A Bit of Schooling for Red Scare Bots

Once again, new numbers indicate that corporate profits are at an all-time high, and employee wages just hit an all-time low (as a percentage of GDP).

Way too many ignorant Republicans believe the president is a communist, harkening back to the Red Scare era of disgraced Republican fearmonger Joe McCarthy.

If the president were really a communist, these numbers would be significantly different. Corporations would be entirely owned by the government and workers would be paid the same wage. Instead, business is booming and, due to a lack of regulation, corporations aren't investing profits in hiring new workers.

In fact, corporations are sitting on record cash assets therefore logic dictates that tax cuts won't convince them to spend more money on workers if the Bush tax cuts (the largest tax cut in history) didn't motivate them either.