posted on Apr, 8 2008 @ 04:49 PM
Below is a list of prices on staple items. Who here believes that the economy has been going through natural fluxuations or that there is basically
wide ranging corporate colution? What if Bush was rig-elected by Big Business simply to "look the other way"? Wouldn't we all feel stupid if the
next president came to office and prosecuted CEO's etc, for ripping us off!
FOOD FOR THOUGHT….no pun intended.
Here I am bored. So I thought, why not figure out just how whacky things have been lately. All of this information comes from .gov sources, or
reliable trade sources.
Exxon Mobil profits 2001=11.4 billion
Exxon Mobil profits 2007=40.6 billion
A 356% INCREASE IN PROFITS
(Consumer spending power when calculating inflation)
1st Qt. 2001 vs. 4th Qt. 2007
-28.6%
1 Gallon of Whole Milk
Since 2001
27% price gain
1 Gallon of Gas
Since Jan. 2001
235%
1 Dozen Medium Eggs
Since Jan 2005
357%
1 lb of Rice
Since Jan 2001
257%
1 lb of high grade hops
Since August 2007
As high as 1000%
1 bushel Corn
Since Jan 2001
232%
1 bushel Soybeans
Since Jan 2001
231%
Profits surge to 40-year high
When will corporations spend some of their hoard?
March 30, 2006 (a little dated, but you get the idea)
WASHINGTON (MarketWatch) -- U.S. corporate profits have increased 21.3% in the past year and now account for the largest share of national income in
40 years, the Commerce Department said Thursday.
Meanwhile, the share of national income going to wage and salary workers has fallen to 56.9%. Except for a brief period in 1997, that's the lowest
share for labor income since 1966.
Profits have been so high because almost all of the benefits from productivity improvements are flowing to the owners of capital rather than to the
workers.
While profits are up 21.3% in the past year, labor compensation is up just 5.5%. After adjusting for inflation, population growth and taxes, real
disposable per capita incomes are up just 0.5% in the past year.