Anonymous
Anonymous asked in Politics & GovernmentPolitics · 1 decade ago

Eli Lilly cutting 5500 jobs. Did they not get the memo that the recession was over?

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  • Anonymous
    1 decade ago
    Favorite Answer

    Why do conservatives root against America?

    I know of no other word for such a person other than 'traitor'

  • 1 decade ago

    the recession is NOT over, the media is swing the public. The recession wasn't that bad, but the media made is seem like the financial world is ending and that resulted in a dramatic shrinkage in consumer spending, and then it's all down spiral from there.

    now the gov had spent some much money and have plenty of excuses to increase tax on the people for the next 500 years, they can now sway the media to say the economy is back in shape. Just so that they can take credit of 'fixing' the recession.

    not until employment rate is starting to pick up, and those reduced pay are back to a reasonable level, consumers won't start spending and the economy will not recover. The gov shot itself in the foot this time and not sure how to deal with it and who to blame.

  • 1 decade ago

    President Obama clearly said that the recession is not over. He very clearly said that there has been some improvement. His word has been backed up by many leading economists, including Nobel Laureate Paul Krugman.

    One could be led to believe that your question has a ring of sarcasm! Surely you do not believe that President Obama caused this recession, rather than following the advice of financial experts in instigating a Stimulus Package and a Bank Bailout to keep the financial structure, left to go hogwild by George W. Bush, from going into complete collapse?

    Our Treasury was looted by the Bush/Cheney War Machine, doing whatever it took to instigate a War in Iraq, when it was clear that the enemy lurked in Afghanistan. Believing in completely Free Trade, they sat silently as corporation after corporation fled to foreign lands, leaving Americans bereft. The huge banks were left to dine on a menu of greed, with the housing market, touted by Bush as the greatest sign of growth, even though it was based on a Ponzi scheme and went completely out of control.

    Eli Lilly cutting 5500 jobs is just another crumb from the Bush "Let 'Em Eat Cake" attitude toward working families. Let us hope that Obama can pick up the pieces that were left behind and can rebuild our nation into a semblance of our former Pre-Bush prosperity..

  • Anonymous
    1 decade ago

    Seeking to cut costs and bring new drugs to market more quickly as its best sellers lose patent protection, the drug maker Eli Lilly & Company said Monday that it would eliminate 5,500 jobs over two years and reorganize into five business units.

    http://www.nytimes.com/2009/09/15/business/15lilly...

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  • 1 decade ago

    1. Who told you the recession is over. Signs of a recovery coming earlier than expected are positive but that does not mean the recession is over

    2. Your own article states that these job cuts are about a reorganization- not in response to the recession.

  • Anonymous
    1 decade ago

    what is Eli Lilly?

    Sadly,

    it sounds to me that you and other repubs are smirking at the thought of our country failing under Obama, rather than wanting the best for the US. Remember-it has only been 9 months. 2012 is ways off. Sorry.

  • Anonymous
    1 decade ago

    As far as the US goes, the recession hasn't even started yet. It might not even be a recession, it might just be the end of the US.

    Just an FYI to everyone: The reason the US economy is failing is because the US can't compete while paying the wages it does. That means inevitable wage cuts and more jobs going abroad. It means the US is screwed. It's not the media or Bush or Obama, it's just the force of globalization. You can't maintain such wages for 300 million people while the rest of the Earth is now able to produce everything the US can at an eighth of the price.

  • 1 decade ago

    Name anyone who has claimed that the recession is over, then we'll talk.

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