happened profits these days. look at what they re paying in taxes on all those record profits. while corporate profits rose to a record of nearly $2 trillion in the third quarter of last year, the amount of money corporations paid in taxes on that still remarkably low. in fact, as of november it s $132 billion less than government projections for the a profit they are making. so again, here s what corporate profits look like right now, right? they re at a record high. nearly $2 trillion in a single quarter last year. and here s what corporate tax payments look like right now. somehow corporations are making record level profits and they re paying recession-level taxes. must be nice. what have corporations been doing with their windfall record profits and their low, low taxes? they have not been doing record hiring. meanwhile, overall jobless claims are going down, which is a good thing. the record corporate profit numbers have not been matched by record or even particularly brisk corpo
corporations paid in taxes on that still remarkably low. in fact, as of november it s $132 billion less than government projections for the a profit they are making. so again, here s what corporate profits look like right now, right? they re at a record high. nearly $2 trillion in a single quarter last year. and here s what corporate tax payments look like right now. somehow corporations are making record level profits and they re paying recession-level taxes. must be nice. what have corporations been doing with their windfall record profits and their low, low taxes? they have not been doing record hiring. meanwhile, overall jobless claims are going down, which is a good thing. the record corporate profit numbers have not been matched by record or even particularly brisk corporate hiring. because as corporate profits have risen over the mast year corporations have mostly just been hoarding that cash. they have not been spending it. they have not been putting it into the economy. they h
while corporate profits rose to a record of nearly $2 trillion in the third quarter of last year, the amount of money corporations paid in taxes on that still remarkably low. in fact, as of november it s $132 billion less than government projections for the a profit they are making. so again, here s what corporate profits look like right now, right? they re at a record high. nearly $2 trillion in a single quarter last year. and here s what corporate tax payments look like right now. somehow corporations are making record level profits and they re paying recession-level taxes. must be nice. what have corporations been doing with their windfall record profits and their low, low taxes? they have not been doing record hiring. meanwhile, overall jobless claims are going down, which is a good thing. the record corporate profit numbers have not been matched by record or even particularly brisk corporate hiring.
while corporate profits rose to a record of nearly $2 trillion in the third quarter of last year, the amount of money corporations paid in taxes on that still remarkably low. in fact, as of november it s $132 billion less than government projections for the a profit they are making. so again, here s what corporate profits look like right now, right? they re at a record high. nearly $2 trillion in a single quarter last year. and here s what corporate tax payments look like right now. somehow corporations are making record level profits and they re paying recession-level taxes. must be nice. what have corporations been doing with their windfall record profits and their low, low taxes? they have not been doing record hiring. meanwhile, overall jobless claims are going down, which is a good thing. the record corporate profit numbers have not been matched by record or even particularly brisk corporate hiring. because as corporate profits have risen over the mast year corporations have mostl
and the facts are that there have been tens of i don t know if it s 10 trillion, but close, spent on great society programs. and the benefit to eliminating black poverty has been 2 or 3%. that doesn t add up. under president obama, it s 17% plus unemployment. not a good performance. yet you continue to say the same thing over and over and over again, that you support these programs wait that you support these programs despite the massive expenditure that doesn t produce results. that could be brainwashing. i ll give you the last word. bill, clearly i think you and herman cain are in complete denial when it comes to the impact that these programs have had. you can t draw a straight line to the really unfortunate and overwhelming profit numbers that we saw come out a few weeks ago to these policies not working. bill: you can t? we re dealing with an economic crisis, but greatest than anything we ve seen.