As share of GDP, corporate profits highest since 1950
“So far in this recovery, corporations have captured an unusually high share of the income gains,” said Ethan Harris, co-head of global economics at Bank of America Merrill Lynch. “The U.S. corporate sector is in a lot better health than the overall economy. And until we get a full recovery in the labor market, this will persist.”
The result has been a golden age for corporate profits, especially among multinational giants that are also benefiting from faster growth in emerging economies like China and India.
…. As a percentage of national income, corporate profits stood at 14.2 percent in the third quarter of 2012, the largest share at any time since 1950, while the portion of income that went to employees was 61.7 percent, near its lowest point since 1966. In recent years, the shift has accelerated during the slow recovery that followed the financial crisis and ensuing recession of 2008 and 2009, said Dean Maki, chief United States economist at Barclays.
Corporate earnings have risen at an annualized rate of 20.1 percent since the end of 2008, he said, but disposable income inched ahead by 1.4 percent annually over the same period, after adjusting for inflation.
“There hasn’t been a period in the last 50 years where these trends have been so pronounced,” Mr. Maki said.
Yet conservatives continue to argue that the business climate under President Obama stifles profitability.
This seems a good time to rerun the chart below, taken from data compiled by the Federal Reserve of St. Louis. In the chart, the share of the national economy, or GDP, going to workers’ paychecks is in blue. The share of the economy that is going to after-tax corporate profits is in red. (Again, note that in this combined chart, the two statistics have separate scales.)
– Jay Bookman
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699 comments Add your comment
DebbieDoRight - What this country needs is more unemployed politicians
March 4th, 2013
4:58 pm
Bro: If you travel with one, put it in your carry-on bag.
No thanks! I’ll just stop at a random bar when i hit town and find one lying around somewhere!
EC. Mr. Cat. You are sooooo bad!! (meow!) double wink!
Kamchak ~ Thug from the Steppes
March 4th, 2013
4:58 pm
oh come on…I’m a fun travel buddy
Is your name Trojan Twister?
josef
March 4th, 2013
4:59 pm
FRED
After you left? Which time…
BTW did you see that latest one from the benighted Magnolia State? Seems that the USM Medical Center has made yet another “first…” This one in HIV…first actual “cure” case…
Erwin's cat
March 4th, 2013
4:59 pm
JOSEF
Okay, What’s with horsemeat meatballs and vibrator cats. Fill me in, Not that I know a lot about either one, but I think after today, I could probably wing it.
hi josef…I guess if I purr really loud and fast…it gets confusing
Fred ™
March 4th, 2013
5:00 pm
Bman? I don’t even see how to get to the blogs on my iPhone. I’m using the AJC app…….
Jackie
March 4th, 2013
5:01 pm
@Dumb and Dumber
If the corporation allows all income to flow through to the shareholder, how would you account for the money needed to fund the activities of the corporation. Isn’t Retained Earnings used as a repository of funds to continue operate the business via profits earned and stockholder investments?
josef
March 4th, 2013
5:01 pm
CAT
I know there’s a one liner about a p*ssy there somewhere?
Erwin's cat aka Trojan Twister
March 4th, 2013
5:02 pm
Is your name Trojan Twister?
it can be for the right price
TBS
March 4th, 2013
5:02 pm
josef
Good afternoon. If you would, please link the article, if there is one, related to USM and the HIV case.
Thanks
They call me MISTER JamVet.
March 4th, 2013
5:02 pm
Hiya, jo!
How about this mind blower for all the cool cats and kitties?
A “new” Jimi Hendrix album!
http://www.npr.org/2013/02/27/172992228/first-listen-jimi-hendrix-people-hell-and-angels
Jackie
March 4th, 2013
5:03 pm
@Erwin
Let the innuendos roll.
