thats a strong pull in the last 5 months
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quote:Originally posted by Opie Cunningham:
What I like about this period of growth is that the DJIA doesn't swing wildly, unlike the Bush nightmare, when any given day the swing could be 300 points. Slow and steady, stable wins the race.
Kudos to Obama for leading this out of this economic meltdown.
As far as jobs, companies have refined and learned to do more with less. It was a necessary adjustment.
quote:Originally posted by beternU:quote:Originally posted by Opie Cunningham:
What I like about this period of growth is that the DJIA doesn't swing wildly, unlike the Bush nightmare, when any given day the swing could be 300 points. Slow and steady, stable wins the race.
Kudos to Obama for leading this out of this economic meltdown.
As far as jobs, companies have refined and learned to do more with less. It was a necessary adjustment.
Companies have done several things that do not benefit domestic employment. They have achieved greater efficiencies through automation, whereby machines do work formerly done by people. They have shipped jobs overseas, thus maintaining their global workforce numbers but displacing jobs in this country. And they have required employees to work overtime routinely, thus reducing the number of workers and concurrently reducing the cost of benefits. A 60-hour per week employee's health insurance costs the employer the same as the insurance for a 40-hour employee. The reduced overall costs in benefits typically outweigh the extra per hour labor costs for the overtime.
Thus, the fat-cat moguls of industry continue to prosper and the stocks of their companies continue to rise and the prospect for re-employment of the laid-off domestic workers continue to look pretty bleak.
quote:Kudos to Obama for leading this out of this economic meltdown.
quote:Originally posted by Winston Niles Rumfoord:quote:Kudos to Obama for leading this out of this economic meltdown.
Hey, Ope, save the kudos until it happens.
Saying it is doesn't make it so.
That's about all Obama is capable of.
quote:Originally posted by Opie Cunningham:
What I like about this period of growth is that the DJIA doesn't swing wildly, unlike the Bush nightmare, when any given day the swing could be 300 points. Slow and steady, stable wins the race.
Kudos to Obama for leading this out of this economic meltdown.
As far as jobs, companies have refined and learned to do more with less. It was a necessary adjustment.