- Up 12% Over 2012
- Up 22% Over 2011
- Up 37% Over 2010
- Up 165% Over 2009
- Up 8,137% Over 2008
- Up 65% Over 2007
| Two Year Total Earnings: | |
| ….. 2013-14 | 2,358,251,000,000 |
| ….. 2008-09 | 406,469,000,000 |
| ………. Two Year Earnings Increase | |
| …………....... Amount | 1,951,782,000,000 |
| ………………...... % | 480% |
BUT 2014 Total Audited Earnings:
- Down 10% From 2013
Below here are the total earnings of these 15 previous posts combined:
| 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | |
| US GAAP | US GAAP | US GAAP | US GAAP | US GAAP | US GAAP | US GAAP | US GAAP | |
| Audited | Audited | Audited | Audited | Audited | Audited | Audited | Audited | |
| Net | Net | Net | Net | Net | Net | Net | Net | |
| Income | Income | Income | Income | Income | Income | Income | Income | |
| 100 US Company Largest Layer Totals | (Loss) | (Loss) | (Loss) | (Loss) | (Loss) | (Loss) | (Loss) | (Loss) |
| $ mils | $ mils | $ mils | $ mils | $ mils | $ mils | $ mils | $ mils | |
| 100 Largest (#1-#100) | 627,653 | 650,857 | 568,947 | 581,687 | 516,202 | 357,164 | 170,905 | 402,626 |
| 100 Second Largest (#101-#200) | 144,539 | 136,407 | 115,024 | 107,233 | 93,357 | 60,860 | 37,266 | 106,684 |
| 100 Third Largest (#201-#300) | 81,724 | 82,233 | 68,773 | 70,945 | 65,910 | 19,030 | (38,903) | 19,666 |
| 100 Fourth Largest (#301-#400) | 55,529 | 59,607 | 55,503 | 57,692 | 40,996 | 21,523 | (23,845) | 44,304 |
| 100 Fifth Largest (#401-#500) | 43,898 | 50,358 | 45,318 | 34,244 | 35,203 | 33,719 | 801 | 26,959 |
| 100 Sixth Largest (#501-#600) | 32,260 | 29,827 | 23,351 | 19,021 | 19,240 | 7,342 | (8,686) | 14,467 |
| 100 Seventh Largest (#601-#700) | 28,767 | 26,057 | 16,585 | 10,383 | 19,483 | 243 | (8,105) | 15,296 |
| 100 Eigth Largest (#701-#800) | 20,134 | 19,717 | 15,303 | 14,753 | 13,847 | 7,946 | (812) | 10,678 |
| 100 Ninth Largest (#801-#900) | 15,949 | 13,542 | 13,128 | 10,687 | 8,349 | (1,334) | (6,866) | 8,627 |
| 100 Tenth Largest (#901-#1000) | 10,890 | 10,572 | 7,648 | 3,669 | 6,329 | (1,150) | (4,915) | 5,671 |
| 100 Eleventh Largest (#1001-#1100) | 20,452 | 92,556 | 25,552 | (10,903) | (6,253) | (68,687) | (60,691) | 9,266 |
| 100 Twelfth Largest (#1101-#1200) | 7,413 | 6,638 | 7,461 | 5,247 | 3,234 | 1,963 | (4,683) | 3,812 |
| 100 Thirteenth Largest (#1201-#1300) | 8,508 | 7,603 | 6,906 | 7,445 | 5,120 | 1,714 | (10,203) | 5,786 |
| 100 Fourteenth Largest (#1301-#1400) | 3,743 | 3,551 | 4,631 | 4,656 | 5,836 | 892 | (531) | 4,876 |
| 100 Fifteenth Largest (#1401-#1500) | 12,989 | 54,278 | 17,564 | (1,830) | (11,081) | (20,887) | (54,599) | (1,969) |
| Total 1500 Largest US Companies | 1,114,448 | 1,243,803 | 991,693 | 914,929 | 815,773 | 420,338 | (13,867) | 676,749 |
| Annual Earnings % Changes: | ||||||||
| ….. 2014 vs 2013 | -10% | |||||||
| ….. 2014 vs 2012 | 12% | |||||||
| ….. 2014 vs 2011 | 22% | |||||||
| ….. 2014 vs 2010 | 37% | |||||||
| ….. 2014 vs 2009 | 165% | |||||||
| ….. 2014 vs 2008 | 8137% | |||||||
| ….. 2014 vs 2007 | 65% | |||||||
| Two Year Total Earnings: | ||||||||
| ….. 2013-14 | 2,358,251 | |||||||
| ….. 2008-09 | 406,469 | |||||||
| ………. Two Year Earnings Increase | ||||||||
| ………….. Amount | 1,951,782 | |||||||
| ………………. % | 480% |
From the above nearly all audited by very prestigious Big 4 CPA Firms US GAAP earnings numbers, it should be clear that the 1,500 largest US Companies have recovered miraculously from the 2008 worldwide financial meltdown. Their Total Audited US GAAP Earnings From Continuing Operations for the most recent year 2014 of $1,114 Bil were a monstrously off-the-charts 81 Times the 2008 Total US GAAP Audited Losses of $14 Bil.