Erwin's cat
March 4th, 2013
5:03 pm
JOSEF
I know there’s a one liner about a p*ssy there somewhere?
a couple came to mind, but I’m self-moderating
Arms Akimbo
March 4th, 2013
5:03 pm
@Bro
Excellent point about LNG railcars replacing the need for the Keystone pipeline. As far as big O policies affecting the price of gasoline, the EPA fining oil companies for not purchasing biofuels to blend even though the available annual production of said biofuels cannot meet the EPA minimum mandates has been well documented in the WSJ. It is classic wasteful Washington bureacracy. The entire ethanol mandate needs to be scrapped now that the election is over and Obama doesn’t need to cowtow to the corn belt lobby. The solar industry can produce electricity at 9 cents per Kwt while natural gas fueled power can be produced for 2 to 3 cents per Kwt. The spread for the big O’s energy policy comes out of the taxpayer’s hide. Solar technology finance should be shifted to the private sector until there is grid parity for cost. Instead, what we get is select Obama supporters benefiting from taxpayer subsidies for Federal energy mandates. The tax payer ends up paying for failed technology experiments and increased power bills.
GT
March 4th, 2013
5:05 pm
Stevie I almost would like to see the white collar crime done away with. Let the buyer beware like a caviar emptor. I don’t think the government is smart enough to stop this and if the investor knew he was responsible for Madoff not the government it would have ended a lot sooner. I would keep the rule that says if you know a shark is in the water and don’t report him you will go to jail. So if you catch someone screwing you, it would be your obligation to report him to the SEC or the right authority, not blackmail him into paying you a preferred return. The reporting would end the crime and the lack of redemption would make people more aware of who they are dealing with.
Kamchak ~ Thug from the Steppes
March 4th, 2013
5:06 pm
it can be for the right price
Heh, heh, heh.
Maybe you can rent out space for advertising, sort of like a bus bench ad.
josef
March 4th, 2013
5:06 pm
TBS
http://www.nytimes.com/2013/03/04/health/for-first-time-baby-cured-of-hiv-doctors-say.html?_r=0
indigo
March 4th, 2013
5:06 pm
They – 4:46
Romney’s Mormon “God of love” apparently convinced him he would be elected. Now, he’s scratching his head deciding what he did wrong
and how he lost God’s backing. Since finding faults with himself is not exactly his strong suit, it’s still a complete mystery.
josef
March 4th, 2013
5:08 pm
ERWIN’S
AND too modest!
ZamVet
THANKS!
Welcome to the Occupation
March 4th, 2013
5:08 pm
Been out cavorting with comrades, just back now.
How are the lib ilks and the con ilks getting on today? Treating each other civilly?
Thomas
March 4th, 2013
5:08 pm
“I agree with you statement about corporations making decisions in their own best interest”
Riddle me this Batgirl- how does a corporation make decisions? Hello Ms. Corporation I was wandering……
Easy to detect those folks who have never started a business. We should constitutionalize all bloggers.
GT
March 4th, 2013
5:08 pm
I think these banks knew Madoff was up to something and I am surprised the trustee has not gone after them as hard as he has gone after others in this case. There should be punitive damages with the banks that could almost make the creditors whole; they are half way there because of criminal behavior already.
josef
March 4th, 2013
5:09 pm
GT
Caviar emptor! I like that…
rightwingextreme
March 4th, 2013
5:11 pm
midtownguy
March 4th, 2013
1:25 pm
Wow. For the first time in ages I get to say “before I was born.”
It is just another example of the shrinking working class. When I was growing up my friends who’s fathers worked at the nearby factories (Ford and Reynolds Aluminum) lived comfortable lives in nice homes. Families who have those kinds of blue collar jobs today live in Mobile Homes and get Food Stamps.
We also probably had very little international competition either. The market place has changed.
Erwin's cat
March 4th, 2013
5:11 pm
Gotta go commute…
TBS
March 4th, 2013
5:13 pm
josef
Thanks. That is awesome for the baby mentioned in the article and the potential positive ramifications & possibilities for others as well.
josef
March 4th, 2013
5:13 pm
TBS
and after you read that one, here’s another…
funny how a story is twisted to suit the readership’s socio-cultural perceptions, eh?
http://www.clarionledger.com/article/20130304/NEWS01/130303022/Baby-HIV-cured-after-treatment-UMC
GT
March 4th, 2013
5:13 pm
There was an article in the Times last week that stress the compliance of banks in helping payday lenders lend illegally. The same banks that should guard against international money laundering should be responsible for illegal domestic activity too.
Cheesy Grits
March 4th, 2013
5:15 pm
http://news.msn.com/science-technology/mississippi-baby-born-with-hiv-cured?ocid=ansnews11
Good afternoon. If you would, please link the article, if there is one, related to USM and the HIV case.
