White House Warns: "Severe Job Cuts"

[Deja Q]

http://www.huffingtonpost.com/2009/04/03/white-house-warns-severe_n_182718.html

President Barack Obama says a new report on unemployment in the United States is a "stark reminder" of the global challenges created by the economic crisis.

Obama spoke about the U.S. jobless picture from Baden-Baden, Germany, where he met Friday with German Chancellor Angela Merkel (AHN'-geh-lah MEHR'-kuhl) ahead of a NATO conference in the German resort town.

Speaking about the sliding economy and the loss of jobs in the U.S., Obama said no nation can isolate itself from the global market. He said that without concerted and united global action, there will be "collective failure."

Article has more.

[midnight]

1. No more bailouts for unproductive businesses that waste

and destroy.

[leftstreet]

2. But the Banksters are gonna loan us all a bunch of money

so it'll be cool

:crazy:

[leftofthedial]

3. Whew! Thanks for the heads up Barack!

I'll be on the look out now.

[Egnever]

4. Nice to know even huff post is in on the madness

No where in that article is the white house or obama quoted as warning of anything of the sort. Everything in that article is reactions to the latest jobs report.

But hey its way more fun to imply the white house is laying people off isnt it?

[Deja Q]

6. Interesting reply; and MUCH appreciated.

And it is huff'n'puff post...

[Myrina]

5. ... um, like the ones that've been happening AREN'T severe?

:shrug: :wtf:

[underpants]

7. Baby boomers are retiring

the bulge in lots of organizations are being cut down. In addition to the fact that the Boomers aren't buying "Stuff" like they used to (because they have most of it that they need) the cut down of the bulge means that there is less income to be spent and to be taxed.

[DavidDvorkin]

8. Baby Boomers would LIKE to retire

They're finding that they have to keep working, however. Which makes it that much harder for younger workers to find jobs.

[underpants]

9. Their earning stream is reduced

it is always a cycle, right now it is a bad cycle

[pacalo]

10. The article has no mention of "severe job cuts".

[bvar22]

11. Quick. Give another $Trillion to the Wall Street Bankers.

That worked so good the first time.

How about a $500 Billion Contract to the US AutoMakers to retool and build a state of the art Mass Rail Transit System using only American Products?
The US desperately needs it,
AND taxpayers would have something to show for their money.

[leftstreet]

12. Did you know $1 trillion is one thousand billion?

You probably did.

I just heard that in the Moyers/Black interview and for some reason it made me shudder.

:hi:

Agree! How about a few lousy billion to the automakers!