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In reply to the discussion: Toon: Worst President in history! [View all]Pretzel_Warrior
(8,361 posts)10. do some math on how many were there in 2008 and how many are there now
you may also want to research how stock price typically reflects valuation of a company based on expected growth from current level. many regular joe blow citizens have retirement accounts pegged to indexes. As those indexes go up, their 401k's and IRA's increase in value. Additionally, it speaks to a general economic climate that will spur hiring as companies grow and expand.
We can argue that not enough of a company's profitability makes it to labor, but it is hard to argue broad increase in company valuations by the market is not tied to the larger economic health in our country.
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I still don't see why soaring corporate and Wall Street profits is a good thing
NuclearDem
Jan 2014
#5
all time low? Or since the start of your graph in 1999. The range is from 52% to 60%
Pretzel_Warrior
Jan 2014
#18
Record Wallstreet and corporate profits are not the halmark of a great president.
progressoid
Jan 2014
#9
Politicians have been suckered into thinking what's good for Wall Street is good for Main Street....
Spitfire of ATJ
Jan 2014
#12
Except it was the Bush administration that is responsible for the auto bailout.
Gravitycollapse
Jan 2014
#34