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The economic recovery turns 2: Feel better yet?

BDBoop

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The economic recovery turns 2: Feel better yet? - USATODAY.com

Executive pay is included in this figure, but rank-and-file workers are far more dependent on regular wages and benefits. A big chunk of the economy's gains has gone to investors in the form of higher corporate profits.

"The spoils have really gone to capital, to the shareholders," says David Rosenberg, chief economist at Gluskin Sheff + Associates in Toronto.

Corporate profits are up by almost half since the recession ended in June 2009. In the first two years after the recessions of 1991 and 2001, profits rose 11 percent and 28 percent, respectively.

And an Associated Press analysis found that the typical CEO of a major company earned $9 million last year, up a fourth from 2009.

Well hey. I'm glad somebody is doing well.
 
"Are you better off than you were 4 years ago?"

ME: No.
 
But you would be better off if you were on the other side of the equation. 25% better off, as a matter of fact. Life would be very good, indeed.

It must be like 'through the looking glass', over there.
 
But you would be better off if you were on the other side of the equation. 25% better off, as a matter of fact. Life would be very good, indeed.

It must be like 'through the looking glass', over there.

Perhaps - but I don't put much weight into hypotheticals, and I certainly don't buy into the whole class warfare stuff. Look, bottom line is if the situation were reversed and CEO's were getting royally screwed and the workers had the opportunity to make 25% more, of course they'd take it, in a heartbeat.
 
Maybe I am counting wrong...but shouldn't his be our second recovery summer?

500,000 jobs a month, isn't that what Uncle Joe Biden promised?
 
But you would be better off if you were on the other side of the equation. 25% better off, as a matter of fact. Life would be very good, indeed.

It must be like 'through the looking glass', over there.

It would be better, if we didn't have an anti-small business government that is constantly over-reaching with too much regulation.

Those fat cat CEO's making less money isn't going to help me one damn bit.
 
500,000 jobs a month, isn't that what Uncle Joe Biden promised?

Well, you gotta hand it to'em, we only lost 2 million jobs in the past 12 months.

What's the Libbo talking point on that? "It coulda been worse"? :lamo
 
Well, you gotta hand it to'em, we only lost 2 million jobs in the past 12 months.

What's the Libbo talking point on that? "It coulda been worse"? :lamo

Actually I think it is and was ... isn't that the entire talking point that supports the stimulus package? Didn't the administration say if they didn't do the stimulus, we'd have gone into a depression or it would have been so many time worse or something like that?
 
"Are you better off than you were 4 years ago?"

ME: No.

Since the OP made no mention of the past 4 years, why bring it up? Are you better off than you were 2 years ago?
 
Somebody get this recovery off of me, I can't breathe!
 
You come talk to me about a recovery when unemployment starts dropping, and I mean really dropping.
 

Yes, indeed.

You'd only have to be CEO for one year at an average salary of nine million, and you'd be set for life.

Let's see.. nine million, less taxes, about six million, invested at a steady 5%, and you have three hundred grand a year for doing nothing.

Oh, yes, and it would be taxed at the capital gains rate.

I could do that. Where can I get that temporary CEO job again?
 
Yes, indeed.

You'd only have to be CEO for one year at an average salary of nine million, and you'd be set for life.

Let's see.. nine million, less taxes, about six million, invested at a steady 5%, and you have three hundred grand a year for doing nothing.

Oh, yes, and it would be taxed at the capital gains rate.

I could do that. Where can I get that temporary CEO job again?

But that person would invest all that money, which helps all of us.
 
Well, you gotta hand it to'em, we only lost 2 million jobs in the past 12 months.

What's the Libbo talking point on that? "It coulda been worse"? :lamo

I think you need to get your facts in order

There has not been 2 million job loss's in the last 12 months

In fact from May 2010 to May 2011 roughly 440 000 jobs have been created
 
But that person would invest all that money, which helps all of us.

1) They would? Really? I doubt it.

2) And it would help 'everybody' - how, exactly? Because here's the thing: they've been doing that all along. And we're not being 'helped.'
 
But that person would invest all that money, which helps all of us.

You are either dreaming or smoking some serious stuff if you believe that..

We have had the tax cuts for about 10 years now.. Where are the jobs??

Republicans haven't let the dems make any major changes.. The tax cuts at the cost of $320 billion a year are still there.. Stimulus wasn't as big as we wanted.. No public option to control healthcare costs.. And you shmucks look to dems to fix this..

Welcome to the republican economy..

Which is better for the economy?? Some moron putting his millions in the bank to do nothing?? Or lower class people getting a raise who will most definately spend it buy things they don't have??

If you need belp with that then your an idiot..

The 3% of the people that are rich do not stimulate or drive the economy.. The 97% that are not so rich do.. The sooner republicans realise that the better.. Help the poor and you help the economy.. Not that you all care.. You are trying to kill the economy to regain the white house.. The drun beat blaming the dems has already started.. Even though repubs have prevented the dems from actually fixing the economy..

Typed using my Evo Shift.. Sorry for typos..
 
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smoking some serious stuff if you believe that

Why do you hate weed?
 
1) They would? Really? I doubt it.

2) And it would help 'everybody' - how, exactly? Because here's the thing: they've been doing that all along. And we're not being 'helped.'

That's exactly what I said I'd do with it, isn't it? Invest it in a conservative portfolio, making 5%, therefore $300,000 a year for doing nothing, and taxed at the lower capital gains rate. It would be a great benefit to me. I'm not sure how it would benefit anyone else, but, screw them. I've got mine!

Or, would have if only I could be CEO for a year.
 
That's exactly what I said I'd do with it, isn't it? Invest it in a conservative portfolio, making 5%, therefore $300,000 a year for doing nothing, and taxed at the lower capital gains rate. It would be a great benefit to me. I'm not sure how it would benefit anyone else, but, screw them. I've got mine!

Or, would have if only I could be CEO for a year.

Yes. I wish to be included in that "CEO for a year" line as well.
 
That's exactly what I said I'd do with it, isn't it? Invest it in a conservative portfolio, making 5%, therefore $300,000 a year for doing nothing, and taxed at the lower capital gains rate. It would be a great benefit to me. I'm not sure how it would benefit anyone else, but, screw them. I've got mine!

Or, would have if only I could be CEO for a year.

Are you kidding? Do you know why investment can make you money and what the benefit of investment is?
 
Yes. I wish to be included in that "CEO for a year" line as well.

There's a reason that won't happen. You have to prove your skills before you can become a CEO (not a knock against you personally, I'm just saying that it's not as easy as you're trying to portray it).
 
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