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