That is nothing new companies have been doing this now for well over a year. They are not going to hire or expand till they know what direction the country is going and how much in taxes all this will cost them when Obambam care gets in full force.
Can't fault them at all for socking it away till they know what and by how much it is going to cost them. Yes they have plenty of money. Look at Apple now is the 2nd Most Valuable company in the World~!. In just a few short years too, coming from nearly going under to, what it is today, and selling at close to $400 bucks a share Also.

 

When less people are working, there will be a decline in wages and benefits. It doesn't necessarily mean that employed people are earning less.

They really can't expand business if there isn't anyone buying. No one would stay in business long that way. If they did, we'd all be toast.

 

That's right. They can only take so much money out of the working Americans pocket before the economy grinds to a halt.

And still the bamboozling continues.

 

And that greed wind is blowing up congress' skirts and they love it since it is those big corporate profits that pay for their campains.



Corporations and the super rich contribute the most to campains
The most money wins the election
The elected are loyal to those who contributed
The corps/wealthy see a healthy return on their investment
The corps/wealthy reinvest the following election


We are in a downward spiral that will end as most do. All we can really do is try to be prepaired for it.

 

That's right. They can only take so much money out of the working Americans pocket before the economy grinds to a halt.

And still the bamboozling continues.

What is it you want to buy that is in short supply? If demand was there, someone would be making it. Don't you raise fish? How many extra fish do you want to raise that no one wants?

 

They can only take so much money out of the working Americans pocket before the economy grinds to a halt.

The Govt is the only entity TAKING money from the people.

And the people GET that money from working for those "evil" corporations.

 

LOL.

Since when does opinion become fact?

"Greedy Corporations" "socking away profits" during these tough times, instead of hiring more employees, which are now often as much of liability as an asset? Does anyone need a business degree to answer this?

Banks not loaning? We re-financed our mortage and car last year(different banks), with an average credit score. Every place I called seemed to have money available.

I know people who are starting their own businesses. They are not making hedge-fund manager money, but they are not waiting and hoping for someone to give them a job either.

There have always been "rich" and "poor" Americans. Very many "poor" have used abition and drive, to overcome their odds, to make their lives better, verses simply blaming the "rich" for their plight, which is a cop out.

 

I remember an expression from many years ago that said simply, "If you're so da..ed smart, why aren't you rich?"



Do you think hedge fund managers make too much money? Then lead the way by becoming a hedge fund manager and only take a small salary.

Think CEOs of major corporations make too much money? Then lead the way by becoming a CEO of a major corporation and only take a small salary.

Think oil company profits are too high? Then lead the way by building a major oil company but only make a small profit.

Think professional athletes make too much money? Then lead the way by becoming a professional athlete and only take a small salary.

The fact is, most of us aren't smart enough, clever enough, ambitious enough, or determined enough to be rich. So let's quit belly-aching about the people who are successful.

Class envy never accomplishes anything.

At least, that's the way I see it.

Tom in TN

 

You left out the importance of family connections in the accumulation of wealth.

Many times that is far more important than ability, hard work or anything else.

 

fish head your banging your head againest the wall. to many here and other places keep saying that demand drives the job market when it is a true fact that pople with out a job buy only what they need to live on and can afford. I hear it every day I set up to sell honey. I wouldbuy the quart that is cheaper but I just can not afford the $12.00 because I am laid off.
If people don't have a job to have money they buy nothing but food clothing and houseing.
One can argue for every that CEO"s are worth every penny they are paid. I say BS!!! How much cheaper would that new Ford car/truck been if the CEO had not earned 50 million. and if he earned that much What did William Clay Ford take home?

Why should intitlement programs be cut when we the tax payers Thru our elected officals give millions in subisitys companys who aremaking huge record prifits.

How come so many Americans feel the rich andthose rich corps. shouldget a free ride while the rest of America struggles.

Al

 

I don't know very many "rich" people. But it turns out that I do have some experience with salaries and taxes that some "rich" people deal with. In the limited experience that I have, I know for a fact that the "rich" people pay more taxes in one year than I pay in a lifetime.

