Corporate Profits Double Reagan's under Socialist Obama. (How socialist of him.)

http://egbertowillies.com/2013/02/17/corporate-profits-under-socialist-obama-double-reagans-middle-class-under-siege-video/?utm_campaign=coschedule&utm_source=facebook_page&utm_medium=EgbertoWillies.com&utm_content=Corporate%20Profits%20Under%20%27Socialist%27%20Obama%20Double%20Reagan%27s%20-%20Minimum%20Wage%20Stagnant%20%28VIDEO%29

The middle class remains under siege as we continue the corporate pilfering of America. Yet the big news promoted by the mainstream media is the resignation of a pope, a disabled carnival cruise liner, the McCarthy like behavior of Senators denying a qualified veteran timely confirmation, and other frivolities. None of these stories are of immediate material value to the middle class. Yet, they were the biggest stories of the week in an economy not working for the middle class sans the President’s State of The Union address that broke down into the ineptitude of a rebuttal speech; a speech that was nothing more than a rehash of rejected policies and values and a Twitter/Facebook deflecting moment.

Today America wakes up to a very depressing news story to 99% of Americans.

Bloomberg

U.S. corporations’ after-tax profits have grown by 171 percent under Obama, more than under any president since World War II, and are now at their highest level relative to the size of the economy since the government began keeping records in 1947, according to data compiled by Bloomberg.

Profits are more than twice as high as their peak during President Ronald Reagan’s administration and more than 50 percent greater than during the late-1990s Internet boom, measured by the size of the economy.