BUSINESS

Paul Krugman: 'Pity The Poor CEOs'

07/09/2010 07:59 am ET | Updated May 25, 2011

Job creation has been disappointing, but first-quarter corporate profits were up 44 percent from a year earlier. Consumers are nervous, but the Dow, which was below 8,000 on the day President Obama was inaugurated, is now over 10,000. In a rational universe, American business would be very happy with Mr. Obama.

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