Never pass up a chance to sit down or relieve yourself. -old Apache saying

Friday, October 26, 2012

anti-business?

A close look at the facts and figures reveals that the economy and business in general actually performs better when Democrats are in office.  This of course runs contrary to the generally-accepted myth that it's the Republicans that are better for business than the Democrats.  Not true.  This is just another one of the upside-down facts that continually gets lost on the American people.

So why is it that so many of todays CEO's keep telling their employees that they had better vote for the Republican (Romney) if they value their jobs?  Could it be that, even though the business climate gets better under Democrats, that the top dogs, the CEO's, do better when Republicans are in office?  After all, it seems that all Republicans want to do is cut taxes for the wealthy.  


‘Anti-Business’ Obama Is Best President For Corporate Profits Since 1900


Since he came into office, Republicans have consistently attacked President Obama for supposedly being anti-business. As ThinkProgress noted last week, the data shows that this charge is nonsense.
In fact, as the financial website Motley Fool noted today, President Obama is far and away the best president for corporate profits since 1900:
Even if corporate profits under Obama are compared to the 2008 peak — in order to erase the effect of the financial crisis — “average annual corporate profit growth under President Obama is 6.8%,” or nearly three times as large as it was under President Reagan. Both Presidents Bush actually oversaw corporate profit declines during their terms. Meanwhile, real GDP growth per capita is far higher under Obama than it was under either Bush administration.

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