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Obama's Layoff Bomb

James2229 Wrote: Oct 31, 2012 8:58 AM
Shaw has laid off a number of 'green' employees here, too. These were jobs entirely funded with ARRA money. How do you like that, more sustainability jobs without the necessary funding to sustain the work. Or to put it right: some of those shovel-ready jobs that prove the reality that if the market does not justify the job the job goes away, no matter how good it might be for reducing the carbon footprint and slowing global warming. Too bad it doesn't stop the Global Warming scammers.
In June, a diffident and self-deluded President Obama claimed that "the private sector is doing fine." Last week, the private sector responded: Speak for yourself, buster. Who needs an "October Surprise" when the business headlines are broadcasting the imminent layoff bomb in neon lights?

The Bureau of Labor Statistics reported last Tuesday that employers issued 1,316 "mass layoff actions" (affecting 50 workers or more) in September; more than 122,000 workers were affected overall. USA Today financial reporter Matt Krantz wrote that "(m)uch of the recent layoff activity is connected to what's been the slowest period of earnings growth since the third quarter...

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