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Obama's approval rating takes another hit...
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<blockquote data-quote="Babagounj" data-source="post: 859730" data-attributes="member: 12952"><p>Return of Mass Layoffs a Grim Sign for U.S. Workers</p><p></p><p>Putting pressure on an already lousy job market, the mass layoff is making a comeback. In the past week, Cisco, Lockheed Martin and Borders announced a combined 23,000 in job cuts.</p><p>Meanwhile, state and local governments have cut 142,000 jobs this year, <a href="http://online.wsj.com/article/SB10001424053111903461104576458322987900468.html?mod=ITP_pageone_0" target="_blank">The WSJ reports</a>, and Wall Street is braced for another round of cutbacks. This week, Goldman Sachs announced plans to let go 1000 fixed-income traders.</p><p></p><p>Gov. Deval Patrick doubts high jobless rate will cost Obama his job</p><p></p><p>“I don’t think that any economic indicator will determine who the next president is,” Patrick told the Herald. “I think the economy is incredibly important, but I think it’s most important that people realize that this president has a plan for investing in our growth.”</p></blockquote><p></p>
[QUOTE="Babagounj, post: 859730, member: 12952"] Return of Mass Layoffs a Grim Sign for U.S. Workers Putting pressure on an already lousy job market, the mass layoff is making a comeback. In the past week, Cisco, Lockheed Martin and Borders announced a combined 23,000 in job cuts. Meanwhile, state and local governments have cut 142,000 jobs this year, [URL='http://online.wsj.com/article/SB10001424053111903461104576458322987900468.html?mod=ITP_pageone_0']The WSJ reports[/URL], and Wall Street is braced for another round of cutbacks. This week, Goldman Sachs announced plans to let go 1000 fixed-income traders. Gov. Deval Patrick doubts high jobless rate will cost Obama his job “I don’t think that any economic indicator will determine who the next president is,” Patrick told the Herald. “I think the economy is incredibly important, but I think it’s most important that people realize that this president has a plan for investing in our growth.” [/QUOTE]
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