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Though I understand how difficult to break out of the mindset of higher profits = good business = more employment, it’s something we must do.

I’m going to cheat and give you his bottom line:

Bottom line: Higher corporate profits no longer lead to higher employment.  We’re witnessing a great decoupling of company profits from jobs.

The next supply-side economist who tells you companies need more incentive (i.e. lower taxes) before they’ll hire is living on another planet.

The reality is this: Big American companies may never rehire large numbers of workers. And they won’t even begin to think about hiring until they know American consumers will buy their products. The problem is, American consumers won’t start buying against until they know they have reliable paychecks.

And that’s the cycle they’re comfortable in right now, and why shouldn’t they be?  It’s working for them.

<rant>

I’m inching toward being an enemy of efficiency.  It has it’s time and place, but when corporate America keeps driving wages down and the CEO wages up when they slash the businesses they control down to the bone, something has gone wrong with America.  I enjoyed this segment from TRMS last night if only because it told the truth.

I know I’m not revealing any unknown truths here, but I had to rant a bit (probably because of that segment!) and I feel better now…

Drifty would put it in his typical Chicago way:

There is a club.

You’re not in it.

</rant>

As good as it gets at this point:

Thank you, Pete!

I continue to be impressed with his civility, regardless of the behavior of the craven idiots on the other side of the aisle.

Speaking of which:

And Republicans sort of take this stance that the best thing we can do is slow everything down so as little can happen as possible, so that we can both blame Democrats for not having stuff happen, like jobs bills and stuff like that. And so that, you know, I mean sometimes it’d be a legitimate difference of opinion on something, but sometimes it’s been ridiculous. But I do think that this whole approach of slowing everything down, in many ways I think it’s so that, they don’t want a jobs bill because they don’t want people to get jobs before the election. It’s a harsh thing to say, and I don’t want to impugn the motives of my colleagues, but I don’t get what they’re doing otherwise.

You can even watch:

I’ve been watching memeorandum for some poutrage over Al’s statement but I’ve come up dry…so far.

Of course, the truth may be giving them enough fits to ‘splody their heads…

Dumbasses…