2005 Job Cuts Pass Half-Million Mark
Last month I noted with alarm the number of mass job cuts. Turns out there was a 35% jump in job cuts in the month of June. Forecasters say that cuts for the remainder of 2005 are likely to continue at a similar rate, exceeding the numbers for 2004.Well over half a million American jobs have been lost in 2005, yet the Bush administration touts the "strong economy" as one its greatest achievements.
I suppose it's true that job cuts do, generally, improve a company's stock prices. But that seems to miss the point. No matter how well American companies perform, if they continue to be rewarded for downsizing and outsourcing, it is American citizens who suffer.
Just another example of how Bush is selling out American citizens while catering to corporate greed.
posted at 11:34 AM Permalink
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