Unemployment is high and jobs are down right?

[holiday]

I thought I read a statistic here that corporations are paying way lower taxes than an average american. Then I know that Dubya signed that corporate giveaway bill.

So if the corporations have so much more money now than they use to, why are all the factories around here shutting down? Why is unemployment up and jobs down. Why aren't they using that money to give people more jobs?

What was corporate America like in Clinton's time? Because we had tons of jobs during the Clinton years.

[kcwayne]

1. They are using that money to build factories and hire people

in China and India.

The current trend was actually started by Clinton with the passage of NAFTA. It has simply accelerated tenfold under Bush, so that no companies look to invest in the US, other than in the distribution channel for moving products from China into the US.

[Warpy]

2. Cutting their taxes freed up enough money

so that they could make the transition to offshore "vendors." Throwing anyone out of work has a ripple effect as that one person's demand for goods and services evaporates. Multiply it by thousands or millions, and you start to see ripples expanding from every plant shutdown, every closure of boiler room phone banks, as people stop getting their hair cut by professionals, forget about that yearly physical, can no longer afford Happy Meals for the kiddies, make those old clothes last another year, go to thrift shops to try to find the next pair of shoes.

Supply side economics is a scam that has about run its course, and the only thing left is the collapse.

Perhaps then we can start talking about demand side economics again, and how fattening the rich and starving the workers only shuts the economy down.

[dweller]

3. CEO's salaries

always on the increase. Gotta pay big for non-results.

http://money.cnn.com/2004/07/28/news/economy/ceo_pay/?cnn=yes

dp

[fasttense]

4. The trickle down economy at it's best.

It never worked when the kings and queens had all the money and the surfs had nothing. Why do they think it will work when the CEOs have all the money and the average citizen has none?