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ATK cuts 12% of Utah work force
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Torres claims his #1 priority is the employees and their families. Wrong! His number one priority is his own skin. To keep that he has to make sure ATK has a quarterly profit and employees just cost money.
There is life after Thiokol. I use to work there before and after the Morton Thiokol split.
It was a great job and I loved working there, but other things are out there. OK, maybe now is not a great time to be job hunting, I agree!
Best of luck to you all!
Maybe it's time to find a NEW job....???
There a couple of problems here. Remember how Fox News and talk radio tried to blame the liberal press for a slowing economy by arguing bad news about the economy creates fear and fear slows buying?
As a leader you walk a fine line. I believe unemployment will hit around 11%. Without action it would have reached 14%.
There more bad news for employment. Companies are going to try to stay lean, some jobs aren't returning, those over 45 will be hit much harder I believe the new equilibrium be set at lower income levels.
The wealthy play and workers pay. The last expansion of the economy was fueled by low interest and credit. Both those fuels were consumed.
The stock market is a leading indicator. It shows investor's future confidence in the economy.
Lets help out these families find work to lighten the burdens..
Are you wrong. For you conservatives; a recession is a drop in demand. You can't study economics without studying the paradox of thrift. People and companies spend less during recessions further dropping demand. This deepens the recession workers get cut.
You sure reinforced my view of conservatives as being uneducated.
It was the government spending for WWII that ended the Great Depression.
I know not to expect a conservative to do any research. Lazy people would rather become parrots. Japan, Germany, France and China are all out of recession. China's economy will grow by 8% this year. How did these nations get out of recession?
Government stimulus spending is the answer.
ATK in Utah has no commercial enterprise - 100% government dependant.
Utah is too red in a blue federal congress to ever hope to win any big government contracts for the next 8 - 16 years.
Can't have your cake and eat it too.
However if we must have government to cut spending it does mean job losses, and it will be in large numbers. The biggest impact will be felt in the northern cities, however the taxes generated on incomes and spending will be felt state wide.
Utah is one of the few states where government is the largest employers with well paying jobs.
All the government entities are the largest employer in the state comprising of more that 25% of direct jobs and another 20%-30% of jobs dependent on government spending and purchasing. This is why government should be small and less invasive and controlling of our lives.
This puts a larger tax burden on the still working and further depressing the economy. For the state to show that Utahan's are paid well, they are now combining all incomes in a household to break the poverty income level jobs.
BTW - We will get out of the recession when our government stops the insane spending, thus, small business owners will begin to invest in products and people once again.
When Conservatives talk about cutting government spending, we are talking about entitlement programs, pork, government mandates, etc. We are not talking about defense spending, or infrastructure spending. If the contracts were up, they were up. People get laid off when contracts are fulfilled. Fact of life.
The United States of America once led the world in steel production, until Japan proved it could 'do-it-better.' But we didn't care. "We don't want no 'dirty' industry in this country. We'll make computers instead."
And we all know how that turned out. (I laugh when people talk about "green jobs," as if China and Japan won't take those away, too.)
Now our country has decided we don't need NASA...we don't need science, we don't need astronauts. And our children certainly don't need dreams.
Doesn't it seem odd that we tax payers can spend $50 billion to bail-out GM, $700 billion to bail-out bankers, and $800 billion to bail-out every congressman's pork project. Yet we can't come up with another $3 billion/year to keep our manned space flight program alive. NASA isn't even as important as Cash-for-Clunkers.
The reality is that the stimulus did NOTHING to stimulate anything but HUSSEIN's campaign contributors.
It was just a big pay-off at tax payer expense. Just redistributing the wealth.
For he a change he is keeping a campaign promise "just spreading the wealth around".
You fools who voted for this clown--you are either socialist or stupid. No wait, if you are one then you are the other too.
Get out of this country with your marxist philosphies!!!
Let's take a look..
1. Over 2 trillion have been spent in the stimulus and the budget but has unemployment declined? NO - IT HAS INCREASED (from 6% to 10%)! Let's see it has been about 6 months since the stimulus bill was passed so where is the money gone? Where is the actual stimulus on the economy? Why aren't businesses hiring and why do they continue to layoff? The answer is quite simple - there NEVER WAS AN ACTUAL STIMULUS bill - only a SPENDING BILL for far left liberal pork projects.
2. Obama continues to spend - now asked trillions for Obama-care and all this in a time when businesses are laying off because they are SCARED of new taxes that are coming to pay for all the spending.
the bottom line here is Obama is clueless with economics. Tax cuts for business would stimulate the economy for sure plus stop the layoffs but that isn't part of the OBama plan.
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Residents Get Chance At Stimulus Money
Stimulus Money Available For Low-Income, Homeless Detroit Residents
POSTED: Tuesday, October 6, 2009
UPDATED: 8:05 am EDT October 7, 2009
DETROIT -- Detroit's homeless and low-income residents have another opportunity for a chance at millions of stimulus dollars.
The money is available to help low-income residents from becoming homeless and homeless residents to find housing.
Thousands of people lined up Tuesday.
Some people in line falsely believed they were registering for $3,000 stimulus checks from the Obama Administration.
City officials told Local 4 that Detroit was granted $15 million to help residents pay bills and their rent or find temporary housing for the homeless."
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Well, we were warned about the redistribution of wealth!
Please do yourself a favor and read a well written and researched book entitled, "The 5,000 Year Leap." Interesting that liberals think they are the elite and educated lot.
Thank you FDR for teaching my father the virtues of conservatism via the Great Depression. Thank you Carter (and the rest of you BIG government, educated, liberals) for teaching me some of the same virtues during the "Great Recession" (late 70's - early 80's)...and thank you all back in Washington, and in state and local governments for helping my children learn the same truths today. Speaking of stimulus - where have you SEEN the stimulus spent todate? Resurfacing projects? What is the main ingredient used? What is it made of? Where is the $ going? Face it...big government serves no one but themselves and those who line their pockets.
I loved the 18 years I worked at Thiokol...I left on my own accord...yes there is life after Promontory (or Magna)...but the government's timing stinks. Let's bailout those who never learned that there is a "right to fail" and with that right comes YOUR RESPONSIBILITY. Most you guys have it right!
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