When the GOP talks about tax breaks for the rich and businesses they always use the argument that the more money business has, the more people they will hire. This has been in a direct conflict of supply and demand economics and more proof is in this: Despite high unemployment and a largely languishing real […]
Corporations Record “Near Historic Profits” As Middle America Suffers
As if this comes as any shocker: Corporate America finished the second quarter with “near-historic” profits, largely by cutting costs, laying off employees and streamlining operations, the Wall Street Journal reports. Profits for companies in the S&P 500 soared 38 percent from the same period last year, hitting $189 billion, the WSJ says, the sixth-highest […]