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lniles, why do you think the laid off engineers and techies will be able to find work quickly here in San Diego? Were you speaking tongue-in-cheek?
Look at these weak March through May employment figures for San Diego; a steady downward trend in the seasonally adjusted figures:
http://data.bls.gov/PDQ/servlet/SurveyOutputServlet;jsessionid=f0301c88bfa0$09r$3F$
The end is here.