Your left wing fact manipulation is amusing. Just like Maobama saying that his administration has held the line on spending after he started his administration by adding $850 billion to the deficit. And then baselines from there.
Corporate profits are up for the same reason that economic growth is slower than an arthritic snail. When you drop an avalanche of rules and regulations on business as well as the uncertainty of Obamacare and, now, nearly a million criminal immigrants into the work force, businesses will hold onto their money. They will not invest or add employees because they don't know how much they will be penalized.
And I am certain that Dr. Sowell was not heartened by your respect nor saddened by losing it.