Corporate Profits Have Grown By 171 Percent Under Obama -- Highest Rate Since 1900
http://www.alternet.org/news-amp-politics/corporate-profits-have-grown-171-percent-under-obama-highest-rate-1900
"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."
8 Huge Corporate Handouts in the Fiscal Cliff Bill
http://www.alternet.org/news-amp-politics/8-huge-corporate-handouts-fiscal-cliff-bill
"Throughout the months of November and December, a steady stream of corporate CEOs flowed in and out of the White House to discuss the impending fiscal cliff. Many of them, such as Lloyd Blankfein of Goldman Sachs, would then publicly come out and talk about how modest increases of tax rates on the wealthy were reasonable in order to deal with the deficit problem. What wasn’t mentioned is what these leaders wanted, which is what’s known as “tax extenders”, or roughly $205B of tax breaks for corporations. With such a banal name, and boring and difficult to read line items in the bill, few political operatives have bothered to pay attention to this part of the bill. But it is critical to understanding what is going on.
5) Subsidies for Goldman Sachs Headquarters – Sec. 328 extends 'tax exempt financing for York Liberty Zone,' which was a program to provide post-9/11 recovery funds. Rather than going to small businesses affected, however, this was, according to Bloomberg, 'little more than a subsidy for fancy Manhattan apartments and office towers for Goldman Sachs and Bank of America Corp.' Michael Bloomberg himself actually thought the program was excessive, so that’s saying something. According to David Cay Johnston’s The Fine Print, Goldman got $1.6 billion in tax free financing for its new massive headquarters through Liberty Bonds."
The Untouchables: How the Obama administration protected Wall Street from prosecutions
http://www.guardian.co.uk/commentisfree/2013/jan/23/untouchables-wall-street-prosecutions-obama
Yes, Virginia, the Rich Continue to Get Richer: the Top 1% Got 121% of Income Gains Since 2009
http://www.nakedcapitalism.com/2013/02/yes-virginia-the-rich-continue-to-get-richer-the-1-got-121-of-income-gains-since-2009.html
U.S. banks in 2012 post highest profits since '06
http://www.reuters.com/article/2013/02/26/us-usa-fdic-earnings-idUSBRE91P0N820130226?utm_source=Daily+Digest&utm_campaign=de8376aab3-DD_2_27_132_27_2013&utm_medium=email#.US5jjkXSlU8.twitter
This Year’s Subsidy to Wall Street = the Amount of This Year’s Sequester Cuts
http://www.washingtonsblog.com/2013/02/this-years-subsidy-to-wall-street-the-amount-of-this-years-sequester-cuts.html#.US_yiFwwnHY.facebook
Don’t Blink, or You’ll Miss Another Bailout
http://www.cnbc.com/id/100466032
America faces more than a dozen deadlines, all caused by billionaires and wealth transfer
http://americablog.com/2013/02/america-faces-more-than-a-dozen-deadlines-all-caused-by-billionaires-and-wealth-transfer.html
Bank Bailout 2: Obama Lets Mortgage Abusers Off the Hook
http://www.commondreams.org/headline/2012/02/09-5
Add his appointment of billionaire worker's rights foe Penny Pritzker to a government position and now rumblings of his supporting Summers, a wall street deregulator and protege of Rubin's to head the Federal Reserve (who printed trillions to banks which we'll never again see, while they continue to cut social programs to fund said banks and banksters). That's called "austerity" and it is nothing but theft under another name.
Their upcoming weapon through which to shake their heads and say "there's no money for social programs"? The Bush Iraq and Afghanistan war debt. I believe they created this debt on purpose in order to shock doctrine the country. It's worked so well for them in Europe. Truly.
= new reply since forum marked as read
