“Cisco Systems plans to cut 15 percent of its jobs and sell a factory as part of a plan to cut annual expenses by $1 billion as the network equipment maker tries to revive its fortunes,” Sinead Carew and Poornima Gupta report for Reuters.
“The cuts are deeper than what financial analysts expected. The company said on Monday that it will cut 11,500 jobs, compared with the several thousand that analysts predicted,” Carew and Gupta report. “The cuts come after Cisco’s chief executive John Chambers said in April that the company lost its way.”
“The company had 73,408 employees as of the end of the last quarter, a spokeswoman said,” Carew and Gupta report. “Cisco will transfer 5,000 to contract manufacturer Foxconn which will buy a Cisco plant in Juarez, Mexico. Of the other 6,500 who are leaving, 2,100 will get early retirement.”
“It is also one half of a bigger blow dealt to U.S. companies on Monday,” Carew and Gupta report. “The announcement comes on the same day that Borders Group Inc, the second-largest U.S. bookstore chain, canceled its bankruptcy auction plans and said it would close for good. Nearly 11,000 people will lose their jobs.”
“About 15 percent of Cisco executives at the level of vice president and higher will lose their jobs too,” Carew and Gupta report. “Cisco will notify U.S. and Canada-based employees who are losing their jobs in the first week of August. The layoffs in other countries will take place later than this in compliance with local laws and regulations, Cisco said.”
Read more in the full article here.
[Thanks to MacDailyNews readers too numerous to mention individually for the heads up.]
I am pretty sure this is a sign that the economy is rebounding. Green shoots everywhere. If the Federal Government would just spend some more money and increase taxes and regulations some more, that will cement the recovery and set the economy on a strong foundation.
I believe Obama has the answer: Extend unemployment benefits for 60 more months. After all, the more voters he gets dependent on Da Gubmint, the better his chances to schedule more rounds of golf at Andrews for another four years of unnecessary malaise and misery.
It is great to see the twin deficiencies of extremists like you crystalized in 2 short sentences.
First, somehow blaming the Borders death spiral on Obama. I was not aware he is on the Border’s Board and, therefore, contributed to their lack of business vision that others, such as B&N, have had. Second, your delightful, bigoted expression, Da Gubmint. Maybe you would argue, as many of your ilk have argued, that this is not a reflection on your views on race. This, of course, is a joke. Both the phrase and your flimsy “who me?” when appropriately tagged as a racist are a very tired, dumb story by now.
Gracing you with the Tea Party moniker is something I wouldn’t do because those people actually have a hallowed place in our history. You neither do nor will.
Pot, meet kettle. Any attempt to classify criticism of the current administration as “racist” is just as bigoted a response as those you seek to denigrate.
Pull your head out of your azz and get over yourself, you ain’t that bright a bulb.
Case in point. Good luck with that.
It cute how you repeat the gibberish you learned from Limbaugh and Beck.
Both parties have their zealots and neither party can claim one is better. But, has anyone has a credit line and contiued to ask for a increase every year? Someone needs to think hard before 2016 when China rules the world and decapitates the United States by the weapon our government gift wraps for them.
Debt kills….No matter what political party one belongs to. Screw the media corporations and all their journalist. All media sells products in form of commercials and we need to run the United States like a family business. Everyone work together to keep it afloat and not the corporatate exective from CNN, CNBC, FOX, CBS, and every other one.
Keep it simple and we have freedom, other we will have nothing. Well, maybe a new language- Mandarian.
I used “Da Gubmint” thinking of stupid people, not of skin color (although I admit to imagining a redneck when I typed it).
It takes a racist to see racism where there is none intended.
Your “tea party” is only 10%-20% of the American population, and bogoted remarks like yours seem to be a common theme in “tea petty” rhetoric. Hmmm… Good luck with that.
But, we vote.
Dems and their lamestream media lackeys try to tag Tea Party as “racists” and “extremists” because Tea Party ideas obviate the need for Dems.
If you lap up their lies, you are a fool, but we already know that by surmising for whom you voted.
I am an independent. I can tell you have a lot of pent up hatred. You should be careful with that, because we independents vote too.
“Independent” is just another word for the convictionless.
YOU are the problem. The ill-informed “Independents” who vacillate back and forth based on what? Jon Stewart’s whims? A 30-second TV ad? SNL demagoguery?
Morons.
Vote away, but you will lose.
Gallup, July 14, 2011: Republican Candidate” Extends Lead vs. Obama to 47% to 39%
Seriously? HaHa!! You’re going to give yourself an ulcer with all that hatred.
