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Old 11-30-2012, 08:00 AM  
Direckshun Direckshun is online now
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Why are corporations doing so well as the economy struggles?

This is something I'd like to see your explanations on.

Corporations are recording record profits in 2012. Not good profits, record profits.

And yet our economy struggles at a little under 3% growth and a high unemployment rate.

Why, in your opinion, is the economy so bad yet businesses are doing so great?

http://economix.blogs.nytimes.com/20...orate-profits/

Record Corporate Profits
United States corporate profits reached a record high in the third quarter of this year, even adjusted for inflation, according to a report from the Bureau of Economic Analysis.
By CATHERINE RAMPELL
November 29, 2012, 3:00 pm



The increase from the second quarter was entirely a result of stronger business at home. Profits received from American-owned businesses abroad fell slightly in the third quarter, which may not be surprising given the recession in Europe and the slowdown in China.

Additionally, all of the growth in domestic corporate profits was accounted for by the financial sector.

Domestic profits of financial corporations rose $71.3 billion in the third quarter, after falling $39.7 billion in the second. Domestic profits of nonfinancial corporations, on the other hand, decreased $1 billion in the third quarter, after rising $27.8 billion in the second quarter.

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Old 11-30-2012, 08:03 AM   #2
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Crazy.



That's during a recovery from a severe recession. That is nuts.
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Old 11-30-2012, 08:15 AM   #3
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They're the job creators. Just wait..... any minute now......................
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Old 11-30-2012, 08:30 AM   #4
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Originally Posted by KC Fish View Post
They're the job creators. Just wait..... any minute now......................
Yes, they don't currently employ anyone.
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Old 11-30-2012, 08:33 AM   #5
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Old 11-30-2012, 08:39 AM   #6
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Originally Posted by blaise View Post
Yes, they don't currently employ anyone.
Record profits. Record unemployment.

Maybe you're right though. Maybe they'll start hiring now. No, wait.... maybe "NOW"....

Nope? Ohh well let's just blame Obama...
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Old 11-30-2012, 08:41 AM   #7
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Low interest rates + increase productivity with smaller labor force = corporate profits
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Old 11-30-2012, 09:08 AM   #8
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Originally Posted by KC Fish View Post
Record profits. Record unemployment.

Maybe you're right though. Maybe they'll start hiring now. No, wait.... maybe "NOW"....

Nope? Ohh well let's just blame Obama...
So, they should hire more people even though they're getting the job done now?


Maybe you'll stop waiting for corporations to hire employees they don't need.....no....no wait....NOW.

Nope? Ohh, let's just act like someone in this thread other than you mentioned Obama...
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Old 11-30-2012, 09:27 AM   #9
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Why, in your opinion, is the economy so bad yet businesses are doing so great? You first.
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Old 11-30-2012, 09:29 AM   #10
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are not corporate executives typically rewarded based on their performance and how much profit they generate?
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Old 11-30-2012, 10:28 AM   #11
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I think a better question is, if they’re so profitable why are they afraid of expanding?
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Old 11-30-2012, 11:10 AM   #12
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They've figured out they can do it without hiring a bunch of people. All you have to do is scare the shit out of your remaining employees and they'll work longer hours for free.
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Old 11-30-2012, 11:11 AM   #13
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Quote:
Originally Posted by blaise View Post
So, they should hire more people even though they're getting the job done now?


Maybe you'll stop waiting for corporations to hire employees they don't need.....no....no wait....NOW.

Nope? Ohh, let's just act like someone in this thread other than you mentioned Obama...
Which is fine, but stop with the charade that the prospect of slightly higher taxes on corporate executives is the reason they're not hiring.

Last edited by Cave Johnson; 11-30-2012 at 12:36 PM..
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Old 11-30-2012, 11:28 AM   #14
ROYC75 ROYC75 is offline
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Quote:
Originally Posted by KC Fish View Post
Record profits. Record unemployment.

Maybe you're right though. Maybe they'll start hiring now. No, wait.... maybe "NOW"....

Nope? Ohh well let's just blame Obama...
Quick, Call the White House, Mr Obama is going to be pissed one of his Obots has revolted.
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Old 11-30-2012, 11:29 AM   #15
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I think a better question is, if they’re so profitable why are they afraid of expanding?
This !
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