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View Diary: NYT: Senate Dems seek one-year 'pause' in sequestration cuts as part of deal (164 comments)

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  •  I work for a tech company ... (0+ / 0-)

    We went through layoffs inspite of profits in 2012. If we cant meet revenue/profit targets then we'll layoff again.  And this is not greedy CEOs vs the Peons either.

    If the cuts happen in force (i.e., no agreement by March/April) then we'll definitely lose billions in defense contracts -- and no, we're not selling guns or battleships, just the millions of IT components that go along with it. Next, we'll also lose revenue in the Enterprise sector as other companies, e.g. Boeing, Lockheed, Hughes, Caterpillar and others cut back. We'll also lose revenue in the State and Local Govt sector as people lose jobs and states cancel contracts. We'll lose some more in the Education sector as there will be cuts there. And companies that sell stuff to us will lay off ... and so on.

    This is true whether I talk about Cisco, IBM, HP, Dell, Microsoft, Juniper, Hughes, Siemens, GE or a host of other tech companies -- if we're selling less stuff, then we need fewer people to make, market and sell stuff.

    I don't know whether Washington DC is in the "real world" or not ... But the CEO of every company that makes "stuff" is praying not to have a recession.

    And anyone whose salary comes in because other people spend money would also be wise to do the same.

    •  Stating obvious (0+ / 0-)

      things is not to the point of whether this was a good deal.

      It really comes down to whether you think the President could have done better in January.

      I think he could have,

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