U.S. corporations just logged their most profitable quarter ever in history \u2014 $1.659 trillion (with a T) in profits.\u00a0 That included a $44 billion (with a B) increase in profits \u2014 three quarters of which went to the Wall Street banks and investment houses that taxpayers bailed out two years ago.\u00a0 Meanwhile, of course, unemployment continued to rise, and workers\u2019 wages continued to decline.<\/p>\n
– The Week magazine
\nin its December 10, 2010, issue<\/p>\n
That they can get away with this \u2014 with ever-reduced taxes, no less! \u2014 really is the magic of the free market.<\/em><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":" U.S. corporations just logged their most profitable quarter ever in history \u2014 $1.659 trillion (with a T) in profits.\u00a0 That included a $44 billion (with a B) increase in profits \u2014 three quarters of which went to the Wall Street … Continue reading