Wall Street profits and overall economic health.

http://www.huffingtonpost.com/2010/10/04/corporate-profits_n_748889.html

"Profits for companies in the S&P 500 soared 38 percent from the same period last year, hitting $189 billion ..."

(source article: WSJ)

 They did this not be earning more revenue (emphasis mine) ...

"Since 2008, corporate profits increased 10 percent -- but revenue was down 6 percent, the WSJ says. To achieve the impressive quarterly results, companies have had, as the WSJ puts it, to "streamline" their operations. This means firing workers, outsourcing labor and shuttering unprofitable (or less profitable) divisions."

And then there's this -

"All these corporate profits came as the country as a whole got poorer. The net worth of households and non-profits dropped 2.8 percent during the second quarter to $53.5 trillion, erasing two quarters of gains. The figure hadn't been that low since the third quarter of 2009."

So can we agree once and for all that corporate health and overall national economic health are NOT the same same? Trickle-down has always been a myth, and the proof is here.