Not only have the Total Audited Earnings of these 1,500 largest US Companies recovered all that they lost with the 2008 financial meltdown, but they added another 65% from their previous annual high in 2007 before the financial meltdown hit.
It is pretty clear to me that the major drivers of this wholescale, massive earnings recovery from the disastrous 2008 financial meltdown were prescient steps taken by the Obama/Biden Administration and by the US Fed.
That's why financially astute people know that they want a continuation of the economic policies of the Obama/Biden Administration.
On the huge downside here, the Total Audited Earnings of these 1,500 largest US Companies for 2014 were down 10% from 2013. This points to the clear necessity of both the TransPacific and TransAtlantic Trade Partnerships to pass. The last thing the US economy needs is a President against these two key Trade Agreements, which will drive the growth of company earnings globally for many years to come.
But guess what? The two leading Democratic Presidential candidates and the leading Republican candidate have all boldly announced that they are against the TransPacific Trade Partnership.
I'll make a prediction. The next US President will be fervently for both the TransPacific and TransAtlantic Trade Agreements. Financially astute voters know of the necessity of company profit growth for a successful capitalistic system. Since the US Congress has made it clear that it will not pass either economic stimulus or corporate tax reform, all that is left to substantially spur company profit growth are wisely-designed Trade Agreements. I don't like saying this but absent the TransPacific and TransAtlantic Trade Agreements, just like what has happened in each of the most recent 7 quarters, Total US GAAP Earnings of US Companies will continue to decline, which will eventually also lead to continuing higher US unemployment. US Companies don't hire employees when their earnings decline. Instead, they lay people off. It's that simple.
I think for someone to be against the TransPacific Partnership shows that either they don't really understand what is necessary for capitalism to work well or are so ambitious that they are willing to take a near-sighted populist position on a critical economic issue that would seriously harm the country just to get elected US President. Just sayin.
There clearly is a huge problem with US Income Inequality, but can you imagine how the US middle and lower economic classes would have fared if the Obama/Biden Administration and Fed Chair Ben Bernanke hadn't taken their economic actions. It would have been extremely ugly even now.
And in similar fashion, can you imagine how the US middle and lower economic classes will fare if the TransPacific and TransAtlantic Partnerships don't pass? It also will be ugly. These critical partnerships will keep the world economy thriving economically for many years to come, with the resultant much higher company earnings. The US Congress just needs to fulfill its role to ensure that these economic fruits are shared more fairly between the upper, middle and lower economic classes.
In viewing the very recent Democratic Presidential Debate held in Las Vegas, I thought Bernie Sanders was the winner of the debate. But unless something were to change, I don't think any of the 5 Democratic Presidential Candidates on the stage would stand much of a chance against someone very formidable like Marco Rubio, who like Barack Obama is also fervently for the TransPacific Trade Agreement.
