The earnings of these US Big Wholesaling Corps have rocketed under the Obama Administration.....not nearly as well as the Manufacturing Corps, whose earnings growth absolutely skyrocketed, but still just great.
For the most recent year 2011, these 14 US Big Wholesalers registered Total Pretax Income of $9.3 bil, which was an increase of a robust 28% over 2010, and an increase of an even more robust 63% over 2009.
These wholesalers below do not include the Big Drug Wholesalers, which I included with an earlier Health Care Corp post. These Big Drug Wholesalers also did quite well during the Obama Administration, with their Total Pretax Income in the most recent two years up 48%.
In deriving Pretax Income, I start with Pretax Income under Generally Accepted Accounting Principles (GAAP), and then exclude several clearly unusual very large items relative to Pretax Income, such as Asset Impairment Charges.
Clearly, the Obama Administration has created a US economic environment which has permitted these US Big Wholesalers to flat out flourish.
Below here is the Pretax Income of these 14 US Big Wholesaling Corps for each of the most recent three years.
|1 Year||2 Year|
|mils $s||mils $s||mils $s|
|Food and Grocery|
|MSC Industrial Direct||349||241||202||45%||73%|
|World Fuel Services||238||178||150||34%||59%|
|Total all 14||9,310||7,282||5,698||28%||63%|