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US corporations post 'near-historic' profits, as poverty and joblessness increase: Now what?

US corporations post 'near-historic' profits, as poverty and joblessness increase: Now what?

Pamela Powers's avatar
Pamela Powers
Oct 04, 2010
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Powers for the People
US corporations post 'near-historic' profits, as poverty and joblessness increase: Now what?
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This week, the Huffington Post reported that corporate profits are at "near-historic" levels-- up 38% compared to the same time period a year ago.

It's a pretty disgusting article about how layoffs, outsourcing, and low interest rates have allowed corporatists to rake in the cash-- and hoard it-- rather than reinvest it, which would improve the nation's …

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