U.S. Corporations, Give Americans the Finger for the Holidays

[ShamelessHussy]

NYT: Visualizing Booming Profits

As noted in our news article, corporate profits reached a record high last quarter, at least in nominal terms. (Note: The Bureau of Economic Analysis does not have a standard way of adjusting corporate profits for inflation, in part because profits can be affected by price changes everywhere in the world, and also because they do not have company-specific price indices.)

Corporate profits have been growing for seven consecutive quarters, too, even as the unemployment rate has been stuck around 10 percent. The chart below shows annualized corporate profits, both before and after taxes (blue versus pink, respectively), since 1947:



source...
http://economix.blogs.nytimes.com/2010/11/23/visualizing-booming-profits/?src=busln

GM IPO Raises $20 Billion Selling Common, Preferred

Nov. 17 (Bloomberg) -- General Motors Co. raised more than $20 billion selling common and preferred stock in an initial public offering that reduced the U.S. government to a minority shareholder.

...

The offering from GM came 16 months after it emerged from bankruptcy and brings Chief Executive Officer Dan Akerson closer to his goal of returning the $49.5 billion the automaker received in a taxpayer bailout last year. The Treasury, which is taking a loss on its portion of the sale, will break even only if the shares climb more than 60 percent, Bloomberg data shows.

source...
http://www.businessweek.com/news/2010-11-17/gm-ipo-raises-20-billion-selling-common-preferred.html

Health Ins. companies pull stock market higher

NEW YORK -- Health stocks lifted the market Monday following House approval of an overhaul bill that would extend insurance to millions.

source...
http://insurancenewsnet.com/article.aspx?id=173657&type=newswires

Obama signed a record $787 billion stimulus package in 2009

most money goes to more tax breaks...

the list goes on and on...

source...
GOOGLE and DU

Business: Barack Obama's outreach not enough

After business leaders sank millions into the midterms to defeat Democrats, a chastened Obama administration is seeking reconciliation with the corporate community.

source...
http://www.politico.com/news/stories/1110/45511.html

YET, have the incredulous heart, to Demand more TAX DOLLARS from EVERYONE to carry on with their record profits, and jobless policies, well into the new year.

Those who receive the MOST benefits from our Nation, demand even MORE, at everyone else's expense, since they are TOO BIG TO FAIL, they exclaim.

hmmm... i wonder what would happen, if folks started to JUST SAY NO?

:shrug:

[Rosa Luxemburg]

1. The workers are downtrodden by the bosses - time to fight back

[Octafish]

2. Well, the Catfood Commission will recommend retirees and workers make up the slack.

That way, Google and the rest can do evil offshoring their hoard.

The only explanation is the rich have hijacked government.

[ShamelessHussy]

5. i agree

our Gov has been captured by the elite.

[xchrom]

3. i'm begining to wonder what it will take for a politician

to get the message -- that people aren't happy being governed by corporations?

right now there is only one over arching narrative -- and that's a neo-liberal one.

[ShamelessHussy]

4. i think they understand that

but don't really care since many have sold out to them long ago.

[ShamelessHussy]

6. Here is the video clip from Rachel Maddow's Show that inspired this post

http://www.youtube.com/watch?v=Qj_CKIaCvVU