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Thu Jan 17, 2013, 03:55 PM

Corporate Profits Have Grown By 171 Percent Under ‘Anti-Business’ Obama [View all]

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 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.

Read more: http://thinkprogress.org/economy/2013/01/17/1461871/corporate-profits-anti-business-obama/

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Reply Corporate Profits Have Grown By 171 Percent Under ‘Anti-Business’ Obama [View all]
Redfairen Jan 2013 OP
theaocp Jan 2013 #1
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TwilightGardener Jan 2013 #3
Teamster Jeff Jan 2013 #5
progressoid Jan 2013 #8
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