...assuming the plan is to completely demolish the middle class, throw more people into poverty, have more people uninsured, and make a larger portion of the population feel utterly hopeless about their prospects:
U.S. firms planned the highest number of layoffs in June since January 2004, led by the automotive and retail industries, a report said on Wednesday.
Employment consulting firm Challenger, Gray & Christmas Inc. said employers announced 110,996 job cuts last month, up from 82,283 in May, and 73 percent higher than June 2004.
“The cuts are not necessarily an indication of economic weakness, but rather the by-product of numerous trends, including changing consumer demand, outsourcing, mergers and acquisitions, automation and consolidation,” said John A. Challenger, chief executive officer of Challenger, Gray & Christmas, in a report.
But this is what they want, right? Push everyone from the middle class into poverty and return us to the Gilded Age, in which preposterously wealthy capitalists built huge monuments to their own success in the form of ostentatious houses and lifestyles, while the rabble scrambled for scraps. As I've said before, if you loved 1905, you'll love 2005.
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