This election will decide if we want socialism or

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This election will decide if we want socialism or capitalism-Pretty simple!

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Right you are. I'm going to vote for continuation of the record breaking 71 Straight Months of Private Sector Job Growth and for more of the following. You can continue to nurture your
fantasy based fears about socialism.

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Profits & Markets

Corporate Profits — Corporate profits have soared under Obama. After-tax profits were running at an annual rate of just under $1.8 trillion in the July-October quarter of last year, the most recent figures available. That’s down somewhat from the previous quarter — which was a record. But still 166 percent higher than in the quarter just before Obama entered office.

That quarter’s profits were unusually low, ravaged by the Great Recession. But even compared with the best quarter prior to his taking office, which was the third quarter of 2006, after-tax profits are up 27 percent.

Stock Markets – Stock prices have declined sharply since our last report. The first week of 2016 was the worst opening to a new year on record.

But despite recent losses, stockholders have done quite well under Obama. The Standard & Poor’s 500-stock index was 139 percent higher at the close on Jan. 11 than it was the day Obama took office. Other stock indexes show similarly robust gains. The Dow Jones Industrial Average has also more than doubled, rising 106 percent during Obama’s tenure, and the NASDAQ Composite index has tripled, rising 222 percent.

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