FactFinder
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- Mar 1, 2009
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Corporate profits will grow--when employees are LAID OFF. In fact--that is the only reason that the stock market went up--because companies across the nation laid off employees--decreasing costs--adding more to bottom lines.
Now investors are looking for GROWTH in companies which they are not seeing. Therefore any profits will be flat in comparison to prior quarters--which will send the stock market down.
Many economists expect that we are headed for a double-dip recession--meaning more lay-offs.
What is lacking in this economy is DEMAND for goods and services. With demand--we will see growth--requiring corporations to hire more. The only way to get this growth is more expendable cash in Americans pockets to evenly distribute through-out the economy--and for consumer confidence to RISE.
Corporations sitting on cash will not risk it to invest or grow--with the MOST anti business administration in our history. They have no idea what Obamacare will cost--they do not know what their tax rate will be from one year to the next--and if they cannot see into the future--they will continue to sit on cash.
Each and every day Obama is out there threatening them with over-regulation--higher taxes--and Obamacare. Our Harvard graduate--most intellectual--community organizer--and now amateur golfer is also an economic MORON.
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In other words they are currently brain dead morons who have lost any sense of creativity leaving the only means of profit is to cut the neighbors throat. Bad philosophy, bad karma, a zero sum end game.
Corporations in this country are in for the PROFIT. They're not doing for their HEALTH. Without PROFIT--like Solyndro--they go BANKRUPT--cease to exist. Get over it. Business has tucked in like a turtle waiting for the threat to leave--and that threat is Barack Obama.
and...that self serving philosophy is working real well for them, heh. Golden Rule..You get what you give. Damn the accountants. They are not doing all that great for you now, heh, except the same ole' smoke & mirrors. Lift all boats, all boats lift. Drift out on sea by yourself. Well you are just a drifter waiting to get sunk.