GT
March 4th, 2013
5:15 pm
Just for you josef.
josef
March 4th, 2013
5:16 pm
TBS
There was an aspect to this that was not played up, but to me was highly significant. Mississippi reports only 65 neo-natal infections annually…it seems that the education and intervention programs it has invested so heavily in are paying off. There was a time early in the epidemic when the state’s rates of infection were astronomical in the scale…
Orange13
March 4th, 2013
5:17 pm
“As share of GDP, corporate profits highest since 1950″
Gee, maybe that’s where that 250 million we just gave to Egypt came from. Doesn’t that make you feel good? I mean the Gov. has that kind of extra bling to give to a quasi friendly nation. Like we couldn’t have put that money to better use here.
bman.
March 4th, 2013
5:18 pm
Fred.. .. Thanks! I installed the AJC and will see if it works
GT
March 4th, 2013
5:20 pm
Is the Kia plant in Georgia included in this GDP?
TBS
March 4th, 2013
5:21 pm
josef
I noticed that number. While not having a clue as to what the number might have been, I certainly would have guessed higher.
Whether it is being pushed from private sources, government or a combination of the two it seems the programs are paying off in a huge way. Great for the state of MS and just great in general.
TBS
March 4th, 2013
5:22 pm
Cheesy
Thanks. Read the two articles that josef posted and will read the one you posted.
Good stuff. No doubt
Oscar
March 4th, 2013
5:22 pm
No, the money was better used going to Egypt. We need security in that area. It’s important to our national security.
Thomas
March 4th, 2013
5:24 pm
http://www.advisorone.com/2013/03/04/buffett-on-berkshires-2012-subpar-it-was?t=life-planning-ltc&utm_source=dailywire030413&utm_medium=enewsletter&utm_campaign=dailywire
If only WB would have paid more taxes and paid is secretary more he would have out v. under performed. Would it be possible for us little ol bloggers to help the President/Treasury and be handed sweet preferred stock deals on Goldman and BofA? Only in our dreams but do know this- they are on your side and have your back. Sleep well.
Fred ™
March 4th, 2013
5:25 pm
Good afternoon. If you would, please link the article, if there is one, related to USM and the HIV case.
LOL I STARTED to post a smart ass comeback about maybe you should look at the front page of the AJC but the article there which was up all day is gone. not only that I can’t find it. Glad I checked before I inserted my foot in my mouth lol.
josef: Not only did I see it, but Dr. Hagen, teaching the AIDS class I’m taking from Coursera, sent us an email about it and it’s being discussed on the classroom forum. Pretty interesting stuff. This baby makes the second POSSIBLE cured person.
Fred ™
March 4th, 2013
5:28 pm
<i.Easy to detect those folks who have never started a business. We should constitutionalize all bloggers.
What kinds of businesses have you started Thomas?
TBS
March 4th, 2013
5:29 pm
Fred
While a regular on the blog, I’m not much for the front page of the AJC. In a given week, I might peruse it 2 or 3 times. In this case I guess I missed a great piece of information.
Orange13
March 4th, 2013
5:30 pm
“No, the money was better used going to Egypt. We need security in that area. It’s important to our national security.”
Really? Is Egypt going to put that second Carrier and associated Battle Group in that area for us?
Fred ™
March 4th, 2013
5:31 pm
Wow TBS, I read almost every article they put up there. I check all day long to see what’s new. I’m kind of a news junkie lol. I don’t have Jay’s page here bookmarked, I have the AJC home page bookmarked. So when I click I go there first automatically.
josef
March 4th, 2013
5:33 pm
TBS
That number, along with that of the current number of infected, blew me out of the water. I would never have placed them that low given the general state of health care access in the state. I was talking to some folks over there about this and they said that it boiled down to the aggressive education measures take by the coalitions formed earlier on that took the Koop line that what they were dealing with was an epidemic and the moral posturing was ineffective and stymieing…Still, though, I had not the vaguest notion of how successful their efforts had been. One of my buds over there, an early activist in HIV-AIDS, got a chuckle and said “yeah, when folks from outside find themselves coming down here to find out ‘how to do it,’ we have to give them some lessons they didn’t come to learn…”
indigo
March 4th, 2013
5:36 pm
Orange13 – 5:30
This is just another example of a policy we can do nothing about since both parties seem enamoured to the continuation of foreign aid.
