Corporate Profits and the Real Economy
Here's a very nice chart from Digby. She uses it to make a very worthwhile point, but I want to use it for another purpose: I added the red line to point this out: The growth of corporate profits since World War II has been very consistent. But look at the George W. Bush era. Here we find a massive surge of corporate profits, i.e. money going to the top of the economic scale, followed by a total collapse. Obama, the "Communist" did little more than restore enough rationality to our economy to allow corporate growth to get back on its historic track. Once again, Republican slavishness to the rich massively disrupted our economy, at which point the Republicans took to the hills and left Democrats to clean up the mess, which they dutifully did. That's the historical pattern in this country, and if the Republicans go the way of the Whigs, in the end it will be because of this. They will not protect us from economic disaster if it stands in the way of the ri