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Obama: Corporate Profits "Have To Be Shared By American Workers"

Renae

Renae

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"If we're fighting to reform the tax code and increase exports, the benefits cannot just translate into greater profits and bonuses for those at the top. They have to be shared by American workers, who need to know that opening markets will lift their standard of living as well as your bottom line," President Obama told the Chamber of Commerce on Monday morning.
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RealClearPolitics - Video - Obama: Corporate Profits "Have To Be Shared By American Workers"

Obama's no socialist, no not at all. :roll:

Profits need to be shared with those for who the risk and investment are greatest, the shareholders.

Obama seems to think Business exists to provide people with jobs. He just doesn't GET IT.
 
I do not think he was saying anything socialist at all. Why is it wrong for workers to expect decent wages for hard work and productivity. He told them that it was nothing that could be legislated, but urged them to help their country in providing jobs and opportunities. If business owners are shortsighted they will indeed look for the quick profit that will not last, as a weak US consumer base will leave them with no business down the road. In the longterm scheme, providing good paying jobs will go further to increase their profits and sustain their business into the future.
 
MrVicchio said:
RealClearPolitics - Video - Obama: Corporate Profits "Have To Be Shared By American Workers"

Obama's no socialist, no not at all. :roll:

Profits need to be shared with those for who the risk and investment are greatest, the shareholders.

Obama seems to think Business exists to provide people with jobs. He just doesn't GET IT.
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This post demonstrates exactly what is wrong in America today. Our society has become a culture of "how can I maximize my bottom line" without any concern about what it takes to get there.

There was a time in this country where people took pride in their jobs and in their work because the company took pride in their workers and their products.
No one, including Obama is saying that companies and shareholder shouldn't make a profit...What Obama is saying is absolutely correct...we need to return to the time when American companies had a soul and actually reinvested some of the money the company made into the company and the workforce.
 
disneydude said:
This post demonstrates exactly what is wrong in America today. Our society has become a culture of "how can I maximize my bottom line" without any concern about what it takes to get there.

There was a time in this country where people took pride in their jobs and in their work because the company took pride in their workers and their products.
No one, including Obama is saying that companies and shareholder shouldn't make a profit...What Obama is saying is absolutely correct...we need to return to the time when American companies had a soul and actually reinvested some of the money the company made into the company and the workforce.
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Exactly!! That's exactly what he meant when he talked to Joe The Plumber.
 
Obama believes he knows better than the entire business community, how to run their businesses. It's so dumb it hurts.
Unlike government, we don't have successful taxpayers like ourselves, to bail us out of we make stupid decisions.
 
Lenin, Trotsky, and Marx agree wholeheartedly.

Folks, rich people won't risk their money by employing people if the potential for return is not significant.

This fantasy land you want doesn't exist, and Communism doesn't work. Where does that leave you?
 
Mach said:
Obama believes he knows better than the entire business community, how to run their businesses. It's so dumb it hurts.
Unlike government, we don't have successful taxpayers like ourselves, to bail us out of we make stupid decisions.
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Do you have amnesia, was for bailing out Detroit before Obama was.

U.S. Throws Lifeline to Detroit - WSJ.com
 
What Obama is saying is absolutely correct...we need to return to the time when American companies had a soul and actually reinvested some of the money the company made into the company and the workforce.
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pbrauer said:
Exactly!! That's exactly what he meant when he talked to Joe The Plumber.
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they do. It's called a paycheck.
 
Whovian said:
they do. It's called a paycheck.
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Whovian, people can't possibly be expected to manage their income responsibly. How else are they going to get their flat screens and iPhones?
 
Erod said:
Whovian, people can't possibly be expected to manage their income responsibly. How else are they going to get their flat screens and iPhones?
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What does that have to do with millions being out of work? And what does money management have to do with people being paid low wages? It has nothing to do with money management and everything to do with the wholesale movement of work out of this country. Obama was simply calling for companies to give raises if deserved and not use the recession as a means to keep worker pay low and CEO bonuses high.
 
tlmorg02 said:
What does that have to do with millions being out of work? And what does money management have to do with people being paid low wages? It has nothing to do with money management and everything to do with the wholesale movement of work out of this country. Obama was simply calling for companies to give raises if deserved and not use the recession as a means to keep worker pay low and CEO bonuses high.
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They already do. You have to in order to keep your good people. Now, if profits are down and the future is uncertain, you might not be able to, but that's just the marketplace dictating your actions.

Finding and keeping good people in today's lazy American workforce is difficult. Frankly, the recession got rid of a lot of dead weight for companies, which were paying unproductive people for years while the economy was steamrolling. I witnessed that first hand.