Moderate Line
March 4th, 2013
5:37 pm
Very good article Jay. It shows that while business is prospering the average person is still struggling. The next question is what are these companies doing with their profits.
Are they investing the money?
Redneck Convert (R--and proud of it)
March 4th, 2013
5:38 pm
CDC: Georgia No. 4 in syphilis cases. AJC.com
Who says nothing’s free anymore?
TBS
March 4th, 2013
5:39 pm
“yeah, when folks from outside find themselves coming down here to find out ‘how to do it,’ we have to give them some lessons they didn’t come to learn…”
Well if USM is leading the way on that research front and the state has programs that are resulting in positive results, let’s hope that other hospitals and states are paying attention
pogo
March 4th, 2013
5:39 pm
Someone here asked the question today about what new entitlement programs Obama has created. Someone else responded with Obamacare and Cap and Trade which was an excellent retort. Cap and Trade is not dead and Obamacare is about rear its ugly head. Both will cost this country trillions and will further erode both the economy and job creation in this country. The person that asked the question was obviously a bliinded fool, something that isn’t uncommon on the Bookman blog. Though Obamacare will ultimately cost trillions, it isn’t that Obama has created that many new programs it is the fact that he is encouraging people to take full advantage of the ones we already have in place. Obama wants votes and he is willing to break this country to get them. For every person he can put on entitlements he expects a vote and it seems to work. When people understand that they can buy themselves the necessities without contributing anything (i.e working) they will go with the guy that gives them what the need as long as they can get up at 9AM, eat and watch tv all day (or sit on a blog and act like they matter). The falacy of this is, the host (the taxpayers) of this parasitic political ploy can only give so much before it dies.That is why Homeland Security is buying all of those armoured vehicles for use on American streets. Obama has sold his naieve supporters on the idea that they can get what they want for nothing. Behind the scenes he knows this can only last for so long and when cruel reality crashes down on them, they will get violent. He is hoping that it won’t crash before 2017 and he is willing to spend trillions of money we don’t have to buy him time before getting out of office.
A Simple Man
March 4th, 2013
5:40 pm
Rich getting richer and poor getting poorer. Wasn’t the last four years supposed to fix that?
TBS
March 4th, 2013
5:40 pm
josef
For that matter, other researchers around the world not just folks in the US.
Jay
March 4th, 2013
5:45 pm
“The fallacy of this is, the host (the taxpayers) of this parasitic political ploy can only give so much before it dies.That is why Homeland Security is buying all of those armoured vehicles for use on American streets. Obama has sold his naieve supporters on the idea that they can get what they want for nothing. Behind the scenes he knows this can only last for so long and when cruel reality crashes down on them, they will get violent.
And with that, Pogo takes a dive off the REALLY deep end.
Fred ™
March 4th, 2013
5:45 pm
pogo? Aren’t you the guy who thinks we have a King? I mean that WAS you who posted that at 4:27 right?
Moderate Line
March 4th, 2013
5:45 pm
These record profits makes Obama the worst Socialist ever.
Welcome to the Occupation
March 4th, 2013
5:47 pm
Oscar: “No, the money was better used going to Egypt. We need security in that area. It’s important to our national security”
Egypt is a vital need for American imperial interests, yes. You’re correct about that.
And guess what else is.
Iran.
Can you put two and two together?
Brosephus™
March 4th, 2013
5:49 pm
No thanks! I’ll just stop at a random bar when i hit town and find one lying around somewhere!
————–
EC @ 5:02
————–
Arms Akimbo @ 5:03
Excellent point about LNG railcars replacing the need for the Keystone pipeline.
Not as excellent as you think because my post had nothing to do with LNG. If you actually read the article I linked, the Canadian and American railroads are experiencing huge volume increases in Canadian crude oil from their oil sands. The increase is causing order increases for tank cars, which should, in theory, create jobs for people in that area. You should see an increase in jobs for rail workers too. None of that would happen if the pipeline were built. You’d have a short bump in construction jobs but not very many long term jobs.
Moderate Line
March 4th, 2013
5:50 pm
Jay
March 4th, 2013
5:45 pm
“The fallacy of this is, the host (the taxpayers) of this parasitic political ploy can only give so much before it dies.That is why Homeland Security is buying all of those armoured vehicles for use on American streets. Obama has sold his naieve supporters on the idea that they can get what they want for nothing. Behind the scenes he knows this can only last for so long and when cruel reality crashes down on them, they will get violent.
