Tuesday, November 29, 2005

Dumbya's Robust Economy

In the wake of the Vioxx disaster, Merck announced that it will cut some 7,000 jobs, this on the heels of last week when GM announced some 30,000 jobs to be cut.

Earlier this year, Kodak had some 10,000 jobs cut.

HP had about 15,000, as I recall.

Air traffic controllers, overworked and understaffed because of hiring freezes, are now talking strike, but remembering the 80's when Reagan came down on them with a swift kick in the ass out to the street.

And yet, NPR's "Marketplace" just said that "consumer confidence" has risen - RISEN - from the 80's to the 90% range!!!