Job cuts exceed 100,000 for the week (Way to go Obama!)

cnn money ^ | 1/31/2009 | Aaron Smith

[tobyhill]

In a brutal week for the job market, an assortment of companies across various industries announced more than 100,000 job cuts.

The bulk of the job loss news occurred on Monday, when several major U.S. companies announced sweeping job cuts, pushing the day's total to more than 70,000.

"The picture is still pretty glum out there," said David Wyss, chief economist for Standard & Poor's, noting that January is often a bad month for the job market, because companies want to include the reductions in their annual tax returns.

[Brilliant]

Don’t worry. As soon as Obama’s rules requiring everyone to be unionized go into effect, there will be no unemployment.

[farlander]

I guess he’ll have to create 4.1M jobs. So, at 300k per job proposed, we MUST, as soon as possible, increase the Porkulus by an additional 30B.

[bray]

Good news is he has saved 10 million jobs so far or was it 100 million?
Hope never paid the electric bill.

Pray for America, Our Troops and obama’s Guidance from the Lord

[tobyhill]

He had to have save at least 10 million by now. /sarc

[Deo volente]

The stock market also had its worst January ever, with the Dow down 8.8% and the S&P 500 index down 8.6%.

http://finance.yahoo.com/news/Economy-bank-woes-drag-market-rb-14214173.html

What happened to the Obama rally??

[ItsForTheChildren]

Geez. Just give him a sec. He's gonna create 4 million jobs soon. These 100,000 will be out pouring asphalt in no time.

[MissDairyGoodnessVT]

of course,because one way of disabling people in society , the america as we know it is to strip it to bone and make everyone helplessly unemployed -what # of step#’s is that on a community organizer who taught Alinsky’s method?

[bray]

At this rate, w/in a year there will only be 3 million left to save.

Pray for America, Our Troops and obama’s Guidance from the Lord

[tobyhill]

He will create 4 million Government jobs in the newly created Department Of Hole Diggers and Fillers. DOHDAF.
2 million will dig and 2 million will fill.

[gimme1ibertee]

It's Bush's Fault.

[cp124]

Keep trash talking the economy Zero. That is going to help.

[cvq3842]

The business community knows Obama’s policies wil hurt the economy, and decision-makers factor that into their decisions.

[CriticalJ]

Change you can believe in.

Looks like even more change in coming up.

[Prince of Space]

Just found out yesterday that I might be laid off from my hospital job next month. It seems Arizona is practically bankrupt like our neighbor to the west and they're scaling back the budget - Thanks, Janet, for leaving this mess for us to clean up! Not to mention all the indigents we're mandated to treat with no reimbursement.

Naturally, the middle class will pay the price with job losses for us due to the losers who refuse to work and/or get insurance which has helped cause this crisis.

[Cheerio]

It's Bush's Fault.

Make no mistake - this is the theme and it will be on every media outlet 24x7, no matter what the messiah says, or doesn't say, or hints at. Bi-Partisanship my a$$.