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Fri Oct 26, 2012, 07:17 PM

‘Anti-Business’ Obama is Best President for Corporate Profits Since 1900 [View all]

Source: Think Progress / Mötley Fool

‘Anti-Business’ Obama Is Best President For Corporate Profits Since 1900

By Pat Garofalo on Oct 26, 2012 at 2:20 pm

Since he came into office, Republicans have consistently attacked President Obama for supposedly being anti-business. As ThinkProgress noted last week, the data shows that this charge is nonsense.

In fact, as the financial website Motley Fool noted today, President Obama is far and away the best president for corporate profits since 1900:

Even if corporate profits under Obama are compared to the 2008 peak — in order to erase the effect of the financial crisis — “average annual corporate profit growth under President Obama is 6.8%,” or nearly three times as large as it was under President Reagan. Both Presidents Bush actually oversaw corporate profit declines during their terms. Meanwhile, real GDP growth per capita is far higher under Obama than it was under either Bush administration.

Read more: http://thinkprogress.org/economy/2012/10/26/1097301/anti-business-obama-is-is-best-president-for-corporate-profits-since-1900

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