Seems like no matter who I am, you’re going to hate me. OK, then. Well. Good luck with that.
But at least he’ll have Obamacare to provide him rationed care if at all for that ulcer! Heh, heh, heh, heh, heh, heh….
An independent is someone who thinks, instead of simply reacting blindly, The idea that independence could be construed as “the problem” is beyond bizarre.
Egads. The stupid, it burns!
The Tea Party ideas? What a load of cr@p. Their ideas are absurd, and when they do get to implement them, they just destroy whatever they touch.
Burning, huh?! Too much ‘free love’ at Woodstock?
Tea Party destroys what it touches, huh?… That’s if Obama and his ‘Spread the Wealth’ Social Justice mentality leaves anything left to destroy! Yeah, this country was in dire straits when OJT came to office. Unfortunately, it wasn’t the time to hire someone that needed ‘On the Job Training’!
The Tea Party is not viewed as racist because the super vast majority of its members are white or are from the same social economic ladder, Christian or even being a republican.
However, when you have such individuals come together consistently in rallies several times a year across this nation and carry signs showing President Obama as Hitler, a Nazi, a monkey, a witch doctor or with big giant lips it puts doubts into people’s mind as to their true intentions and personal believes. .
George Bush spent six of his eight years on vacation while keeping the costs of his illegal, immoral wars out of the budget, to set up the next president for this disaster. Your lies don’t fly.
‘W’ isn’t that smart.
You’re right, W isn’t that smart. Here, I’ve fixed the comment:
George Bush spent six of his eight years on vacation while letting Dickhead Cheney keep the costs of George W’s illegal, immoral wars out of the budget, to set up the next president for this disaster. Your lies don’t fly.
I’m not an American resident, neither am I inclined to the politics of the Republican nor Democrat parties in America. But my view as a citizen of the world that is indirectly affected by Bush’s 2 wars is that he was a damn stupid fool who was far beyond his depth in his job as POTUS and that suited the likes of Cheney fine because they got to manipulate the puppet from behind the scenes.
The evil phantoms of W and Cheney won’t save Obama. Is it that hard to see he is actually done? It doesn’t even matter who the Rep candidate is – the debates (if he’ll even do any) are going to be a slaughter.
Lots of countries suffered ancillary effects of the 2008 financial crisis, but few foolishly went the “stimulus” route. Germany didn’t and they’re doing well. So is Israel. So are India and China (which is, admittedly, investing a lot – but they have a lot to invest).
Germany has very conservative banks. They didn’t let greed get them in trouble.
Gov’t stimulus is the traditional response to a recession. I believe that if you research history, you will find a great deal of support for economic stimulus in similar situations. Obviously you can debate about the type and magnitude of stimulus. But to tag that approach as “foolish” as if the GOP would never think of doing such a thing is disingenuous.
Hypocrisy and revisionist history…deplorable.
You can add Canada to that list.
If Cisco had any brains, they would know the way to “recover” is to spend more money and raise prices. That’s what I had to do when I inherited this lousy economy and it is working for me. I get to fly in big planes and go on vacations with 500 flunkies in tow. And I get unlimited golf. Cool. So, John Chambers, increase your spending and your prices and you’ll be fine.
The GOP played a major role in creating this recession, and the GOP has done very little except obstruct constructive efforts to effect positive change.
GOP leaders even admit that their primary objective is to win the Presidency in 2012. Not to fix the economy. Not to address the deficit. Not to create jobs. Not to get us out of two friggin’ wars. But to win the Presidency. Sure, and then they will fix everything, right? They had eight years under Bush and they screwed the pooch. Royally. But this is the new and improved ultra-conservative GOP. Trust us….
Until the GOP drops the soundbites and the self-righteousness and actually begins to work for the benefit of this country, they can kiss my arse.
Isn’t this communist – democrat – union orchestrated reality – economy wonderful. I love having all these master mind liberals tell me how to live my life and how much more they know what’s best for my family and I than we do for ourselves. This is wonderful. It’s so fun to watch them relentlessly destroy the best country on earth. Let’s vote for more of this!
This is what happens when you elect an inexperienced “community organizer” as president. Clueless as to how the American economy operates and think gov’t is a panacea. Idiot elected by idiots.
Barack Obama’s big government policies continue to fail. He should put a link to the national debt clock on his BlackBerry. The gears on that clock have nearly exploded during his administration. Yesterday’s terrible job numbers should not be a surprise because it all goes back to our debt. Our dangerously unsustainable debt is wiping out our jobs, crippling our economic growth, and jeopardizing our position in the global economy as the leader of the free world.
