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With Companies Still Gloomy, Payrolls Shrink by Thousands
The New York Times ^ | January 11, 2003 | DANIEL ALTMAN

Posted on 01/10/2003 11:38:31 PM PST by sarcasm

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To: sarcasm
Declines like this? Bankruptcy in Utah Hits a New High..

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That's part of it and you haven't seen anything yet.

21 posted on 01/11/2003 2:44:39 AM PST by RLK
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To: Stallone
bump!
22 posted on 01/11/2003 3:44:08 AM PST by Leisler
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To: RLK
"Look forward to a declining standard of living for a huge segment of the American population."

Really? Good. About 25% of the people I see should be sucking on pebbles to fight hunger pains. There are so many fat, stupid, lazy paper shuffling, "How do I do an e-mail attachment of my dogs picture?" oxygen thieve that believe their employer owes them a total stress free, Zen state, self- esteem fulfillment experience

Furthermore, none of these types learn anything. Poor me, I got the boot. So, they stumble around for a year and then some desperate sap hires them. You know what they talk about the first six months? How poor them, they shuffled without work and had to cut down on delivery of fatty Chinese chicken wings and couldn’t take little 180 lbs, 10 year old Timmy to Disney and he had to play Nintendo in the house all summer.

The horror, the horror of life in America.

23 posted on 01/11/2003 3:58:30 AM PST by Leisler
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To: Leisler
There are so many fat, stupid, lazy paper shuffling, "How do I do an e-mail attachment of my dogs picture?" oxygen thieve that believe their employer owes them a total stress free, Zen state, self- esteem fulfillment experience

LOL........so true!

24 posted on 01/11/2003 4:23:25 AM PST by Tripleplay
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To: RLK
The Bushs will be the destruction of this country while anyone who sees it is called an Owlgore supporter

If there are no real solutions until the situation is extreme, and affecting everyone, those solutions will be extreme. Close the border with Mexico. Jail and fine employers who knowingly hire illegals, or lie about the need for H1B Visa employees. Rescind permission for legals to be here if their jobs can be filled by qualified US citizens. Cut down on the size of the government and connect that with lower taxes.

The GWB seems to be buying the theory that a less-taxed corporate/rich US will improve the situation. They'll just send jobs overseas to increase their bottom line to increase dividends for their large stockholders (middle class, yuh, sure). Instead, it's new businesses that should get breaks. The history of US economic growth is innovation. Too many of todays potential innovators are waiting tables to survive. Look at history. Any civilization that flourished had a large segment of people who had the health, food, education, and time to innovate.

25 posted on 01/11/2003 4:43:30 AM PST by grania
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To: Leisler
Yep. You just described most of the people I know and work with.
26 posted on 01/11/2003 4:47:28 AM PST by Jhensy
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To: Leisler
There are so many fat, stupid, lazy paper shuffling, "How do I do an e-mail attachment of my dogs picture?"

Unfortunately, they're running the economy and the government.

Seriously, for everyone in that catetory there is some college graduate over the past few years who can't get a good job in his/her field, or pay off those loans. There are retirees living on a fixed income who see their CD interest rates down at least 50% when renewal comes up (from 6% to 4%, if they're lucky). There are decent family people with young kids and mortgages who are seeing jobs dry up.

There are lazy people, of course. There are people doing very well, of course. But, there are also a lot of decent people who see their way of life and economic security evaporating. And, many are able to see that as we lose our sovereignty and independence, the spiral is downward.

27 posted on 01/11/2003 4:54:35 AM PST by grania
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To: grania
"Seriously, for everyone in that catetory there is some college graduate over the past few years who can't get a good job in his/her field, or pay off those loans."

Half of the graduates have degrees in useless( save to give professors jobs ) degrees. Furthermore, many have been, more or less, hanging out at the equivilent of high schools avoiding the real world. Alot stay with these attitudes their entire life.

" ...There are retirees living on a fixed income..."

And why and who is responsible for this? If you are not working, or don't have your money out on the street taking risks, why should your income be anything but fixed?

".. who see their CD interest rates down at least 50% when renewal comes up (from 6% to 4%, if they're lucky)..."

Non to low or no risk investments are almost always returned at or near the inflation rate. No risk, no profit.

".. There are decent family people with young kids and mortgages who are seeing jobs dry up."

Move to the jobs. Even the origional Indians were moving. Our whole nation was founded upon movement. The WW II " Job for life " economy has been dead for over twenty years, save standing around in a town, county or government offices.

28 posted on 01/11/2003 5:09:58 AM PST by Leisler
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To: RLK
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.

The article said MILLIONS, NOT "hundreds of thousands".

I can see why the democrats want unemployments, since they were able to capitalize on it for decades after the Great Depression. They also want lots of immigrants coming in who vote democrat.

Lots of unemployment and lots of new immigrants will help the democrats win the next election, much more so than it helped clinton win in 1992.

Why any republican would want americans out of work, and tens of millions of immigrants coming in to take whatever remaining jobs, is soemthing new, and a puzzle. Traditionally, republicans used to be good for the economy, and for creating american jobs for americans.

Long term, Bush's policy of trying to give citizenship to illegals, to keep the flood of legal immigrants coming in at a steady high rate, and to keep letting in millions in from the H1-B visa program which prevents American engineers and American computer people from getting jobs, is disastrous.

Unless the economy turns around THIS year, Bush will be a one term president like his father. It is the economy stupid. No one cares about the minor things when they are not employed, or if they see friends and relatives unemployed.

