JOBS DISASTER

New York Post ^ | January 10, 2004 | PAUL THARP

[null and void]

Yup. The fixed costs and obligations of the US government will be paid off in hyper-inflated dollars. That's why I'm confident that I will get back every penny I've put into the Social 'Security' system.

[oceanview]

no one with a master degree in engineering is going to get a job washing dishes or cutting lawns, not when they can band together and vote themselves largesse from government. without a healthy private sector middle class, the republican party is doomed.

[riri]

the republican party is doomed

No, a conservative party is doomed. (unless it can get in and correct this fiasco) The Republican party just goes into competition with the democrat party seeing who can offer more freebies,give aways and promises.

[null and void]

See post #65. Are you saying all I'd need is a MS and then I wouldn't be a laborer?

[Justa]

bump.

[oceanview]

have you tried getting a government job of some form? I am assuming from your post that you don't enjoy doing manual labor, that is the only reason I am mentioning this. another good place to work for "former" tech people - auto dealership service departments, the pay is OK, even for the "service managers" who don't work on the cars but make sure the work is done, parts are ordered, and interface with the customers. if you get into a top line dealer like Mercedes or BMW or Lexus, the pay can be quite good.

[oceanview]

you are correct.

I am beginning to think this immigration gambit by Bush for the hispanic vote was done because they know that the 2004 jobs numbers will be quite bad, and they have to make a move now to find another voting block.

[null and void]

The labor is OK. Productive physical activity is good for one's soul. I was astonished to find out my decades of flying a desk body could even handle moving the contents of a rock and mineral shop.

At this point I'm looking for temp work.

I'm hopeful that the micromachining/nanotech field will pick up soon, and I don't want to feel obligated to a permanent position that isn't in my field (I LOVE wafer fab and micromachining).

With luck, I'll end up in a position in defense/counter terrorism. I could build a lot of sensors actuators and other devices for interdicting nasties.

[rwfromkansas]

This seems just a wee bit hyped up.

Yes, the results are shocking and stunningly bad.

But, even CBS last night did not act like this was a doomsday situation, just another temporary setback, and said that many companies have plans to start hiring again in a month or two.

[Tauzero]

"But, even CBS last night "

Uh oh. Contrary indicator! ;)

[waterstraat]

One thousand Jobs? We'd better open up the borders to 20 million folks from the third world.

We let in 50,000 more immigrants each week.

[waterstraat]

No, a conservative party is doomed.

You are right, the only conservatives to run last time, Pat Buchannan, and Alan Keyes, got very few votes.

[mindspy]

American companies continue to make more product with less employees, equating to productivity and higher profits.
Ok, but who will be buying all the products. The poor chinaman making $2.00 a month, or perhaps the former goat herder turned communications engineer (telemarketer) in India.

[BrucefromMtVernon]

Aside from China (perhaps), most all of the world's economies are bankrupt already. There is no need to wait for Bush to leave office.

[waterstraat]

who will be buying all the products. The poor chinaman making $2.00 a month, or perhaps the former goat herder turned communications engineer (telemarketer) in India.

The will probably buy good made in India and china, or maybe korea, taiwan, japan, indonesia, vietnam.

Just exactly what (still)american made goods do you think they would/could/want to buy?

[edsheppa]

They are right. Nexyt week will be a disater for the markets. The dow may shed a thousand points.

Hahaha. Your may want to trade in your magic 8 ball.

[Reeses]

What you predicted: The Dow will go below 10,000 next week and could well go down more than 10%. I hope I am wrong but that is how it looks to me. THe NASDaq will certainly go below 2000 and could go down more than ten percent as well.

What really happened: The Dow Jones industrial average rose 46.66 points, or 0.4%, to close at 10,600.51, up 1.4% for the week. The Nasdaq Composite Index rose 31.38 points, or 1.5%, to close at 2,140.46, its highest level since July 2001. The Nasdaq gained 2.6% for the week. And the S&P 500 index rose 7.78 points, or 0.7%, to 1,139.83, its highest close since April 2002. The S&P 500 rose 1.6% for the week. The Dow and the S&P 500 have posted eight straight weeks of gains; the Nasdaq six.

Statistically, being a pessimist is bad strategy. You may be sometimes right but will mostly be wrong.