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alstry (36.27)

If We Keep Cutting....There Will Be NOTHING Left To Cut!!!!!!

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July 10, 2009 – Comments (2)

NEW YORK (Reuters) - Cisco Systems Inc is in the process of cutting between 1,500 and 2,000 jobs. according to an report from Thomas Weisel analyst Hasan Imam.

California's fiscal woes are in sharp focus again today, as state offices close on the first of three "Furlough Fridays" this month, idling tens of thousands of state workers...(SacBee)

Fox 11 will lay off about one quarter of the news staff...(LA Times)

 

 AIG, which received $180B in bailouts, asks White House to OK millions in bonuses??????????

 

Are you guys seeing a pattern yet??????????????????????????

 

2 Comments – Post Your Own

#1) On July 10, 2009 at 9:45 AM, dickseacup (66.80) wrote:

Technically, even if they cut 50% every time they will never reach zero. ;)

The plan has been clear since the first stimulus package last fall, when $700 billion (or $7,000 million) was transferred from the productive class to the financial elite.

My own Congressman (R) told me that he had studied the situation in detail and he absolutely had to vote for the $700B bailout in order to prevent a recession; it was our only hope. I just received a form-email from him this week railing against the Democrats for their fiscal mismanagement. I laughed.

The question is will the every-man realize that he, his children and his childrens' children have been robbed and rise up to do something about it? Or, will the every-man continue to watch the TeeVee and work himself up into a lather over the foibles of the latest idol he has been given to worship?

As long as the electricity stays on and the TeeVee keeps telling the every-man what to do, think and feel, the perpetrators of this massive fraud have nothing to worry about. 

And they know it.

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#2) On July 10, 2009 at 10:10 AM, russiangambit (29.36) wrote:

That how they get those "better than expected" earnings these days. Alcoa, for example. The pressure is on the management is to beat the numbers and the only way they can do it right now is to cut cost, never mind that they are killing future growth by doing that. A lot of people are left disillionsed and bitter and while it is to be expected result of the " very flexible labor force"  situation in the US, I am wondering how much of a boon it really is. I don't like European seniority system either, but cutting top performers just to meet earnings is wrong and will cost more when they try to hire these same people back. I am pretty sure that at this point all the unproductive workers are already cut .

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