Monday, May 07, 2012

Obama is anti-business!

Obama is anti-business! I mean, how else can you explain the record profits the Fortune 500 enjoyed last year:
The Fortune 500 generated a total of $824.5 billion in earnings last year, up 16.4% over 2010. That beats the previous record of $785 billion, set in 2006 during a roaring economy. The 2011 profits are outsized based on two key historical metrics. They represent 7% of total sales, vs. an average of 5.14% over the 58-year history of the Fortune 500. Companies are also garnering exceptional returns on their capital. The 500 achieved a return-on-equity of 14.3%, far above the historical norm of 12%.2%.
So why aren't they hiring? And why are wages for non-CEOs stagnating? According to voodoo supply-side GOP economics, we all achieve wealth and prosperity when the corporations prosper. Well, they ARE prospering. So where is the trickle-down?

Search for more information about how GOP tax policy is wrong

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