The Motley Fool), I have to wonder why the corporations are spending so much money to defeat President Obama. Corporate profits have enjoyed a higher annual growth during his presidency than under any other president since 1900. Are they so enamored by Willard Mitt Romney's promise of a massive tax cut that they would risk putting their own profit growth in danger?
Note that the policies of Ronald Reagan and George W. Bush -- the policies that Willard wants to return to -- didn't produce nearly as good a results as have been seen under President Obama. In fact, if you take out the recession, and judge President Obama from pre-recession levels, the growth of corporate profits under Obama is still three times as large as that under Ronald Reagan -- and much higher than under George W. Bush (who doubled-down on Reagan's trickle-down policies and threw the nation into recession).
This makes me wonder about the intelligence of corporate executives. Isn't it better to pay taxes on a very large profit, than to not pay taxes on a very small (or non-existent) profit?