South Carolina Corporate 2011 Annual Earnings On Fire Under Obama

I found 6 Corporations headquartered in South Carolina, which file with the SEC, and which had Pretax Income or Pretax Loss of more than $100 mil in any of the most recent three fiscal years. 

The Total Pretax Income of all of these 6 South Carolina Corps increased by a very robust 51% in 2011 over 2010, and increased by an even more impressive 133% over 2009.

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 Impairments, and Gains and Losses on both Debt Retirements and Asset Dispositions.

South Carolina citizens should be extremely proud of the operating performance in the most recent two years of their superb South Carolina Corporations. 

Clearly, the Obama Administration has created an economic environment that has permitted these South Carolina Corporations to flat-out flourish. 

Below here is the Pretax Income (PTI) or Pretax Loss (PTL) of these 6 South Carolina Corps for each of the most recent three years, with the most recent fiscal year ends ranging from March 2011 to December 2011.

					Obama
					Bump
				PTI(L)	PTI(L)
				1 Year	2 Year
	PTI(L)	PTI(L)	PTI(L)	%	%
	2011	2010	2009	Change	Change
	mils $s	mils $s	mils $s
South Carolina
AVX	334	176	97	90%	244%
Sonoco Products	284	303	214	-6%	33%
World Acceptance	143	119	92	20%	55%
Scansource	111	76	76	46%	46%
Advance America, Cash Centers	105	66	88	59%	19%
Kemet	104	(22)	(103)	573%	201%
Total all 6	1,081	718	464	51%	133%