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Old 08-19-2012, 01:33 PM
 
11,314 posts, read 7,315,255 times
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The DOW is almost back to where it was before the recession began back in 2007, corporate profits are hitting historical highs, and the rich are getting richer. I'm just wondering when the economy is suppose to start improving? I was told that if those at the top make more it would lead to gains for the poor and middle class. Why is that not happening?
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Old 08-19-2012, 01:50 PM
 
Location: None of your business
5,467 posts, read 3,763,834 times
Reputation: 1170
Quote:
Originally Posted by Winter_Sucks View Post
The DOW is almost back to where it was before the recession began back in 2007, corporate profits are hitting historical highs, and the rich are getting richer. I'm just wondering when the economy is suppose to start improving? I was told that if those at the top make more it would lead to gains for the poor and middle class. Why is that not happening?
lol, I thought the left didn't need the job creators? The job market will improve once Obama is out of office.
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Old 08-19-2012, 01:52 PM
 
Location: None of your business
5,467 posts, read 3,763,834 times
Reputation: 1170
LOL, do you mean Obamas policies are not working? Of course they are not.

its because of Obama that businesses are holding their cash. Paid down debt position. not investing

and they will not invest (including hiring) until they absolutely have to or until Obama is out of office.

Obamas Administration's actions are hurting the business environment and specific industries that have dampened business hiring.

Issued 106 new major rules that cost U.S. businesses $11 billion in implementation and more than $46 billion each year.

Make the United States a less desirable place to open or run a business.

Imposed a new investment income "surtax" of 3.8 percent. (including business who invest)

The United States to become the highest corporate tax nation in the developed world.

Expressed plans to raise the capital gains tax, which would discourage U.S. capital formation and drive investment overseas.

Demonized businesses and one-percent income earners consistently as greedy when in fact its the people on the dole who are greedy.

Perpetuated the fraud of "green jobs" to sell and justify stimulus funds with little evidence to support the market for these jobs.
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Old 08-19-2012, 01:54 PM
 
11,314 posts, read 7,315,255 times
Reputation: 4479
Quote:
Originally Posted by eRayP View Post
lol, I thought the left didn't need the job creators? The job market will improve once Obama is out of office.
So the market regains it loses, corporations earn record profits, and the rich are getting richer, but they are just waiting to start handing out jobs left and right until Obama leaves town?

Wow, that's just dumb.
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Old 08-19-2012, 01:55 PM
 
Location: The land of infinite variety!
2,050 posts, read 1,229,693 times
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What jobs has Romney created with all of his tax breaks since leaving Bain in 1999 (or 2002)? Just curious.
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Old 08-19-2012, 01:56 PM
 
11,314 posts, read 7,315,255 times
Reputation: 4479
Quote:
Originally Posted by eRayP View Post
LOL, do you mean Obamas policies are not working? Of course they are not.

its because of Obama that businesses are holding their cash and they will not invest (including hiring) until they absolutely have to or until Obama is out of office.

Obamas Administration's actions are hurting the business environment and specific industries that have dampened business hiring.

Issued 106 new major rules that cost U.S. businesses $11 billion in implementation and more than $46 billion each year.

Make the United States a less desirable place to open or run a business.

Imposed a new investment income "surtax" of 3.8 percent. (including business who invest)

The United States to become the highest corporate tax nation in the developed world.

Expressed plans to raise the capital gains tax, which would discourage U.S. capital formation and drive investment overseas.

Demonized businesses and one-percent income earners consistently as greedy when in fact its the people on the dole who are greedy.

Perpetuated the fraud of "green jobs" to sell and justify stimulus funds with little evidence to support the market for these jobs.
Wrap all that up and it equals the market regaining its loses, corporations seeing record profits, and the rich getting richer.
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Old 08-19-2012, 01:56 PM
 
Location: None of your business
5,467 posts, read 3,763,834 times
Reputation: 1170
poor babies, are you still waiting for someone else to do it for you?

lol, how many jobs have you created? Just curious.
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Old 08-19-2012, 02:11 PM
 
Location: Pluto's Home Town
9,995 posts, read 11,640,398 times
Reputation: 5579
Funny, the richies get bailed out, profits explode, and they promptly have a tantrum. Give us a nice, cozy GOP president or we won't hire!!!! Do the letters FO mean anything to ya? No, we will not have the corporate sector pull extortion on the rest of us. But I am just responding to ErayP's bogus premise. Even if it were true, it would be despicable corporate behavior.

The truth is that they will not hire, because they care only about maximizing their short-term profits, not employing anyone. Ironically, that short-term focus works exactly against their industries in the longer term, because we cannot have demand when the consumer is in the tank. They keep gorging on the seed corn and blaming others for the poor harvests. But the truth of the matter is that private sector hiring is actually going up. It is public sector layoffs that are screwing the housing market and undermining demand these days. I really doubt that is going to improve with a GOP president.

As for top bracket tax cuts helping the working man. Not at all. The corporations and wealthy have proven they just don't give a damn about the American worker That has nothing to do with Obama.
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Old 08-19-2012, 02:12 PM
 
11,314 posts, read 7,315,255 times
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Quote:
Originally Posted by eRayP View Post
poor babies, are you still waiting for someone else to do it for you?

lol, how many jobs have you created? Just curious.
I'm a teacher.
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Old 08-19-2012, 02:13 PM
 
11,314 posts, read 7,315,255 times
Reputation: 4479
Quote:
Originally Posted by Mayiask View Post
What jobs has Romney created with all of his tax breaks since leaving Bain in 1999 (or 2002)? Just curious.
He's probably kept a lot of lawyers and accountants employed, so he's got that going for him.
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