Things You Should Read on the Morning of December 1, 2013
Yes, Obama Got the Most He Could Possibly Have Gotten as Far as Health Care Reform Is Concerned with ObamaCare. Why Do You Ask?

Evening Must-Read: The All-Time Record Corporate Profits Share

Steve Goldstein: What bubble? Corporate profits reach new record as share of GDP:

One can make an argument about the stock market being overvalued, but the corporate profits that should underlie valuations are certainly in pretty good shape.... There are a number of profit measures in the report, but the one shown in this graph, adjusted after-tax profits.... As a percentage of GDP, corporate profits reached a record of 10.8%.