Challenger, Gray & Christmas released their 2011 Year-End Job Cut Report & Economic Outlook report. While job cuts for December are down in comparison to November, -1.6%, or 41,785, layoffs still exceed 2010 by 31%.
Ouch!TPMcafe has a little piece on some Democrats, including one of my personal favs, Peter DeFazio, discussing Obama's economic policy advisers, especially chief economist Larry Summers.
DeFazio deemed it "very unfortunate" that former Clinton economic adviser Larry Summers has claimed a similar hold on Obama's ear. "Harvard had it right," the progressive Democrat quipped -- referring to the Ivy League university's jettisoning of Summers from its presidency in the wake of a scandal over his remarks on women's intellectual abilities.
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