As Mitt "Lies-Come-Natural" Romney has told us repeatedly, President Obama's polices are about as anti-business as it gets. Horrible stuff, just horrible. Made the recession worse; squeezing business left and left. Why, just read the Wall Street Journal, as it reveals the awful truth:
U.S. companies are booking higher profits than ever. But the number crunchers in Washington are puzzling over a phenomenon that has just come into view: Corporate tax receipts as a share of profits are at their lowest level in at least 40 years.
Total corporate federal taxes paid fell to 12.1% of profits earned from activities within the U.S. in fiscal 2011, which ended Sept. 30, according to the Congressional Budget Office. That's the lowest level since at least 1972. And well below the 25.6% companies paid on average from 1987 to 2008.
Wait, what??? Did they just say taxes are lower than they were under George "Hey-Remember-Me?" Bush? Profits are up???
It's not as if Mitt isn't in good company. Right after the latest employment numbers, this guy claimed it's not because of Obama, but because of Republican governors. That, despite the fact that for months Rs have been claiming it's time Obama took responsibility for the economy. Not to mention the fact that employment has improved more in states with Democratic governors.* But, gods forbid, let's not let facts get in the way of effective propaganda.
Once again, we're left to wonder if Romney will ever get around to running against the real Barack Obama, and using what actual verifiable facts he'd like to fling around to do it. And, failing that, we must wonder if and when anyone whose mind isn't pre made up (based presumably, on the lies of talk radio and Fox "news") will demand it.
I ain't holding my breath, that's fer damsure.
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*Okay, well, I read that somewhere recently and now I can't find the link. I'm leaving it in, because unlike Mitt Romney, I didn't make it up. But take it FWIW.