And with that, Pogo take a dive off the REALLY deep end
+++++++
Second that.
They call me MISTER JamVet.
March 4th, 2013
5:50 pm
Jury sees sick images at NY cannibalism-plot trial.
I saw this headline and thought OMG! Karl Rove and Peter King got hold of Chris Gibson and it didn’t turn out well for Chris!
http://alloveralbany.com/archive/2013/02/21/chris-gibson-ranked-as-most-liberal-republican-in
Ken
March 4th, 2013
5:53 pm
Do the same chart next year after Obamacare kicks in !!!
josef
March 4th, 2013
5:58 pm
TBS
UMC is an interesting institution. A lot of folks don’t know, but they pioneered heart transplants (not human, that was Dr. Banard in another forgotten corner of Western Civilization).
One of my favorite stories about them has to do with nurse midwivery. Mississippi was the only state which had never quit licensing midwives. UMC had the only program in the country for it. Back in the 1970s when the feminist movement began its agitation to “liberate birth,” a lot of them found themselves constrained to come to the colonies to get their papers stamped. As you might imagine, there was a heavy representation of radical-liberal-granola heads in their number.
They found themselves being drawn to our radical-leftie social clique. Listening to their stories was hilarious from the cross-cultural standpoint. See, one of the things UMC did was to bring in the midwives from the country to lecture. Never mind that these women had experience with thousands of births of every type, their “language” was next to impossible for these urban, middle class girls from Up Nawth to handle.
Joyce, one of the most critical, was aghast at the lecture she had been required to attend on breach births. The lady delivering it was in her 80s and had been a midwife for over 60 years up in the Delta.In that sterile lecture hall, she had at hand her spit cup, and her snuff in her lower lip. She punctuated her talk with “spats.” “Now guhrls, some time that baby be in there ass-backward (spat) the fust thang you gotta do is get that gal calmed down (spat) then you gotta…”
She went to talk to the professor and was told that when it came to breach births, she had a success rate of x, x, and x and was probably the foremost expert on them in the state and that when he was himself confronted with a difficult one, he got her on the line to walk him through…”
Poor Joyce…bless her heart…but I must give her her just due,,,she wrote an absolutely fascinating article about her experience and what she had learned as a medical worker and a woman. My favorite part, though, was her own self-effacing section on “learning a second language!”
Fred ™
March 4th, 2013
6:01 pm
Do the same chart next year after Obamacare kicks in !!!
For what purpose? If he did the exact same chart it would look EXACTLY the same.
Where do these people come from? Talk radio and FOX, dumbing down America 24/7…………..
fair and balanced
March 4th, 2013
6:06 pm
JAY- Now that it is the law of the land that corporations are people-why can’t you fathom them saving their stash and protecting their hard earned dollars? Give them a little amnesty fo roffshore hoarding and like most people, they will hoard even more.
“”"”"”"”"A loophole in our nation’s tax laws allows multinational companies and hedge funds to shelter enormous sums of money from taxes by creating offshore identities and using tax-haven banks.
Corporate executives claim that if they are allowed to bring the cash into the United States without paying taxes on it, they can use the money to create badly needed jobs. But a new report shows a tax amnesty would only be an incentive to stash even more money away overseas.
The study by the nonpartisan Citizens for Tax Justice (CTJ) shows the 20 companies that brought the most offshore profits to the United States after Congress approved a tax amnesty in 2004 have almost tripled the amount of profits parked overseas as they did at the end of 2005.
These corporations, which include well-known companies like Pfizer, Merck, Hewlett-Packard, Coca-Cola, Citigroup, McDonald’s and many others, collectively had $269.6 billion in “permanently reinvested earnings” parked offshore largely in tax havens at the end of 2004. This offshore hoard shrank as expected in 2005, to $152 billion, after these companies repatriated most of it in response to the tax amnesty. But their offshore hoard immediately climbed to new highs in the years afterward, reaching $426.5 billion in 2010.”"”"”"”"”"”"”"”"”"”"
http://www.aflcio.org/Blog/Corporate-Greed/Report-Corporate-Offshore-Profits-Tripled-Since-Last-Tax-Amnesty
Just human nature, Jay-deal with it.
