Business Upset That Under Obama They Have Achieved Only the Highest Profits Ever

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A Politico story today, entitled "Business: Barack Obama's outreach not enough," tells of how the business community has yet to be convinced of the White House's support and is still waiting to be "won over" by President Obama. "We have to see some concrete policies that will help grow business because everyone’s goal is to grow jobs," says Johanna Schneider, executive director for external affairs at the Business Roundtable.

Also today, the Times ran a story with the headline "Corporate Profits Were the Highest on Record Last Quarter":


American businesses earned profits at an annual rate of $1.659 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.

Maybe they can use some of that $1.659 trillion to hire people?

Business: Barack Obama's outreach not enough [Politico]
Corporate Profits Were the Highest on Record Last Quarter [NYT]