corporate profits

When the GOP talks about tax breaks for the rich and businesses they always use the argument that the more money business has, the more people they will hire. This has been in a direct conflict of supply and demand economics and more proof is in this:

Despite high unemployment and a largely languishing real estate market, U.S. businesses are more profitable than ever, according to federal figures released on Friday.

U.S. corporate profits hit an all-time high at the end of 2010, with financial firms showing some of the biggest gains, data from the federal Bureau of Economic Analysis show. Corporations reported an annualized $1.68 trillion in profit in the fourth quarter. The previous record, without being adjusted for inflation, was $1.65 trillion in the third quarter of 2006.

Many of the nation's preeminent companies have posted massive increases in profits this year. General Electric posted worldwide profits of $14.2 billion, while profits at JPMorgan Chase were up 47 percent to $4.8 billion.

With all the focus on Rep. Grayson telling it like it is, that Republicans want you to die quick if you fall ill, it’s time to focus on what he said is exactly right. Enter Mitch McConnell:

Satisfying every Republican demand short of scrapping the entire project, said Minority Leader Mitch McConnell (R-Ky.), would still not capture GOP support.

In other words the Democrats could offer nothing more than 100% GOP plan and the GOP would still vote no. People are dying in this country and the GOP would rather play politics than address the situation at hand.

Now let’s look at what McConnell and the entire GOP view as items less important than watching their counterparts fail. Check out this video of an insurance company denying coverage because of a pre-existing condition:

Catch that? A broken wrist is considered a pre-existing condition and murderous fucks like McConnell, Boehner and the rest of the GOP thinks that is fine.

Let’s talk about something more common – diabetes. Most insurance companies won’t cover the cost of diabetic supplies. That means diabetics have out of pocket expenses of $100 a month just for the testing strips. If the insulin isn’t covered then you can add another $330 a month to that. And this isn’t a problem to the “party of life”? Nope – because these monsters are more worried about political brownie points and corporate profits than they are human life.