With Companies Still Gloomy, Payrolls Shrink by Thousands

The New York Times ^ | January 11, 2003 | DANIEL ALTMAN

[sarcasm]

Manufacturers of long-lasting goods made more heavy cuts last month, with 46,000 positions eliminated. Even if the economy returns to strong growth, those jobs may not return. "All the jobs that have been lost in the United States in manufacturing have essentially been recreated in China," Mr. Wolfe said.

[Mo1]

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[RLK]

Payrolls in nonfarm businesses, adjusted to account for normal seasonal variations, dropped by 101,000. — what C.E.O.'s would complain of as a lack of visibility — that they don't have a clear mental model of how things might move forward," said Bill Martin, chief economist at UBS Global Asset Management. "The issue has not been the cost of capital," he said. "The issue has been demand for the products and the services." Manufacturers of long-lasting goods made more heavy cuts last month, with 46,000 positions eliminated. Even if the economy returns to strong growth, those jobs may not return. "All the jobs that have been lost in the United States in manufacturing have essentially been recreated in China," Mr. Wolfe said.

-------------------------------------------

"The issue has not been the cost of capital," he said. "The issue has been demand for the products and the services."

The idea that when hundreds of thousands of people are put out of work they are no longer a market for goods and services has been declared obsolete in modern euphoric Christian globalist thinking occupying the White House. Jimmy Carter is now back in the White House with a new name.

Don't worry. There is an ultimate plan behind this that only Bush and his idolizers can see will be the salvation of the world. You need "a clear mental model" to understand that this nation is not being destroyed. The psychiatric term for clear mental model is blind delusion.

The Bushs will be the destruction of this country while anyone who sees it is called an Owlgore supporter.

[sarcasm]

We're in a lot more trouble than they will admit - until it strikes them.

[RLK]

Here's what is apt to happen. If this present idiot in the White House manages to deep-six the economy the Democrats will put up a farther left candidate who will win. The turnout will be lousey because the choice presented to the American people will be between death by lethal injection (Bush) and death by hanging (Democrat). When the Democrats win the Republicans will decide it is because they were not far enough left to take votes from the Democrats and the Republicans will run Trotsky for president the next election.

The only way out of this senario is if Bush is still in a crisis and war environment. If such an evironment does not exist it will be a repeat of the Bush senior fiasco and the suckers can still somehow blame Ross Perot.

[Demosthenes]

I think you're wrong, and I think you have other motivations for saying what you just said. Clinton already did so much damage to this country we will be years recovering. The economy is already picking up, and you are a fool if you think otherwise.

I can say that because I work for a billion-dollar a year national retail chain, whose profits were posted this morning, up double digits over last year, and they've been climbing steadily for nine months, SLOWLY, but steadily.

Further, my parents own a company that supplies temp workers exclusively to factories and manufacturing businesses, and their business, which was hit terribly by this downturn in the economy, just had a boom month. Usually, December is the worst month of the year for them, and has been for twnety years. This past December was their best month in two years, and their graph has also been climbing steadily for about 8 months.

I don't care if you support Gore or not. You obviously hate Bush, and that has tainted your words such that you can not be percieved as being a reasonably clear thinker at this point. Try anger management.

[RLK]

I don't care if you support Gore or not. You obviously hate Bush...

---------------------------

You're ritght. I do hate Bush. He's a disgrace to the presidency. If one combines Jimmy Carter wit Bill Clinton then subtracts Monica Lewinsky and Paula Jones, then further subtracts 50 points in IQ, the result is George Bush. I have no use for him.

[sarcasm]

I fount this snippet interesting:

Job creation rate is worst since '50s

The only bright spot was that the unemployment rate was unchanged. But even that is misleading because it excludes 191,000 jobless people who simply stopped looking for work and therefore are not counted by the government. They would have added another half-percent to the unemployment rate, economists said. The previous month, 390,000 people were excluded from the count.

[Demosthenes]

LOL, 50 IQ points, OMG, it hurts to laugh this hard...no action over at DU tonight? You must be bored....

[RLK]

The American peole are being stuck like a hog in this. There ar kooks for Democrats, idiots for Republicans, numbers being juggled everywhere, and the leftist media in control of interpretation and declaring frontrunners and leadership.

[Stallone]

Absolutely moronic.

Creative destruction is the heart of the American market-based economy.

Excess resources must be purged, and quickly, to remain competitive.

Unlike the Japanese corporate welfare solution which rewards inefficiency, the American economy will remain robust and surpass all others by warding off the Socialists at all costs.

Lead-type print setters, coal miners, vinyl record producers and 8-track stereo manufacturers all have a friend in the Democratic economic plan.

Such stupidity can only come from a government employee.

[RLK]

Creative destruction is the heart of the American market-based economy.

--------------------

My suspicion is that the low IQ clowns who espouse this philosophy are just misanthropes who like destruction whether it's creative or not.

[sarcasm]

Look forward to a declining standard of living for a huge segment of the American population.

[RLK]

Look forward to a declining standard of living for a huge segment of the American population.

-------------------------

But don't look for a decline in the life style of the people engineering that decline.

[Travis McGee]

Don't look for linear projections. Look for cliffs and tsunamis.

[sarcasm]

Think that they'll be emigrating to China - their economic Mecca?

[RLK]

I suspect what will happen is we will see an exponential downward rate of decline.

[Travis McGee]

It could be similar to the decceleration experienced by a Yugo hitting a bridge abuttment at 100mph if our enemies let loose 100# of anthrax in a clever way. Or if one of the other bugs bite us. The list is so long, and our leaders' imaginations are so small.

[sarcasm]

Declines like this?

Bankruptcy in Utah Hits a New High

[RLK]

if our enemies let loose 100# of anthrax in a clever way.

-------------------------

That's a problem, but the worst threat to this nation if from within. Groups such as the Bushs, Clintons, and Kennedys are doing worse damage to this country than several nuclear bombs. They are destroying the economy, the faith and respect for the justice system, the culture, better than outside forces could have hoped to do a few years ago.