Economic Recovery Catch 22

Booming profits mean that American corporations are saying adios and au revoir to the Great Recession. Second quarter earnings for Caterpillar are up 44%, G.E. up 21 %, and MacDonald's up 15 %. For these three companies alone we are talking about billions of dollars in profits.

Now, what about American workers? Well, millions are still out of work with unemployment stuck at 9.2%.

Those numbers demand an answer to the question, "If American corporations are making record profits why aren't they hiring?"

The truth is, they are hiring - just not here in the United States of Corporate Greed and Stupidity. While 2.4 million people were hired overseas, 2.9 million were let go in America. The corporations are squeezing the life out of existing workers because the CEOs know that these people have no place else to go. This is one reason why unions are more important now than ever before - Corporate Greed!

Now for the Catch 22. The corporations don't want to squander their vast wealth by hiring American workers because the corporations are not convinced that there are enough Americans who can afford to buy their products.

How the hell do these corporate geniuses even manage to dress themselves in the morning?

Maybe if more people had jobs, they would also have more money to spend. Is that really too hard to understand?

Apparently so, and these are the people the Tea Bagger Republicans want to keep subsidizing with our tax dollars.

How freakin' dumb is that, y'all?