Wednesday, January 7, 2009

Worst recession since great depression has NO EFFECT on Springs?

WASHINGTON - Planned layoffs at U.S. firms eased in December from the previous month’s seven-year high but they were up an astounding 275 percent annually as the year-old recession cut a huge swathe of destruction through job market. The economic slump, which is likely to be the longest since the Great Depression of the 1930s, also produced the worst year of layoffs since 2003, outplacement company Challenger, Gray & Christmas said on Wednesday in its monthly report on U.S. job cuts. The report said heavy job-cutting could continue through at least the first half of 2009, and the outlook afterward hinges on President-elect Barack Obama’s plans to stimulate the economy through increased government spending. Economic slump, which is likely to be the longest since the Great Depression of the 1930s, layoffs at 7-yr highs, up 275%.. the writing IS on the wall. Everybody ELSE can see it. Why cant our city officials? Are they blind? Crazy? Dumb? Paid off? ALL of the above? Revenues in Broward are down 5.9% and are projected to double next year. But it will have ZERO effect on us in Miami Springs???????? Dade county is tightening ITS belt with layoffs, suspending projects, etc.- WHY are WE not doing the same? This Council has either lost its tenuous grip on reality, is blissfully unaware of the consequences, or doesnt care. Which is it? Perhaps some of each. Neither is acceptable.

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