Another Gloomy Day in the Bush Economy....

[Pachamama]

While the Dow is up and the Nasdaq slightly down, my husband today will be telling a bunch of people that they have been "downsized" and have two weeks pay....This coming from a company that has seen its stock more than double in the last 12 months and be a darling of Wall Street...

Reason: They have to keep their "cash burn rate" down...got to keep those stocks performing....and ofcourse, they outsource too...

Bushenomics....Good for them - too bad for you....

:grr:

[lebkuchen]

1. I am very sorry about your husband's dilemma

but am glad the stockmarket is holding its own. I am attempting to liquidate at the moment, knowing that further investment in another Bush economy is not fiscally responsible on my part. I have yet to meet anyone who has made money off Bush's first term (keeping in mind my acquaintances do not mill around the same waterholes as Kenny Boy's).

[Pachamama]

2. Yeah, he hates it....he is sick to his stomach about it...

...one of the guy's he's laying off has a pregnant wife at home...

We have been "liquidating" over the last two years our assets too and moving cash overseas and buying property overseas...We still have properties we own in the US (vacation, investment) and we are now looking to sell those off, especially with rates destined to go up...

If the USD$ continues to decline internationally, it also doesn't bode well for this so called "economic return" that Bush likes to say is happening (not)....