I originally posted the following information and commentary onto my Facebook wall…
Corporate America has BEST QUARTER in US History as Real Unemployment Rate Soars:
(Stephen C. Webster, RawStory.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 a New York Times analysis, Q3 2010 saw the largest corporate profits in recorded US history, at $1.66 trillion.
My Commentary: Wow! Follow the money trail! Mussolini was correct! Fascism TRULY is “a merger between State and Corporate power.”