Any job stimulus bill that gets passed by U.S. Congress will be much too little much too late.  That’s because the upcoming, publicly announced, layoffs will shut down nearly half a million jobs!

Chicago based Gray & Christmas Incorporated added up all the publicly announced future job layoffs, and it came to 480,000 jobs.  70% of those job cuts involve Bank of America and the U.S. Army.

Analysts say we ain’t seen nothin’ yet, not all layoffs are publicly announced in advance: “Bank of America is not the only bank still struggling in the wake of the housing collapse, and the military cutbacks are probably just the tip of the iceberg when it comes to federal spending cuts.”-John A. Challenger, CEO of Gray & Christmas

According to the Bloomberg article, it’s the biggest cuts in jobs in the past two years. A 212% increase from September 2010!

And don’t forget the intentional destruction of the U.S. Postal Service, by the U.S. Congress.  Happy upcoming Holidays!