the bulk of the losses this month came from the small and medium-sized businesses

[Gengar]

This must also be Bush's fault. We all know he's the Big Cat Corporate CEO puppet, and Obama is all about the "regular every-day average Joe"!

http://www.foxbusiness.com/story/private-sector-jobs--july-adp-says

According to ADP, the bulk of the losses this month came from the small and medium-sized businesses, instead of the large corporations. Large-sized companies cut 74,000 jobs in July in all sectors, while medium-sized companies, which are businesses with 50 to 499 employees, cut 159,000 jobs. Small business, those operations with fewer than 50 employees, cut 138,000 jobs last month.

Still waiting for all these jobs to be "saved or created", that Obama promised...

[Canadian Jane]

This must also be Bush's fault. We all know he's the Big Cat Corporate CEO puppet, and Obama is all about the "regular every-day average Joe"!

http://www.foxbusiness.com/story/private-sector-jobs--july-adp-says



Still waiting for all these jobs to be "saved or created", that Obama promised...


It should not be surprising that the small and medium sized businesses are the ones taking the hits.

The big corporations got plenty of bailout money - because they were "TOO BIG TO FAIL". :think:

[ThinkingMan]

Well it's time for them to be patriotic.

[mpodlesny]

how can this be....Joe Biden has been saying that the recession is over?

[ModerateVoice]

Well, when the nationalization is completed and all businesses are referred to as Washington-Mart, Obama will have realized his collectivist dream.

How unpatriotic to selfishly want to own your own business, you bourgeois capitalist piggies!!!

[ThinkingMan]

Time for a second stimulus. Or third, or fourth - what are we up to now?

[spinach]

the news is far worse than it appears on the surface.
small and medium size business is what drives the economy.
the corporations are generally the ones who take more of the rewards of a good economy.

See, a corporation can only make money if people buy the products.
the people can't buy if they aren't employed. [in small businesses].

the corporations also have the ability to fudge the balance sheets-
and to write off losses for a time. IOW, a corporation can stall bad news, while small business pretty much takes their hits right away.

The crash is about to hit the corporations as well.
Their "fudge time" is pretty much at a close.
commercial real estate defaults, credit card defaults, and other hits are coming this month.

We are in the "quiet before the storm" right now.
It's coming folks. And it's not gonna be pretty.
This news about small and medium business is just another major red flag warning.


The crisis itself is bad enough, but this isn't the worst part about the mess. The worst part about is the incompetent scumbags and filth that run the WH and the congress, that ensure that the crisis will be fatal.

[jimjames418]

It should not be surprising that the small and medium sized businesses are the ones taking the hits.

The big corporations got plenty of bailout money - because they were "TOO BIG TO FAIL". :think:
Like my son said, "They GIVE money to the Wall Street boys, but want to LOAN it to me. No thanks.". His business has gone from 10 employees down to just him.

[Gengar]

small and medium size business is what drives the economy.

Correct. Just wait until they are hit with the taxes Obama is forcing on us. It doesn't take much for a business of 50 to make $250k (or whatever "rich" is this week) a year.