How's this for socialism run amok?
While those on the right accuse President Obama of being terrible for American business, it turns out that Obama has presided over the greatest increase in corporate profits of any president since 1900.
According to an article in Think Progress, the average annual real corporate profit growth has been 77.9% under the current president.
How does that stack up against other presidents? Glad you asked. Hint: it isn't even close.
It turns out the next in line is Harding with a 17.7% increase, followed by Clinton with 9.2%, Coolidge with 8.8%, Kennedy with 7.3% and Truman with 6.6%. Notice a pattern here? All the recent ones are Democrats.
And how did Saint Ronnie do? A mere 2.3%. And George W. Bush? Get this: -17.4%. Let me repeat that: annual corporate profits experienced negative growth under the last Republican regime, and they have risen almost 80% under the Marxist/Kenyan/socialist Obama.
So the next time someone tells you that Obama has been bad for business, pull some of these arrows out of your quiver and let him have it.