Tuesday 17 May 2011

Home Depot, a microcosm of the U.S. Economy: just hanging in there. Oh, and Boeing, under attack from Barack Obama's NLRB, and Unions.

Jai singh | 05:54 | | | | | | | |
From Clusterstock...
If you're looking for another microcosm of the entire economy, check out Home Depot earnings.
  • The company reported weak revenue, due to a weather induced "soft" Spring season (AKA the housing market still sucks).
  • But earnings still surpassed expectations, as the company took the hatchet to expenses.
  • And the company remains optimistic about the economy, without providing much justifications.
... You can see how sales declined year over year, but how gutting spending across the board led to the income boost.
Microcosm indeed. Hanging in there; whipping the bean counters to reduce every expense they can (human expense (aka 'paychecks') is already narrowed to keeping as few workers as possible to keep the motors running). Efficiency from the remaining employees is expected.

One thing with which you can credit Mr. Obama's presidency: by inducing this blanket of 'fear for the future' response from American businesses and corporations, they in turn have demanded CHANGE from most from their employees; ship up or risk joining the fat, dumb and happy masses receiving 'unending' government unemployment benefits. That's making these remaining American businesses stronger, leaner, and more adaptable and able to compete with each other and with competition from overseas (not that we'll see a Chinese lumber yard here anytime soon). This concept of stronger and smaller does not extend to some 'protected' industries, however.

The only employees shielded from this belt-tightening and the forced increased in efficiency are...you guessed it. Government employees and, to a somewhat lesser extent, employees belonging to labor unions. The worst and (still) 'laziest' 'protected' employees are public-sector union employees, working for Government. They are self-considered 'privileged', and want to be isolated and immune from any economic storms; they are not about to allow any sort of 'management' (whether it be the bean counters at Ford answering to stockholders or the Governor of Wisconsin, Scott Walker, answering to taxpayers) change the way they are compensated, be it short-term or after they've retired.

Now, we have Government (Barack Obama's NLRB) trying to force Boeing to fire a thousand non-union workers in South Carolina (a 'right-to-work' state, like Tennessee) because that new 787 Dreamliner final assembly plant there would be better for Obama if it were in Washington state (a Union stronghold), employing union thugs (a known and 'Community Organized' BHO - Democrat - Dirty Socialist voting bloc) . This cannot stand...

FOIA Request Filed to Disclose Political Motives Behind NLRB’s Attack on Boeing

Washington, DC May 16, 2011 – The National Right to Work Legal Defense Foundation filed a Freedom of Information Act FOIA disclosure request with the National Labor Relations Board NLRB on the heels of the agency’s recent announcement that it will prosecute airline manufacturer Boeing Corp.

If International Association of Machinists IAM union officials and the NLRB are successful, over 1,000 Boeing employees in South Carolina would be out of work as Boeing will be forced to relocate the aircraft assembly jobs to Washington State which lacks Right to Work protections for employees.
From the National Right to Work Legal Defense Foundation's press release...
“Once again the Obama Labor Board is putting union boss priorities ahead of the rights and well-being of individual employees,” said Mark Mix, President of National Right to Work. “If the NLRB succeeds in its prosecution of Boeing and Boeing is forced to move its production at the whim of IAM union bosses, over 1,000 jobs in South Carolina would be eliminated and a troubling precedent would be set.”

“In addition, the National Right to Work Foundation has ramped up its legal program to assist all current or prospective Boeing employees who could lose their jobs as a result of the NLRB’s aggressive posture toward independent-minded workers.”
Can't make this shit up.


Ann Rand was a prophetess.

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