Comment

#Breitbart.com Desperately Tries to Keep the Benghazi Fake Scandal Alive

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BigPapa11/24/2012 11:15:53 am PST

re: #496 Political Atheist

Setting aside the wingnut side, I have a question about those numbers and it goes to motive.

How much of this is abject greed, and how much of it is an artifact of profitability from costs that were cut to survive the worst months, and a continuing period of inadequate demand? I say this from a perspective of a guy that works in the manufacturing sector. Wall street is all voodoo to me, as far as work experience goes. Where I work it’s about patience and caution. Waiting for demand, and cautious about what product will be getting the attention.

The wingnuts assume it’s all good, ThinkProgress presumes it’s all about evil greed.

If I was a CFO or executive I’d be in a cash hoarding mode when the economy flipped, at least at first. There is a risk of hoarding too much and not putting that cash to work for your corporation, which is the concept being posited here. I don’t doubt their motivations and on a practical level don’t hold it against them to want to grow cash reserves.

On a deeper level something is wrong here. A rising tide lifts all boats does not seem to be happening. It’s reasonable to assume it would be better for the country for corporate profits and wages to increase somewhat commensurate. If wealth really is based in the middle class then we as a nation are becoming poorer when the middle class doesn’t improve in a recovery.