“The private sector is doing fine” ~ President Obama

“I think he’s really defining what it means to be out of touch with reality.” ~ Republican Tea Party (GOTP) wanna be Willard Mitt Romney

In the 2^nd Quarter the following earnings were reported by the private sector:

Yahoo reported $1.08 billion

EBay reported $3.4 billion

Travelers reported $6.36 billion

McDonald’s reported $6.92 billion

Morgan Stanley reported $7 billion

Google reported $12.21 billion

United Parcel Service (UPS) reported $13.4 billion

Coca-Cola reported $13.09 billion

Intel reported $13.5 billion

Johnson & Johnson reported $16.5 billion

Caterpillar reported $17.37 billion

Microsoft reported $18.06 billion

Citigroup reported $18.4 billion

Bank of America reported $22.2 billion

IBM reported $25.8 billion

Verizon reported $28.6 billion

AT&T reported $31.6 billion

U.S. housing starts jumped 6.9% in June from May to a 760,000-unit rate, topping estimates of a 745,000-unit rate and marking the highest rate since October 2008.

Stock Market was 8077.56 on 19 Jan 09 and 12943.36 on 19 Jul 12

Who’s out of touch Mitt?