So … the New York Times notes that “American businesses earned profits at an annual rate of $1.659 trillion in the third quarter … the highest figure recorded since the government began keeping track over 60 years ago.”
Now … clearly my plebeian brain is missing something. Cuz, if I’m not mistaken, people keep telling me that when rich people have lots and lots of money, they’ll fix our economy by creating all these super-nifty jobs and just, generally speaking, pulling out the awesome sauce. So that’s why we should extend the Bush tax cuts.
Now … OK, here’s where I get lost. So, we have the tax cuts now, yes? And we’ve had them for quite some time? And American profits have been growing “at some of the fastest rates in history,” yes? For the past seven quarters? So … *scratches head* … why haven’t the super-rich saved us?
The lady doth be full of shit, methinks.