Thread regarding GE Power layoffs

Who's laughing now?

I posted not long ago saying the economy is in a recession and there will be major layoffs, and of course was met by the ignorant mockers and scoffers.

Next time mockers, do some research before you open your mouths.

Oh and BTW, this isn't the end of it, not by far.

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Seeing as you have a thorough understanding of the economy, it might interest you to check out this article />

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I am stil Laughing thats WHO. I still have a job and savings.

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It's a mistake to call this a recession- companies are making record earnings. What's happening is outsourcing and automation are ramping up, eliminating more and more American jobs. So you'll have the stock market going up even though many are losing their jobs. Once the tax bill passes, this will just gain more steam.

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We're not in a recession dumb--s.

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Funny Fox News did not report the humongous layoff.

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Agree GE's situation is a result of poor management and not related to economy BUT take notice that as the rest of the world embraces renewable power and carbon reductions the USA is in total denial. Poor decisions within our government to take the lead in the next "Climate Friendly" industrial revolution will be a major facet of our next recession. GE is becoming the face of a reality quickly coming to the USA. Also...no one is talking about the countries that are not being impacted here (Asia, Mid-East)...cheap labor and land keeps costs low and fossil demand still high.

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I think we are in a bubble, and that bubble is about to burst. GE is an anomaly because they s*cked when everyone else was rising, but as a whole, things are about to come tumbling down for everyone.

And if GE couldn't hack it when times were good, how are they gonna fare now?

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The US economy is not in a recession. GE is in its current state due to many years of poor decisions and lack of foresight.

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