According to CNBC 30% of management is to be layed off in their defense business. As there are no jobs to go to in America these individuals will immediately become wards of the state. Unemployment insurance, Free Obamacare, and an American economy that is about to contract in post Vietnam fashion. ASEI will not be spared!
When the troops withdraw and come home unemployment will increase to 10% to 12%.......
The good years for America are behind it. It's over!!!
Once JP Morgan and Goldman Sachs place their downside bets to cull hundreds of billions of $$, someone like AJ Cohen will announce that the weakness in Europe coupled with the uncertainty, higher tax structure, and lack of consumer confidence will have a negative growth prospect for the US economy.