"But some warn of a retreat by consumers" by Robert Weisman, Globe Staff | October 14, 2008
The next phase of the financial crisis may be a consumer spending pullback that drags the economy into a downturn with heavy job losses, Microsoft Corp. cofounder William H. Gates III and other business leaders warned at Harvard Business School yesterday.
As worried consumers rein in purchases, depressing the biggest engine of the US economy, businesses faced with falling sales could shed jobs and the nation's unemployment rate could climb to "north of 9" percent, Gates told more than 1,500 alumni at the school's Centennial Global Business Summit.
But, but, but... that;s why the banks got the TAXPAYER BAILOUT!! So this WOULD NOT HAPPEN!!!
The Economic Untouchables
The Boston Globe Worships the Wealthy Elite
Only U.S. Elite Need Apply
The Comfortable Class Above It All
Gates, who cochairs the Bill & Melinda Gates Foundation in Seattle, which focuses on global health, wasn't the only speaker to caution about a consumer slump. Meg Whitman, former chief executive of eBay Inc in San Jose, Calif., and national cochair of John McCain's presidential campaign, said US leaders need to restore confidence and ask ordinary people to help solve the problem.
Well, isn't that something, huh?
Who knew e-bay was all for John McCain, huh?
Also see: E-Bay Wishes its Employees Merry Christmas
Pffft!!! FUCK MY HELP, you elite assholes!!!
I have DONE ENOUGH ALREADY, you LYING SHITS!!!!!!!!!!!!
Several speakers on a Harvard Business School panel moderated by television journalist Charlie Rose yesterday applauded the financial rescue efforts unfolding in the United States and other countries, including moves to inject capital into struggling banks. "They're doing a job that's necessary," said investment banker James D. Wolfensohn, former president of the World Bank Group.
Globalists FOR the BAILOUT that would BENEFIT THEM? You're kidding?
Underscoring the daunting challenges confronting policy makers, Gates described a phone conversation he had Sunday night with his friend Warren Buffett, the legendary investor who was mentioned by both presidential candidates in last week's debate as a potential choice for treasury secretary in the next administration. --more--"
Great, just what we need; some INSIDER that is BENEFITTING from all this turmopil with INSIDE INFORMATION!!!!
See: Buffet's Buffet and Goldman Sachs' Government Loot Grab.
The WORLD is an OYSTER -- at least, for the GLOBALIST CLASS!!!