As a governor, I had to deal with facts, even unpleasant ones. I dealt with the world as it is, not as I wished it to be. The “elite” political class in this country with their heads in the sand had better face some unpleasant facts about the world as it is. They’ve run out of money and no amount of accounting gimmicks or happy talk will change this reality. Those of us who live in the real world could see this day coming.
Back in January 2009, as governor of Alaska, I announced: “We also have to be mindful about the effect of the stimulus package on the national debt and the future economic health of the country. We won’t achieve long-term stability if we continue borrowing massive sums from foreign countries and remain dependent on foreign sources of oil and gas.” Then I urged President Obama to veto the stimulus bill because it was loaded with absolutely useless pork and unfunded mandates. Everyone knows my early and vocal opposition to that mother of all unfunded mandates known as Obamacare starting back in August 2009, and many recall my objections to the Federal Reserves’ inflationary games with our currency known as QE2 from November 2010. It’s a matter of public record that I did not go to Harvard Law School, but I can add.
The same “experts” who got us into this mess are now telling us that the only way out of our debt crisis is to “increase revenue,” but not by creating more jobs and therefore a larger tax base; no, they want to “increase revenue” by raising taxes on job creators who are taxed enough already! As Margaret Thatcher said, “The trouble with socialism is that eventually you run out of other people’s money.” That’s where we are now. Hard working taxpayers have been big government’s Sugar Daddy for far too long, and now we’re out of sugar. We don’t want big government, we can’t afford it, and we are unwilling to pay for it.
This debt ceiling debate is the perfect time to do what must be done. We must cut. Yes, I’m for a balanced budget amendment and for enforceable spending caps. But first and foremost we must cut spending, not “strike a deal” that allows politicians to raise more debt! See, Washington is addicted to OPM – Other People’s Money. And like any junkie, they will lie, steal, and cheat to fund their addiction. We must cut them off and cut government down to size.
To paraphrase Hemingway, people go broke slowly and then all at once. We’ve been slowly going broke for years, but now it’s happening all at once as the world’s capital markets are demanding action from us, yet Obama assumes we’ll just go borrow another cup of sugar from some increasingly impatient neighbor. We cannot knock on anyone’s door anymore. And we don’t have any time to wait for Washington to start behaving responsibly. We’ll be Greece before these D.C. politicians’ false promises are over. We must force government to live within its means, just as every business and household does.
We can’t close our $1.5 trillion deficit overnight, but we must get as close as we can as soon as we can. Little nibbles here and there over 10 years (spun to sound like they’re huge budget cuts) aren’t anywhere near enough. I know from experience that cutting government spending isn’t easy. As governor, I made the largest veto cuts in my state’s history, and I didn’t make many friends doing it. But we will never recover, we will never get free of devastating debt, unless we make tough choices now. We don’t hear talk like this from leaders in D.C. or from those running for office because they say what they think we want to hear rather than what must be said.
We are in desperate need of real leadership, but President Obama’s solution to everything is to grow government by borrowing more money, spending more money, printing more money, and taxing our job creators. He once said that he “believes in American Exceptionalism…just as the Greeks believe in Greek Exceptionalism.” Well, the path he has us on will make us just as “exceptional” as Greece – debt crisis, stagnation, permanent high unemployment, and all.
As we approach 2012, there are important lessons we can learn from all of this. First, we should never entrust the White House to a far-left ideologue who has no appreciation or even understanding of the free market and limited government principles that made this country economically strong. Second, the office of the presidency is too important for on-the-job training. It requires a strong chief executive who has been entrusted with real authority in the past and has achieved a proven track record of positive measurable accomplishments. Leaders are expected to give good speeches, but leadership is so much more than oratory. Real leadership requires deeds even more than words. It means taking on the problems no one else wants to tackle. It means providing vision and guidance, inspiring people to action, bringing everyone to the table, and with a servant’s heart dedicating oneself to striking agreements that keep faith with our Constitution and with the ordinary citizens who entrusted you with power. It means bucking the status quo, fighting the corrupt powers that be, serving the common good, and leaving the country better than you found it. Most of us don’t see a lot of that real leadership in D.C., and it’s profoundly disappointing.
But let me tell you where real hope lies. It’s not the hopey-changey stuff we heard about in 2008. Real hope comes from realizing how God has blessed our exceptional nation, and then doing something about it. We have been blessed with natural resources, hardworking entrepreneurs, and a Constitution that preserves the greatest form of government ever devised by man. If we develop those natural resources, allow our entrepreneurs to keep and invest more of what they earn, and adhere to the time-tested truths of our Constitution, we will prosper and endure.
