Industries Find Surging Profits in Deeper Cuts

Capitalism is supposed to work by harnessing self interest on behalf of the common good. In the United States it has not been working this way since at least the beginning of the twenty-first century. Increasingly, this is the way it works:

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The New York Times July 25, 2010

By most measures, Harley-Davidson has been having a rough ride.

Motorcycle sales are falling in 2010, as they have for each of the last three years. The company does not expect a turnaround anytime soon.

But despite that drought, Harley’s profits are rising — soaring, in fact. Last week, Harley reported a $71 million profit in the second quarter, more than triple what it earned a year ago...

Many companies are focusing on cost-cutting to keep profits growing, but the benefits are mostly going to shareholders instead of the broader economy, as management conserves cash rather than bolstering hiring and production. Harley, for example, has announced plans to cut 1,400 to 1,600 more jobs by the end of next year. That is on top of 2,000 job cuts last year — more than a fifth of its work force.
*not_secure_link*www.nytimes.com/2010/07/26/business/economy/26earnings.html?pagewanted=1&_r=1


The New York Times November 23, 2010

American businesses earned profits at an annual rate of $1.659 trillion in the third quarter, according to a Commerce Department report released Tuesday. That is the highest figure recorded since the government began keeping track over 60 years ago.
*not_secure_link*www.nytimes.com/2010/11/24/business/economy/24econ.html

 

I missed none, since the answer on the capital gains tax rate asked for an opinion, any answer would be correct.

 

Unbelievable, highest recorded in 60 years.

 

Ditto

 

I heard the answers early this morning, so,,,I missed none.

The real question here is, how well did those 'protestor' folks do when they were asked those questions.

 

Have any info on that?

 

If your looking for a link;

*not_secure_link*nymag.com/daily/intel/2011/10/occupy_wall_street_quiz.html

 

lol Oh, I think that's funny that 94% thought military was the biggest expenditure... Well, I'm surprised actually that so many would think that.:rose:

 

Thanks Ace!

 

If you would continuously listen the leftists,,YOU would believe that.

Leftist always try and claim that the entitlements are not the problem.

 

They know they are being hounded to pay a student loan when they can not find a job.....

They are sick of their parents telling them to get out of the house....

i am proud for them...I may just pick a city to go occupy myself....
I am thinking Las Vegas...

 

Stereotype, that's why. High media profile too.

 

LOL Vegas sounds good, I'll join you.

 

And I'm not the sharpest tool in the shed?

You take out a loan,, you pay the loan,,NOT ME.

 

Oh, yeah... It's ridiculous. Liberals just want to spend and they sugar coat and distort anything that might expose their false statements.

 

lol Hmm... How many kids do I have to have to get enough welfare to pay my mortgage? Damn, I have to quit might job too in order to get a big enough check. :excited:

 

Abso-fucking-lutely..


Hey ya,,what do the conservatives do?

(can't wait to hear this)

 

SINGLE,,,4 KIDS,,play your cards right, and the government will house for free.

Then you can drive around town in a Cadillac Escalade.

 

Well, one thing I get tired of is all of the negative campaign bashing... It gets old fast. :rose:

 

Why do you keep telling mean lies like that Ace. You know it's not true. Every state has welfare to work and there's been limits and checks for more than 20 fucking years now. But you just got to keep telling that same old lie don't you? One of your favorite cherished notions ain't it. But total bullshit and really little of you I think.