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(The New York Times)   Don't worry citizens, everything is in order. Corporate profits are at an all-time high   (nytimes.com) divider line 68
    More: Cool, account of profits, Ford Motor Company, incomes policy, employee benefits, advanced economies, Model T, American middle class  
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1952 clicks; posted to Business » on 03 Sep 2012 at 10:42 AM (2 years ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2012-09-03 10:22:19 AM
Of course, they are job creatin' with all that liquid capital, aren't they? Probably need to lower corp tax rates, right?

Failed economic religion is failed.
 
2012-09-03 10:51:20 AM
B... b... but tax cuts?
 
2012-09-03 10:52:06 AM
Doesn't do the middle/lower class any good if the money doesn't circulate back into the economy via purchasing goods and services.
 
2012-09-03 11:07:09 AM
Under Obama, it has been a great time to be rich. Poor or Middle class, not so much.
 
2012-09-03 11:08:29 AM

Nemo's Brother: Under Obama, it has been a great time to be rich. Poor or Middle class, not so much.


Yeah cause incomes didn't start stagnating until Obama showed up.
 
2012-09-03 11:14:45 AM
It's kinda odd how everyone says 'we want jobs'. Jobs by their very nature exploit the workers. If the company doesn't make money (profit) off of the work of its laborers, it must fire them.
 
2012-09-03 11:18:48 AM

moefuggenbrew: It's kinda odd how everyone says 'we want jobs'. Jobs by their very nature exploit the workers. If the company doesn't make money (profit) off of the work of its laborers, it must fire them.


And your point?
 
2012-09-03 11:20:38 AM
Phew, I was worried. I am just thankful for outsourcing, so that companies can not hire Americans and then pay people overseas slave-labor prices in order to maximize profit.
 
2012-09-03 11:22:45 AM
i.qkme.me

What's to worry about --- lots of people are doing great!
 
2012-09-03 11:26:00 AM
What's that? Corporate profits are up, but there's no trickle-down effect?
 
2012-09-03 11:34:49 AM

moefuggenbrew: It's kinda odd how everyone says 'we want jobs'. Jobs by their very nature exploit the workers. If the company doesn't make money (profit) off of the work of its laborers, it must fire them.


It doesn't have to make money off its workers anymore. That's why we're raising the tax burden on the poor while lowering it on the rich. Give the companies more money without having that pesky "purchasing goods and services" middle-man in the way. The government's just trying to make things more efficient.
 
2012-09-03 11:39:30 AM
Cue the Dilbert strip of the PHB talking to his workers, which went something like this

"First, I'm pleased to announce that the company has had a record year for profits"
"Second, due to poor economic conditions we will be unable to offer any raises this year"
"Wait- I was supposed to announce the United Way fund drive between those..."
 
2012-09-03 11:55:21 AM

Nemo's Brother: Under Obama, it has been a great time to be rich. Poor or Middle class, not so much.


Well, as a backer of the GOP agenda it's good to know that you'll be voting for Obama.
 
2012-09-03 12:08:21 PM

WhyteRaven74: Nemo's Brother: Under Obama, it has been a great time to be rich. Poor or Middle class, not so much.

Yeah cause incomes didn't start stagnating until Obama showed up.


But since we approved his stimulus package, it drove unemployment way down, just like he promised.
 
2012-09-03 12:24:29 PM

RickN99: But since we approved his stimulus package, it drove unemployment way down,


Yes the unemployment rate is the president's fault, how about blaming the people who created the mess, you know, the private sector? They could fix it in a matter of months.
 
2012-09-03 12:38:42 PM
Americans will eventually do the right thing, but they will try everything else first.
 
2012-09-03 12:41:26 PM
If corporations are people, they are sociopaths with no conscience.

It easy to justify damage to the social and moral fabric of society for the participants (i.e. employees) because everyone is "just doing their job" and no one need feel the guilt of their actions.

Even in the abstract, the mantra "socialize losses, privatize profits" is the new was of doing business and its tearing our societies apart.
 
2012-09-03 12:54:13 PM
But they are talking about back in the day when you went to work for someone and could expect good benefits and living wages and had a job for life if you wanted it. Also the "middle class" was the working class and they were mostly tradesmen, and only one of the parents had to work to survive.
I can see a resurgence of unions in the near future because of the conditions the working class have to deal with.
 
2012-09-03 12:57:43 PM

cig-mkr: I can see a resurgence of unions in the near future because of the conditions the working class have to deal with.


Probably why the right-wing is trying everything it can to kill as many of them as possible right now.
 
2012-09-03 01:08:55 PM
Some people have a very interesting worldview. Corporations are evil and must be reined in as long as they're successful and making money. When a company starts losing money then suddenly it's the endangered source of jobs and must be subsidized, coddled, and bailed out. In short, some people love losers.
 