Ken
March 4th, 2013
6:07 pm
Fred, It’s economics 101 ( overhead )
F. Sinkwich
March 4th, 2013
6:10 pm
josef wins the WTF award for that post.
josef
March 4th, 2013
6:11 pm
“Fred, It’s economics 101 ( overhead )”
Well, that course was certainly over MY head…
F. Sinkwich
March 4th, 2013
6:12 pm
f&b wins second place.
AFLCIO???
Bwaahahahahahahaha
josef
March 4th, 2013
6:13 pm
SINKWICH
Oh, it’s a cultural thing…I wouldn’t expect you to understand. I’m surprised you even gave a shot at it, though, considering it did have a lot of words in it…
Oscar
March 4th, 2013
6:17 pm
Welcome – Always had trouble with math. What answer did you get. You want us to give aid to Iran? Is that what you are saying?
Scrivener
March 4th, 2013
6:18 pm
Since you seem to be hating on those evil corporations and rich people, this is from the AP today:
“WASHINGTON (AP) — The poor rich.
With Washington gridlocked again over whether to raise their taxes, it turns out wealthy families already are paying some of their biggest federal tax bills in decades even as the rest of the population continues to pay at historically low rates.
President Barack Obama and Democratic leaders in Congress say the wealthy must pay their fair share if the federal government is ever going to fix its finances and reduce the budget deficit to a manageable level.
A new analysis, however, shows that average tax bills for high-income families rarely have been higher since the Congressional Budget Office began tracking the data in 1979. Middle- and low-income families aren’t paying as much as they used to.”
Oscar
March 4th, 2013
6:19 pm
I took econ 101 and 102. Good courses. Chose guns or butter but not both..Someone should have explained that to W.
Oscar
March 4th, 2013
6:22 pm
Did Obama say we need to cut back entitlements in the long term. I believe he did. He has been reading the CBO’s long term forecasts. He has.
Fred ™
March 4th, 2013
6:24 pm
Ken
March 4th, 2013
6:07 pm
Fred, It’s economics 101 ( overhead )
++++++++++++++++++++++++++
No it’s not, it’s failed logic 101. You are too simple to understand what you said and my reply back to it.
Oscar
March 4th, 2013
6:25 pm
Washington gridlocked again. News. Rates on highest bracket are lower than they have been in decades. How could they be paying more.
Escaped from Email Purgatory
March 4th, 2013
6:25 pm
I guess I agree with your proposition Bookman.
But couldn’t historically high profits for multinational corporations in relation to other metrics that contribute to GDP indicate that the other metrics are historically low? Isn’t that what the B of A Merrill Lynch dude was saying? At least it could be inferred.
And aren’t a big share of the profits reaped by the multi-nationals derived from the booming Asian markets?
How does all this make a mope like me, and an American 99%-er, feel good about our economy – or the prospects for improvement?
This blog seems like a good example of how Wall Street and Main Street serve different masters.
F. Sinkwich
March 4th, 2013
6:27 pm
Bro:
“The increase is causing order increases for tank cars, which should, in theory, create jobs for people in that area. You should see an increase in jobs for rail workers too. None of that would happen if the pipeline were built. You’d have a short bump in construction jobs but not very many long term jobs.”
Great logic! Let’s take it some steps further. Why rail? Why not trucks? Surely more jobs would be created by requiring transportation by road rather than rail. After all, a train has an enginner and some support folks, but nowhere near the number of truck drivers required.
Oh wait! Even better would be if we limit truck capacity to 1000 gallons. then many more smaller trucks would be required leading to even more jobs!
Oh wait again! Then we could install tolls on the roads traveled. Think about how many toll taker jobs would be created.
Bro is a genius.
appleseed
March 4th, 2013
6:29 pm
Yep the caviar better beware.
F. Sinkwich
March 4th, 2013
6:30 pm
“Did Obama say we need to cut back entitlements in the long term.”
No.
Fred ™
March 4th, 2013
6:30 pm
josef: some of them Delta brothers (and sisters) DO speak a different language lol. But it’s no different than the ones the brothers and sisters in rural South Georgia speak………… Of course we’uns who grew up with it can unnerstan……….
Kamchak ~ Thug from the Steppes
March 4th, 2013
6:30 pm
Fred, It’s economics 101
Is that the same neo-liberal, trickle-on, phlogiston economics they’ve been preaching as gospel for the past thirty years or so?
