bernake's 48b per month, Nothing more than trickle down econ

[tyroneweaver]

the poor, the disadvantaged, the halt, the minorities won't see a red cent of that money
It will all go to the bank fat cats and wall street

double down on trickle down sounded cute, but the dem elite take their first cut out

 

[waltky]

And this was back in June - how are things better since then???...

Corporate Profits Just Hit An All-Time High, Wages Just Hit An All-Time Low
Jun. 22, 2012 - In case you need more confirmation that the US economy is out of balance, here are three charts for you.

1) Corporate profit margins just hit an all-time high. Companies are making more per dollar of sales than they ever have before. (And some people are still saying that companies are suffering from "too much regulation" and "too many taxes." Maybe little companies are, but big ones certainly aren't).

2) Fewer Americans are working than at any time in the past three decades. One reason corporations are so profitable is that they don't employ as many Americans as they used to.

3) Wages as a percent of the economy are at an all-time low. This is both cause and effect. One reason companies are so profitable is that they're paying employees less than they ever have as a share of GDP. And that, in turn, is one reason the economy is so weak: Those "wages" are other companies' revenue.

In short, our current system and philosophy is creating a country of a few million overlords and 300+ million serfs. That's not what has made America a great country. It's also not what most people think America is supposed to be about. So we might want to rethink that. Meanwhile, if you want to know more about what's wrong with the economy, flip through these charts:

Okay, Folks, Let's Put Aside Politics And Look At The Facts...

Read more: Corporate Profits Just Hit An All-Time High, Wages Just Hit An All-Time Low - Business Insider

 

[ScienceRocks]

All this goes is to bail out banks.

Obama is a hypocrite.

 

[waltky]

Here's a couple of items that demonstrates how trickle down works...

U.S. economy grows at 2% rate in 3rd quarter
October 26, 2012, WASHINGTON — The U.S. economy expanded at a slightly faster 2 percent annual rate from July through September, buoyed by an uptick in consumer spending and a burst of government spending.

Growth improved from the 1.3 percent rate in the April-June quarter, the Commerce Department said Friday. The pickup in growth may help President Barack Obama's message that the economy is improving. Still, growth remains too weak to rapidly boost hiring. And the 1.74 percent rate for 2012 so far trails last year's 1.8 percent growth, a point GOP nominee Mitt Romney will emphasize. The report is the last snapshot of economic growth before Americans choose a president in 11 days.

The economy improved because consumer spending rose 2 percent in the July-September quarter, up from 1.5 percent in the second quarter. Spending on homebuilding and renovations increased more than 14 percent. And federal government spending expanded sharply on the largest increase in defense spending in more than three years. Growth was held back by the first drop in exports in more than three years and flat business investment in equipment and software. The economy was also slowed by the severe drought this summer in the Midwest. That sharply cut agriculture stockpiles and reduced growth by nearly a half-point.

The government's report covers gross domestic product. GDP measures the nation's total output of goods and services — from restaurant meals and haircuts to airplanes, appliances and highways. The first of three estimates of growth for the July-September quarter sketched a picture that's been familiar all year: The economy is growing at a tepid rate, slowed by high unemployment and corporate anxiety over an unresolved budget crisis and a slowing global economy.

While growth remains modest, the factors supporting the economy have changed. Exports and business investment drove growth for most of the recovery, but are now fading. Meanwhile, consumer spending has ticked up and housing is adding to growth after a six-year slump. Consumer spending drives nearly 70 percent of economic activity. Businesses have grown more cautious since spring, in part because customer demand has remained modest and exports have declined as the global economy has slowed.

U.S. economy grows at 2% rate in 3rd quarter - latimes.com

See also:

Layoffs rise as firms retrench due to earnings
October 25. 2012 - Just when it looked as if the economy was upsizing, more companies are downsizing.

A mounting number of companies, including many tech firms, have been announcing layoffs, prompting some to worry about the proliferation of pink slips amid third-quarter earnings reports showing nearly zero growth. "We've seen a spate of bad earnings announcements," says John Challenger of outplacement firm Challenger Gray & Christmas. "Companies often take fast action," which results in job cuts.

Colgate-Palmolive was the most recent example Thursday, with plans to cut 2,300 jobs. But that announcement just piled on top of similar revelations from firms such as online game company Zynga, heavy equipment maker Caterpillar, computer chipmaker Advanced Micro Devices and chemical firm DuPont in recent weeks. Early data point to a disturbing rise in layoffs, as seen by:

-- Recent uptick in layoffs. Companies in North America announced plans to cut more than 62,000 jobs since Sept. 1, says Bloomberg News. That's the biggest two-month slashing of jobs since the beginning of 2010.

-- Heavy hits by specific industries. There have been 40,671, 33,063 and 7,714 job cuts announced by the computer, transportation and insurance industries collectively this year through September, says Challenger Gray & Christmas. These are increases of 240%, 184% and 180% from the same periods last year. Tumult in the computer industry is a big reason for the hit to computer firms such as Hewlett-Packard, says Challenger.

-- Rise in mass layoffs. Employees levied 1,316 mass layoff actions in September, 49 more than in August, affecting 122,462 workers, says the U.S. Bureau of Labor Statistics. Mass layoffs are those that affect 50 workers or more.

MORE

 

[OKTexas]

Doesn't quite make the 4.5% growth that dear leader Maobama promised with the stimulus. But like he said, just words, just speeches, no substance. Freaking idiot.