It's another moment in history, when wise men of capitalism must explain the workings of free enterprise to dumbbells who think it's not a good thing for the country when a lot of people are out of work.
Concerning the stock market nosedive, the wise men of capitalism said that a Labor Department report that 705,000 Americans found new jobs in February was actually bad news for the stock market. It might be another sign of an improving economy, the wise men said mysteriously, and maybe - not certainly, but maybe - it was a sign of inflation.For all the fictions spread to suggest it's individual investors who are influenced by some piece of news - like a drop in the rate of unemployment - and drive the market up or down, it's actually cold-blooded managers who do that and reap enormous profits from it.
The longer range project for the wise men of capitalism is to keep explaining the greater good of corporate "downsizing" and how the firing of employees by the tens of thousands makes us a better nation in a stronger economy.
It's a machine that tells you to push this button and that button and, after long waits and canned music, the machine is liable to leave you disconnected with no answer to the same question you called with a half-hour ago.
If that's an example of short-term corporate downsizing, it's also an example of long-term corporate dumb.