Corporate Profits Have Grown By 171 Percent Under ‘Anti-Business’ Obama
Source: ThinkProgress
Business executives like to portray the Obama administration as the most anti-business in history, creating an increasingly hostile environment for investment and job creation. However, the data tells a far different story. According to a Bloomberg News analysis, corporate profits have grown by 171 percent under Obama, the most in the post-war era:
"U.S. corporations after-tax profits have grown by 171 percent under Obama, more than under any president since World War II, and are now at their highest level relative to the size of the economy since the government began keeping records in 1947, according to data compiled by Bloomberg.
Profits are more than twice as high as their peak during President Ronald Reagans administration and more than 50 percent greater than during the late-1990s Internet boom, measured by the size of the economy."
Average annual corporate profit growth under Obama is the highest since 1900, whereas profit growth declined during both Bush presidencies. As a share of the economy, corporate profits have never been higher.
Read more: http://thinkprogress.org/economy/2013/01/17/1461871/corporate-profits-anti-business-obama/
theaocp
(4,245 posts)More corporate love? They sure aren't spreading the wealth around, so maybe they need more strokin'. Just disgusting.
SpankMe
(2,970 posts)...it can at least be stated that he did nothing to curtail the robust business climate. So much for being anti-business.
Republicans still say the recovery numbers are anemic and that the recovery would be faster under their policies. But, these numbers are the best since WWI and the 1950's. How much 'better' could they have made it?
banned from Kos
(4,017 posts)recessions. But we experienced a full scale financial crisis not seen since the Great Depression. Witness the plunge in asset values 2008-09.
I maintain that Obama and Bernanke did heroic work and prevented something similar to the GD.
TwilightGardener
(46,416 posts)Teamster Jeff
(1,598 posts)progressoid
(49,999 posts)Any day now...
AAO
(3,300 posts)Enrique
(27,461 posts)and both presidential candidates ran on cutting corporate taxes.
Autumn
(45,120 posts)no matter which politician is in charge. They do not represent the people, other than an occasional bone tossed out there.