Obama’s new twenty page glossy arrives just after the final debate. Obama: “That’s how you build a strong, sustainable economy that has good middle-class jobs to offer.” Besides a lot of pictures it includes what Obama polices were and what they will be. Although far shorter than ObamaCare he does not anticipate it to be read either.
So far he talks about the path to his recovery, positions on education, energy, taxing the wealthy, and those manufacturing jobs, all the while holding up his new glossy.
That recovery, one must ask if better is really good. How is your job, job hunt, job opportunity after graduation?
The market is about futures so we looked at Q3 results;
1-S&P top 500: 27% of companies reported earnings below expectations
2-S&P top 500: 62% of companies reported revenue below expectations
What about some of the companies;
1-DOW: Closing 20 plants and laying off 2,400
2-Kimber-Clark: Closing 5 plants and laying off 1,500
3-DuPont: Cutting 1,500
Sources- DOW, Reuters
Large companies, Obama’s tax targets, cannot do it any longer. Most interesting, we found that more than half cited their problems to be in America.