Fred ™
March 4th, 2013
6:33 pm
Bro is a genius.
Maybe, maybe not. One thing is certain though. Compared to YOU he sure as hell is. Your post didn’t make a lick of sense. After reading what he wrote and what YOU wrote it’s obvious you didn’t understand a damn thing he said……..
But hey keep on digging that hole of stupid, don’t stop and toss the shovel out yet. I KNOW you can go deeper………
Doggone/GA
March 4th, 2013
6:35 pm
“This one in HIV…first actual “cure” case…”
The article I read said it was the 2nd known case of a “cure”
Mark in mid-town
March 4th, 2013
6:36 pm
While most employees work for larger companies, most new net job growth has historically come via small businesses. What’s been happening is that we’ve been making it more difficult for new busineses to get started because of all the new regulations, rules and red tape that Obama and the Democrats have systematically been implementing. That manifests itself in several ways. Since fewer net new jobs get created because small business finds it much harder to expand or get off the ground at all, that increases the pool of available labor to the point that larger companies no longer have to increase wages to attract the labor they need. In fact, absent a healthy small business environment, larger companeis can decrease compensation and still have no problem attracting the labor they need. The answer to our dilema is a simple one. Get rid of the onerous regulations that make it difficult for small businesses to get off the ground. By the way, that’s what Reagan did and that’s what continued under Clinton. A remarkably healthy growth in small business absorbed the available labor to the point where larger companies had to actually try to out-bid each other to attract non-menial labor. We had a technology revolution going on under Reagan and Clinton, yet because it was easy for small businesses to get started and expand, there was far more demand for skilled labor than there was supply. That technology revolution was not decreasing the demand for labor under Reagan and Clinton, which is one of the excuses given for why job growth under Obama has been so abysmal. Just about anyone who wanted to work under the Reagan recovery and Clinton, could find a job, and anybody with skills could find a pretty good job for that matter.
Jay
March 4th, 2013
6:37 pm
“A new analysis, however, shows that average tax bills for high-income families rarely have been higher since the Congressional Budget Office began tracking the data in 1979. Middle- and low-income families aren’t paying as much as they used to.”
And the reason for that would be?
“Average after-tax incomes for the top 1 percent of households more than doubled from 1979 to 2009, increasing by 155 percent, according to the CBO. Average incomes for those in the middle increased by just 32 percent during the same period while those at the bottom saw their incomes go up by 45 percent.
“You’ve got to think about the context,” said Chuck Marr, director of federal tax policy for the Center on Budget and Policy Priorities, a liberal think tank. “We just had three decades in the United States where we had a tremendous increase in inequality.”
The growing disparity in income is a big reason why tax bills for the rich are approaching 30-year highs, Williams said. As the rich get richer, a greater share of their income is taxed at the top rate, he said.”
Oh, and this too:
“For example, the Internal Revenue Service tracks tax returns for the 400 highest-paid filers each year. Those taxpayers made an average of $202 million in 2009, the latest year available. Their average federal income tax rate: 19.9 percent.
That’s still higher than the tax rate paid by most middle-income families, but not by much.”
Now you know … the rest of the story.
Doggone/GA
March 4th, 2013
6:38 pm
“Is Egypt going to put that second Carrier and associated Battle Group in that area for us?”
What they CAN do is close the Suez Canal to us…which means if we want ships in the Persian Gulf we either have to sail them all the way around Africa, or all the way across the Pacific and Indian Oceans.
Kamchak ~ Thug from the Steppes
March 4th, 2013
6:39 pm
Enter your comments here
josef
March 4th, 2013
6:39 pm
FRED
About that…one of our crowd, L. the “African Nationalist Bad A33 N B*tch Lesbian Separatist” told Joyce that if she went to study in Germany, wouldn’t she learn German? She was not being funny when she told Joyce to tape the lectures and we’d interpret them for her. She did, and we did. The light began to dawn on Joyce. I gave her some lessons in the grammatical and syntactical structures. Before long, Joyce could even hold a fairly decent conversation in the language. At the time I was doing some translation of medical journal articles for some of the UMC staff. Joyce put that in her article when mentioning her “tutors…” I kinda made up for a lot of her less flattering comments earlier..
They call me MISTER JamVet.
