Rosy earnings show corporate America is back
Consumers starting to spend more, but companies yet to ramp up hiring
CHICAGO - Corporate America is back.
Companies that do everything from making appliances to selling cruises are reporting strong first-quarter profits — not because of the layoffs many of them used to dress up last year's earnings reports but because people are spending more.
The turnaround has yet to produce a dramatic increase in hiring, which isn't expected until 2011 or later. But it provides emphatic new evidence that the economy has moved past the crisis and should continue to strengthen.
GO HERE to read more.
DelMarVa's Premier Source for News, Opinion, Analysis, and Human Interest Contact Publisher Joe Albero at alberobutzo@wmconnect.com or 410-430-5349
4 comments:
I know, if the rest of America is kicking A$$, let's blame Rick Pollitt and Jim Ireton for the DEPRESSION we're in here on the Eastern Shore.
In fact, let's ask our State Offiucials to rent all of our empty buildings to feed this false economy even more.
And everyone wonders why the Blogs are blowing away the MSM! Some of us would never fall for this line of crap, just look around.
Oh, that is, unless you're one of the high paid government employees, that is. They keep getting raises while others get laid off or furloughed.
I have talked to several people who are on unemployment. They apply for jobs but the only thing they are offered is "part time". If they HAD to make ends meet they could take 2 part time jobs. It is too easy to stay on unemployment. So there is a way to make ends meet. What will these people do when there is NO money left in the government to pay them NOT to work. Things are better than we think we we are not back where we were and might never get back there.
Here is the simple truth:
The Public Sector is funded by the Private Sector.
Taxes are levied according to the needs of Public Sector costs.
In a bad economy, the Private Sector shrinks. Their contributions towards funding the Public Sector shrinks.
You can hire more people to work in the Public Sector but that requires more taxes from the Private Sector. Eventually, you bottom out.
When there is nothing left but the Public Sector to tax (in order to fund the Public Sector), things will get messy because there are no contributors left to the fund that supports people that aren't in the Public or Private sector.
There is no such thing a "money left in Government". This is money coming from the Private Sector that, if you destroy, destroys our Government.
so everyone else is is wrong and you are right? Where are your statistics?
Post a Comment