Sunday, October 01, 2006

THE BUSH BOOM IS REAL!

Oh, not for you. For the big stockholders of your company. See the right side of this graph:



Corporate profits as a percentage of GDP are at the highest level since World War II.

Are things going that well for you?

(Source of the chart: this New York Times article, which says it's all the result of cheap labor from overseas plus the national fad for tapping into home equity, every dime of which, I guess, is going straight to big companies. The experts worry that the good times will end soon for corporations. I'm sure the Bush administration's response is: Not if we can help it.)

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