While America's business elites fiddled, the unemployed burned

Corporate Profits Were the Highest on Record Last Quarter

The nation’s workers may be struggling, but American companies just had their best quarter ever.

American businesses earned profits at an annual rate of $1.66 trillion in the third quarter, according to a Commerce Department report released Tuesday. That is the highest figure recorded since the government began keeping track over 60 years ago, at least in nominal or non-inflation-adjusted terms.

via New York Times


And this is what business oligarchy looks like. If you ever doubted who truly runs our economy and influences our government look no further to the human monsters who compose the wealthiest 1% in our country.

While they profit elected officials who's job it is to ensure maximum employment through increased monetary supply simple twittle their thumbs as mortal record deinflation devastates the American people.

I hope President Obama remembers a revolutionary President when he takes a long hard look at the wealthy elites in this country.



"The Fed is required by law to keep prices stable and to maximize employment. Some economists are concerned that by announcing an inflation target, the Fed would feel compelled to stick to it even at the cost of neglecting employment. "

NYT

Least we forget who the real terrorists are... These people have devastated more lives than Al Queda ever has.

UPDATE: Sorry I missed these two articles.

Are Republicans 'sabotaging' the economy?

NONE DARE CALL IT SABOTAGE....