We need to take the reigns off of business so they will expand their operations and hire people. My hope this scared the crap out of people, and that they go back to work soon with a renewed appreciation for work, their employer, and their personal well-being.
 
pbrauer said:
Do you have amnesia, was for bailing out Detroit before Obama was.U.S. Throws Lifeline to Detroit - WSJ.com
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No, that's actually more of the same stupidity. Bailing out failing business while also subsidizing them throughout their existence, is NOT a way to spur long term job growth. Good gods man. Why don't we just employee everyone right now? (because we wouldn't make any money to pay for it, hint).
 
tlmorg02 said:
What does that have to do with millions being out of work? And what does money management have to do with people being paid low wages? It has nothing to do with money management and everything to do with the wholesale movement of work out of this country. Obama was simply calling for companies to give raises if deserved and not use the recession as a means to keep worker pay low and CEO bonuses high.
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Nonsense. Hell, we have 5M Americans that work here in the U.S. for FOREIGN owned businesses. The door goes both ways, you're chasing fantasy. Apple creates like 2 jobs for every job they ship overseas for manufacturing. They create jobs.
 
Barbbtx said:
Well, he did tell O'Reilly one truth. He said he hasn't changed since he was elected.
He is still the same socialist we elected.
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His rhetoric certainly has changed - he's now in self preservation mode, but really it's more of the same: Promise anything to anyone for all things and hope to get re-elected.

Who knows - maybe people are as stupid or more stupid than Obama thinks. :shrug:
 
tlmorg02 said:
What does that have to do with millions being out of work? And what does money management have to do with people being paid low wages? It has nothing to do with money management and everything to do with the wholesale movement of work out of this country. Obama was simply calling for companies to give raises if deserved and not use the recession as a means to keep worker pay low and CEO bonuses high.
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It's none of Obama's business to tell anyone where, when, how, and to whom they should spend their money.
It's his job to make it favorable for businesses to keep their money here and to hire people here. He is not a dictator of what wages shall be paid to workers or CEOs.
 
Bah...everyone is reading this all wrong. He isnt calling for wealth redistribution. He is making a politically correct shoutout to 'the workin man' to justify lowering corporate taxes. He is doing what the republicans want him to do to stimulate job development. He is just wrapping it in sparklies. Nothing is going to change. executives will still get paid. Shareholders will still get profits. And hopefully, more people will be employed with decent wages.
 
Barbbtx said:
It's none of Obama's business to tell anyone where, when, how, and to whom they should spend their money.
It's his job to make it favorable for businesses to keep their money here and to hire people here. He is not a dictator of what wages shall be paid to workers or CEOs.
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Of course, you want him to just do do do for business and to hell with those whose back the profits are made on. People go on and on about how the best and brightest are paid great, but this is not the case. Worker wages have been largely stagnant for the last forty years. Yet CEO pay has increased some 450%. A call for not pushing US workers into a Chinese pay bracket is not over the top, it is a necessity. Though all in all, I must agree with Vance. Nothing will change and this was all political spin.
 
VanceMack said:
Bah...everyone is reading this all wrong. He isnt calling for wealth redistribution. He is making a politically correct shoutout to 'the workin man' to justify lowering corporate taxes. He is doing what the republicans want him to do to stimulate job development. He is just wrapping it in sparklies. Nothing is going to change. executives will still get paid. Shareholders will still get profits. And hopefully, more people will be employed with decent wages.
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VanceMack,

You miss HIS angle. He knows that lowering the Corp. Tax rate is good for business, and if business improves so do incomes. It's how it works. This way around Oct 2012 when things start picking up again he can say "See, I asked and the Corp.'s listened to me.
 
MrVicchio said:
VanceMack,

You miss HIS angle. He knows that lowering the Corp. Tax rate is good for business, and if business improves so do incomes. It's how it works. This way around Oct 2012 when things start picking up again he can say "See, I asked and the Corp.'s listened to me.
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Why is more Corporate Welfare always your answer for every problem?
 
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MrVicchio said:
RealClearPolitics - Video - Obama: Corporate Profits "Have To Be Shared By American Workers"

Obama's no socialist, no not at all. :roll:

Profits need to be shared with those for who the risk and investment are greatest, the shareholders.

Obama seems to think Business exists to provide people with jobs. He just doesn't GET IT.
Click to expand...

Hell, why not just promote slavery? Why pay for labor at all?

I think there are Americans who honestly believe that business owners don't need employees at all - which, of course, would mean there would be no customers to pay for their products and services, but nevermind that.
 
disneydude said:
Why is more Corporate Welfare always your answer for every problem?
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Since when is NOT forcibly taking people's money, who already pay the lions share of taxes, considered "welfare"?

You don't see that as disingenuous?
 
Mach said:
Since when is NOT forcibly taking people's money, who already pay the lions share of taxes, considered "welfare"?

You don't see that as disingenuous?
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No, because disneydude thinks your money is his.
 
MrVicchio said:
VanceMack,

You miss HIS angle. He knows that lowering the Corp. Tax rate is good for business, and if business improves so do incomes. It's how it works. This way around Oct 2012 when things start picking up again he can say "See, I asked and the Corp.'s listened to me.
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I didnt miss it at all. Thats why I SAID that is what he was doing. Its not unlike speaking out against the war, then elevating and escalating. Or promising closure of GITMO and offering constitutional rights to terrorists then changing his mind and not only keeping open GITMO, denying newly captured individuals constitutional rights, but also opening a new black ops prison at Bilad. All he has to do is SAY the right things to make everyone feel all better. Thats what he is doing now.
 
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