Employment down, corporate profits up; more GOP memes fall apart

Ezra Klein

Employment? Down 5.9% since late-2007. Corporate profits? Up 5.7% since late-2007 -- and driven by Wall Street.

The GOP likes to claim that the private sector is the only thing that can save the economy. While I don't disagree that a strong private sector is vital, if the theory were true, we'd be in better shape right now. the private sector has been growing for 6 straight quarters now.

Speaking of exploding memes, let's debunk the "Obama is against corporate America" myth. Look at the rise in corporate profits since the first quarter of 2009. That doesn't look like the gateway to a socialist worker's paradise.