Corporate profits conspire to make conservatives look wrong

Liberal Company Profits

Liberal Company Profits

Conservatives know logic. People are suffering because companies are doing poorly. Companies are doing poorly because of regulation and taxes. Regulation and taxes are exploding out of control because Obama is a Kenyan. Q.E.D.

Yet somehow, this graph seems to contradict this air-tight logical narrative.

This graph shows that corporate profits have been climbing for decades, despite the fact that employees have been getting a smaller and smaller share of corporate output over that same period of time.

This graph suggests that your average folk-on-the-street could actually be getting paid a lot more at whatever job he is working, if the way that companies allocated their expenses was closer to what it was in (for example) 2001, when a smaller percentage of the income of companies went to profits and a larger share went to employee salaries and benefits.

This graph suggests that the economic hurt people are feeling right now might not be entirely because we have a Kenyan President.

This conclusion, of course, cannot possibly be right.

The only explanation is that this graph must be infected with liberal bias!!!


graph data source: NIPA Table 1.14
graph found via: Warm Southern Breeze