Obama warns more job losses coming

Discussion in 'Wall St. News' started by TraderZones, Nov 2, 2009.

  1. trendy

    trendy

    Obama is like an ancient mariner lauding the fact that the crew bailed 650K gallons of water out of the leaky boat, while ignoring the 2.5MM gallons of new water that entered the boat. The boat is still sinking.
     
    #11     Nov 2, 2009
  2. We are moving into a new "Financial World", no pun intended.

    The shift of power, on all fronts, is heading over to the Asian Tigers.

    Out-sourcing is now going to be the norm, even more than before. Companies will do with less employed and put up decent numbers.

    manufacturing is heading overseas for the most part. Those who stay in the US will run "Lights out" manufacture floors to the full extent... (Google the term).

    The service economy is downsizing and the Financial jobs will not come back.

    A jobless recovery in a sense. I believe unemployment will stay up around 10% for years.

    We are not going back to the old economic trends. Game over.
    However, new jobs and industries will be created. We will have a power house move in the Technology field, Energy Field and even Medical...regardless of the "BILL" that will not be passed this year.
     
    #12     Nov 2, 2009
  3. Ya'll are missing the true reason for his change of tone. Just think about it, let your mind go. What could possibly have changed him?


    He's been so busy making sure that the public was getting their KOOL-AIDE, that he forgot to restock his own supply. I bet the WH staff caught hell for that !!!!!!!!! :D
     
    #13     Nov 2, 2009