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DiabloViejo
05-07-2012, 05:15 PM
America’s Corporations Made A Record $824 Billion Last Year, As Conservatives Claim Obama Is Anti-Business
By Pat Garofalo on May 7, 2012 at 10:50 am

http://thinkprogress.org/wp-content/uploads/2011/05/us-corporate-flag.jpg

A favorite conservative attack on President Obama is that his policies — and even his personality — amount to an assault on American businesses. “President Obama himself is the most anti-business president in my lifetime. With rhetoric not befitting a president he has attacked oil companies, banks, airplane users, Wall Street and anyone who makes money,” wrote Gary Shapiro, president and CEO of the Consumer Electronics Association.

However, according to the latest data, President Obama has been very good for America’s biggest businesses. Last year, in fact, the Fortune 500 made a record $824 billion, topping the previous record set before the Great Recession:

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%.

Of course, that return to pre-recession level earnings hasn’t translated into job or wage growth for America’s workers. In fact, inflation-adjusted wages fell last year. Big companies are also squeezing more productivity out of their workers, with annual revenue generated per worker increasing by more than $40,000 over the last five years. CEO pay, meanwhile, increased 15 percent last year.

This data also puts the lie to the Republican claim that corporate tax cuts will spur businesses to hire. If all it took were extra cash, businesses would be hiring like crazy. However, they are clearly not doing so — and the effective corporate tax rate is already at a forty year low.

DiabloViejo
05-07-2012, 06:38 PM
Bump

cushioncrawler
05-07-2012, 07:02 PM
How much of that money iz staying in theusofa.
How much of that money woz sales outside theusofa.
Strange.
mac.

eg8r
05-07-2012, 07:56 PM
<div class="ubbcode-block"><div class="ubbcode-header">Quote:</div><div class="ubbcode-body">America’s Corporations Made A Record $824 Billion Last Year, As Conservatives Claim Obama Is Anti-Business
</div></div>Could you imagine how much they would have made if Obama had gotten out of their way? It would have been amazing and we probably would have more people working. In the end, Obama killed jobs and the money made is no where near what it could have been.

eg8r

Gayle in MD
05-07-2012, 08:58 PM
<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: DiabloViejo</div><div class="ubbcode-body">America’s Corporations Made A Record $824 Billion Last Year, As Conservatives Claim Obama Is Anti-Business
By Pat Garofalo on May 7, 2012 at 10:50 am

http://thinkprogress.org/wp-content/uploads/2011/05/us-corporate-flag.jpg

A favorite conservative attack on President Obama is that his policies — and even his personality — amount to an assault on American businesses. “President Obama himself is the most anti-business president in my lifetime. With rhetoric not befitting a president he has attacked oil companies, banks, airplane users, Wall Street and anyone who makes money,” wrote Gary Shapiro, president and CEO of the Consumer Electronics Association.

However, according to the latest data, President Obama has been very good for America’s biggest businesses. Last year, in fact, the Fortune 500 made a record $824 billion, topping the previous record set before the Great Recession:

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%.

Of course, that return to pre-recession level earnings hasn’t translated into job or wage growth for America’s workers. In fact, inflation-adjusted wages fell last year. Big companies are also squeezing more productivity out of their workers, with annual revenue generated per worker increasing by more than $40,000 over the last five years. CEO pay, meanwhile, increased 15 percent last year.

This data also puts the lie to the Republican claim that corporate tax cuts will spur businesses to hire. If all it took were extra cash, businesses would be hiring like crazy. However, they are clearly not doing so — and the effective corporate tax rate is already at a forty year low. </div></div>

I knew it wouldn't be easy to turn around decades of failed Republican Policies. Actually, President Obama has accomplished an amazing amount given the unprecedented Republican Obstructionism.

The country is fed up with it.

We Dems are going to do what we always do, continue to clean up the Republican mess, and take the country FORWARD!

G.

Qtec
05-08-2012, 02:37 AM
<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: eg8r</div><div class="ubbcode-body"><div class="ubbcode-block"><div class="ubbcode-header">Quote:</div><div class="ubbcode-body">America’s Corporations Made A Record $824 Billion Last Year, As Conservatives Claim Obama Is Anti-Business
</div></div><span style='font-size: 14pt'>Could you imagine how much they would have made if Obama had gotten out of their way?</span> It would have been amazing and we probably would have more people working. In the end, Obama killed jobs and the money made is no where near what it could have been.

eg8r </div></div>

You sound more like Willard every day.

<div class="ubbcode-block"><div class="ubbcode-header">Quote:</div><div class="ubbcode-body"> Chronicling Mitt's Mendacity, Vol. XVI

11. Romney told Charlie Rose that the president has launched an "attack on small businesses."

<span style='font-size: 17pt'>In reality, Obama has cut taxes on small businesses (several times), eased the process that allows small businesses to be created, and streamlined the patent process.</span> </div></div>


<div class="ubbcode-block"><div class="ubbcode-header">Quote:</div><div class="ubbcode-body">Could you imagine how much they would have made if Obama had gotten out of their way? </div></div>

Are you serious?

<div class="ubbcode-block"><div class="ubbcode-header">Quote:</div><div class="ubbcode-body">The 500 achieved a return-on-equity of 14.3%, far above the historical norm of 12%. </div></div>

The numbers show Willard and the whole Republican Party to be insane or just liars.

<div class="ubbcode-block"><div class="ubbcode-header">Quote:</div><div class="ubbcode-body">This data also puts the lie to the Republican claim that corporate tax cuts will spur businesses to hire. If all it took were extra cash, businesses would be hiring like crazy. However, they are clearly not doing so — and the effective corporate tax rate is already at a forty year low. </div></div>

The 1% have never had it better and they still complain.

<div class="ubbcode-block"><div class="ubbcode-header">Quote:</div><div class="ubbcode-body">CEO Pay Grew <span style='font-size: 14pt'>127 Times</span> Faster Than Worker Pay Over Last 30 Years
American CEOs saw their pay spike <span style='font-size: 17pt'>15 percent last year, after a 28 percent pay rise the year before</span>, according to a report by GMI Ratings</div></div>

Productivity has risen but wages haven't.

The GOP plan is to slash taxes for Corps and the 1% and pay for it by turning half the country into beggars.

Great plan.

Q

eg8r
05-08-2012, 08:30 AM
<div class="ubbcode-block"><div class="ubbcode-header">Quote:</div><div class="ubbcode-body">Productivity has risen but wages haven't.
</div></div>This also coincides with higher profit numbers, care to guess why?

eg8r

DiabloViejo
05-08-2012, 09:33 AM
<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: eg8r</div><div class="ubbcode-body"><div class="ubbcode-block"><div class="ubbcode-header">Quote:</div><div class="ubbcode-body">Productivity has risen but wages haven't.
</div></div>This also coincides with higher profit numbers, care to guess why?

eg8r </div></div>

https://fbcdn-sphotos-a.akamaihd.net/hphotos-ak-prn1/536700_436748866353360_196601040368145_1570486_867 820866_n.jpg