2012-09-03 01:15:34 PM

jjorsett: Corporations are evil and must be reined in as long as they're successful and making money. When a company starts losing money then suddenly it's the endangered source of jobs and must be subsidized, coddled, and bailed out. In short, some people love losers.


Way to totally miss the point.
 
2012-09-03 01:46:37 PM
Corporations aren't a jobs program or an economy booster. They're around to raise maximum cash, for their own good. People are on their own.
 
2012-09-03 02:26:33 PM

moefuggenbrew: It's kinda odd how everyone says 'we want jobs'. Jobs by their very nature exploit the workers. If the company doesn't make money (profit) off of the work of its laborers, it must fire them.


That goes both ways. If I don't feel I'm better off because of my job, I find another job. That's the nature of any transaction, whether it's goods for cash, such as buying an item for your home, or services for goods, such as work for money. The transaction takes place if both parties feel enriched by the trade. I wouldn't call that taking advantage or exploitative.
 
2012-09-03 02:43:51 PM

jjorsett: Some people have a very interesting worldview. Corporations are evil and must be reined in as long as they're successful and making money. When a company starts losing money then suddenly it's the endangered source of jobs and must be subsidized, coddled, and bailed out. In short, some people love losers.


Or, the larger your corporation becomes, the more of a responsibility it has, and the more of a debt it owes, to the infrastructure that made it that way. Then again, that infrastructure doesn't really exist, does it? You just made all that wealth out of thin air by waving a magic wand. You Built It, after all.
 
2012-09-03 02:46:37 PM

johnnyrocket: Corporations aren't a jobs program or an economy booster. They're around to raise maximum cash, for their own good. People are on their own.


If only there was some group, perhaps elected by all the people in a given geographic area, that could act on their behalf to protect their rights and property. They could enact controls and rules on these corporations to ensure that their self-interest does not harm the societies in which they operate.

Unfortunately, I know of no suck group. :(
 
2012-09-03 03:01:02 PM
Someone should install a guillotine in the middle of night in Wall Street. And when they say something that just irks of greed, lift the the blade ever so slightly (also in the middle of the night).
 
2012-09-03 03:18:52 PM

CygnusDarius: Someone should install a guillotine in the middle of night in Wall Street. And when they say something that just irks of greed, lift the the blade ever so slightly (also in the middle of the night).


So, what you're really trying to say is that you hate the increased value of your 401(k)?
 
2012-09-03 03:20:53 PM

nmemkha: johnnyrocket: Corporations aren't a jobs program or an economy booster. They're around to raise maximum cash, for their own good. People are on their own.

If only there was some group, perhaps elected by all the people in a given geographic area, that could act on their behalf to protect their rights and property. They could enact controls and rules on these corporations to ensure that their self-interest does not harm the societies in which they operate.

Unfortunately, I know of no suck group. :(


I'm pretty sure Congress qualifies as a suck group.
 
2012-09-03 03:22:13 PM

WhyteRaven74: RickN99: But since we approved his stimulus package, it drove unemployment way down,

Yes the unemployment rate is the president's fault, how about blaming the people who created the mess, you know, the private sector? They could fix it in a matter of months.



images4.wikia.nocookie.net
"Ha ha... they're still blaming the private sector!!!
P.T. Barnum was right."
 
2012-09-03 03:43:05 PM

DrPainMD: CygnusDarius: Someone should install a guillotine in the middle of night in Wall Street. And when they say something that just irks of greed, lift the the blade ever so slightly (also in the middle of the night).

So, what you're really trying to say is that you hate the increased value of your 401(k)?


No, but I really like my guillotine idea.
 
2012-09-03 04:05:14 PM
Keep shopping at these big box stores for everything, where 78% of every dollar you spend there leaves the area.
 
2012-09-03 04:21:14 PM

DrPainMD: WhyteRaven74: RickN99: But since we approved his stimulus package, it drove unemployment way down,

Yes the unemployment rate is the president's fault, how about blaming the people who created the mess, you know, the private sector? They could fix it in a matter of months.


[images4.wikia.nocookie.net image 320x242]
"Ha ha... they're still blaming the private sector!!!
P.T. Barnum was right."


Yup, all the stuff we've since seen from inside places like Goldman in the form of memos about how they were intentionally setting clients up with investments they theyselves were betting to fail doesn't exist. They had no idea that they were creating a pyramid of lies with the intention of taking as much as possible before the pyramid collapsed. In no way were they knowingly offering mortgages on McMansions to people who shouldn't have qualified to put a purchase on layaway at Walmart and firing anyone who suggested otherwise. No, the banks are pure and innocent as fresh snowfall.

If only we had some previous examples of how unregulated banking is unstable and ends up creating a massive depression every so often? Hang on, 2008 and 1929 and 1873 are calling... They're all saying there's a reason that commercial and investment banks should be separate.
 
2012-09-03 05:21:28 PM

johnnyrocket: Corporations aren't a jobs program or an economy booster


If they're not boosting the economy, then they're just farking themselves over.

