Obama said we need to stimulate the economy from the bottom-up, not a trickle-down like McCain's plan. It's a nice idea in theory but realistically killing jobs at the top to make room for jobs at the bottom in actuality kills jobs for those in the middle-- like me. The layoffs at Microsoft and Boeing are going to put me out of a job because those "evil rich people" provide me with a job as a nanny. I can't make a living by working for someone who makes minimum wage.
Apparently Obama's success is our failure.
It's already been a lousy year for workers less than a month into 2009 and there's no relief in sight. Tens of thousands of fresh layoffs were announced Monday and more companies are expected to cut payrolls in the months ahead.
The recession, which started in December 2007, and is expected to stretch into this year, has been a job killer. The economy lost 2.6 million jobs last year, the most since 1945. The unemployment rate jumped to 7.2 percent in December, the highest in 16 years, and is expected to keep climbing.