Job cuts announced today:
Caterpillar: nearly 20,000
Home Depot: 7,000
Texas Instruments: 1800
Obama's inauguration was a week ago tomorrow. Do you guys get the feeling that the economy's downward spiral is, in part, a response to Obama becoming president?
(didn't the CEO of Home Depot say that supporters of Al Franken in Minnesota should be shot?)
...and do you get the feeling that the economy may have started reacting to an Obama presidency as early as September? (when it was becoming clear that McCain wouldn't be the next president)
Caterpillar. Home Depot. These sound like companies that would prefer a Republican in the White House, and that might have a more optimistic "economic forecast" if a Republican was in the White House.
None of the companies listed above is in the financial sector. Hmmm?
(although to be fair, Home Depot sells a lot of home building products, so without a housing bubble, it's business would likely suffer)