Largest Virginia Companies Combined Four Quarters 2019 Pretax Income Declines By a Huge 30% From the Comparable 2018 Prior Period. All Four 2019 Quarters Had Total Pretax Income Declines. Bernie Sanders Frequently and Loudly Asserts That Corporate Profits Are At Record Highs. He's Incorrect, Especially in the Case of Virginia. Bernie's Not Exactly a Financial Whiz.

There are 18 Virginia Companies with stock market caps above $10 bil recently.  Three of these 18 have not released their December 2019 quarter earnings yet.    That leaves 15.

From a review of SEC filings, below are the Gold-Standard US GAAP Pretax Income (Loss) From Continuing Operations for the remaining 15 largest Virginia Companies in each of the four quarters of both 2019 and 2018.

		US	US			US	US			US	US			US	US
		GAAP	GAAP			GAAP	GAAP			GAAP	GAAP			GAAP	GAAP
		Pretax	Pretax			Pretax	Pretax			Pretax	Pretax			Pretax	Pretax
		Income	Income			Income	Income			Income	Income			Income	Income
		(Loss)	(Loss)			(Loss)	(Loss)			(Loss)	(Loss)			(Loss)	(Loss)
		Dec	Dec			Sept	Sept			June	June			March	March
Virginia Largest Companies	Virginia	Quarter	Quarter			Quarter	Quarter			Quarter	Quarter			Quarter	Quarter
Market Caps Above $10 Bil	City HQs	2019	2018			2019	2018			2019	2018			2019	2018
		mils $	mils $			mils $	mils $			mils $	mils $			mils $	mils $
Capital One Financial	McLean	1,448	1,243			1,704	1,921			2,003	2,492			1,719	1,662
Dominion Energy	Richmond	1,273	757			1,036	1,145			101	566			(563)	661
General Dynamics	Reston	1,214	1,132			1,090	1,023			983	970			915	960
Norfolk Southern	Norfolk	828	930			868	908			934	924			861	707
Willis Towers Watson	Arlington	675	477			100	36			187	74			360	264
Markel	Glen Allen	641	(930)			262	519			650	361			733	43
Dollar Tree	Chesapeake	317	340			228	338			344	207			(2,194)	692
NVR Inc	Reston	295	277			267	250			245	242			219	191
CarMax	Richmond	228	248			306	289			351	320			256	210
Verisign	Reston	185	234			193	178			190	165			190	152
Huntington Ingalls Industries	Newport News	172	219			198	295			164	262			149	195
AvalonBay Communities	Arlington	166	385			291	192			168	255			170	142
Booz Allen Hamilton	McLean	147	140			148	120			156	137			118	106
Northop Grumman	Falls Church	(569)	403			1,055	1,364			1,028	976			1,034	999
Altria Group	Richmond	(1,223)	1,710			(2,128)	2,608			2,601	2,557			1,516	2,466
Total all 15 Virginia Cos		5,797	7,565			5,618	11,186			10,105	10,508			5,483	9,450
….. % Change From Prior Year Qtr		-23%				-50%				-4%				-42%
Four Quarters Total Pretax Income
….. 2019		27,003
….. 2018		38,709
………. % Decline		-30%

Such disastrous earnings signal unhealthy future pay raises for the many already underpaid Virginia non-executive employees.

Virginia Company non-executive workers really have had the deck stacked against them for decades versus what is going on with the sky-high annual percentage pay and employee benefit raises of their Companies' Top-Tier Executives.

So which 2020 Democratic Presidential candidate could best help close this massive annual percentage pay raise gap between Virginia Company Top-Tier executives and their already massively underpaid, hardworking Virginia non-executive employees?

More than anything needed to solve this thorny problem is to possess exceptionally strong financial and data science skills, coupled with a keen understanding of how businesses operate.  And you also must have a high degree of  economic fairness. 

Joe Biden, Bernie Sanders, Elizabeth Warren and Amy Klobuchar all have little if any financial acumen, no data science understanding and little if any understanding of how businesses operate.

Further, all four of them worked for the US Government, particularly in the past ten years, when these comparative pay raise results of Top-Tier Executives and non-executive employees were so horrendous, not just in Virginia but also in every other US State.  

On the positive side, all four of them have a high degree of economic fairness.

Michael Bloomberg has both the financial acumen and the understanding of how businesses operate.  

But he has no data science expertise. 

Also and most important of all, Bloomberg has a low degree of economic fairness.  In the many years he was accumulating his wealth of $60+ bil, US income inequality expanded dramatically in each year by leaps and bounds.  So, like many US business tycoons with their sole fixation on maximization of Company profits, Bloomberg accumulated his massive wealth on the backs of the declining US middle class and the growing number of people dropped to the lower economic class.  And by his punitively racial "Stop and Frisk" policy, many New York City people of color were physically thrown against the wall.

And while he was accumulating his massive amount of wealth, Bloomberg was against unions.

I think there is only one Democratic Presidential candidate who has the requisite financial acumen, data science skills, understanding of how business operate and economic fairness to help turn the tide around on this massive, continuing US income inequality expansion caused mainly by the massive gap in annual percentage pay raises between executive and non-executive employees  ..... Pete Buttigieg.