7:45 am May 8, 2012, by Jay
From CNN, here’s further evidence proving that socialist Barack Obama has ruined free enterprise in this country and, through overregulation and high taxation, has made it impossible to turn a profit, just as his anti-colonial Marxist father, Saul Alinksy and Emmanuel Goldstein had indoctrinated him to do:
“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%.”
So let’s hear some more whines from Wall Street and the C-level executives about how hard their lives have become and how they feel disrespected, unloved and unappreciated.
The poor creatures, suffering so in this economy….
– Jay Bookman
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