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Politics : Politics for Pros- moderated -- Ignore unavailable to you. Want to Upgrade?


To: KLP who wrote (304556)5/10/2009 8:13:23 PM
From: Joe Btfsplk2 Recommendations  Read Replies (2) | Respond to of 793843
 
Mr Obama said last week that it was "an aberration" that profits in the financial sector had grown so large over the last decade

Hate agreeing with anything this little punk has to say, but here's an excerpt from "The Quiet Coup" posted here in late March.

"From 1973 to 1985, the financial sector never earned more than 16 percent of domestic corporate profits. In 1986, that figure reached 19 percent. In the 1990s, it oscillated between 21 percent and 30 percent, higher than it had ever been in the postwar period. This decade, it reached 41 percent. "