Unlike competition, U.S. values profits over jobs

Sounds like they are getting rid of weak, lame and lazy.

Restructuring. That's what is supposed to happen after a recession. Totally normal.

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 ?

But more profits = gooder for everyone!

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.

Sure Derby, you are the best economist I know
We should put you in command, Mr. Planner.

You should know you can't piss off the job creators, Derby. Profits are privatized, losses are socialized is the mantra. If you don't like it, move to North Korea.

Thank you. Vote for me on May 2 .... and then Nov 6 next year.

And people say Americans are lazy.

I think they are saying the lazy are getting fired and not hired again.

I see Derby is putting his Doctorate of Capitalist Economics from the People's Democratic University of Pyongyang to good use again.

Not at all. In fact you should be the first person to be saying this. You hate Wall mart because of what they do.

You've read the BS about how your megacorps don't pay taxes on profit made in the US and offshore jobs at an increasing rate.

Its not a government socialist plot to make corporations pay their fair share right?

Part of the problem in the USA is that our corporate tax rate is 35%. Canada's is 22%, for instance.

I'm all for them paying their fair share so long as it is actually fair and competitive with the rest of the world.