Corporate profits soar (The Private Sector IS Doing Fine)

[There Is No Spoon]

The economic recovery has been sluggish for U.S. workers, but that is not the case for corporate profits. The result is a gap in income inequality that has not been seen in America since the Great Depression of the 1930s. Is this due to a failure on the part of the government to promote fairness, or is capitalism and government hopelessly broken?

On Friday, the latest jobs report showed that job creation is not keeping up with demand. Part of the reason may be because businesses have no reason to hire workers, since this would cut into their staggering post-recovery profit margins.

Time said, "According to a study by researchers at Northeastern University, during the first nine months of the recovery, pretax corporate profits rose by $388 billion while total wages and salaries rose by only $68 billion. Of the total, therefore, corporate profits received 85%." The study adds, "By contrast, in four previous recoveries since 1980, the share going to corporate profits averaged just 19%. As a result, corporate profits are now at their highest level since World War II."

...

http://www.allvoices.com/contributed-new...l-struggle

Hey Republicans, where are the jobs? Oh, you're on vacation in Congress AGAIN this week? Republicans DON'T WANT people to get jobs, and corporations are ensuing that we're not going to get those jobs.

[Leaning Right]

I think I heard that they are still lower than they were in 2006, though.

[jaxx]

Corporate profits highest since WWll.....yes, the private sector is doing fine. They are sitting on their $$ hoping to stall the economy.
How rotten can they get?

[Leaning Right]

(06-09-2012 07:55 AM)jaxx Wrote:  Corporate profits highest since WWll.....yes, the private sector is doing fine. They are sitting on their $$ hoping to stall the economy.
How rotten can they get?

I think you're correct. The article I found was written in 2011.

On the "sitting on their $$, hoping to stall the economy," I hope you're wrong. To pull such a blatantly political move that results in disastrous consequences for citizens and the nation as a whole, would be unconscionable.

I do think, however, that there are many other factors in play that are still dragging down our economy.

I think we have a lot of work ahead of us - but I think we're moving up steadily, despite this small burp we just experienced. I think the big picture shows steady recovery.

[jaxx]

Fri Jun 08, 2012 at 08:15 AM PDT
Eric Cantor, Paul Ryan & Kevin McCarthy: Plot To Sabotage US Economy with Frank Luntz
by keepemhonest

On January 20, 2009 Republican Leaders in Congress literally plotted to sabotage and undermine U.S. Economy during President Obama's Inauguration.

Quote:The Guest List:
Frank Luntz - GOP Minister of Propaganda
Rep. Paul Ryan (R-WI)
Rep. Eric Cantor (R-VA)
Rep. Kevin McCarthy (R-CA),
Rep. Pete Sessions (R-TX),
Rep. Jeb Hensarling (R-TX),
Rep. Pete Hoekstra (R-MI)
Rep. Dan Lungren (R-CA),
Sen. Jim DeMint (SC-R),
Sen. Jon Kyl (AZ-R),
Sen. Tom Coburn (OK-R),
Sen. John Ensign (NV-R) and
Sen. Bob Corker (TN-R).

Non-lawmakers present Newt Gingrich

During the four hour meeting:
The senior GOP members plotted to bring Congress to a standstill regardless how much it would hurt the American Economy by pledging to obstruct and block President Obama on all legislation.

These Republican members of Congress were not simply airing their complaints regarding the other party's political platform for four long hours. No, these Republican Congressional Policymakers, who were elected to do 'the People's work' were literally plotting to sabotage, undermine and destroy the U.S. Economy.

http://www.dailykos.com/story/2012/06/08...rank-Luntz

We can't be reminded of this often enough. The GOP will take down the country in order to get President Obama out of office. This is the main factor in play to hurt the economy.

[Leaning Right]

See now, that doesn't really surprise me. I don't like politicians as general rule anyway, but I really dislike their partisan games.

What I'm hoping isn't happening is that large corporations are purposefully not expanding and hiring just to skew the employment numbers.

I think you're right that GOPers will try to undermine Obama. But, that's not new news. It happens by the opposing party during all president's terms. It's a true shame.

Perhaps the worst case (and I'm a GOPer) was when B. Clinton was targeted and impeached. Crap beyond belief. The religious right, which I staunchly oppose, turned that into a fiasco that made all Republicans look bad.

It's escalated since then. We're more divided today than we've been in decades.

I try not to take part in that. I try to discuss and respond to each person respectfully, whether or not I agree with their views. I think we all deserve to be treated respectfully. And frankly, this partisan division concerns me.

[jaxx]

I have to tell you that this meeting and the subsequent obstruction did surprise me. The idea that the opposing party would intentionally try to hurt this country is beyond reason. Hurt the other party's people, sure it's done constantly. But to put the country in further jeopardy in the deepest recession since the depression......that is insane. The people don't matter to the GOP or they would be trying to help them instead of causing more unemployment and hardship.

When McConnell stood in the Senate and said the GOP's only objective was to make President Obama a one-term president......he told the people to go to hell.

[There Is No Spoon]

(06-09-2012 08:49 AM)Leaning Right Wrote:  See now, that doesn't really surprise me. I don't like politicians as general rule anyway, but I really dislike their partisan games.

What I'm hoping isn't happening is that large corporations are purposefully not expanding and hiring just to skew the employment numbers.

I think you're right that GOPers will try to undermine Obama. But, that's not new news. It happens by the opposing party during all president's terms. It's a true shame.

Perhaps the worst case (and I'm a GOPer) was when B. Clinton was targeted and impeached. Crap beyond belief. The religious right, which I staunchly oppose, turned that into a fiasco that made all Republicans look bad.

It's escalated since then. We're more divided today than we've been in decades.

I try not to take part in that. I try to discuss and respond to each person respectfully, whether or not I agree with their views. I think we all deserve to be treated respectfully. And frankly, this partisan division concerns me.

You'll get no argument from me. I understand partisanship but it's being taken to absurd extremes of late, lead by the republicans. They seen to want to take it to the level of civil unrest for some reason - pure self-destructive idiocy in my opinion.