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Non-Tech : Kirk's Market Thoughts -- Ignore unavailable to you. Want to Upgrade?

To: Kirk © who wrote (1340)	6/5/2014 12:27:21 PM
From: Jerome	Read Replies (3) \| Respond to of 26728

Job Cuts etc. ...etc. I think the reason for the job cuts is fairly basic. The national economy is just bumping along,,,off the bottom....but no great shakes. This weak national economy creates very little demand for most products. Car sales are up, mostly because of discounted financing and easy credit. In this scenario many CEO's resort to job cuts to boost the bottom line and earnings per share.But the problem with this outlook is that job cuts will cary you just so far.(toward bottom line improvement). Putting more money in circulation (by raising the minimum wage) is one solution. Henry Ford, FDR, and Eisenhower all recognized the problem (slow economy) and the solution (putting more money in circulation). But many politicians just want to cut taxes....as if this was the answer to all our economic problems. Given the attitude in Washington....it will be up to the states to take charge of the problem and the solution.