According to Commerce Department report, U.S. companies turned in record profits for the third quarter — nearly $1.66 trillion, the highest amount of profit ever!"American businesses earned profits at an annual rate of $1.659 trillion in the third quarter, according to a Commerce Department report released Tuesday. That is the highest figure recorded since the government began keeping track over 60 years ago."
Much to the chagrin of the rightwing blowhards on Fox and AM radio, this managed to happen with a Democratic House, a Democratic Senate and a Democratic President.
And yet, the O
bama-hating Republicans in Congress and in the media continue to push the lie that the President is somehow "anti business" or "against corporations."And the Regressive Republicans in Congress STILL want to give special tax breaks to these corporations -- the very same ones that outsource American jobs overseas. Apparently making record-breaking profits never seen before is just not enough.
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