March 4th, 2013
6:41 pm
Now that it is the law of the land that corporations are people.
Soap box time.
Notwithstanding that we have five disgraceful sellouts on the current US Supreme Court, I find that to be the single most sickening, perverted and anti-American claim imaginable. And proof of just how depraved and unashamedly craven the American right wing (primarily) has become.
Know this well, freedom loving Americans are repulsed by this deviant philosophy and will never turn over OUR sovereignty to artificial entities who have NO rights proscribed by that sacred document – the Constitution of the United States of America.
They are reserved exclusively for us real live human beings…
Escaped from Email Purgatory
March 4th, 2013
6:42 pm
Must disagree Fred (TM).
F’s post made sense (to me anyway). Private business is not obliged to conduct its affairs in a manner that generates the most jobs.
So a “Damn the inefficiency, full steam ahead” approach for the sake of generating the most jobs will bankrupt you. Unless your the public sector. And with decreasing tax revenues, that’s not working out so well anymore either.
Seems a well-managed, private business has a better chance of remaining a profitable, going concern. Not to mention a long-term employer.
Kamchak ~ Thug from the Steppes
March 4th, 2013
6:42 pm
Oops.
By the way, that’s what Reagan did and that’s what continued under Clinton.
Buying on credit, culminating with using homes as ATMs is what fueled demand during the 80s -00s. Time to pay off that credit.
josef
March 4th, 2013
6:43 pm
DOGGONE
The Berlin Case had certain elements (i.e. the bone marrow transplant) which are outside my pay grade in understanding, but from what I gather, were more specific to his particulars, This one was of the more “general” without those characteristics.
F. Sinkwich
March 4th, 2013
6:46 pm
Thanks for the feedback, Freddie. Well, not really, but bless your heart…
O’bozo WILL NOT approve Keystone XL.
He HATES fossil fuel. He hates it so much he will keep this economy in the ditch until he gets his way with solar powered windmills, POS Volts, white painted roofs and such. He killed coal and will kill oil if he gets his way. Ans he doesn’t care who suffers as a result.
As long as he “rules,” energy will always be expensive.
saywhat?
March 4th, 2013
6:47 pm
Pogo- “That is why Homeland Security is buying all of those armoured vehicles for use on American streets.”
—————————————————
What a waste of money. Shouldn’t they be buying black helicopters?
appleseed
March 4th, 2013
6:47 pm
Thomas you are out classed.If you have never started a business.You should not talk or touch any thing to do with business unless you get Master Freds permission.Ken you’re to simple to understand his instructions.Oh Lord it’s hard to be humble………….
Erwin's cat
March 4th, 2013
6:48 pm
Is your name Trojan Twister?
now that I think about it I have been called as much but in much more generic terms
Doggone/GA
March 4th, 2013
6:49 pm
Josef – my understanding of the “Berlin” case was that the transplant was for his cancer…and the HIV results was a bit of a surprise. In this case they are calling it the first “functional cure” because there are still traces of the virus, but it does not appear…at this point anywa…to be multiplying. You can be sure they will keep a close eye on this toddler to see if it does begin to replicate or not.
Kamchak ~ Thug from the Steppes
March 4th, 2013
6:49 pm
O’bozo**
**Witchie-poo spam. All rights reserved.
Doggone/GA
March 4th, 2013
6:50 pm
“What a waste of money. Shouldn’t they be buying black helicopters?”
Nah, armored vehicles don’t fall out of the sky if they run out of gas!
Mr_B
March 4th, 2013
6:51 pm
Noticed this little gem by Armsakimbo back on page one:
“Duke is forgiving the loan in exchange for exemption from carbon taxes on its coal fired plants.”
Nobody seemed to catch it since, but it seemed worthy of comment. A Google search fro the above statement return only ONE hit that could be remotely connected with the statement, i.e. this blog.
In other words: making sh*t up out of whole cloth.
josef
March 4th, 2013
6:51 pm
DOGGONE
@ 6:50
That was funny!
josef
March 4th, 2013
6:51 pm
DOGGONE
@ 6:50
That was funny!
Erwin's cat
March 4th, 2013
6:52 pm
You can be sure they will keep a close eye on this toddler to see if it does begin to replicate or not.
to show my ignorance on the subject (you can be either broad or deep) but can they somehow use his blood err whatever to make a vaccine?