Why Wall Street considers record unemployment to be a good thing

[rollingrock]

Run time: 05:17 https://www.youtube.com/watch?v=_HerWORFyIw   Posted on YouTube: July 29, 2009 By YouTube Member: Views on YouTube: 0   Posted on DU: July 29, 2009 By DU Member: rollingrock Views on DU: 850

 
How to show a profit in bad times...and artificially inflate the stock market.

[Skink]

1. When H1N1 started up and they started closing schools the malls were empty.

That's right folks. This is Alex Jones and the end of the world.

[alandthekaydas]

2. payroll cuts are the green shoots

Green shoots. HA! Don't believe this fake recovery for a second.

[rollingrock]

5. Mass layoffs, consolidation,

relocating to 3rd world countries for the cheap labor, moving their headquarters to the Bahamas in order to avoid paying taxes, etc. just a few of the methods corporations love to use to make quick and dirty profits.

[Stapz]

3. did not watch but its because of commoditized labor

too bad labor is impossible to successfully operate as a commodity, people need food etc, and can only fill the profit (inefficiency) gaps so far

[burning rain]

4. Wheeeeee! Lay off all your workers & really get your payroll where it needs to be!

And when lots and lots of people are out of work, you have a real reserve army of the unempoyed, as Marx called it, which helps hold down wages and benefits. It's a win-win for the plutocrats!

[Pharaoh]

6. Is he in the attic?

It looks like he's reporting from the attic :rofl: :rofl: :rofl:

Does his wife banish him to the attic?

:shrug: