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First recorded activity by BoatBanter: Jul 2006
Posts: 1,445
Default More great economic news


"hk" wrote in message
. ..



Oh? Did the bank in the news clip you like add 6000 jobs? Because that's
the number Wachovia cut.



Obviously, I am encouraged by the fact that not *all* of the big banks are
in serious trouble.
The loss of jobs is unfortunate, but it's part of our capitalistic system,
the same system that also creates jobs.

Your philosophy of corporations "owing" people jobs is admirable, but
unrealistic in our system. Survival and stockholders equity come first.

Overall, it has worked very well over the years, but is certainly subject to
ups and downs.

Now don't get excited .... just another POV.

Eisboch





 
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