Bank of America is in the news today. It's considering cutting 40,000 jobs. That's 10% of its workforce. The Post Office last week talked about cutting 120,000 jobs. Last night Obama told Congress he had a plan for reducing the unemployed and he wanted support from all members. Even if he got support , it would seem that the misery of unemployment has reached a breeder reactor-like- dynamic of layoffs begetting more layoffs. Congress couldn't rally the will fast enough to stop the unraveling of the economy.
How about layoffs in congress along with pay and perq cuts? If ever there was a group that deserved collective punishment it's those bunch of crooks. Will start with that kind of humane actions. But reserve the right to all other barbaric means of eliminating them.
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