Weekend Economists Chart the Bradbury Chronicles, June 8-10,2012

[Demeter]

58. Obama says private sector is fine — see the charts

SEE THE CHARTS? SEE THE LIVES PEOPLE ARE LIVING, PRESIDENT DRONEBOY. WHY IS THE ATTORNEY GENERAL WORRYING ABOUT "SECURITY LEAKS" WHEN PEOPLE ARE DYING FROM CONTROL FRAUD IN THE HOUSING MARKET?

http://www.marketwatch.com/story/obama-says-private-sector-is-fine-see-the-charts-2012-06-09?siteid=YAHOOB

During a press conference Friday, President Barack Obama said the private sector “is doing fine,” a comment that drew immediate scorn from conservatives. House Speaker John Boehner, an Ohio Republican, replied the private sector is “not doing well,” and Republican presidential rival Mitt Romney said the remarks show Obama is out of touch. Obama himself later offered a clarification to reporters, saying the economy is “not fine.” In any case, the data on the private sector — what MarketWatch interprets to mean “business” — offers multiple interpretations. Here are the charts of the relevant statistics.




CORPORATE NET WORTH TO GDP








LIQUID ASSETS ON CORPORATE BALANCE SHEETS


CORPORATE DEBT TO EQUITY RATIO