American Merger of Corporation and State Continues to Collapse Economy

I originally posted the following information and commentary onto my Facebook wall…

As America's Economy Collapses by Design, CEOs Rake In Record Profits

As America’s Economy Collapses by Design, CEOs Rake In Record Profits

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/

(Stephen C. WebsterRawStory.com) 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 [PDF link] 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 New York Times analysis, Q3 2010 saw the largest corporate profits in recorded US history, at $1.66 trillion.

(Read entire article here…)

My Commentary: Wow! Follow the money trail! Mussolini was correct! Fascism TRULY is “a merger between State and Corporate power.”

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(All original portions of this work, by Rayn Kleipe, are licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License, while all redistributed links, images, sounds, videos, and writings are protected under 17 U.S.C. § 107: Fair Use, or under Public Domain)

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2 Responses to American Merger of Corporation and State Continues to Collapse Economy

  1. Pingback: Are Obama’s Claims of Progressing Civil Rights and the American Economy Actually Legitimate? « AcidRayn.com

  2. Pingback: Has Obama Been Helping to Restore America, or is He Just Another War-Mongering Corporate Puppet? « AcidRayn.com

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