Not exactly a neutral observer:
"Lubrano met with President Bush yesterday as part of a group of business representatives who favor the package approved by the Senate Wednesday night."
Remember, readers, U.S. Banks Driving Credit Crunch ON PURPOSE!
"Manufacturers are feeling pinched; Credit crisis puts more jobs at risk" by Associated Press | October 3, 2008
WASHINGTON - There's no need to explain to Al Lubrano how deeply tight credit has wounded the economy. Lubrano, president of a metal components maker in Lincoln, R.I., said orders from his customers in the automotive, computer, and telecommunications industries have "dropped precipitously" in the past six weeks.
"I'm going to have to lay people off," he said, if the economy doesn't improve. He's not alone. The government reported yesterday that factory orders took the biggest drop in two years in August as businesses cut back on purchases of large equipment and consumers spent less on autos, electronics, appliances, and other goods.
Where is my salt shaker, readers? I'll take what the "agenda-pushing government says" with a grain of salt, thank you!
When manufacturing takes a hit, jobs get pummeled.
Of course, it is O.K. to SEND THOSE JOBS OVERSEAS, according to the economic wizards driving this bullshit!
More people than expected lined up for unemployment benefits last week, according to government data, pushing claims for jobless benefits to a seven-year high. There's more pain to come, predicted Lubrano, if the House doesn't pass a $700 billion plan to buy bad assets from banks and other institutions to shore up the financial industry and eventually thaw frozen lending.
It COULD COME ANYWAY, dink!!! Economists Say Bailout Bill Won't Work
And we ALL KNOW WHY the LENDING is FROZEN!!!!
Lubrano met with President Bush yesterday as part of a group of business representatives who favor the package approved by the Senate Wednesday night. "You're going to see jobless rates shoot up like you haven't seen in years" if the package doesn't pass, said Lubrano.
Yeah, because THESE ASSHOLES will MAKE IT HAPPEN!!!!
His company, Technical Materials Inc., has about 200 employees and is already planning to reduce its workers' hours over the holidays. The figures are likely to get worse, analysts said, because they don't yet include thousands of potential layoffs likely to result from the turmoil on Wall Street. --more--"
See?!!
And if you can believe it, the shit MSM is blaming the JOB LOSSES on the HURRICANES!!!!!!
PFFFFFFFFTTT!
