South Carolina Citizen Journal

January 26, 2009

Gresham Barrett editorial

Filed under: Economy, South Carolina, U.S. Congress — NotforHire @ 2:39 pm

Rep. Barrett’s editorial today states that the economy is now stabilized.

The Financial Times reports today that Caterpillar will lay off 20,000, Sprint/Nextel 8,000, Home Depot 7,000, and General Motors 2,000. Pfizer(after acquiring Wyeth) will lay off 19,000, 15% of the combined workforce.

I suggest to Rep. Gresham Barrett, of the 3rd congressional district of South Carolina, that he could be slightly off base in his analysis of our current economic situation.

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