Wednesday, July 20, 2011

Riddle me this, Economicsman ...

First, the background:
Nonfarm payroll employment was essentially unchanged in June (+18,000), and the unemployment rate was little changed at 9.2 percent, the U.S. Bureau of Labor Statistics reported today.
And so, the question: how many companies does it take to downsize that job gain to zero? Start here:
After Wall Street closed today, Cisco said that it was going to cut 6,500 workers to get its costs more in line with its revenue streams
And now look here:
Borders’ roughly 400 remaining stores will close, and nearly 11,000 jobs will be lost, according to the company.
And so the answer is two.

And so, we can ask what is the sound of two hands clapping at an Obama Press Conference?  Actually, that's a trick question; nobody knows, because it doesn't happen:


North said...

Excuse my language but holysh!t is that idiot completely f-ing out of touch! He needs to be running the U.S. in some parallel universe, not this one.

Paladin said...

"I'm here 'till 2012... Try the veal."

The House did good passing Cut, Cap, and Balance. Washington is a long way from there, but I'm pretty sure I can see Harry Reid, the Gang of Six, Mitch Mcconnell, and other ne'er-do-wells lurking suspiciously near the back of the car jockeying for position to see who gets to cram their banana up the tailpipe first..

BobG said...

"The problem with most political jokes is that they get elected."
- Will Rogers