But first and foremost we must tackle our debt. We don’t have the luxury of playing politics as usual. We need real leaders who will put aside their own political self-interest to do what is right for the nation. And if they don’t emerge… well, America has a do-over in November 2012.
– Sarah Palin, Saturday, July 9, 2011
http://www.facebook.com/note.php?note_id=10150235296718435
Unsurprising since Obama’s brand of Big Government has never worked in the past. It certainly isn’t the way to get out of a deep recession. Barry the Cueless Wonder has already flushed away trillions of dollars and tens of millions of jobs.
Obama is the biggest mistake America has ever made in electing a president. Even Carter grows in stature by comparison.
The ignorance spouted on this board about politics is truly astounding. Blaming Obama for two failed/ing companies is ridiculous. As is the notion of decimating government – you’ll just throw millions more good hard working Americans out of work. Duh. Look at the countries who did less of an internal bailout – Greece, RoI, Spain, Portugal, Italy. That strategy worked so well they need bailouts from other countries. Obama inherited the biggest mess since the Great Depression – by some metrics it was worse than the great depression. And he’s done an ok job of handling it. Not great, but ok. Despite the party of “NO” trying to hamstring him at every turn.
They are just pathetic children who aren’t smart enough to be embarrasses by their ignorance. Pay them no mind. Obama is just a way for them to whine.. If he didn’t exist it would be someone else. Preferably someone who looks different from them.
No – 2 terms of that idiot, Bush was our biggest mistake. He’s the @ss who got us into all of these problems – not Obama.
Obama chastised Americans who were using credit cards to go to Vegas, telling them that if they couldn’t afford the trip, they shouldn’t spend the money or run up their cards.
Now he wants to do the same thing. If he tells Americans they have to tighten their belts and do without some of the niceties in life, so should the federal government. We don’t need millions and billions being spent on his pet light rail and green energy projects; we need a lot of the “niceties” of federal spending to be tightened up.
When $0.40 of every dollar the federal government spends was borrowed, we’ve got a problem. It’s called diarrhea of the wallet, and it’s not limited to Dems or Reps.
BINGO!
Who are you? A corporate shill who posts here? How much are u getting paid to spout this nonsense?
Seriously? You’re quoting Palin? And you expect to be taken seriously!? HaHaHa!!
Better to quote the man who believes there are 57 states in the US. Or the man who had his coming out party hosted by a terrorist who says now he wished he had blown up more buildings in the US. Or the man who talks of those Europeans who speak “Austrian”. Yes – much more substance there than Sarah Palin.
HaHa! You should listen to yourself sometime. Palin!?! Seriously!? HaHaHaHa!!!
As Barack Obama said, “uhh, uhh, I uhh Bush, uuhhh, uhh, uhh, Bush, jets, uuhhh, uuuhhh, billionaires, millionaires, uhhh, uuuhhh Bussh, uuhh,”
You do impressions now? Try working on the college vocabulary, to sound more like Obama.
If that’s a problem for you, I think there’s an App for that.
Also need to work on your timing. HaHa!
Also, check your facts.
Uh, uh, uh… corporate jets, uhhhh, uhhhh. Uh, class envy and class warfare, uhhhh, uhhhh, uh.
Hey did ya see SNL with Tina Fey dressed up as Sarah Palin? Uh, uhhhh, go watch that some more, so you, uhhhh, get mixed up again and think she’s stupid, okay, dummies?
Nice facts.
Do you have a reference for that, or are you just quoting Palin again? Oh wait, is it Beck this time?
HaHaHaHa!!!
You poor, deluded pseudo-conservatives. I’m actually beginning to pity you.
“This is what happens when you elect an inexperienced “community organizer” as president.”
No, this is what happens when you elect ANYBODY ON THE BALLOT as President. They’re all a bunch of snake-tongued assholes who don’t care about anything beyond their own immediate self interests.
That that Palin speech for example. Where was all of that wisdom back in 2009 when she was busy fucking up as governor of Alaska? Oh right, that “wisdom” was probably off writing speeches for somebody else at the time.
Am I the only one who notices the irony of her deriding Obama’s promise of “hope and change” from 2008, and then turning around and campaigning on her own platform of “hope and change?
He lied then. She’s lying now. They’re all professional liars. And damn all you fuckers from both sides for believing a word they say. All you liberals, wake up: Obama is an evil little turd. All you conservatives, wake up: Palin is an evil little turd. Every one of them are evil little turds.
No progress will be made and the economy will not even begin to be rehabilitated until this fact slowly and painfully dawns on the masses.
