Record Profits, but Record Unemployment

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  • Brujah
    Beer Money Baron
    • Jan 2001
    • 22157
    #1

    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.
    Tags: None
    • Amputate Your Head
      There can be only one
      • Aug 2001
      • 39075
      #2
      it will continue to get worse.
      SIG TOO BIG

        Comment

        • IllTestYourGirls
          Ah My Balls
          • Feb 2007
          • 14311
          #3
          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

          The increase in output in the third quarter was driven primarily by stronger consumer spending. Wages and salaries also rose in the third quarter, which might help bolster holiday spending in the final months of 2010.
          Last edited by IllTestYourGirls; 12-15-2010, 08:44 AM.

            Comment

            • Tom_PM
              Porn Meister
              • Feb 2005
              • 16443
              #4
              You mean the wealthy dont want to redistribute their wealth? No fucking way.

              If only there'd been some clues.
              43-922-863 Shut up and play your guitar.

                Comment

                • IllTestYourGirls
                  Ah My Balls
                  • Feb 2007
                  • 14311
                  #5
                  Originally posted by PR_Tom
                  You mean the wealthy dont want to redistribute their wealth? No fucking way.

                  If only there'd been some clues.
                  Wrong again lol

                  The increase in output in the third quarter was driven primarily by stronger consumer spending. Wages and salaries also rose in the third quarter, which might help bolster holiday spending in the final months of 2010.
                  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.
                  Last edited by IllTestYourGirls; 12-15-2010, 08:46 AM.

                    Comment

                    • Tom_PM
                      Porn Meister
                      • Feb 2005
                      • 16443
                      #6
                      "99ers" is a term used to describe americans who've been out of work for over 2 years and have exhausted their unemployment benefits.
                      43-922-863 Shut up and play your guitar.

                        Comment

                        • Brujah
                          Beer Money Baron
                          • Jan 2001
                          • 22157
                          #7
                          Originally posted by IllTestYourGirls
                          blah blah tea party blah blah.
                          You can keep quoting that same line, but it says the same thing. Record profits. Check. Record Unemployment. Check.

                            Comment

                            • Kiopa_Matt
                              Confirmed User
                              • Oct 2007
                              • 1448
                              #8
                              Originally posted by IllTestYourGirls
                              And the economy is not growing fast enough for extra hiring to kick in.
                              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.
                              xMarkPro -- Ultimate Blog Network Management
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                                • IllTestYourGirls
                                  Ah My Balls
                                  • Feb 2007
                                  • 14311
                                  #9
                                  Originally posted by PR_Tom
                                  "99ers" is a term used to describe americans who've been out of work for over 2 years and have exhausted their unemployment benefits.
                                  I was speaking of these 99ers

                                  http://american99ersunion.yolasite.com/

                                    Comment

                                    • IllTestYourGirls
                                      Ah My Balls
                                      • Feb 2007
                                      • 14311
                                      #10
                                      Originally posted by Kiopa_Matt
                                      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.
                                      And taxing them will get jobs back?

                                        Comment

                                        • dyna mo
                                          just a fucking jerk
                                          • Dec 2008
                                          • 68184
                                          #11
                                          Originally posted by IllTestYourGirls
                                          Extremely misleading because those numbers are not adjusted for inflation.
                                          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

                                            Comment

                                            • Brujah
                                              Beer Money Baron
                                              • Jan 2001
                                              • 22157
                                              #12
                                              Originally posted by IllTestYourGirls
                                              And taxing them will get jobs back?
                                              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.

                                                Comment

                                                • IllTestYourGirls
                                                  Ah My Balls
                                                  • Feb 2007
                                                  • 14311
                                                  #13
                                                  Originally posted by Brujah
                                                  You can keep quoting that same line, but it says the same thing. Record profits. Check. Record Unemployment. Check.
                                                  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?

                                                    Comment

                                                    • Kiopa_Matt
                                                      Confirmed User
                                                      • Oct 2007
                                                      • 1448
                                                      #14
                                                      Originally posted by IllTestYourGirls
                                                      And taxing them will get jobs back?
                                                      Actually, yes, it probably would. Tax them a bit more, and put that money into small business grants & funding.
                                                      xMarkPro -- Ultimate Blog Network Management
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                                                        • IllTestYourGirls
                                                          Ah My Balls
                                                          • Feb 2007
                                                          • 14311
                                                          #15
                                                          Originally posted by dyna mo
                                                          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
                                                          http://www.nytimes.com/2010/11/24/bu...econ.html?_r=1

                                                          That is the highest figure recorded since the government began keeping track over 60 years ago, at least in nominal or noninflation-adjusted terms.

                                                          The government does not adjust the numbers for inflation, in part because these corporate profits can be affected by pricing changes from all over the world and because the government does not have a price index for individual companies.

