"To announce that there must be no criticism of the president, or that we are to stand by the president, right or wrong, is not only unpatriotic and servile, but is morally treasonable to the American public." Theodore Roosevelt
The U.S. auto and retail sectors slashed tens of thousands of jobs in June, bringing the number of planned job cuts to 110,996, the highest in 17 months, according to outplacement firm Challenger Gray & Christmas Inc. Corporate announcements of job reductions increased 35% from May's 82,282, and were up 73% from June 2004's 64,343, Challenger said Wednesday. Cuts are up 92% since April. So far in 2005, planned job reductions are up 14% year-to-date to 538,274. The automotive sector announced 45,378 job cuts in June, while the retail sector axed 24,065.