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Politics : Formerly About Advanced Micro Devices
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To: tejek who wrote (643836)1/27/2012 9:11:10 PM
From: puborectalis  Read Replies (2) of 1583403
 
Many of the bigger American companies have reported strong profits in recent months, too.

Companies like General Electric and Lockheed Martin closed the year with record order backlogs, a sign that, at least for some businesses, demand is so strong that they cannot produce quickly enough. The backlogs portend solid growth in coming quarters, and suggest to some economists that the United States could weather the European debt crisis relatively unscathed after all.

On the other hand, corporate success has not translated into big benefits for American workers and consumers so far in this recovery. Today, the nation produces more than it did when the recession began in 2007, but it manages to do so with six million fewer jobs.

Companies seem reluctant to use their mounting profits to invest in new workers.

“Businesses have been holding much higher levels of cash than they have in past,” said Conrad DeQuadros, senior economist at RDQ Economics.

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