JPMorgan Chase swings the ax at 19,000 jobs

Just another sign of the current administrations failures.

Funny thing is, main stream media aka MSNBC wouldn't even report something like this if the election was still on and unemployment numbers made a difference.

So much for these 19,000 souls.

This is just the beginning of a lame duck presidency.

First a couple of points,

1) With all 3 banks having double digit stock increases, how many shares have they sold at the peak?

2) What do they know if they plan on eliminating 19,000 jobs. Are we in for a major correction in the market?

3) While it sounds nice that the jobs lost will be through attrition, I guess we will have to add those to the jobs already lost to Asia.

4) Did they really pay back the taxpayers all the tarp money?

Every day it's the same Obama lovers whining about big bad corp America.  That jealous flavor that Obama has poisoned the Passionately Divided States of America with will never accomplish anything positive.  We experienced gridlock for 4 years from a leaderless Prez  that can only comprehend Robin Hood's "steal from the rich and give to the poor" theory.  His redistribution solutions taint every proposal he has.  Yet 51% voted for more gridlock, more stagnation, still no jobs, and 4 more years of unnecessary suffering.

We are way overdue on giving up on his foolish sophomoric approaches.  They are not solutions and never had a chance of working. 

It's really sad that a guy like Dimon is still working.  It's sad that that board of directors are still in their positions.  It's really sad that more average wage earners will pay for the mess that these

banks brought upon themselves and the country.  Add to that how sad it is that out bought and paid for politicians won't legislate cearer paths for banking, nor create laws that would jail the likes of Dimon and the other white colar thieves that are still working and building fortunes.