: A few days ago I debated Larry Kudlow and Steven Moore, both of whom said President has been bad for American business. The truth is the opposite. He’s one of the best presidents American business has ever had. Consider: (1) During his five years in office, after-tax corporate profits have averaged 9.2 percent of the economy, the highest since the 1920s. (2) Since he’s been president, the average annual growth in profits has been the highest in a century. (3) Under him, the stock market has surged 133 percent, a near record. So why does doesn’t corporate America love Obama? Which raises an more basic issue. Out of the 13 presidents since 1929, only two others have presided over a larger total increase in stock market values than has Obama – Franklin D. Roosevelt and Bill Clinton. So why doesn’t corporate America love Democratic presidents?
- City of Reading, PAFire Dept Admin Officer, 1980 - present
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