"Charts: Corporate Profits Have Skyrocketed in the Last Three Years" at ThinkProgress

[applegrove]

Charts: Corporate Profits Have Skyrocketed in the Last Three Years

at ThinkProgress

http://thinkprogress.org/economy/2012/06/01/493870/corporate-profits-skyrocket/

"SNIP...........................................................

After dipping during the Great Recession, corporate profits have now skyrocketed past their pre-recession levels, Business Insider’s Joe Weisenthal notes. After-tax profits and corporate profits as a share of gross domestic product (GDP) are now higher than they were in the middle of the last decade, after a similar vertical spike. Despite massive profit gains, however, corporations are adding more jobs overseas than they are in the United States and paying one of the lowest effective tax rates in the developed world.

..........................................................SNIP"

[Ilsa]

1. So, improving the bottom line

With lower taxes doesn't really promote jobs growth, but you'll never get a republican to admit that. It's consumer demand that promotes job growth. Corporations tend to look for the cheapest labor.

[AnotherMcIntosh]

2. What we need is another wage-lowering, anti-union, "free-trade" agreement.

[Hawkowl]

4. Obama is all over it!

Don't worry!

[woo me with science]

3. Of course they have. This is a *special* economic downturn

that has inexplicably targeted the poor and the middle class.

Don't let them spin "the economy" as something akin to the weather. What is happening to the poor and middle class in this country reflects deliberate political choices. Don't let the one percent lie to you about the inevitability of your suffering.