Saturday, June 23, 2012

President Obama Was Right - The Private Sector is Doing Fine

President Obama Was Right - The Private Sector is Doing Fine - Corporate Profits Just Hit An All-Time High, Wages Just Hit An All-Time Low

In case you needed more confirmation that the priorities of US companies and the US economy are screwed up, here are three charts for you.

1) Corporate profit margins just hit an all-time high. Companies are making more per dollar of sales than they ever have before. (And some people are still saying that companies are suffering from "too much regulation" and "too many taxes." Maybe little companies are, but big ones certainly aren't).

Corporate profits are climbing yet private sector not adding jobs

2) Fewer Americans are working than at any time in the past three decades. One reason corporations are so profitable is that they don't employ as many Americans as they used to.

Right-Wing Media Side With Pro-Romney Forces In Wash. Post's Internal Bain Capital Dispute. Romney and Bain sent jobs, from companies they raided and sent them to Asia and Mexico. That is a fact and no amount of conservative Republican word games will change that fact. The reason conservative propagandists like Fox News, Hot Air and The Blaze are so outraged is that this fact about Romney screws with their lame attempts to portray Romney as someone who can relate to the middle-class.