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Obama's Layoff Bomb

Steve1650 Wrote: Nov 01, 2012 11:26 PM
Actually, Walsh and his ex released a joint statement saying "We now agree that Joe is not and was not a ‘deadbeat dad’ and does not owe child support.”
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...