29 posted on 01/11/2003 5:36:31 AM PST by waterstraat
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Comment #30 Removed by Moderator

To: rabidone
I agree with an earlier post about how we have mismatched job skills to job needs. In S. Carolina, it can be difficult to find a plumber, electrician, carpenter, or even auto mechanic that knows what they are doing. Yet we have hordes of English majors and Psych majors looking for nice, clean, dignified office work. The immigrants are swarming into the grass cutting and low labor jobs, but it wont be long before they are in the trades. Working with your hands has been symbolized as a degrading occupation in America. That has to change.
31 posted on 01/11/2003 5:49:31 AM PST by doosee
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To: grania
. Close the border with Mexico. Jail and fine employers who knowingly hire illegals, or lie about the need for H1B Visa employees. Rescind permission for legals to be here if their jobs can be filled by qualified US citizens

You make a lot of good points. Temporarily ending the H1-B program would cut the unemployment numbers by over one million and put all of our technical americans back to work. The other jobs that the foreign wives and their relatives of the million H1-B visa people also have, would also be available for more americans. Deporting 10 million illegals would create a huge demand for jobs in America(the tens of thousands of layoffs from restaurants and bar as mentioned in the article, would be more than overshadowed by the number of jobs opening up for Americans.

Bush would win re-election in a landslide, and the republican party would control the elections for decades(like Roosevelt did) by employing Americans and putting them back to work.

There was a time when we needed record immigration, back when our country was empty, when the homestead acts created a huge demand for new families moving here, when the west was undeveloped and unpopulated, when anyone who wanted to work could find work, etc.

To let in record number of immigrants at a time when skilled americans cannot find work, or when our cities, and highways are clogged with too many people, is crazy(except for the democrats).

32 posted on 01/11/2003 5:59:44 AM PST by waterstraat
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To: sarcasm
I fount this snippet interesting: Job creation rate is worst since '50s http://www.chron.com/cs/CDA/story.hts/business/1732257

"payrolls unexpectedly fell by 101,000 in December and the unemployment rate stayed at 6 percent, capping the worst two years for job creation since the Eisenhower administration in the 1950s."

" Factories slashed 65,000 jobs, prompting the industry to declare that continued losses have "reached crisis proportions," said Jerry Jasinowski, president of the National Association of Manufacturers."

" The total of unemployed workers rose to 8.6 million in December, up 82,000 from November, and 381,000 since October. The number of unemployed for at least 15 weeks climbed to 3.2 million, up 815,000 over the year."

" Manufacturers continued to contract, too, shedding 65,000 jobs in December. The sector lost 592,000 jobs last year and 2.4 million since April 1998."

The votes of 8.6 million unemployed Americans can change the outcome of a lot of future elections.

33 posted on 01/11/2003 6:06:46 AM PST by waterstraat
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To: Leisler
Me: " ...There are retirees living on a fixed income..."

You: And why and who is responsible for this? If you are not working, or don't have your money out on the street taking risks, why should your income be anything but fixed

RETIREES.

34 posted on 01/11/2003 6:12:09 AM PST by grania
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To: sarcasm
"All the jobs that have been lost in the United States in manufacturing have essentially been recreated in China," Mr. Wolfe said.

THAT is the essence of the President Bush’s economic policy: follow the wishes of the NAFTA - GATT –WTO. Americans will have the following employment choices:
1) hamburger flippers
2) selling insurance and real estate to each other, or
3) getting a lucrative Govt. job.

35 posted on 01/11/2003 6:13:04 AM PST by bimbo
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To: waterstraat
payrolls unexpectedly fell by 101,000 in December and the unemployment rate stayed at 6 percent, capping the worst two years for job creation since the Eisenhower administration in the 1950s."

If Eisenhower and the republicans did not have so many out of work americans in the late 1950's, we could have avoided the Kennedy-Johnson-Vietnam-1968-gun-control-rioting periods of the 1960's.

The recession of 1974-75 gave us the Carter years.

"It is the economy, stupid" made Bush senior a one term president and gave us the clinton years.

36 posted on 01/11/2003 6:16:37 AM PST by waterstraat
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To: bimbo
THAT is the essence of the President Bush’s economic policy: follow the wishes of the NAFTA - GATT –WTO. Americans will have the following employment choices: 1) hamburger flippers 2) selling insurance and real estate to each other, or 3) getting a lucrative Govt. job.

Where I live, even those jobs are increasingly being taken over by foreigners. New government workers, and all the McDonalds are now mostly asian and arab. Most of the employees at McDonalds do not speak english very well and cant count change very well either. All the gas stations by me are now owned by arab immigrants, who do not hire americans even for a cashier job.

37 posted on 01/11/2003 6:20:05 AM PST by waterstraat
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To: Stallone
Lead-type print setters, coal miners, vinyl record producers and 8-track stereo manufacturers all have a friend in the Democratic economic plan.

Oh come on, why shouldn't we continue to make the same products everyone else in the world is making for much lower prices? Hey it's great when unions make prices for goods more expensive! And we all understand the brilliant economics behind continuing to create excess inventory instead of investing that capital into research and development to create novel products and services and improving productivity.

38 posted on 01/11/2003 6:20:08 AM PST by garbanzo
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To: Stallone
Creative destruction is the heart of the American market-based economy.

You must be one who is doing the “creative destruction.” Many others like myself, however, are the ones being “creatively destroyed.” How nice that we have such a diverse “market-based economy.”

39 posted on 01/11/2003 6:24:43 AM PST by bimbo
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To: sarcasm
Think that they'll be emigrating to China - their economic Mecca?

The had better think twice … it is probably illegal for a Chinese Corporation to employ a foreigner – except as a spy.

40 posted on 01/11/2003 6:27:50 AM PST by bimbo
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