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Yet the US economy is suffering the worst. People need jobs more then companies need fatter profits, especially the big companies like GE that make 5+ billion in profit yet pay no tax.
In the end an economy with a large unemployment will find itself faltering.
That's another problem. The problem you are talking about is the lack of NEW job creation (i.e. new companies). The company that is restructuring has nothing to do with that. The lack of job creation is the fault of the uncertainty of their economy with the government pouring hundreds of billions in the economy. Would you try to start an enterprise in the US at the moment ?
No. Did you not read it? Companies retained fewer staff then previously and did not rehire staff as the recession ended. That is driving unemployment very high. The economy is growing which means new jobs are being created but the ones still lost remain lost.
Add to this the fact that while these companies are making record profits and not paying any tax the US deficit & debt are at record levels. People have no jobs and the government is going broke helping not only the workers but bailing out all those failed companies that are now not hireing people.
With the government pouring billions into the economy IS EXACTLY the time to start an enterprise. The government is essentially subsidizing companies. That is why Canada gives tax credits, to help start new businesses and allows deffered tax on new businesses to minimize the shaky start that often causes new businesses to fail.
If our "capitalist" society is going to benefit from a socialist government agenda helping them out then they had fricken better do their part by hireing lots of workers. If they don't then I say no government money whatsoever to help bail them out and no tax loop holes or deffered taxes. That's "socialism".
The government can then use all those billions they gave to corporations to give back to the people.
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