The Bush-Obama tax cuts are failing to create jobs...

[richardhutnik]

goforgold said:

richardhutnik said:

goforgold said:

<---- is what's going on right, now everything else is fucking bullshit

and unfortunately this is considered "American"

 

1.Thing is that businesses aren't charities.  Even when times were good, they would still layoff workers and maximize profits.  That has been going on a decade or so.  Idea is to get more and more out of workers without paying for the increases in productivity.  Having people salaried helped a lot to.  But, another factor, abiove all, is that business just can't see what the future would hold now.  Even the guys on top are clueless, so they aren't sure if it is worth hiring.   Also, there has been a very large push as time goes on for "just in time" labor.  Business staff up exactly what they need when they need it.  This means on retail, people working weird hours and no one has anything permanent.  This also helps to 2.maximize profits.

1. your joking right.....please tell me you kidding

2. yeah the "Maximize profits" is what's killing the country, shit it's killing the whole damn world economy

Would you rather I say businesses ARE charities?  They aren't.  The end up working to maximize profits.  That is how they work.  Of course, how they do this can be done a lot of ways, and whether they think short or long term.  If they think short term, they will totally ruin long term profit potential.  Beyond this, one needs to ask if maximizing profits is the ONLY set of values that society has.  If society has more values, then things that run against long term interests can be mitigated to a certain degree.

And yes, short term maximizing of profits can not only kill a country, but also an economy.   You can create systemic issues in the economy that can't be gotten out of easy.  And the idea of deficit spending, suggested by Keynes, and gospel by economists now, has been done for years, so there isn't much else to go back to.