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Divergence and Convergence

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Sunday, August 8, 2010

The anti-business president's pro-business recovery

GR2010080606828[1]

Would that all presidents were this anti-business: According to the St. Louis Federal Reserve, corporate profits hit $1.37 trillion in the first quarter -- an all-time high. Businesses are sitting on about $2 trillion in cash reserves. Business spending jumped 20 percent last quarter and is up by 13 percent against 2009. And the Obama administration has cut taxes for small businesses and big ones alike. Maybe the president could be anti-me for a while. I could use the money.

Posted by Clear Mind Politics at 8/08/2010 07:37:00 PM
Labels: Economy, President Obama

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