Until then American politics will continue to be a game of Evil Little Turd Ping Pong, where a new one is elected to office just as soon as the last one is bounced out.
Guys like “The Obama failure”, who blame all of the country’s woes on one turd while urging people to throw their support behind another, just serve to grease the gears of this status quo.
Sarah’s not peddling amorphous “change.”
She wants America to return to fiscal conservatism.
Doing so would rescue the country’s economy.
The “change” that Obama was peddling back in 2008 was every bit as well defined as the “change” that Palin is peddling now. It’s not like he got up on the podium and said “Yeah, I guess I’ll do some stuff to make things better or something, whatever” or vowed to kick America in the balls. No President does that. He made great and very specific promises to do wonderful things for the country. Just as Bush promised before him. Problem is he was lying. Just as Bush was before him. Pattern? You bet.
What Palin wants is to get elected President. What she will say in order to get elected President is anything.
Would a return to fiscal conservatism rescue the economy? Yes. Would electing her result in a return to fiscal conservatism? Ow, I just hurt myself laughing.
But then she wouldn’t get a second term, you say? Doesn’t work like that. If she was grilled as to why her tenure as President wasn’t producing any fiscal conservatism she would simply insist that her administration was trying, HONEST, it but was being obstructed by Democrats or terrorists or some other such excuse that deflects the heat away from her. And enough people to re-elect her would buy it.
You belong to the same category as “The Obama failure”. More grease.
lol. Palin? That utter and complete moron rescue the economy? That anyone actually believes this is beyond stupid.
Palin’s only in it for her own aggrandizement. She’s an idiot and has already shown that she’s a quitter. What a joke.
Palin should try reality tv. She’s a natural.
I’d love to see a return of fiscal conservatism, as we had during the second half of the Clinton administration.
Now, THAT is the political view I agree with.
To add to that, stop working for corporations. Just stop relying on them as well.
(I am totally serious)
So, genius, what’s your “solution,” armed revolution?
Quitter Palin? You actually wasted electrons and a lot of screen real estate quoting Palin?
Check the history of the American deficit. Two administrations racked up much of the debt. You guessed it – Reagan and W Bush. The last few years have been the result of a perfect economic storm created by “deficits don’t matter” GOP conservatives from 2001-2008 on top of two wars, only one of which was justifiable. No sir, you have no room to lecture anyone when you are unable to think for yourself.
Seriously? You’re quoting a quitter? A former TV sports anchor? A swimsuit competition contestant?
Wow.
…says the governor who QUIT HALFWAY THROUGH HER TERM. Obama is many things to many people, but he’s not a quitter.
Sad for American workers.
Very sad that workers suffer under incompetent management. I hope all of the people who are let go, find better employment elsewhere.
With the incompetence in Washington, those poor workers will have to find another country to find better employment… I hear China’s GDP is doing quite well! – http://www.tradingeconomics.com/china/gdp-growth
America’s… Not so hot – http://www.unemployed-friends2.org/t3095-us-unemployment-to-stay-elevated-through-2012-analyst
Riiiiight. That anyone actually believes this garbage is beyond belief.
Alabama institutes a draconian, anti-immigration law because of the ridiculous “Tea Party”. Immigrants leave. No one left to pick the crops so they rot in the fields. Great job “Tea Party”.
Where ever these idiots enact their insane, and stupid views, they create real chaos.
Can they just go away? And let the adults get back to taking care of things?
Lets look on the bright side… we got a guy with big floppy ears in the White House who can talk smooth.
Isn’t what you guys elected?
Bigot.
You got something against folks with Big ears??
Heckava job, Brownie!
Both great companies…that’s terrible.
If they were great companies, they would not be failing. Poorly run, no long term strategy, “make money now” – just like Ronny said… out of business.
Ron Paul 2012
11K american worker are out of a job and you guys rag on obama about it? I suppose we should have let the same thing happen to the auto industry? And hey, why not let the US default on it’s debts and plunge us in to a full on depression?
There’s NOTHING conservative about any of the current gang of republicans.. Let alone Palin. Heck, from where I’m standing Obama looks more like the true conservative. But that’s just me.
Can we PLEASE stop it with the obama bashing and stick to android, rim and windows bashing?
Something we can all agree on right?
http://www.ronpaul2012.com/
Thank you President Obama for creating an environment where innovators like Apple can grow and flourish in unprecedented ways. I’m glad Steve Jobs and most Apple employees helped get you elected.
Thank you President Obama for creating an environment where quality manufacturers like Boeing, Apple, Caterpillar, John Deere, etc., etc. etc. can grow and flourish and create jobs in a country that is business friendly, with sensible work and environmental regulations – China.
