Fox Nation has decided that any lay-offs that happened after the re-election of President Obama are all Obama's fault. Their headlines falsely accuse the president's reelection of triggering "massive layoffs" when the reality is quite different. Today's Fox Nation article, "Obama Reelection Layoffs Continue" is laughable considering the gap between reality and Fox Nation.
Got cognitive dissonance?
From Think Progress:
Corporate Profits Hit Record High While Worker Wages Hit Record Low
By Pat Garofalo on Dec 3, 2012 at 9:25 am
A constant conservative charge against President Obama is that he is inherently anti-business. However, businesses keep defying the storyline by making larger and larger profits, rebounding nicely out of the Great Recession.
In the third quarter of this year, âcorporate earnings were $1.75 trillion, up 18.6% from a year ago.â Corporations are currently making more as a percentage of the economy than they ever have since such records were kept.
Corporations made a record $824 billion in profits last year as well, while the stock market has had one of its best performances since 1900 while Obama has been in office.
(Includes a nice chart — with colors!)
You really oughta step outside Fox News bubble sometime, Dan — you’d be amazed at what you find . . .