Seeing this, the other whiz kids of industry followed suit and also laid off workers. They all watched their stock prices rise and a new craze of down-sizing ran the gamut. Everyone was happy except those unemployed workers. Whatever, they had nothing to lose anyway.
With the flow of income interrupted, these (foolish) laid off workers stopped consuming the products they once purchased. Although the profits continued, they were not at the level the CEOs expexted... HORRORS!!! However, instead of riding out these hard times and finding creative ways to keep people employed so they keep on purchasing; these brain dead wonders go back to the tried and true formula of downsizing again. Heaven forbid a quarter should go by where double digit profits did not occur.
With so many unemployed, the "Morons of Madison Avenue" can't figure out why the economy is slowing down; why people are not spending like they had been.
Hey dummy read my lips "unemployed workers don't have any money to spend". Try hiring some of them back and see the economy improve.
And to think I didn't charge a large consulting fee for this simple solution to such an overwhelming problem.
4 comments:
Hey, I know...we'll get the Fed to pring up a bunch of money and just send rebate checks to all those unemployed people. Sure, all that new money we print will make the dollar worth even less, but the unemployed will spend it and us CEO's will take another big cut of it, and then when all those people lose their posessions, we can use our cut to buy up their cars and houses and stocks for real cheap!
Look at the huge buisness that has been created in selling all those home that have been forclosed on.
You are so right, unemployed people do not have money to spend. Hiring them back will undoubtedly have a positive effect on the economy. The economic times we are in can be considered very scary for all. To think that the Euro, a relatively new currency, is worth more than the greenback is telling of America's position in the grand scheme of things.
Everything is starting to scare me in this country, and I am not one to scare easily.
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