Excuse me, but these are NOT “both great companies!” Borders failed to anticipate where digital books and music were taking the consumer (led by a very large degree by Apple) and Cisco’s own president acknowledged that the company had lost it’s way.
Neither of these cases has much, if anything, to do with the president’s stewardship of the economy – a total disaster handed to him by George Bush. The fact is that well-managed and led companies such as Apple, Ford, (like it or not) Google, and others are setting profit records – an indication that the Obama policies are not stifling either innovation or revenues.
It was conservative ideology that destroyed our economy – all done on George W.’s watch. Then you shills get up here and post corporate claptrap. So Cisco exports more jobs to low-wage countries – America can not exist as a two-class state, rich and poor. Won’t sell many routers to the homeless, that’s for sure.
Is there a proctologist in the house? The place is crawling with assholes.
You left out “White” before “House” in your sentence above.
Yeah, if only the government would have forced Borders to get ahead in the eBook race.
Thanks, Obama!!
Repubs have their problems, but ANYBODY ELSE would be better than Obama/Reid and their cronies.
Deficit when George Bush left office – $450 billion. Deficit now – $1.6 trillion. Unemployment rate in September 2008 – 6.1%. Current unemployment rate – 9.1%. Debt added since Obama took office – $5 trillion. Obama claim about what “stimulus package” in 2009 would do – reduce unemployment to below 8%. Obama campaign claim regarding energy prices – “prices will necessarily rise as regulations force utilities to close plants that burn carbon based fuel – that is the plan”. And his plan was for increasing gasoline prices to reduce the use of gasoline. It has not been that low since he got all his wishes from the Democrat Congress in 2009. This is not due to Bush. This is all due to the politics of centralized government shackling and punishing the private economy, except those like GE who run networks that act as propaganda arms of the regime.
Obamas plan is all working. Unfortunately the plan has the side effects of increased unemployment, increased dependence of government food and other handouts, increased prices for all goods, increased debt for future generations, a hollowed out private sector decimated by government tax burdens and regulations. Other than these things, and more I can’t list, his ideas are very good.
When Bush came in to office? Budget surplus. Budget. Surplus.
When he left office? Massive debt and deepest recession in 50 years.
2000 to 2006: GOP controls Senate, House, and White House. Where did they cut spending? Nowhere. No. Where.
Dave Stockman, Ronald Reagan’s budget director, blames most of todays deficit on the GOP. Read this Editorial:
http://www.nytimes.com/2010/08/01/opinion/01stockman.html?_r=1
No one knows the Reagan philosophy better than him, since he designed it.
Bottom line: Clinton tax policy: economic boom and BALANCED BUDGET. Bush tax policy: exploding deficit, poor economy, crappy job growth.
GOP is the fiscally responsible party. Unless they are in power.
If fscking Clinton had grabbed Bin Laden when he was offered to him, Bush wouldn’t have had to go spend cash and lives to transform the Arab world. Bush wanted to transform US education, but was rudely interrupted. He was defending the country, that’s where the “balanced budget” went.
Obama has grown the deficit far more in two years than Bush did in eight or even both Bushes in twelve years.
What the hell was Bush defending the country from? 911? A little late to the party on that one. If George’s goal was to defend the country then he failed miserably at it.
No, wait, he totally defended the USA from Saddam Hussein’s imaginary weapons of mass destruction. Silly me, I forgot. That was sure hundreds of billions of dollars well spent.
And the Taliban! Can’t forget how he stopped the Taliban from crossing the ocean on their fucking camels and slaughtering Americans by the truckload for some reason.
But at least there weren’t any OTHER terrorist attacks after 911, right? We should thank Bush for that. Of course, there weren’t any terrorist attacks after I last blew my nose, either. You’re welcome.
Not that Obama is any less of a shitstain, as he enjoys waging mindbogglingly expensive wars for spurious reasons as well(Libya says hi).
If you want to talk about Presidents who helped torpedo the economy, Bush and Obama go together like peanut butter and jelly.
You actually have the gall to drag Clinton into the Bush screwup? You are one asinine piece of work.
Hey @Wretnuh The difference between now and Clinton was Clinton wasn’t a spread the wealth ideologue and had a responsible Republican controlled Congress that dragged him kicking and screaming to pass Welfare reform.
Obama has a responsible Republican controlled Congress, but not the experience that Clinton had and thus the state we are in.
Unfortunately, the Republicans control only 1/3rd of the federal government and half of congress, the House. The Senate is still in the Dems fiscally irresponsible hands.
