With the latest news of job cuts in America, it is pretty obvious how CEO's deal with economic slowdown: They fire people. Now, do you still want a CEO for President? You can't fire citizens when things go bad and that is their biggest ace in the hole when running a company. "Oh no, the company can't afford to pay me my 300 grand? Well we better cut a couple thousand jobs." Notice how taking a pay cut is never in their business plan.And here is where the numbers get fudged . When all these recently laid-off and fired people file for unemployment the unemployment rate in America rises.
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