Intoxination

Tag: corporate profits

Mar 26
2011

Another #Fail Of GOP Economics

Economy

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 […]

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Oct 4
2010

Corporations Record “Near Historic Profits” As Middle America Suffers

Economy

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 […]

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Oct 1
2009

Why Rep. Grayson Is Right

Misc

With all the focus on Rep. Grayson telling it like it is, that Republicans want you to die quick if you fall ill, it’s time to focus on what he said is exactly right. Enter Mitch McConnell: Satisfying every Republican demand short of scrapping the entire project, said Minority Leader Mitch McConnell (R-Ky.), would still […]

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Dec 13
2007

Then There Was 2

Misc

Cases like the rape allegations against KBR are like Pandora’s Box – once you open it then it keeps getting worse: Congress is asking questions about another ex-employee of government contracting firm KBR who claims she was raped in Iraq. Letters to the Pentagon and the Justice Department today from Sen. Bill Nelson, D-Fla. underscore […]

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