The effect of those Socialist policies?

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The Commerce Department said corporate income was much better than it had thought.


Using available data from 2009 corporate tax returns, the department raised estimates of corporate profits by 8.3 percent for 2009 and 10.8 percent for 2010.


The figures indicate that corporate profits accounted for 14 percent of the total national income in 2010, the highest proportion ever recorded.


The previous peak, of 13.6 percent, was set in 1942 when the need for war materials filled the order books of companies at the same time as the government imposed wage and price controls, holding down the costs companies had to pay.


In the first quarter of 2011, corporate profits accounted for 14.2 percent of national income, well above the 13.1 percent that had previously been estimated.





http://www.nytimes.com/2011/08/06/b...chasing-corporate-profits-off-the-charts.html
 
The whole myth of the republicans being the fiscal party is just laughable.


the republicans just keep claiming it no matter what the facts are.
 
More economic and financial ignorance from the left. Corporate profits are not in and of themselves an indicator of the financial strength of the economy. I guess I need to provide a much needed finance lesson and I will try to do so in a way that even libtards can understand.

Profit = revenue - expenses

There are two ways for profit to increase. Increase revenue or decrease expenses. Since 2008 corporations have been doing the latter. There hasn't been much of the former. Of course, I don't expect facts to matter to sycophant OWEbama lovers.
 
FactsRStubborn said:
More economic and financial ignorance from the left. Corporate profits are not in and of themselves an indicator of the financial strength of the economy. I guess I need to provide a much needed finance lesson and I will try to do so in a way that even libtards can understand.

Profit = revenue -

There are two ways for profit to increase. Increase revenue or decrease expenses. Since 2008 corporations have been doing the latter. There hasn't been much of the former. Of course, I don't expect facts to matter to sycophant OWEbama lovers.
Click to expand...

Total fabrication. Loser
 
Socialism sure is killing our economy, isn't it?


Stocks closed at multi-year highs on Thursday, with the S&P 500 ending at its highest level since before the collapse of Lehman Brothers...



The rally was broad, with more than three-fourths of stocks listed on both the New York Stock Exchange and NASDAQ ending higher.



Materials, financials and industrials - groups tied to the pace of economic growth - led with gains of more than 2 percent, giving the Dow index its biggest daily gain in two months and helping the NASDAQ advance to its highest since 2000.



http://www.reuters.com/article/2012/09/06/us-markets-stocks-idUSBRE88308620120906
 
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