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| Home Front: Politix |
| Slow Recovery? Caused by Hope 'n' Change! |
| 2010-08-21 |
| Corporate profits are soaring. Companies are sitting on billions of dollars of cash. But nobody's hiring. Senior executives blame the caution on their view that U.S. consumers will be disappointed for many years [since] the economy is unlikely to see the kind of almost unbroken prosperity of the quarter-century that preceded the financial crisis. Because we got us change! They see Americans for years ahead paying down debts incurred during the now-ended credit boom and adjusting spending to match their often-reduced incomes. Not to mention greatly increased taxes. "Congress has been very tough on businesses," said Jason Speer, chief executive of Quality Float Works of Schaumburg, Ill. Looking for more efficiency, not more employees, more cautious about investment, more risk-averse, since rewards will be less. |
| Posted by:Bobby |
| #7 Both public and private compensation have amply demonstrated that when the upper echelons set their own pay, perks, and compensation, they seldom if ever drop, until the treasury runs dry or the company tanks. |
| Posted by: Procopius2k 2010-08-21 23:51 |
| #6 But better them than the personal bank accounts of corporate board members Oh yeah - Corporations truck semi-trailer loads of cash to their board members, just so they can have piles of it in their offices. And when everyone goes home they and their Damn Evil Corporations! |
| Posted by: Pappy 2010-08-21 23:08 |
| #5 ..yes. But better them than the personal bank accounts of corporate board members enriching themselves at the expense of the paper holder or the Treasury of Bottomless Spending of insatiable pols. |
| Posted by: Procopius2k 2010-08-21 20:12 |
| #4 Which should be 'profit', which should therefore be distributed among its stockholders accordingly if it is not going to be effectively utilized. The majority of stockholders being pension funds and institutional investors, who'll re-invest the funds elsewhere. The money'll never see the 'street'. |
| Posted by: Pappy 2010-08-21 19:57 |
| #3 22 Cities in Danger of a Double-Dip Recession by Hibah Yousuf, Staff Reporter Saturday, August 21, 2010 klik hier Watch for the smoke and administration directed news blackouts. |
| Posted by: Besoeker 2010-08-21 16:42 |
| #2 Companies are sitting on billions of dollars of cash. Which should be 'profit', which should therefore be distributed among its stockholders accordingly if it is not going to be effectively utilized. Operating officers are treating such like the Donk pols think your income belongs to them. Building up large amounts will only attract the lust of politicians, corporate raiders, or corporate officers. |
| Posted by: Procopius2k 2010-08-21 13:17 |
| #1 And nobody really knows how the Health Care and Banking (and other 'helpful') bills will ultimately affect businesses. We're holding on to our cash for now. Looking for 'Serta' options (hollow mattresses, etc.), too. |
| Posted by: Mullah Richard 2010-08-21 13:04 |