Announced U.S. Job Cuts Rise 212% From Year Ago, Challenger Says

More bad employment news--just enough to get the Plunge Protection Team to gin up the SP500 futures.  And more reason for Blackhawk Ben to implement QE 3.0.

All half-kidding aside, the blogosphere has rejected the economic cheerleading from the status quo for several years.  Now that the financial elite and complicit media have submitted to the dark truth, rest assured they will put to good use the ongoing financial crisis. 

http://www.businessweek.com/news/2011-10-05/announced-u-s-job-cuts-rise-212-from-year-ago-challenger-says.html