Talk about being brain washed. An economist is calling on the Obama administration to enact a temporary national freeze in job cuts until an economic stimulus package takes hold.
Layoffs at America's largest companies are only weakening the economy at a perilous time, said Lawrence Chimerine, who was chairman of the economic firm WEFA Group and prior to that was manager of economic research at IBM Corp.
Chimerine is proposing that the White House call for a "national initiative" in which Corporate America would agree to temporarily put a freeze on further job cuts - probably for three or four months - which he says would allow the Obama stimulus package to take hold.
Chimerine spoke on a conference call this week supporting the Obama stimulus plan. He said he was "in the process" of raising his idea with Obama and his economic team.
The pace of layoffs at top companies since the beginning of the year has stunned economists.
Imagine that. Demand corporations act in the national interest.
We know they have the money. They are by no means broke.
Why not have a firing freeze? We are so brainwashed into now believing U.S. workers are simply disposable commodities the concept of demanding U.S. corporations pitch in and stop canning people is a concept which shocks the brain.
Oh, how United States has slid to the point where such a simple idea, that at one time was a major consideration of most United States employers on their own, is an alien concept.
Most of the ones doing layoffs
Actually don't have the money.
True, a few like Microsoft and Intel are doing so to protect their cash reserves, and should have a "firing" freeze both for permanent and contingent workers.
However, the majority were what I call "fake" businesses- running on 90 day corporate paper to make payroll, and counting on sales to pay back the corporate paper, with no real permanent investment behind them.
Those fake businesses are laying off because they either can't sell the corporate paper to the banks anymore, or they don't have the sales to pay it back.
And actually running a business on cash reserves, is an alien concept to those companies.
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Maximum jobs, not maximum profits.