Corporate America has best quarter in US history as real unemployment rate soars

[Amerigo Vespucci]

Corporate America has best quarter in US history as real unemployment rate soars

http://www.rawstory.com/rs/2010/11/corporate-america-quarter-real-unemployment-rate-soars/

Even amid the most turbulent economic conditions since the Great Depression, US corporate profits are at an all time high, according to a Tuesday report by the US Bureau of Economic Analysis.

At the same time, America's poor and middle classes are under siege, with a mostly stagnant job market that has shown only marginal signs of improvement.

In spite of meager growth in some sectors, the real unemployment rate remains high, at approximately 1 in 5 Americans.

Yet for seven fiscal quarters running -- since President Obama's election -- American corporate profits have shown strong growth.

According to a New York Times analysis, Q3 2010 saw the largest corporate profits in recorded US history, at $1.66 trillion.

[FrancisTreptoe]

1. Great.

Is this even surprising?

[MannyGoldstein]

2. Mission Accomplished!

Only thing to worry about now is Q4 profits and banker bonuses. Obama and Congress look pretty good now, but they still need to stay on their toes.

[Newest Reality]

3. It's the media

chemical the tapeworm feeds you that motivates you feed it what it wants.

Feeling weaker? Well, that's how it goes my dear host.

[OHdem10]

4. Profits from their businesses overseas.

[felix_numinous]

5. Voodoo economics is thriving.

That was a truly powerful spell, convincing so many people corporations actually care about America. Time to snap out of it.

[Desertrose]

6. How nice someone is doing well.

:sarcasm:

[leftstreet]

7. K&R

[ChoppinBroccoli]

8. Clearly, All They Need Is MORE TAX BREAKS

Because everyone knows that tax breaks are the only way to get them to start hiring.