I've got news for you, Buffett knew better than to
Post# of 65629
Posted On: 02/27/2016 3:15:42 PM
I've got news for you, Buffett knew better than to vote for McCain or Mittens! I think he knew what was best for his businesses. He's been proved right.
And yes, I know the FED....that some want to abolish.....has been 'accommodative'. As for 'socialism under Obama, particulars please. There's been no more a whiff of it than there has been of inflation.
And yes, I know the FED....that some want to abolish.....has been 'accommodative'. As for 'socialism under Obama, particulars please. There's been no more a whiff of it than there has been of inflation.
Quote:
Profits & Markets
Corporate Profits — Profits of business corporations are soaring under Obama, setting new records. In the third quarter of 2014, the most recent period for which figures have been released, after-tax corporate profits were running at a seasonally adjusted annual rate of just under $1.9 trillion, the highest ever recorded.
That figure is 182 percent higher than in the recession-wracked quarter before Obama first took office. It is also 34 percent higher than the pre-recession peak, which was the third quarter of 2006.
Stock Markets — Stockholders continue to do quite well under Obama. The Standard & Poor’s 500-stock index stood at 156 percent higher at the close on Jan. 8 than it did the day Obama took office. Other stock indexes show similarly robust gains. The Dow Jones Industrial Average also has more than doubled, rising 125 percent during Obama’s tenure, and the NASDAQ Composite index is up 229 percent, more than tripling during the same period.
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