So when are Conservatives going to address the fact that businesses are making record profits and still not hiring? (NAFTA, unemployment)

[Wapasha]

Originally Posted by EddieB.Good

There are at least 3 threads on the first page attributing the plight of workers or the weaker economy to Obama. What? How is the President responsible for a business' decisions on when to hire or how much to pay? The most the President can do is create an environment for business to be successful & profitable... which the current environment is.

Which it is not. 0bama and his admin are openly hostile to all business except green energy, hostile to the small business owners, who he derides as "the rich" and regularly demonizes them for "not paying their fair share."

Originally Posted by EddieB.Good

So are Conservatives being deceptive when they complain about the conditions they asked for? Are they too obtuse to see the cause & effect relationship of their agenda? Or are they serious when they blame Democrats for Republican actions?

That's rich, 0bama signed Dodd-Frank and 0bamacare, and forced them down our throats, and you act as if the Conservatives wanted them. Neither of these legislations are being implemented on time, both are monumentally complicated, confusing, and affect business in a suffocating way.

[MTAtech]

"when are Conservatives going to address the fact that businesses are making record profits..."

That damn socialist Obama!!!

[slasher11]

You raise a good point.

Why is it that Businesses are seeing record profits under the Obama presidency?

[pghquest]

Originally Posted by MTAtech

"when are Conservatives going to address the fact that businesses are making record profits..."

That damn socialist Obama!!!

Poverty at record levels,
Welfare at record levels,
Debt higher than ever
Deficits we're being told arent high enough

Yeah, that Obama, his polices are a major success

[Cavaturaccioli]

Why is this something conservatives have to moan about? Why aren't liberals crowing about what a great President Oblahblah has been in getting these companies profitable again? (Hint: Maybe it's because all the dollars flowing in to these companies' coffers is worth less and less by the minute.)

[Taratova]

Many companies took their full time help and put them part time and added more part time people because of Obamacare.. the businesses are holding on to their cash because this system is going to have economic woes like never before.

[MTAtech]

Originally Posted by Cavaturaccioli

Why is this something conservatives have to moan about? Why aren't liberals crowing about what a great President Oblahblah has been in getting these companies profitable again? (Hint: Maybe it's because all the dollars flowing in to these companies' coffers is worth less and less by the minute.)

You are partially right. Having companies profitable is a good thing. You are wrong that dollars are worth less. Inflation is very low and the dollar is strong internationally. Wonder when the dollar became less valuable? Behold:

[Wapasha]

Originally Posted by Willsson

Obviously, none the left can hide behind either. It's time to stop interfering with business functions, call the dogs off.

Maybe the government goons should just pack up and go home.

0bama has joked that he might do just that, we should take him up on that in a serious way.


“Maybe I should just pack up and go home”

[michiganmoon]

Originally Posted by Winter_Sucks

Record corporate profits,

A lot of the profits are from reducing costs. Streamlining, efficiency, unfortunately some cut back on employees and their compensation, etc... It does help with investors.

Notice that we are NOT at record Revenues. It is easier to at least temporarily increase profits with the above measures than to increase revenues.

This profit money will go back in and get invested when companies feel safe - why invest your emergency money when you feel uncertain?


Perhaps Obama could try Romney's idea of having a one time tax break for countries bringing foreign profits into the country. Notice how Apple borrowed money at 1% or less rather than bring money into the US to get hit at what they said would be a 30% tax rate. Wouldn't it be better to simply get those record profits into the country? 43% of the S&P 500 companies profits are coming in other countries and most of that is not entering the US.

Originally Posted by Winter_Sucks

the stock market is at record levels,

Thank our record debt and QE 1, QE 2 and QE 3. Oh, who could forget QE 4. We will create $3,000,000,000 a day in 2013 and a Trillion dollars this year. Why?

Because if we don't artificially keep the interest rates low the interest payments will explode and make the national debt rise exponentially. If Obama wasn't creating money out of thin air the annual deficits and national debts would be looking a lot uglier as the new bonds would have higher rates of borrowing.

How long do you think Obama can hold interest rates back this way?

So with bond rates low...below inflation...where do investors park their money? Stocks...they only chance to beat inflation within most 401Ks.

The 1920s were also record stock years. This is built on artificially low interest rates... I might be weary of a sharp pullback after 2013 and QE 4 ends -- certainly Obama wouldn't do QE 5.

Originally Posted by Winter_Sucks

and the rich are getting richer.

Historically speaking, often everyone improves...but yes the top 1% have gotten 121% of the wage increases under President Obama.

More people are dependent on the government. 70% increase in food stamps since 2008.

Originally Posted by Winter_Sucks

When is all that wealth going to trickle down?

When we have a real recovery. Not a mythical recovery. This is the only recovery that I know of that has seen:
#1 the employment rate of 25-54 year olds drop
#2 household income drop
#3 people on food stamps and welfare shoot up by over 10 million
#4 recovery jobs averaging 70% of the compensation of jobs lost

Another recovery like this and we may enter a minor depression.

[pghquest]

Originally Posted by MTAtech

You are partially right. Having companies profitable is a good thing. You are wrong that dollars are worth less. Inflation is very low and the dollar is strong internationally. Wonder when the dollar became less valuable? Behold:

Chinese Sue Fed For Monopoly USD Devaluation | Zero Hedge

A woman in Kunming, Yunnan province, is trying to sue the United States central bank after discovering that the real value of the US$250 she put in an account in 2006 had shrunk by 30 per cent.