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Bloody Monday (68,000 jobs lost today)

Discussion in 'Political Discussion' started by Holy Diver, Jan 26, 2009.

  1. Holy Diver

    Holy Diver Rookie

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    #80 Jersey

    Bloody Monday job tally: More than 68,000 jobs lost - Jan. 26, 2009

    NEW YORK (CNNMoney.com) -- The final week of January began with a bloodbath for the job market, as over 68,000 more cuts were announced on Monday alone.

    At least six companies from manufacturing and service industries announced cost-cutting initiatives that included slashing thousands of jobs.

    More than 200,000 job cuts have been announced so far this year, according to company reports. Nearly 2.6 million jobs were lost over 2008, the highest yearly job-loss total since 1945.

    ==================================================================
  2. DarrylS

    DarrylS PatsFans.com Supporter PatsFans.com Supporter

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    That is a lot of jobs, wonder if there is a breakdown.. i.e. blue collar, skilled labor, mgmt. etc..
  3. Lifer

    Lifer Banned

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    Its all Obama's fault!!!!!!!!!!!!
  4. maverick4

    maverick4 Banned

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    Dow 6000


    ........
  5. Fogbuster

    Fogbuster Rookie

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    .


    Bush is gone; the new guy owns it.

    Tell him to ask Barney Frank how to solve it.

    Get a loan from Fannie and Freddie??? Citi??? Merrill-Lynch???


    //
  6. MrBigglesWorth

    MrBigglesWorth Rookie

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    any day the bailout money will kick in
  7. DarrylS

    DarrylS PatsFans.com Supporter PatsFans.com Supporter

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    Not sure your meaning here, Dow closed @ 8116
  8. Lifer

    Lifer Banned

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    its all Israel's fault.
  9. PatriotsReign

    PatriotsReign On the Roster

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    I think he means "coming soon to a theater near you"...and he may very well be right.
  10. Holy Diver

    Holy Diver Rookie

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    #80 Jersey

    there is a breakdown of the jobs lost this year alone on that link....


    worst thing to see is the last one:


    WWE (World Wrestling Entertainment) 60 lay-offs
  11. Michael

    Michael Moderator Staff Member PatsFans.com Supporter

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    #12 Jersey

    The best part of the article "It's all about the consumer, and the consumer's been hit hard," said Robert Brusca, chief economist at Fact and Opinion Economics. "It's a vicious circle as weakness begets layoffs, which beget more spending weakness." And yet idiot Dems want to raise taxes and put up tolls. :rolleyes: They'll never get it.
    Last edited: Jan 26, 2009
  12. Holy Diver

    Holy Diver Rookie

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    MIchael,

    This is long beyond the DEMS Vs. PUBES dumbassed debate. This is a problem with our credit-happy give it to me now Veruca Salt society. We have been living beyond our means for quite sometime. There is more of a philosophical blame to shoot at than to blame future spending by an administration. I'd say Supply Economics has had a greater impact on our current situation than.....future taxes, and tolls.....come on?

    Paul Krugman and Peter Schiff both agree that the proposed package needs to be about 2 times as LARGE as it currently stands to have any lasting effect. I'd tend to trust that vision, over bullshizzz talking points backed up with ZERO data.

    enough.
  13. Michael

    Michael Moderator Staff Member PatsFans.com Supporter

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    #12 Jersey

    One of the first posts I made in this forum was on how people live beyond their means. But, as the article points out it's a dog chasing it's tail. People don't have money, they don't spend, more get laid off. So a good way to break the cycle is to not tax/poll/levy more taxes on people. And give more tax breaks to small businesses.
  14. Real World

    Real World Moderator Staff Member

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    If the DOW ever hit 6,000 (which is a growing possibility), I'll be dumping every penny I can muster into it, and looking to double up in 2 years time. Unless of course, the gubmit goes Keneysian, and totally fukcs everything up. Still, DOW 6,000 means I'm buying. Afterall, it can only rebound from there, and if it doesn't, it means two things have happened. #1, society has totally collapsed, and #2, see #1, as paper money will be worthless anyhow.
  15. Real World

    Real World Moderator Staff Member

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    I think putting money in people's pockets is better than asking people to pony up more.
  16. Run DMC

    Run DMC Rookie

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    #24 Jersey

    I am buying at 6000. It is coming. 100% certainty.
  17. MrBigglesWorth

    MrBigglesWorth Rookie

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    or they did what they did in myanmar and switched to another form of currency?

    aside, I agree with you. It's like your 401k, go down with the ship. it makes no sense to bail now, either it rebounds or the ship is sunk
  18. MrBigglesWorth

    MrBigglesWorth Rookie

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    they should just give larger stumulus checks to people or better yet slash mortgage interest rates in half and let people keep more of their money to spend
  19. MrBigglesWorth

    MrBigglesWorth Rookie

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    whats does last effects mean? prolong the bubble that was artificial in the first place?

    the corporations need to be held accountable and we need to actually produce something in our country instead of being outsourced and the corporations raking in the profits.
  20. Real World

    Real World Moderator Staff Member

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    Interest rates are anemic already. The fed has used that trick for far too long now. Rates should be no lower than 7%, and no higher than 9% IMO. It's the manipulation of rates, and the feds failure to raise them properly in the last 15+ years, that has us in the poop, with only our fingers available to dig ourselves out.

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