The American Jobs Act and its partial bill were defeated in the Senate due to a filibuster requirement by the Republicans. I know this is probably getting old, but, the Republicans are destroying this economy; for everyday the recovery is stalled the longer the recovery will take as the contraction becomes greater.
The CEO of Whirlpool is stating their overseas market was lackluster and contributing to missed projections he estimated. Really? How is it a quarter of missed stock prices is suddenly a reality that results in plant closings? Perhaps the CEO is more worried about his future job prospects with unhappy stockholders?
The longer it takes for the Senate Republicans to give up their filibuster obstructionism the longer the contraction of the economy will go on. Whirlpool lost 'market share' because of a jobless recovery. It will continue to loss market share with more and more unemployed even by its own hand. The more joblessness that exists, the more market share corporations will lose. Can't have one without the other.
Recession-Level Demand (click title to entry - thank you)
Demand for major appliances in the U.S., Whirlpool's largest market, has fallen back to the "recessionary levels" of 2009, Fettig said. Whirlpool's shipments in North America may drop as much as 5 percent this year, down from an original forecast of as much as a 2 percent gain, the company said....
