Hard to agree with this guy....

It's not a corporation's place to social engineer. Or create jobs just for the sake of being a do gooder. Piling up profits is what they are supposed to do then pass the wealth to their stock holders.

 The danger only comes when they finance governments! It's the cozy relationships, such as Oba mama's to Jeff Imelt of G.E

Gotta Love That Worker Productivity! - Decline of the Empire

Today we have another story typical of our times, another episode of our favorite daytime soap opera The Rich Get Richer. Corporations are piling up huge profits and sitting on huge piles of cash even as they lobby for lower taxes and avoid hiring new workers. McClatchy gives us the story in Strong corporate profits amid a weak economy - what's up with that?

WASHINGTON — U.S. corporations continue to post strong profits quarter after quarter, even as the unemployment rate remains high and the U.S. economic recovery plods along in fits and starts. What gives?

Corporate profits grew 36.8 percent in 2010, the biggest gain since 1950, according to Friday's latest report from the Bureau of Economic Analysis. No sign could be more clear that U.S. companies see the so-called Great Recession in the rearview mirror.

The strong profits, however, mask the continued difficult terrain for businesses. Yes, profits are high, but that doesn't mean business is strong.

[U.S. Chamber of Commerce chief economist Martin] Regalia and other analysts think several factors are behind the strong profits, which seem to contradict other indicators of an underperforming economy, especially the 8.9 percent unemployment rate. These factors include record low interest rates since late 2008, muted demand for borrowing by companies and a surge in productivity that has allowed companies to do more with the same number of workers or fewer.

Profits aren't rising solely because companies are making and selling more widgets to keep up with customer demand, which would be the case in a healthy, booming economy. Instead, they're more profitable because it now costs less to make the same widget, often because there are far fewer workers needed to make it...

According to the Gallup polling, unemployment is 10.2%, but more importantly, worker productivity is on the rise.