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Economics

Corporate Profits Soar as Executives Attack Obama Policy

Tom Donohue, the president of the U.S. Chamber of Commerce, last week said higher taxes and a “flood of new regulations” will damage an already subpar economy. “In many ways, we’re going backwards,” he said.

Such complaints, echoed by corporate executives throughout President Barack Obama’s first term, obscure one fact: American business has never had it so good.