Payrolls slashed again

"We've cut a $3 trillion hole in the budget for the next three years for tax cuts he said were going to create 344,000 jobs each month starting in August, and things are going in the opposite direction,"

Payrolls Slashed for 7th Straight Month

“Many economists now believe the lack of new jobs means structural changes are occurring in the economy instead of cyclical ups and downs. The United States is losing market share to global competitors.

In short, a flood of jobs is going overseas and will not be replaced, said Sung Won Sohn, chief economist at Wells Fargo.

"We have simply seen the tip of the iceberg," Sohn said. "I think it will get worse, not better."
Perhaps Bush will pay for pushing tax cuts designed more for political constituents than economic stimulus.

Perhaps Bush will pay for pushing tax cuts designed more for political constituents than economic stimulus.

Regards,
Mark