours a month.
Joe Biden
August 3rd, 2011
1:38 pm
Buckhead Boy
August 3rd, 2011
1:23 pm
Can you explain exactly how Government creates jobs? Where does it get the money? Does it borrow it? Does it actually boost national income, or merely redistribute it? Is the pie any bigger, or just sliced differently?
middleoftheroader
August 3rd, 2011
1:39 pm
The GOP wants government out of everything but our sex lives and religious beliefs. They have claimed for years that deregulation would boost competition; instead industries act in concert to raise prices and fares. They claim enormous tax cuts and incentives will “encourage” the creation of jobs in the U.S., without putting rules into place limiting corporations’ capabilities to move their finances offshore to avoid taxes or move jobs overseas. Junk economics! The countries like China, India and Brazil who are fast becoming the real economic super powers recognize what is necessary to make their economies successful and do it. Throwing around words like socialist or communist is unintelligent and shows how uninformed the vast majority of us bloggers are about what is really going on. Social support programs are in place because industry has screwed the American workers and voters since this country was founded. Let’s cut legislative salaries and benefits. Let’s cut staff. Let’s limit their terms and retirement and prohibit them for going through the revolving door into the industries they serve upon leaving elected office. If it didn’t pay off there wouldn’t be millions spent in PACS and in lobbying. None of the solutions are rocket science and they could be easily implemented. Except our elected representatives don’t want to take the right kinds of action. You really think Cantor or Boehner is any better than Obama or Reid? You didn’t give the Obama administration any time to correct the ills he inherited so how come the Republican Congress has been given a pass? No matter what, it all goes back to racism, no matter how much you tell yourself it’s not. Bush brought us into this mess and was never so disrespected. Nixon was hated and reviled and treated with respect because he was the president. Maybe if we were honest with ourselves we could demand our representatives be honest.
Joe Biden
August 3rd, 2011
1:44 pm
middleoftheroader
August 3rd, 2011
1:39 pm
“…No matter what, it all goes back to racism…..”
ZZZzzzzzzzzz……ZZZZZZzzzzzzzzzz…..ZZZZzzzzzzzzzzz….
middleoftheroader
August 3rd, 2011
1:52 pm
I really don’t get all this garbage about Obama creating more government jobs and regulations and taxes. Where? Just name a real, specific one. Even the tenets of the healthcare bill haven’t been implemented. He has reached across the aisle for everything as his community organizing success led him to believe that our elected officials really wanted to work together for their country. Perhaps he has been naive to believe this. Maybe we should demand empirically authenticated data before screaming sound bites!
Jack
August 3rd, 2011
1:52 pm
It has been pointed out in here and other blogs many, many times and this still holds true: capital goes where it’s welcome and stays where it’s treated well.
middleoftheroader
August 3rd, 2011
1:53 pm
Joe, I know. So obvious it’s a sleeper ZZZzzzzzzzzzzzzzzzzzzzz! Thanks for your concurrence.
Joe Biden
August 3rd, 2011
2:00 pm
“…his community organizing success…”
LMAO!!!! Hilarious!
mechelle
August 3rd, 2011
2:01 pm
Oh God please just start all over again…..maybe the human race will be better with the next try….
Barry Obama
August 3rd, 2011
2:03 pm
Republicans want to starve puppies, take away Social Security from our elderly, and return African-Americans to slavery.
Under an Obama administration, I promise you these things will never happen.
dave
August 3rd, 2011
2:06 pm
Great thinking you idiot. time for another 250k bonus for you and your cronies. What part of the private sector do you feel that your worthless job is comparable to? A convience store worker comes to mind, though their skillsets include cash management, something you know nothing of.
sliderule
August 3rd, 2011
2:07 pm
I must say that I am somewhat encouraged by some of the commentors. Especially those that seem to adhere to MY point of view.
When we throw out the right-wing nut jobs and the semi-literate babblers, most of the responders feel the Congress has totally failed America or that Capitalism, left alone, will overcome our problems. I think only one of these is correct.
Joe Biden
August 3rd, 2011
2:15 pm
“..right-wing nut jobs …”
Ahhh, yes…one of my fellow Dems, showing his higher intellect.
brion
August 3rd, 2011
2:17 pm
It still amazes me a lot of you are fighting like a bunch of brats claiming it the REPUBLICANS or DEMOCRATS fault. Or BUSH OR OBAMA……..please……don’t you all know this just smokescreen for you ignorant clowns…….. Bush 1 created NAFTA, CLINTON signed it….its the govt and WALLSTREET fault. Republicans messed the country up and the DEMOCRATS made it worse. Ross Perot was correct about what would happen when both parties kept screwing us over not to mentioned wiping out social security by taking funds out to balance the budget and give welfare checks to other countries……… It doesn’t matter who is president….Obama, bush, mccain, etc…all are puppets…….its biblical that our world and country is on track for disaster because we have forgotten GOD…evil is good but good is evil, greed, etc…….. I don’t see why you all vote anyway…its a setup every 4 years of bulls$#**….. A politician can say anything but once in the warehouse over half of their promises never come true because of the reality they are exposed to after knowing the govt secrets. So while you clowns bicker over, The REPUBLICANS and DEMOCRATS are just laughing at you all. Why don’t you people see this?.
brion
August 3rd, 2011
2:25 pm
I just wander when these companies will realize that at the rate we are going with jobs overseas that no one over here will be able to buy from them because of unemployment??? Wander how there profits will look then….
sliderule
August 3rd, 2011
2:26 pm
joe b
Sorry, been a Republican all my life. Alway had nut jobs, always will.
Peter
August 3rd, 2011
2:32 pm
This comment sums up about where America is today……
If Bush and the Republicans had actually done what they promised us from 2000-2008(balance the budget, get rid of the debt) you wouldn’t have a Black President and Liberal Congress ruining your life, you would still have a Republican President and Congress…but even Bush screwed that up for you. It isn’t their fault they got elected.
YUP…..who wants the Fox running the hen house ?