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According to Smart Money Magazine, here is what corporations are doing


Posted: Mar 12, 2011

"Yes, companies have boosted profits—to near-record levels—by slashing costs."

That's also what I have been seeing. The companies are making more money than ever before, taking advantage of those tax breaks, but they are pleasing stockholders by cutting costs (and people) in order to do it. That's very good business for them, but not so much for Americans who need to work.

This is not a political comment, because it has been happening under both administrations.

 
;

Tax cuts and cost-cutting (layoffs) - Are not

[ In Reply To ..]
Expansion. And many companies, especially in the financial sector are benefiting from QE.

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