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
By Pat Garofalo
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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