Fortune 500 profits hit an all time record

[Chris]

Fortune released its annual list of the country's 500 biggest companies this week, and it turns out to have been a good year for corporate America. In 2011, the Fortune 500 generated a combined $824.5 billion in earnings -- an all-time record, and a 16 percent jump from the previous year.

The report echos others indicating corporate America is experiencing boom times. U.S. corporate profits returned to pre-recession levels, according to the International Institute for Labour Studies released Friday, hitting 15 percent of gross domestic product.

Fortune 500 Companies Made Record $824 Billion Profit In 2011

 

[Dont Taz Me Bro]

So what you're saying is the Democrats are the party of the 1%.

 

[Trajan]

oh so you switched up? what happened to the stock market is going gangbusters threads?

Tool Kat says...

 

[Chris]

Americans net worth has gone up $9 trillion dollars since Obama took office.

 

[Trajan]

well, he gave away 5 Trillion so we are ahead 4 trillion on hard work...gee thx

 

[Chris]

No incumbent president dating to 1956 has lost when unemployment fell over the two years leading up to his re-election contest.

And none has won when the rate rose.

Unemployment was 9.8 percent in November 2010.

Last month, seven months before Election Day, the rate was 8.1 percent.

 

[Meister]

No incumbent president dating to 1956 has lost when unemployment fell over the two years leading up to his re-election contest.

And none has won when the rate rose.

Unemployment was 9.8 percent in November 2010.

Last month, seven months before Election Day, the rate was 8.1 percent.

Chris.....ask all the people that are out of work if they believe the 8.1% figure.

 

[Jroc]

Americans net worth has gone up $9 trillion dollars since Obama took office.

Were do you get that crap from? you got a link?

 

[Oddball]

The 1%!....GET 'EM!!!!

 

[eflatminor]

...it turns out to have been a good year for corporate America.

What, we gonna invest in Europe?!