Wow.
Good grief!
If this trend continues, we are in deep doo doo.
I know a few business owners who held out until the election. When O one they started cutting their work force. No one, with a brain, in business has ANY confidence in Obama, Pelosi and Reid. Zero zip nada.
Here is another one that is sort of positive. In the 3rd Q in Manhattan - the NY Times circulation went from 750,000 to 500,000!! I read the story three times because I could not believe it. Millions of trees will be saved if the NY Times and other lib papers DIE.
ADP numbers often vary widely from the payrolls number reported by the government that will be released Friday, though 500,000 probably would not be a surprise.
Capital is in flight my Comrades, welcome to the USSA.
Unfortunately, the recessionary spiral of downturn->layoffs->consumer spending drop->downturn has barely begun. That means things are going to get a lot worse before they get better.
Do we know what the public sector did?
And the January layoffs have started. Today, EMC Corporation announced 2,400 (7%) worldwide, with 600 of those in Massachusetts.
Here’s a list of Massachusetts tech layoffs since June:
http://www.xconomy.com/boston/2008/11/13/the-boston-tech-layoff-tracker/
(There are links on that page to layoff trackers for Seattle and San Diego.)
Probably just replacing expensive workers with Mexicans. That will make Mccain happy!!
Over a million jobs in two months.
This is going to be double digit unemployment in no time if it keeps accelerating like this. If things don’t pick up around march-april, like some are predicting, really bad stuff is coming our way.
Does anyone remember what happened July 24th, 2008 and what was said would happen following?
Does anyone know what will happen July 24th, 2009 and what will happen after that?
How many jobs were from bloated Fannie-type institutions?
What would we do without him?
With Hussein's promise of tax hikes, we and most business owners we know are reorganizing.
Sometimes things just don't pass the smell test...whether one is a conspiracy theorist or not.
Looking for a list of this generations version of "robber barons"? START HERE
And yes, they actually DID have "black helicopters" flying overhead. Just ask Maria Bartiromo when she interviewed Soros at a previous Davos get together, she could barely get a word out with all the noise overhead. The security used to protect the global elites was tighter than a Oprah pantsuit at that Davos gathering of crooks.
That's alright.
Obama's gonna change it; Obama's gonna lead us.
He'll "create" 693,000 or more gubbamint jobs.
Yes he can.
Just you wait and see!
its all about the civil servants afterall.....I think we should throw another federal holiday at them just to make them feel more love....../sarcasm/
I have a feeling there’s going to be a lot of levelling with the American people, starting January 21st.
September job losses were revised from 140 k to 402 k.
That’s probably just the 1st monthly revision. Triple in September than the Bush cabinet tried to pass off? It was just a cooked-up number.
We’re looking at a retail collapse, and our economy is 87 % consumer spending driven. That means we have no real economy right now, just ever-expanding government balance sheets.
We need a new economic engine, and the Democrats get to build it. Strange times ahead no matter what your political perspective. We’re entering a world of mass people on government benefits.
Does anyone think 20 % unemployment by the end of the year is out of the question? No retail, no office jobs. Those gigs really just fo things for people in other offices, mostly. It’s a big phony private economy all built on the back of processing retail invoices and turning them into jobs where people sit at desks all day.
What a disaster.
McDole may be the loser, but he inherited the better fiscal plan from Romney;
Pro-Growth Tax Policy
* Keep Tax Rates Low: Entrepreneurs are at the heart of American innovation, growth and prosperity. Entrepreneurs create the ultimate job security — a new, better opportunity if your current job goes away. Entrepreneurs should not be taxed into submission. John McCain will fight the Democrats’ crippling plans for a tax increase in 2011. Left to their devices, Democrats will impose a massive $100 billion tax hike, almost $700 per taxpayer every year.
* Make It Harder To Raise Taxes: John McCain believes it should require a 3/5 majority vote in Congress to raise taxes.
* Cut The Corporate Tax Rate From 35 To 25 Percent. A lower corporate tax rate is essential to U.S. competitiveness. America was once a low-tax business environment, but as our trade partners lowered their rates, America failed to keep pace, leaving us with the second-highest rate among the world’s advanced economies.
* Reward Saving, Investment and Risk-Taking: Low taxes on dividends and capital gains promote saving, channel investment dollars to innovative, high-value uses and not wasteful financial planning. John McCain will keep the current rates on dividends and capital gains and fight anti-growth efforts by Democrats.
* Allow First-Year Deduction, Or “Expensing”, Of Equipment And Technology Investments. Expensing of equipment and technology will provide an immediate boost to capital expenditures and reward investments in cutting-edge technologies.