Corporate profits have improved significantly. They have done this through outsourcing rather than an expansion of markets or new products.
If the GOP does not face this issue they will not only lose this election but they will be kicked out altogether and we will see another 40 years of Dem power. The GOP is being quite stupid about this. They should be fighting day and night on it butniunstead put unpersuasive people up who bang out macro economic theory. Watch Bush lose over this.