Record Profits, but Record Unemployment
 

Nothing is trickling down.
http://www.csmonitor.com/Business/Ro...trickling-down
Profits have soared for seven consecutive quarters, but sky-high unemployment has remained essentially unchanged for the past year.

it will continue to get worse. :2 cents:

Extremely misleading because those numbers are not adjusted for inflation.

And the economy is not growing fast enough for extra hiring to kick in.

http://www.nytimes.com/2010/11/24/bu...my/24econ.html

You mean the wealthy dont want to redistribute their wealth? No fucking way.

If only there'd been some clues.

Wrong again lol

The fact is most companies got rid of useless do nothing employees like the 99ers. Now they have companies that can function better and they are rewarding those who actually work, not protest for more free shit.

"99ers" is a term used to describe americans who've been out of work for over 2 years and have exhausted their unemployment benefits.

You can keep quoting that same line, but it says the same thing. Record profits. Check. Record Unemployment. Check.

Yeah, that's must be what it is. If we give the millionaires and billionaires some more tax cuts, THEN the jobs will come back.

I was speaking of these 99ers

http://american99ersunion.yolasite.com/

And taxing them will get jobs back? :1orglaugh

yes, do not believe a rhodes scholar and someone who's education, career and life is centered around economic policy, believe a gfy poster named itestyourgirls

Slow down confused one. This isn't a pro-tax issue, but don't even bother trying to suggest that tax cuts will trickle down and create jobs. Obviously, it won't.

So Obama's policies have failed? Thats sad.

Fact is wages rose in the third quarter. Fact is that is trickle down economics. Most economist agree that the economy is not growing fast enough for hiring to happen at a fast pace.

Wasn't that the Obama and democrat motto before the 2010 elections "a jobless recovery"? Well that is what is happening no?

Actually, yes, it probably would. Tax them a bit more, and put that money into small business grants & funding.

http://www.nytimes.com/2010/11/24/bu...econ.html?_r=1

Yes, Obama is all about the trickle down economics. Have you always been this dumb?

when i heard that realized america, and the west of the west in for a rough patch.

In order to actually prove anything different regarding inflation, you'll have to provide the data to show that the past seven quarters have not actually provided record profits. Do that first, then get back to us.

Last summer was Obama's summer of recovery. He said so. Have you not been paying attention? He thought he had the right policies in place to have a recovery. Im agreeing to a point, it looks like things are getting better. We are having a jobless recovery just like he said.

In the third quarter of 2010 wages rose. And tax cuts have been in place since... 2001.

lets party

For the company, all that matters is more profits. It doesn't matter if 100 employees, 50 employees or zero employees were used. Machine labor can be substituted for human labor. It's often the case that a company is praised in the newspapers for "creating more jobs." I suppose it's good for humanity to have less unemployment.

Can you wait about 20 years til I get my job back first? I can't really afford to party right now.

"But nothing is trickling down to the Average Worker economy. Job growth is still anemic. At October?s rate of only 50,000 new private-sector jobs, unemployment won?t get down to pre-recession levels for twenty years. And almost half of October?s new jobs were in temporary help."

Damn I did not know Obama's policies failed that badly :(. I was starting to think we were in a recovery.

So in your opinion, record profits for 7 quarters means failed policy? Now you're anti-corporation?

this has nothing to do with the right-left puppet show. same trends would be happening if jesus was in office.

jesus is busy standing in the bread line.

Record profits would be cheered if it were the "right" but since the "left" is in office it becomes failed policy. Go figure. :1orglaugh

No I think record profits are just fine and think that Obamas polices may have worked and the economy is gaining ground. Time will tell.

But you sound like people spending money and becoming productive is a bad thing and we are all doomed.


Answer me this. Are we in a jobless recovery like Obama said or are we all doomed like the article says? You are playing both sides of the fence.

That's your problem. Quit worrying about the side of the fence, and look at the actual situation. Record profit is great. Record unemployment isn't. The trickling down part isn't working, so using it as some magical solution isn't cutting it.

from the very article you link:

re-stated, you CANNOT adjust this taking into account inflation and it's never been that way.

Trickle down is working. Wages are going up. The economy is not growing fast enough to hire more so they pay their employees more. It is basic economics.

the rich arent going to do anything noble with their tax cuts

hell alot of rich ass people fired a wack load of people then went out and bought a new high end car...lol

tax them more, so they are forced to spend more in tax deductible things..like salaries

Did that car create its own parts, build itself, store itself, ship itself, placed in a showroom by itself, sold by itself, insured by itself, buy gas itself, buy oil itself or did people need to pay people to do that for it?

Wow. I give up with you. :1orglaugh

Tell me where Im wrong. You cant. Oddly enough Obama is agreeing with what I am saying :1orglaugh

it wasnt made in america...and no money went to the american people when it got bought

maybe the sales guy made some cash..he bought his friends some drinks at a bar that night

Well that sucks. Funniest thing I have ever seen was someone with a "Buy Local" sticker on their brand new foreign car. :1orglaugh :Oh crap

I worked for a Fortune 500 Pharma company many years ago and it was amazing at how little any one did.

Comapnies are making workers do the work of two or three people that were laid off.
Companies are firing long time workers to hire the new starting wage people and no health care for a year.

I have a Friend at a line job, they had 5 workers on the line, now they have 2 with the same amount of work being done.

Companies are scared to hire, not knowing what is going on with this forced health care.
These companies are having record profits, and holding onto this money, not hiring anyone.

There are jobs out there, not for everyone and not in all parts of the USA. My local newspaper has 3 pages of help wanted, but most are min wage jobs, so people who were making 18+ an hour, make more than that on unemployment or make the same as min wage without having to work.

2+ years on unemployment is stupid.... Hell one year. Pack up the kids, get in the covered wagon and relocate.

I wonder if businesses have learned that they no longer need a huge staff to stay in business - why have a staff of ten when you can run lean on six and still get everything done?

My local newspaper was like that - They put out a thin weekly newsletter and then put their news on their website.... They had a staff of ten, and in the past two years they've slimmed down to five peeps - most of which are now part time.

S-T-I-M-U-L-U-S+Artificial Growth+no adjustment for inflation=misleading numbers. How do you people not understand this?

http://bilbo.economicoutlook.net/blo...tivity_gap.jpg

http://static.seekingalpha.com/uploa...-Lounsbury.png

http://www.nakedcapitalism.com/wp-co...Picture-48.pngGod Damn Amerikkka

http://static.businessinsider.com/im...h-gap-grow.jpg