Where the Rubber Hits the Road

An excellent analysis of the current economic challenges that confront the Americans, and by extension we here in Canada from David Frum. He demonstrates a clear understanding of the forces that affects corporate executives as they chart a path of financial survival if not success. Corporate profits are running stronger than they have been in years. The penultimate example being the recent report which stated that Apple Corp. held more cash resources than does the US government... resource and oil companies are running almost as well. Recessions are also times when weaker firms either fail or become sufficiently enfeebled that they are purchased by larger holding companies (such as the one that Mitt Romney ran) which usually break up the company and sell off its assets, making a quick profit for their shareholders but extinguishing the employment for entire communities.  This has been our experience here in Mattawa. Smaller, weaker mills were purchased by larger corporate comp...