and then, there's fred clark. when we first met him last year, clark had lost his job as a logistics manager for united technologies. he is still unemployed. what are your expectations for 2011? >> get a job. >> reporter: you think you will? >> i have to. >> reporter: but while millions are still reeling and out of work, with the fed predicting no relief any time soon, for the richest americans, the good times are once again rolling. posh restaurants are crowded, and christie's auction house says bids for expensive items are pouring in again. >> that's what we've been told since jfk, that a rising tide lifts all boats. but in this current economic period it looks more like a rising tide only lifts yachts. >> reporter: fred clark's old company, united technologies, posted a $1.2 billion profit in the third quarter, up 13% from the year before. united technologies has $5.7 billion in cash. >> corporate america is sitting on piles of cash and not hiring, basically because it is concerned about the future. it is conce

then there's fred clark. when we first met him clark had lost his job with united technologies.oyed. what are your expectations for 2011? >> get a job. >> do you think you will? >> i have to. >> reporter: but while millions are still reeling and out of work with the fed predicting no relief any time soon, for the richest americans the good times are once again rolling. posh restaurants are crowded. christie's auction house has bids for expensive items pouring in again. >> that's what we've been told since jfk, that a rising tide lifts all boats. in this current economic period it looks like a rising tide only lifts yachts. >> reporter: fred clark's old company, united technologies, posted a $1.2 billion profit in the third quarter, up 13% from the year before. united technologies has $5.7 billion in cash. >> corporate america is sitting on piles of cash and not hiring, basically because it's concerned about the future. it's concerned about whether or not there's going to be sustained consumer demand. >> reporter: hosea feed the hungry in atlanta served 8,000 people last year. th