Originally posted by 2000GreenTour:
"CHARLOTTE, N.C. - Bank of America Corp., newly merged with FleetBoston Financial Corp., said Monday it will cut 12,500 jobs _ or nearly 7 percent of its work force _ over the next two years."

Here is another one for the "happy days are here again" crowd. How many more mergers decided by the 'fat cat golfing buddies' will there be before all the "little people" are slinging Chicken Nuggets.

This recession isn't over till it's over!



Here is yet another example of what liberals will hammer the president on..

A merger...combining companies to become more efficient. Yes people get laid off, but is this the governments fault?? shall they block mergers? Shall they require that no one be laid off if no merger? You do understand that a more efficient company is at an advantage (and the converse true as well ) in a world marketplace. Buisinesses exist to make money. PERIOD. If they could have free robots do all the work (and they may) they would employ NOBODY. Do you want the government to FORCE companies to employ you. "Here Mr. junior CEO man, have a seat and ahhhh..watch the robot until 5 o'clock then punch out"

Nobody has mentioned the HUGE increases in productivity over the last few years = more work done with less workers. Due to technology, or merger, or just hard work Americans productivity is increasing and GNP is increasing as well. No mention of skyrocketting diasbility/workers comp claims, heathcare insurance that companies must soak up = less ability to afford workers. The corporate fraud and collapse brewing for a decade that collapse (Tyco, Enron, WorldCom) = many unemployed that also lose pensions. The tech bubble collapse, the WTC collapse. None of this is the President's fault...yet this is being HELD AGINST the President...its insane!

Yes, people are out of work. Clear evidence suggest that the trend is reversing, that unemployment is slowly declining. But keep in mind that we entered recession before Bush, and with all the above factors I mentioned and more, think it is REMARKABLE that we are doing as well as we are with 5.7% unemployed. Unemployment worldwide is striking 10-20% + in most of Europe, Canada. But frankly, many here give way to much credit (good or bad) to the government for the job market..its just "work" supply and demand folks.

Finally, we as American's need to recognise that the world is changing FAST. That we need to be able to adapt, and not plan on one job from 18-65 like are fathers, grandfathers. To adapt requires education, lifelong learning skills, some guts. We lag behind and have for some years...many countries are WAY ahead by highschool in math, science, while we enjoy the latest in "Political Correctness 101 theory" and "Revisionist History 102". American's need to start taking more personal responsibility for there education/training and be prepared to change careers several times. Either that or blame the government for not educating you, not handling you a CEO job, not proving cradle to grave benefits. I am sorry for any here who are really trying to find a job with not luck. But you are fooling yourself if you think another administration will do you any real favors here..

Last edited by Dan Nixon; 04/07/04 12:07 AM.
1999 Amazon Green SVT Contour (#554/2760) "People demand freedom of speech as a compensation for the freedom of thought which they seldom use." -Soren Kierkegaard (as posted by Jato)