

15% of its global workforce will be let go







Source: AMD

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RE: Yeah, right
By Mathos on 10/19/2012 2:30:14 PM , Rating: 2
Thats interesting. I grew up while Reagan was in office. I have a very long memory. The Democrats didn't take majority in both houses until late 2007, and didn't have a controlling majority until 2009 shortly after Obama was elected. And lets not forget, currently the Dems are the Minority party in the house. We have deadlock as far as getting anything, done, because the republicans in the house and senate refuse to work with anyone that isn't in their party.

Thats interesting, considering George H. W. Bush was in office before Clinton. Reagans economy was being propped up by the cold war. The fight the commies nationalism, was a major rallying call that kept our economy going. Unfortunately the cold war ended in 1991, half way through HW Bush's admin. Interestingly enough, what else began in 1991? Saddam Hussain invades Kuwait, ah now we have another enemy to rally against. Don't get me wrong, Desert storm was a necessary evil, if he'd been left to take Kuwait he could of devastated the entire region with those resources, and the wealth from that area.

Lets note that after then of the cold war, and subsequently, Desert Storm, the economy started to slow very quickly. We started to see the idea of "trickle down" economics as a hoax, it wasn't working. The economic booms in the early and mid 90s were due to the internet becoming usable by the public, after NSFNet was decommissioned in 1995. This caused the dotcom boom of the mid to late 90s. Not to mention, the major purpose of NAFTA was to remove tariffs on the import of OIL from Canada and Mexico, which is historically where we get most of our oil imports from. Which is what kept gas prices in control during the 90s in the US, the first period when price per barrel went over $90.

Now lets move forward to George W Bush. Shortly after taking office, we get hit by one of the worst terrorist attacks in modern US history. Note that terrorists have been around for a long time, and aren't just a recent development, the technology is just more advanced now. Ah, now we have another perceived enemy to distract us. Except, this one doesn't have a home nation, we can chase these around forever, taking out cell leader after cell leader. Now, lets talk about skyrocketing fuel prices, due to a combination of over extended military needs, back lash from attacking two arab nations, and Bush, encouraging Americans to show their patriotism by buying American made SUV's, light trucks, and heavy trucks, that was with a tax subsidy offered. Which drove up demand for Oil and gas even more. Ironic idea's coming from a Texas oil man. Throw in pushing Ethanol blending into Gas, to cut dependance on foreign oil. This was of course done with a subsidy to big corn growing companies. Worked OK until we're at our current problem. Corn prices skyrocket, inflating the price of Ethanol, animal feed stock, food, and food additives (high fructose CORN syrup). BTW, this whole ethanol boondoggle started before Obama ever took office. Haven't even brought up the housing bubble and collapse either. That one was created by completely unregulated banks, and predatory lending practices.

Everyone likes to romanticize the reagan era, but they don't look and see the truth of things. Much like Texans like to romanticize how Texas was so much better off before they joined the US. But, when you look back at Texas history, you realize the period when Texas was an independent republic, were the worst times in Texas history. And nice rating down my post before actually replying.


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