2012 will bring about real hope and change. 2010 was just phase one.
Well said, Wretnuh. Neither party has a good track record on spending. The difference, however, is that the GOP keeps claiming the moral high ground on fiscal conservatism while demonstrating absolutely the opposite. I’ll vote against hypocrisy when given a chance.
Lowest revenues and lowest taxes in 50 years. What regulations? Financial and environmental regulations stripped. You assholes keep whining about the onerous everything when everything is at its lowest. Go back to Clinton tax rates. Hell, let’s go back to Reagan tax rates and watch the deficit disappear.
Kent, Bush was the Engineer of train and the wheels had already fallen off when Obama took over. It was going to crash no matter what. Blaming the mess on Obama is pure partisan idiocy. Or ignorance.
Probably both.
Obama ran for the office. He said he would reduce unemployment. He hasn’t. He said he would reduce the deficit. He has quadrupled it. He said he would raise the cost of energy. He has. As a Senator he said increasing the debt limit was irresponsible and voted against it. Now he insists it be raised and also that spending be increased. When he ran he attacked the Bush tax cuts. In December he lobbied to have the Bush tax cuts extended. He ran against the US being involved in conflicts in the Middle East. Since being in office he has continued all the Bush wars and he has inserted the US into conflicts in Egypt and Libya and Syria. Basically, everything he says is a lie. He is easy to understand.
I am amazed that Obama is the root of all the problems in America. He inherited the worst economy since the great depression. Bush inherited a near surplus and look what 8 years brought us. Nope, I would not want this job and I will not be piling on.
Let’s see… Buchanan left Lincoln the Civil War, Hoover left Roosevelt the Depression, Roosevelt left Roosevelt WWII, Clinton left Bush 9/11… and yet, it is only this loser president and his fellow minions who decry of his dire situation (who as Senator he helped create), as if HE were the only one who “inherited” a bad situation, like the bunch of whinny crybabies they are! Whinny crybabies… No wonder they’re Democrats. Time for your bottle Barry and the only thing that needs changing, is the occupant at 1600 Pennsylvania Avenue!
Wow you guys are rough. Perhaps I should have said in past tense. Just a shame that so many will be out of work during this time….
Before fencing sensibility off with a political fence, people shouldn’t forget that some of these companies laying off employees are recording greater profits then ever before and what about everyone one of us paying our taxes to help this country (U.S) and why is it ok for the richest to get off with tax breaks? Seems un-American to me and more: selfish, greedy, and shameless. Just like Samsung eh?
Mees says, “people shouldn’t forget that some of these companies laying off employees are recording greater profits then ever before and what about everyone one of us paying our taxes to help this country (U.S) and why is it ok for the richest to get off with tax breaks?”
Apple is a great manufacturing company that I love. Maybe the best manufacturer in the world. And it employs zero people on the assembly line. Amazing! Ever wonder why Apple chooses not to manufacture anything in the US? Maybe the government should force them to bring all manufacturing to the US.
Oh, yes. John Chambers… the same greedy asswipe that has billions overseas, but doesn’t want to bring it home so he’ll have to pay taxes on it. Yeah, you’ve lost your way, alright.
http://wraltechwire.com/business/tech_wire/opinion/blogpost/9340892/
I came here to say i heard on the news that Cisco was only dropping 6500 people… saw all the BS posted on BOTH sides… it’s not worth posting in here.
the freaks and idiots have taken over this article.
Yes. This is not a political site. I came her to read TECH!
Because you are not equipped to discuss solutions that don’t match the facile, unrealistic worldview that the Dems and their lamestream media lackeys have implanted in your brain.
You need to relax. Maybe lay off the koolaid. HaHa!!
Lamestream media? Yeah, that wasn’t planted in your head by the media lackeys of the GOP
“Lamestream media” was coined on December 18, 1999 by The Waukegan News-Sun.
Your point?
I can’t wait until the Right Wingnut Repugnicants get the America they have been begging for, taking the world along for the ride. I almost wish President Obama had LOST the election, but hey, Repugnicants will get what they have been clamoring for after all!
You will soon get your wish and you and the rest of the deluded will benefit in the economic boom that follows:
Gallup, July 14, 2011: Republican Candidate” Extends Lead vs. Obama to 47% to 39%
LOL! LOL! LOL!
You have been drinking way too much TEA! So tell me not-so-wise one, just who is this “generic” Repugnicant that is going to beat Obama when poll, after poll, after poll has him beating the current field (including Palin and Perry) HANDILY? The person closest to having a chance to beat Obama is Romney and even he trails Obama, not that Repugnicants would have sense enough to choose him anyway!
