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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: tejek who wrote (643836)	1/27/2012 9:11:10 PM
From: puborectalis	Read Replies (2) \| Respond to of 1582685

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.

To: tejek who wrote (643836)	1/27/2012 9:13:27 PM
From: TimF	5 Recommendations Read Replies (2) \| Respond to of 1582685

Tim, I am sick to death of you all trying to rewrite history. The recession in 2001 was a mild one Nice straw man, I never said it was severe. I said that you overstate the difference. A mild recession and a severe recession might be more like the difference between a strong gale or tropical storm, and a category 1 or 2 hurricane (with cat 5s being something like the great depression), not like the difference between a spring rain and a monsoon. I also said the difference wasn't relevant to the point being discussed. The fact that the later recession was more severe, doesn't change the fact that Sullivan distorted the picture, either carelessly or dishonestly. He talks about adding jobs when there has been a net loss of jobs for Obama. Nothing about the relative severity of the recessions is relative to that point. He assigns both the recession Bush inherited (technically it started the March after he took office, but he hardly caused in in those few months), and the recession Obama inherited to Bush. Really assigning recessions to presidents is somewhat unreasonable to being with, presidents don't have that level of control over the economy, at least not most of the time, but if you do want to make such assignments, you can't reasonably assign both to Bush.