                                                            Comment

                                                            • Brujah
                                                              Beer Money Baron
                                                              • Jan 2001
                                                              • 22157
                                                              #16
                                                              Originally posted by IllTestYourGirls
                                                              So Obama's policies have failed? Thats sad.
                                                              Yes, Obama is all about the trickle down economics. Have you always been this dumb?

                                                                Comment

                                                                • Agent 488
                                                                  Registered User
                                                                  • Feb 2006
                                                                  • 22511
                                                                  #17
                                                                  when i heard that realized america, and the west of the west in for a rough patch.

                                                                    Comment

                                                                    • Brujah
                                                                      Beer Money Baron
                                                                      • Jan 2001
                                                                      • 22157
                                                                      #18
                                                                      Originally posted by IllTestYourGirls
                                                                      http://www.nytimes.com/2010/11/24/bu...econ.html?_r=1
                                                                      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.

                                                                        Comment

                                                                        • IllTestYourGirls
                                                                          Ah My Balls
                                                                          • Feb 2007
                                                                          • 14311
                                                                          #19
                                                                          Originally posted by Brujah
                                                                          Yes, Obama is all about the trickle down economics. Have you always been this dumb?
                                                                          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.

                                                                            Comment

                                                                            • Tom_PM
                                                                              Porn Meister
                                                                              • Feb 2005
                                                                              • 16443
                                                                              #20
                                                                              In the third quarter of 2010 wages rose. And tax cuts have been in place since... 2001.

                                                                              lets party
                                                                              43-922-863 Shut up and play your guitar.

                                                                                Comment

                                                                                • fatfoo
                                                                                  ICQ:649699063
                                                                                  • Mar 2003
                                                                                  • 27763
                                                                                  #21
                                                                                  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.
                                                                                  Send me an email: [email protected]

                                                                                    Comment

                                                                                    • Brujah
                                                                                      Beer Money Baron
                                                                                      • Jan 2001
                                                                                      • 22157
                                                                                      #22
                                                                                      Originally posted by PR_Tom
                                                                                      In the third quarter of 2010 wages rose. And tax cuts have been in place since... 2001.

                                                                                      lets party
                                                                                      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."

                                                                                        Comment

                                                                                        • IllTestYourGirls
                                                                                          Ah My Balls
                                                                                          • Feb 2007
                                                                                          • 14311
                                                                                          #23
                                                                                          Originally posted by Brujah
                                                                                          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.

                                                                                            Comment

                                                                                            • Brujah
                                                                                              Beer Money Baron
                                                                                              • Jan 2001
                                                                                              • 22157
                                                                                              #24
                                                                                              Originally posted by IllTestYourGirls
                                                                                              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?

                                                                                                Comment

                                                                                                • Agent 488
                                                                                                  Registered User
                                                                                                  • Feb 2006
                                                                                                  • 22511
                                                                                                  #25
                                                                                                  this has nothing to do with the right-left puppet show. same trends would be happening if jesus was in office.

                                                                                                    Comment

                                                                                                    • Amputate Your Head
                                                                                                      There can be only one
                                                                                                      • Aug 2001
                                                                                                      • 39075
                                                                                                      #26
                                                                                                      Originally posted by Agent 488
                                                                                                      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.
                                                                                                      SIG TOO BIG

                                                                                                        Comment

                                                                                                        • Brujah
                                                                                                          Beer Money Baron
                                                                                                          • Jan 2001
                                                                                                          • 22157
                                                                                                          #27
                                                                                                          Originally posted by Agent 488
                                                                                                          this has nothing to do with the right-left puppet show. same trends would be happening if jesus was in office.
                                                                                                          Record profits would be cheered if it were the "right" but since the "left" is in office it becomes failed policy. Go figure.

                                                                                                            Comment

                                                                                                            • IllTestYourGirls
                                                                                                              Ah My Balls
                                                                                                              • Feb 2007
                                                                                                              • 14311
                                                                                                              #28
                                                                                                              Originally posted by Brujah
                                                                                                              So in your opinion, record profits for 7 quarters means failed policy? Now you're anti-corporation?
                                                                                                              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.

                                                                                                                Comment

                                                                                                                • Brujah
                                                                                                                  Beer Money Baron
                                                                                                                  • Jan 2001
                                                                                                                  • 22157
                                                                                                                  #29
                                                                                                                  Originally posted by IllTestYourGirls
                                                                                                                  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.

                                                                                                                    Comment

                                                                                                                    • dyna mo
                                                                                                                      just a fucking jerk
                                                                                                                      • Dec 2008
                                                                                                                      • 68184
                                                                                                                      #30
                                                                                                                      Originally posted by IllTestYourGirls
                                                                                                                      http://www.nytimes.com/2010/11/24/bu...econ.html?_r=1
                                                                                                                      from the very article you link:

                                                                                                                      The government does not adjust the numbers for inflation, in part because these corporate profits can be affected by pricing changes from all over the world and because the government does not have a price index for individual companies.
                                                                                                                      re-stated, you CANNOT adjust this taking into account inflation and it's never been that way.

