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Posted on 11/08/2012 10:08:08 AM PST by ScottinVA
Fellow FReepers -- This is designed to serve as a single repository for layoff announcements, stories and other related news pertaining to the future dismantling of our economy due to the re-election of Barack Obama. The goal here is a one-stop source to bolster our argument that Obama's reelection is truly the detriment to our economic well-being.
Brilliant. Keyword Added and to all like threads. If you make a ping list, I'm at the top.
I've never had so much fun shorting a stock in my life. Competitors had no barriers to entry, and the scale was/is transparently easy.
I actually volunteered for a layoff a few weeks ago as the writing is on the wall. After 31 years, I’m ready financially as well as mentally. It will help save 2 co-workers as well, as they will split my workload. They’ve been my friends for 30 years.
I’m also in defense.
It was more the center and eastern part of the state that took the brunt of Irene (we barely even got any rain in the Burlington area) but they have largely recovered. I wish I could say the political culture here recovered as well.
Vermont has been in tough straights for decades
The state is so hostile to business that I doubt any out of state companies would ever build a plant here now. I work for IBM and the state has dumped on them for years. IBM built their newest fab in NY because they could break ground there in 9 months. Vermont officials hinted that it would take about a decade for the permits. IBM has been pushing for a bypass road in the area for 30 years.
< / rant>
I had family up there on the Champlain Islands during Irene; they said there was a lot of flooding. I was in Burlington this past summer, and didn’t see much effect.
A friend who lives up there describes Vermont as a state where the residents want the other 49 states to subsidize them as one giant park. It is a shame, because they used to have real industry up there; as I understand it part of the decline in fortunes came when railroads replaced the lakes/canals as the main transporter of goods.
Bookmarked for later reference...
The interesting thing is that the CNBC article points out that going over the "fiscal cliff", given current conditions, would initiate a recession. But then they go on to say that the tax increases and spending cuts needed to avoid sequestration would also trigger a recession. One might think the latter might not be as bad, but IMO other factors are at work, and it could be just as bad. The CNBC article even seems to hint at that.
Basically, we are screwed either way -- no news to Freepers, and not even "new news" to CNBC -- but CNBC would of course never release such an article just before the election.
I’m not sure why the link won’t hyperlink. I checked the list of restricted sites B4 I posted. Did I miss something? But the link works if I copy / paste it into my browser(s).
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