obama and regulataions anti business

JC29856

the makers and the takers and the job creators....

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 Reagan’s 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.

Unfortunately, this profit deluge has not been shared by workers, whose wages as a percentage of the economy have fallen to all-time lows. Workers also got dinged by the recent increase in the payroll tax, which was large enough to wipe out a minimum wage increase in some states.

JC29856

hmmm...corporate profits all time high and wages all time low... makes perfect sense!

know1

JC29856 wrote:

the makers and the takers and the job creators....

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 Reagan’s 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.

Unfortunately, this profit deluge has not been shared by workers, whose wages as a percentage of the economy have fallen to all-time lows. Workers also got dinged by the recent increase in the payroll tax, which was large enough to wipe out a minimum wage increase in some states.

Can you provide a link to this study? If true, this has been kept remarkably quiet by most media outlets.

JC29856

sorry... this was also reported back in the summer

why would corp media want this front page??

www.bloomberg.com/news/2013-01-17/corpo ... olicy.html


http://www.businessinsider.com/corporat ... low-2012-6

mikepegg44

profits at an all time high, if you compare dollar to dollar. time value of money is a tricky thing though.


Plus when you dump a trillion dollars of new money into the economy, what do you think is going to happen?

JC29856

mikepegg44 wrote:

profits at an all time high, if you compare dollar to dollar. time value of money is a tricky thing though.


Plus when you dump a trillion dollars of new money into the economy, what do you think is going to happen?

please explain further....the report compares profits "measured by the size of the economy"

more specifically, how "dumping a trillion dollars of new money into the economy" ends up on companies income statements?