Corporate profits

Gap between corporate profits and wages hits post-war record

Republicans tried to demonize President Obama in the election by calling him a socialist, bad for the economy, bad for America, and a big disappointment. “The president didn’t fail you because he wanted to,” Mitt Romney said in his acceptance speech at the 2012 Republican National Convention. “The president failed America because he didn’t lead […]

Corporate profits

Corporate profits hit a record as wages are slashed

Corporate profits hit their highest percentage of GDP on record in the third quarter. Just four years after the worst economic shock since the Great Depression, US corporate profits are stronger than ever. Third-quarter corporate profits were $1.75 trillion, up 18.6% from a year ago, according to last week’s gross domestic product report. This boosted […]