Your party has shown they are not worthy of leading because they have lied about their desire to create jobs and have instead pursued a purely ‘social’ agenda. The gains you made in 2010 will be RESOUNDINGLY reversed and give Obama even LARGER majorities than what he had when he took office.
The Tea Party (and what’s left of what barely passes for the Repugnicant party anymore) are on their way to becoming the party of irrelevance for many, many years to come and you can thank Eric Cantor and all of the new Repugnicant governors for helping Obama and the Democrats never look MORE appealing come 2012.
We’ll iCal these statements and see who’s smiling then!
It is amazing to watch America squabble as the country plummets into disaster. A couple of facts. Bush spent blood and an enormous amount of treasure to go to war in Iraq on a clear and present lie. WMD. Your largest company pays no or little federal tax. (exxonmobile) but makes the largest corp profit in global history. The bankers and brokers who used “leverage” (borrowed your savings) are still rich and have not paid a penny for their greedy folly. They keep the Swiss banking industry alive with their hidden accounts. Your politicians are all bought and paid for by rich vested interests. Your most influential news media is owned by a corrupt and power-hungry megalomaniac. (ex Australian- sorry about that…) In 2011 half your countrymen believe the world about 6000 years old, 60% of college entry students can not identify the Indian Ocean on an unmarked map of the world. Meanwhile the litigation culture styfuls innovation and soaks up huge resources of money and good minds, those that have jobs are paid less now in real terms than they were a decade ago, these same people are expected to spend money they don’t have on American goods that the great American Capitalists have had manufactured offshore whilst contributing little to nothing to the good of their own country. Go read FDR, Jeffeson, JFK, all great amercans, and learn that everyone needs to play a role, Goverment, business, the Wealthy, the common man, everyone, needs to contribute to the rebuild of your once great nation. Stop blaming and hating your leaders and help them. Otherwise your banker, china, will own you outright. Good luck. The Dr
And I haven’t even touched on climate change, peak oil, depleted fisheries or sustainable energy…etc
DrStrangelove, don’t waste your breath. The mental patients have overrun the asylum and they intend to hit the reset button. They are about to find out just how much the Right Wing has used them. The good news is that we will ALL be starting over. We are about to find out who has REAL money and who has money on paper only. I kinda like where this is going!
God damn it!!! can we just enjoy MDN as a source of info about Mac, Apple and those kind of stuff??? If you guys wanna go politics than read CNN or something!
You know this article which had little to do with Apple and the Mac per se, was more of MDN’s way of cheap entertainment by starting an engagement between the haves and the have nots… Those with brains and those without. I’ll leave that for you to determine who’s who.
I remember when the left derided the Bush economy as one of nothing but hamburger flipper jobs!
Now those same pricks only wish that McDonalds would hire more! Micky D’s did one job fair that resulted in half the nations employment for a month. Think about that!… For all new hires in one month across ALL of America, half were hamburger flipping jobs… HALF!
“Up to 30,000 of the 54,000 jobs created in May were the result of a hiring spree by the hamburger chain, analysts at Morgan Stanley told Market Watch on Friday.” – http://www.grist.org/food/2011-06-09-its-the-mceconomy-stupid
Speaking of intelligence… How are the seniors graduating college doing?… I guess this answers that. But I guess you can still hope for some spare change!
“A study conducted by Twentysomething Inc., a consultant firm specializing in young adults, reports that 85 percent of this year’s graduating class will be forced to move back home. Meanwhile, 2011 graduates also face historic amounts of student loan debt…” (The Left complains of Big Oil, but never of Big Ed, wonder why?)
“Using data from the U.S. Bureau of Labor Statistics, Sum reports that as many as 50 percent of college graduates under the age of 25 are underutilized, meaning they’re either working no job at all, working a part-time job or working a job outside of the college labor market — say, as a barista or a bartender.” – http://www.huffingtonpost.com/2011/05/13/college-graduates-moving-home-debt_n_861849.html
Obama says we need to speak a second language – http://www.youtube.com/watch?v=z5Igvv9zogk
Hey Obama, if Bush was considered an idiot by your elitist Harvard Faculty Lounge friends, but yet he can speak Spanish fluently, and you can’t… I guess that make you the biggest dumbf*ck to assume the Presidency considering all you lefties who chided Bush with regards to intelligence, huh? Besides Barry, the only language people need to learn under your economic stewardship is, apparently, ‘You want fries with that?’
To borrow the phrase from the food writer’s blog, “It’s the McEconomy, Stupid!”