DrPainMD: images4.wikia.nocookie.net


How is the private sector not at fault for the unemployment rate?
 
2012-09-03 05:23:27 PM
If I was the governor of the state Caterpillar is incorporated in I'd give the CEO a call and say "That's a nice corporate charter you've got there, be a shame if anything happened to it".
 
2012-09-03 05:23:46 PM

WhyteRaven74: johnnyrocket: Corporations aren't a jobs program or an economy booster

If they're not boosting the economy, then they're just farking themselves over.

DrPainMD: images4.wikia.nocookie.net

How is the private sector not at fault for the unemployment rate?


It's just not. Don't you understand that, libtard?
 
2012-09-03 05:58:39 PM
This is what it's like to live in the middle of failed capitalism

Everyday you wake up to news of more failure, decay and rot.

Now go turn on your TV and lap up the corporate swill that tells you how this is the best possible economic system
 
2012-09-03 06:03:27 PM

johnnyrocket: Corporations aren't a jobs program or an economy booster. They're around to raise maximum cash, for their own good. People are on their own.


Yep.

Corporations, which our society are built around, have the same motivations as psychos. Gee i wonder why everything is falling apart.
 
2012-09-03 06:30:22 PM

Goimir: Keep shopping at these big box stores for everything, where 78% of every dollar you spend there leaves the area.


Too late. The big boxes have already killed the little guys.
 
2012-09-03 07:15:32 PM
It seems like everyone on Fark has enough money for high speed internet and decent computers.
 
2012-09-03 07:38:43 PM

Cthulhu_is_my_homeboy: Goimir: Keep shopping at these big box stores for everything, where 78% of every dollar you spend there leaves the area.

Too late. The big boxes have already killed the little guys.


Man, first video kills the radio star and now this?

I don't want to live on this planet any more.

Actually this means the big corps are flush with cash. The million-dollar question, literally, is what good or service could I provide to liberate them of their accounting burden?
 
2012-09-03 07:42:57 PM

rnld: It seems like everyone on Fark has enough money for high speed internet and decent computers.



Wait, people posting on the internet likely have internet? And they likely have a device to type on? Get the newsflash tag her people.

I bet you argue the probably of the existence of oranges as proof of creationism.
 
2012-09-03 07:56:12 PM

Britney Spear's Speculum: rnld: It seems like everyone on Fark has enough money for high speed internet and decent computers.


Wait, people posting on the internet likely have internet? And they likely have a device to type on? Get the newsflash tag her people.

I bet you argue the probably of the existence of oranges as proof of creationism.


I take it you either live in your mom's basement, don't pay your bills or have a job that allows you time and money to be an internet D level poster.
 
2012-09-03 08:09:07 PM

MusicMakeMyHeadPound: Cthulhu_is_my_homeboy: Goimir: Keep shopping at these big box stores for everything, where 78% of every dollar you spend there leaves the area.

Too late. The big boxes have already killed the little guys.

Man, first video kills the radio star and now this?

I don't want to live on this planet any more.

Actually this means the big corps are flush with cash. The million-dollar question, literally, is what good or service could I provide to liberate them of their accounting burden?


Roads, bridges, public transit for their workers, customers, and product to get to work, education for their future workers, public assistance and retirement for their less fortunate workers, family, and friends.
 
2012-09-03 08:12:40 PM

WhyteRaven74: They could fix it in a matter of months.


By doing what, exactly?
 
2012-09-03 09:34:47 PM

Koalacaust: WhyteRaven74: They could fix it in a matter of months.

By doing what, exactly?


FTFA: "Today the prevailing cut-to-the-bone business ethos means that a company like Caterpillar demands a wage freeze and lower health benefits from its workers, while posting record profits."

How about not freezing wages and not lowering health benefits while posting record profits, for one?
 
2012-09-03 09:44:07 PM

valkore: Koalacaust: WhyteRaven74: They could fix it in a matter of months.

By doing what, exactly?

FTFA: "Today the prevailing cut-to-the-bone business ethos means that a company like Caterpillar demands a wage freeze and lower health benefits from its workers, while posting record profits."

How about not freezing wages and not lowering health benefits while posting record profits, for one?


How else are they going to post record profits NEXT quarter?
 
2012-09-03 09:44:24 PM

rnld: It seems like everyone on Fark has enough money for high speed internet and decent computers.


And refrigerators! 

(damned elitists)
 
2012-09-03 09:47:23 PM
ct.politicomments.com
 
2012-09-03 10:02:09 PM

valkore: How about not freezing wages and not lowering health benefits while posting record profits, for one?


So freezing wages and health benefits will fix the economy in a matter of months? Do explain.
 
2012-09-03 10:06:37 PM

Koalacaust: valkore: How about not freezing wages and not lowering health benefits while posting record profits, for one?

So not freezing wages and health benefits will fix the economy in a matter of months? Do explain.


FTFM
 
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