This unfortunately doesn't even begin to keep up with the cuts, from GM (30,000) and Ford (30,000) and Northrup-Grumman (2,300)...
>> ...and only 11,000 are in manufacturing.
This unfortunately doesn't even begin to keep up with the cuts, from GM (30,000) and Ford (30,000) and Northrup-Grumman (2,300)... <<
Roberts displays his ignorance. Don't join him.
Please correct me if necessary, but the ACTUAL job gains in manufacturing occurred in November, right? Those already took place.
In contrast, the GM, Ford, Northrup situations are ANNOUNCED cuts that have yet to happen and MIGHT occur over a period of months of even years. right?
It doesn't matter how lengthy is the economics background of Roberts. He has an anti-America agenda and has been a Chicken Little about the U.S. economy for at least four or five years.
Roberts has been predicting a collapse of the U.S. economy since 2001 and has been wrong at every turn. Roberts is a Bush-hating, Bush-bashing John LeBoutillier of economics -- and wrong just as often, which is almost all the time.
Even worse, he committed a classic error, accidentally or on purpose: Roberts mixed apples and oranges. He tried to compare job gains that have already happened to job losses that are announced and will not occur all in one month.
Plus, the job cuts announced by the three companies, while they are manufacturing companies, will probably not 100 percent consist of manufacturing jobs. There will probably be a number of office jobs involved as well. So there is another flaw in attempting to compare the two events.
Roberts is misguided. He doesn't need lemmings to plunge off the cliff with him.
-George