One of the "rich" people that I have insight into is a very popular female vocalist. She pays millions of dollars each year in taxes, plus she has scores of employees that she hires whose whole income derives from her talent.

She could easily chuck it all and just live on her wealth for the rest of her life, but instead, she keeps touring and producing entertainment that provides for the well-being of her employees and all of the people that her employees also support.

I don't begrudge her success one bit. I hope she continues to make millions of dollars each year because so many people are dependent on her success.

That's just one of many.

Tom in TN

 

You also have to realize that a big part of the anomosity coming from the working class is that those CEO's, and Corps continue to get raises and bonuses while cutting wages of the workers. They are getting those increases by laying off workers and cutting said wages. The hedge fund managers and stock holders make money off of the Corps and CEO's profits. At the same time they are held up, supported, and bailed out when they screw up by the politions that they got elected. The workers that got all those big shots, and corps to the size and status that they are at are then thrown aside without hesitation by any of them. Once they reach a certain height on the ladder they forget who held it for them the entire time, and it is now tied off at the top by the gov who also could care less about the person at the bottom.

 

You left out the importance of family connections in the accumulation of wealth.

Many times that is far more important than ability, hard work or anything else.

So families shouldn't be able to pass along wealth?

 

Curtis B,

I don't know you or anything about you, so please don't take this as a personal attack. Speaking just for myself, I have to admit that I don't have the skills or the drive to become an executive.

I started at an entry level job in a large corporation and worked my way up to a second level managers job. Although I would have liked to have progressed further, the fact is I wasn't able to do so.

The company didn't owe me anything. The executives of that company didn't owe me anything. I did what I was capable of doing. The company paid me what my skills were worth. As it turned out, I was able retain my job and retire from the company, but if I had been fired or demoted it would have been my responsibility to respond to that situation. No one owed me anything.

I had a choice. I didn't care then and I don't care now what anyone else did - that's their business. My business is to take care of myself and let them take care of themselves.

We need to quite envying and being jealous of others. We are what we are.

At least, that's the way I see it.

Tom in TN

 

You know what else isn't fair, I always wanted to play quarterback for the Dallas Cowboys and make millions of dollars a year, I think it's wrong that they won't hire me just because I am not a good enough quarterback to play pro ball, I think they should pay me millions anyway because it's just not right that the only people being paid to play pro football are the ones with the skills to do it.

 

Curtis B,

I don't know you or anything about you, so please don't take this as a personal attack. Speaking just for myself, I have to admit that I don't have the skills or the drive to become an executive.

I started at an entry level job in a large corporation and worked my way up to a second level managers job. Although I would have liked to have progressed further, the fact is I wasn't able to do so.

The company didn't owe me anything. The executives of that company didn't owe me anything. I did what I was capable of doing. The company paid me what my skills were worth. As it turned out, I was able retain my job and retire from the company, but if I had been fired or demoted it would have been my responsibility to respond to that situation. No one owed me anything.

I had a choice. I didn't care then and I don't care now what anyone else did - that's their business. My business is to take care of myself and let them take care of themselves.

We need to quite envying and being jealous of others. We are what we are.

At least, that's the way I see it.

Tom in TN

I agree to a point. I worked my way up through another company in the past, grunt to management. Did they owe me, that is questionable, I got them a multimillion dollar contract (I was not a salesman), that my boss took credit for till it was found out I was doing his job (along with mine) and he was fired. I exposed a branch that was stealing millions from the corp, and the whole time I fought layoffs (not me, but my employees)and the CEO's continued to get raises, and Euorpean trips. I was hired on with the company I currently work for as a manager I worked for a year before the economy took a dump. Six months after the economy sank, myself and the other managers gave up our perfomance bonuses (20% of my salary) to help the company stay afloat. Layoffs continued to run rampant even with our pay cuts. 18 months ago we turned a corner and the company is raking in $ hand over fist ( I know, I see the financials). Still they refuse to give any employee other than the top level management a raise (17% over three years). I have seen first hand line employees, lower management, and middle management give to help insure the co's survival, and watched the upper take and take and want more. Am I bitter, yes. Do they owe me for help saving THEIRcompany? Does the drowning person owe the lifeguard? They were of course only doing their job.

