Home > Fande = Fact & Evidence, The Economy > Vote YES on Democrats…because Democrats are good for American Business

Vote YES on Democrats…because Democrats are good for American Business

EXCERPT:
“A couple of bottom-line facts suggest that big business has flourished under Obama, especially considering the financial swoon that was underway when he took office. On the day Obama was sworn in, for example, the S&P 500 stock index opened at a miserable 849. It’s now around 1180. That’s nearly a 40 percent surge in less than two years. 

Corporate profits have risen for six straight quarters and hit $1.6 trillion in the second quarter of 2010, the most recent reporting period. That’s 60 percent higher than in the 4th quarter of 2008, before Obama took office. Corporations are sitting on a record $1 trillion in cash, which they’ve been able to raise on account of improved business conditions, low interest rates, a credit sector that’s been revived entirely through government intervention, and bailed-out banks that are once again happy to lend to their corporate customers.

If this is anti-business behavior, corporate America would welcome a lot more of it.”

source: http://finance.yahoo.com/news/The-Biggest-Myth-of-the-usnews-420375109.html?x=0&sec=topStories&pos=1&asset=&ccode=

Advertisements
  1. No comments yet.
  1. No trackbacks yet.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: