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Too many regulations for profiability

Original post made by anonymous, Menlo Park: Suburban Park/Lorelei Manor/Flood Park Triangle, on Nov 24, 2010

We all know that, correct? It's a BRUTAL anti-business atmosphere. Conventional wisdom all says it, like President Obama is bad for business.

Except...

"American businesses earned profits at an annual rate of $1.66 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, at least in nominal or non-inflation-adjusted terms.

Corporate profits have been going gangbusters for a while. Since their cyclical low in the fourth quarter of 2008, profits have grown for seven consecutive quarters, at some of the fastest rates in history."

Web Link

Odd, that.

Comments (1)

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Posted by anonymous
a resident of Menlo Park: Suburban Park/Lorelei Manor/Flood Park Triangle
on Nov 24, 2010 at 1:45 pm

Okay, not ENOUGH regulation to prevent my misspellings: "profitability"


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