Did something happen this week that is causing the economy to bomb?

In the last three days, the stock market is plummeting and layoffs
are skyrocketing.

These are some headlines from the Wed, Thurs, and this morning:

Teco Coal officials announce layoffs
Momentive Inc plans temporary layoffs for 150
Wilkes-Barre officials to announce mandatory layoffs
600 layoffs at Groupon
More layoffs announced at Aniston Weapons Incinerator
Murray Energy confirms 150 layoffs at 3 subsidiaries
130 laid off in Minnesota dairy plant closure
Stanford brake plant to lay off 75
Turbocare, Oce to lay off more than 220 workers
ATI plans to lay off 172 workers in North Richland Hills
SpaceX claims its first victims as Rocketdyne lays off 100
Providence Journal lays off 23 full-time employees
CVPH lays off 17
New Energy lays off 40 employees
102 Utah miners laid off because of 'war on coal', company says
US Cellular drops Chicago, cuts 640 jobs
Career Education to cut 900 jobs, close 23 campuses
Vestas to cut 3,000 more jobs
First Energy to cut 400 jobs by 2016
Mine owner blames Obama for layoffs (54 fired last night)
Canceled program costs 115 jobs at Ohio air base
AMD trims Austin workforce - 400 jobs slashed
100 workers lose jobs as Caterpillar closes plant in Minnesota
Exide to lay off 150 workers
TE Connectivity to close Guilford plant, lay off 620
More Layoffs for Major Wind Company (3,000 jobs cut)
Cigna to lay off 1,300 workers worldwide
Ameridose to lay off hundreds of workers



Good thing I won't need my 401k anytime soon and that there is a great,
benevolent government to take care of me and all those who have been laid
off.

J

-

The private sector is doing fine. - Barack Obama

I will not rest until businesses are investing again and businesses are
hiring again and people have work again. - Barack Obama


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