                                                                                                                        Comment

                                                                                                                        • IllTestYourGirls
                                                                                                                          Ah My Balls
                                                                                                                          • Feb 2007
                                                                                                                          • 14311
                                                                                                                          #31
                                                                                                                          Originally posted by Brujah
                                                                                                                          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.
                                                                                                                          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.

                                                                                                                            Comment

                                                                                                                            • Phoenix
                                                                                                                              BACON BACON BACON
                                                                                                                              • Nov 2002
                                                                                                                              • 35475
                                                                                                                              #32
                                                                                                                              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
                                                                                                                              Telegram PhoenixBrad
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                                                                                                                                • IllTestYourGirls
                                                                                                                                  Ah My Balls
                                                                                                                                  • Feb 2007
                                                                                                                                  • 14311
                                                                                                                                  #33
                                                                                                                                  Originally posted by Phoenix
                                                                                                                                  hell alot of rich ass people fired a wack load of people then went out and bought a new high end car...lol
                                                                                                                                  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?

                                                                                                                                    Comment

                                                                                                                                    • Brujah
                                                                                                                                      Beer Money Baron
                                                                                                                                      • Jan 2001
                                                                                                                                      • 22157
                                                                                                                                      #34
                                                                                                                                      Originally posted by IllTestYourGirls
                                                                                                                                      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.
                                                                                                                                      Wow. I give up with you.

                                                                                                                                        Comment

                                                                                                                                        • IllTestYourGirls
                                                                                                                                          Ah My Balls
                                                                                                                                          • Feb 2007
                                                                                                                                          • 14311
                                                                                                                                          #35
                                                                                                                                          Originally posted by Brujah
                                                                                                                                          Wow. I give up with you.
                                                                                                                                          Tell me where Im wrong. You cant. Oddly enough Obama is agreeing with what I am saying

                                                                                                                                            Comment

                                                                                                                                            • Phoenix
                                                                                                                                              BACON BACON BACON
                                                                                                                                              • Nov 2002
                                                                                                                                              • 35475
                                                                                                                                              #36
                                                                                                                                              Originally posted by IllTestYourGirls
                                                                                                                                              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?
                                                                                                                                              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
                                                                                                                                              Telegram PhoenixBrad
                                                                                                                                              https://quantads.io

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                                                                                                                                                • IllTestYourGirls
                                                                                                                                                  Ah My Balls
                                                                                                                                                  • Feb 2007
                                                                                                                                                  • 14311
                                                                                                                                                  #37
                                                                                                                                                  Originally posted by Phoenix
                                                                                                                                                  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.

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                                                                                                                                                    • pornguy
                                                                                                                                                      Too lazy to set a custom title
                                                                                                                                                      • Mar 2003
                                                                                                                                                      • 62912
                                                                                                                                                      #38
                                                                                                                                                      I worked for a Fortune 500 Pharma company many years ago and it was amazing at how little any one did.
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                                                                                                                                                        • PornoMonster
                                                                                                                                                          Confirmed User
                                                                                                                                                          • Mar 2003
                                                                                                                                                          • 2257
                                                                                                                                                          #39
                                                                                                                                                          Originally posted by Brujah
                                                                                                                                                          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.
                                                                                                                                                          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.
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                                                                                                                                                            • PornoMonster
                                                                                                                                                              Confirmed User
                                                                                                                                                              • Mar 2003
                                                                                                                                                              • 2257
                                                                                                                                                              #40
                                                                                                                                                              Originally posted by Brujah
                                                                                                                                                              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.
                                                                                                                                                              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.
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                                                                                                                                                                • Rochard
                                                                                                                                                                  Jägermeister Test Pilot
                                                                                                                                                                  • Dec 2001
                                                                                                                                                                  • 75733
                                                                                                                                                                  #41
                                                                                                                                                                  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.
                                                                                                                                                                  Herschel Savage
                                                                                                                                                                  Brooklyn, NY

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                                                                                                                                                                    • The Demon
                                                                                                                                                                      Confirmed User
                                                                                                                                                                      • Apr 2003
                                                                                                                                                                      • 7336
                                                                                                                                                                      #42
                                                                                                                                                                      S-T-I-M-U-L-U-S+Artificial Growth+no adjustment for inflation=misleading numbers. How do you people not understand this?
                                                                                                                                                                      Greed is Good

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                                                                                                                                                                        • Coup
                                                                                                                                                                          🚨 PBBC International 🚨
                                                                                                                                                                          • Apr 2010
                                                                                                                                                                          • 9931
                                                                                                                                                                          #43




                                                                                                                                                                          God Damn Amerikkka

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