 

This thread reminds me of an old saying , Those that can do, those that can't ***** about it

 

GREED is consuming this countries economy. When too much is taken out of the workers wallet there isn't anyone left to buy and create demand.

I was riding with a friend one day. We passed a factory that had been in the news last winter. The PROFITABLE company wanted to increase profit by reducing wages. They said it was because the new jobs market allowed them.

It just so happened that my friend sold his product to those workers. Now those same workers no longer buy much of his product. The CEO got another raise boosting his 6 figure annual income even higher. The stockholders got their raise and the workers got the shaft.

This was a PROFITABLE company that wanted ever increasing profits but did it by hurting their workers and the businesses they supported.

It just amazes me that they have convinced American workers that this is a good thing.

 

Ok, just one question for you..

Why is it that Obama cuddles up with GE (the non tax paying corporation)?


Ok, I'll answer it for you.. Because liberals hate corporations per their words, but their leaders are in the hands of those same corporations, bought and payed for in full...

So think about who is being bamboozled!

 

This thread reminds me of an old saying , Those that can do, those that can't ***** about it

When was the last time you worked for a big corporation? There are also some of us that have to much integrity to "do", not that we can't.

 

When was the last time you worked for a big corporation? There are also some of us that have to much integrity to "do", not that we can't.

I never worked for a big corp, my company has done some contract work for big corps and I wouldn't have it any other way. If you have a problem with the way companies are run no one is stopping you from starting your own firm that you could run any way you wanted. Then your integrity wouldn't get in the way of your success.

 

I never worked for a big corp, my company has done some contract work for big corps and I wouldn't have it any other way. If you have a problem with the way companies are run no one is stopping you from starting your own firm that you could run any way you wanted. Then your integrity wouldn't get in the way of your success.

Good point.

Let someone open their own business and then see how many employees they want to hire and whether they want to pay them top dollar, with great benefits. Maybe even share their profits with their employees.

Most sucessful small business owners, I know are at least somewhat miserly, regarding their employees.

Just like the big guys.

 

The company I worked for was a great one. Had 4 plants in 3 States, and close to 9800 employees. All very happy ones.
We had our own exercise room, with the latest in equipment, could manage our own time off. EMTO. Earned so many hours each week and as soon as you had them you could use them at any time without notice.
Many many Sundays lots of us would "just take off" and go home to watch the Green Bay Packers play. Haha.
Very good insurance at a very good rate.
That company trusted its employees so much there was NO Time Clocks At all~! No Buzzers either. You KNEW what time to be at work and that was it.
When your shift was down the other one was already there taking over and you just walked out.
The only thing you did was initial a time sheet, and that was all, if you left early you also put what time you left and initialed it. Bingo that was all.
And NO Union either. Good Deal for that.
You got ahead by doing "On The Job Training" And also some class room settings and tested and you if passed moved up some and with that came a raise in pay. I moved up 3 rungs on the ladder before I left due to health reasons, but was making 13 an hour, and if still there I would be at 20 an hour. Not bad at all for this area and with just a HS education.
And you may be using a part right now in your computer that I personal inspected LOL
But due to world market pricing that company is now building a assembly plant in Thailand.~

 

Good point.

Let someone open their own business and then see how many employees they want to hire and whether they want to pay them top dollar, with great benefits. Maybe even share their profits with their employees.

Most sucessful small business owners, I know are at least somewhat miserly, regarding their employees.

Just like the big guys.

It comes down to supply and demand, When there is a glut of available workers, employers can pay less and still get the employees they need. When qualified workers are in short supply, employers have to pay more to outbid someone else for those workers.

 

The marketplace, in general, is pretty efficient. And natural selection does not sleep.

I am a lot less concerned with what a private company decides to pay its employees than I am in our Federal Government bailing out private banks and car companies.

Anyone who complains about the former and agrees with or ignores the latter is a fool.

Of course, that's just my opinion!