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Cisco lays off 6,500. Borders files bankruptcy and 15,000 employees must go look for other jobs. HSBC, a large bank, cuts 30,000 jobs worldwide, and forecasts another 25,000 job reduction by 2013. Those HSBC cuts represent 19% of its 296,000 employees worldwide. HP is next, I forecast, with job reductions in the thousands, most by early retirement, they may say. The banks are shedding people like wool from sheep. And BMWs are now being made in the USA.  

I have looked up and the sky is falling, or at least we are all starting to feel it. A close friend of mine is now paying $20,000 a year for medical insurance for a family of 3. He is a small business person that can hardly afford to pay more taxes, should they increase. 


Meanwhile, Obama has not given up his pilgrimage to the tax increase mecca.   On his way to mecca, he preaches the James Carvelle flawed mantra that "The wealthy should pay their fair share.” I told you Carvelle was dangerous. If you disagree with him/Obama, then you are subject to being accused of being un-American. Carvelle sets the conversation with a flawed premise, then repeats it until it appears true from self-dealing. He quotes himself as a source for his own statements. Unfortunately, it seems to work and the media loves him. He stirs the pot. Although it is contrary to and grates on my belief in American idealism, I wish the GOP had a Carvelle. Sometimes you have to fight fire with fire.