General Discussion
In reply to the discussion: Elizabeth Warren takes care of defense industry at home [View all]JonLP24
(29,322 posts)I still feel the case against corporate subsidies is the same. The Nader thing was when Corporations were calling on Congress to get serious about government stop the madness & called for shared sacrifices so he went around asking them to give up their subsidies. no takers in 1992. An open mind protects me from the source.
Anyway I'll just put unbiased numbers (without arguments) & let the readers decide
Obamas Numbers (January 2014 Update)
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But while wage earners and low-income people struggle, corporate profits keep setting records. Even after taxes, corporate profits were running at an annual rate of nearly $1.9 trillion in the July-September quarter of last year, the most recent for which figures are available. Thats nearly triple the rate during the three months before Obama became president an increase of 178 percent.
To be sure, that last quarter of 2008 was the worst since 2002, thanks to the worst business recession since the Great Depression. But profits rebounded to well above previous levels. Profits in the most recent quarter were running 33 percent higher than the highest level seen before 2009, which was the third quarter of 2006, when profits ran at a rate of $1.4 trillion.
Obamas time in office also has been good for those who own corporate stocks whose values have doubled and more under Obama. As of the close of the market on Jan. 14, the Standard & Poors 500 stock index was 128 percent higher than it was when Obama first took office.
Other market indicators also have soared. The Dow Jones Industrial Average was up 106 percent, and the NASDAQ Composite index had nearly tripled, rising by 190 percent.
http://www.factcheck.org/2014/01/obamas-numbers-january-2014-update/