Trickle down economics at it's finest

[Horse with no Name]

First of all, Exxon posts record profits

http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=389x2802185

But the REAL story is that payrolls have dropped the first time since 2003.

http://news.yahoo.com/s/ap/20080201/ap_on_bi_go_ec_fi/economy
WASHINGTON - Nervous employers cut 17,000 jobs in January — the first such reduction in more than four years and a fresh trouble sign that the economy is in danger of stalling.

The Labor Department's report, released Friday, also showed that the unemployment rate dipped slightly to 4.9 percent, from 5 percent, as the civilian labor force shrank slightly.

Job losses were widespread. Manufacturers, construction firms and a variety of professional and business services eliminated jobs in January — reflecting the toll of the housing and credit debacles. The government cut jobs, too. All those cuts swamped job gains in education, health care, retailing and elsewhere.

Wage growth also slowed, another indication that employers are tightening their belts amid the economic slowdown.

[lonestarnot]

1. Layoffs are coming down the pike hard and fast.

Oh and it's good to see you Horse. :hug:

over at LBN http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=102x3165040

[Horse with no Name]

3. Good to see you too my friend

:hug:
Yesterday, Home Depot announced 500 job cuts, JC Penney announced 200, Yahoo is cutting loose 14,000, Wyeth cutting 8000 jobs, Ford Motor Company is cutting an indeterminate number, Sprint will cut 4000, Morgan Stanley cutting 1140, Novartis 2500 jobs lost, Construction job losses could reach 1 million, and on and on.
Google "job losses" and find out that the US is HEMORRHAGING jobs--yet nobody is really reporting that.

[lonestarnot]

4. Maybe this will shake people out of the trees? No?

[Horse with no Name]

5. Doubtful because nobody can put 2 and 2 together

:(

[Lasher]

2. Tax cuts pay for themselves.

Even the idiot Larry Kudlow has stopped making that claim.