Socialist in Chief: Obama Tells American Businessess That Profits Must Be Shared With Workers (Video)
Posted by Jim Hoft on Monday, February 7, 2011, 11:58 AM
His answer to everything… Socialism.
Obama told the Chamber of Commerce today that,
“Corporate Profits “Have To Be Shared By American Workers”
Via Real Clear Politics:
Just wondering.. Was this supposed to be his apology for bashing business the past two years?
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Published May 22, 2012 at 5:04 am - 34 Comments
NeoKong commented:
This from the guy who has never held a private job or so much as run a lemonade stand.
Ed commented:
the communist in chief at work!
what do you expect from an individual that had everything handed to them via affirmative action, including the Presidency!
xqqme commented:
“From each according to their ability, to each according to their need.”
Don Luskin on CNBC just said “Obama is pro-business like a wolf is pro-sheep!”
John commented:
He’s absolutely right. If employees want a share of the profits, but stock in the company … it called dividends. And it puts their capital at risk in the future of the company.
But that of course is not what our Kindergarten Marxist really means.
mmc commented:
Is anyone in congress or the senate going to sit Obama down ( yes like a child ) and tell him this is America !!! Enough already !!
MrGoodWench commented:
Soooooo….
will Arian Huffington equally distribute all the money AOL is giving her , among her bloggers and editorial staff ?
kansas commented:
This is good news. I thought Obama didn’t think business should make a profit. And of course they “share” this profit with their employees. That’s how the employees are paid. Cmon, was it that hard?
bg commented:
++
and the beat goes on, yet no one recognizes the tune.. /s/
==
Susan commented:
WHy then pony up the money Oprah, Gore, Buffet, Kennedy, Schwarzennegger, Bloomberg, Ari Emmanuel, Pelsoi, Streisand, Madonna, Couric, Lady Gaga, Hanks, Clooney, Moore, Boxer and the rest of the uber-Hollywood kidz….
YOUR PRESIDENT-THE ONE YOU SPENT HUNDREDS OF MILLIONS OF DOLLARS TO WIN YOUR ELECTION-IS CALLING UPON YOU TO GIVE YOUR WEALTH TO US WORKING AMERICANS.
I expect no less than my $500,000 check from Oprah.Inc by the end of this week.
theBuckWheat commented:
Socialism is the fraudulent offer by government for each of us to live at the expense of others. Christians must know that this violates three of the Ten Commandments: coveting, supported by lies and made possible by using government to commit theft.
God promises that He cannot bless any activity that violates His law. Such sanction is built into socialism, for it destroys private property.
Without property rights, there cannot be a free market in the exchange of goods and services.
Without a free market, without a willing buyer and a willing seller, it is IMPOSSIBLE to know the realy price of anything.
Without the price, it is IMPOSSIBLE for anyone to make the necessary economic calculation, that is to know when the inputs to an activity (labor or raw materials) costs more or less than the output of an activity (the value of the thing produced or service performed).
Without the economic calculation, it is IMPOSSIBLE for an economic activity to make a profit and thus be sustainable. Conversely, it is IMPOSSIBLE for an unprofitable economic activity to be sustainable.
Without profit, it is IMPOSSIBLE to have resources from which to feed, clothe and house those who are involved in the activity.
Without profit, it is IMPOSSIBLE, to have excess resources to set aside in the form of savings.
Without savings, it is IMPOSSIBLE to have capital to invest in new economic activities.
Without the ability to have property rights to those savings, it is IMPOSSIBLE to evaluate all of the other possible economic activities to find the ones that carries the least risk when compared to their anticipated return, and to properly allocate savings to the most promising investments.
Without new economic activity and without the ability for others to invest as it suits the saver, the economy cannot have the opportunity nor the resources with which to adapt to changing circumstances, let alone to provide jobs and resources for the next generation.
Without honest money, government is free to destroy the very means of accounting for and exchanging wealth. Without the assurance that money will not retain its value, people will not save but instead will either consume excess wealth or will store it in forms like fixed assets that preclude investment in new economic activity.
In other words, without property rights, a free market, price information that allows economic calculation of profit, the ability to save with the assurance those savings are free to be invested when and where the saver sees fit, and without honest money, a sustainable economy is IMPOSSIBLE.
Without a sustainable economy, it is IMPOSSIBLE for humans to exist. This is exactly the reason that North Koreans are reduced to foraging for bark and grass to fill their empty stomachs. Their government forbids property rights, forbids a free market, destroys price information, confiscates savings, forbids investment and has no economic growth.
Liberty, property, profit, investment, capital and honest money are the only means of creating a sustainable economy. All other ways have been tried and have failed utterly. Yet, somehow, property rights, profit, capital and honest money are still considered to be evil, particularly in the thinking of people still yearning for the perfect socialist Utopia. Socialism is in reality the economy of death.
Ed commented:
in the meantime, Texas is now experiencing an increase in the influx of Illegal immigrants….this time from INDIA! they are using asylum laws to get into the US, how many of them are potential terrorist plants?
http://www.latimes.com/news/nationworld/nation/la-na-border-indians-20110206,0,3295315.story
the border is still as porous as ever! the border needs to be secured.
donh commented:
You have a deadly plague going around. People flee to healthier locations for their own survival …and the mayor says No! You must stay where you are and share in the terminal sickness. …You can’t charge $50 for a hamburger and then complain about the fact you are losing all your customers. BIG bossy government raises the cost of living , which kills jobs every time every where.
jomojava the infidel commented:
Yep, he really is a “Centrist” all right.
Anyone ask Sen. McPain for a comment?
tarpon commented:
So companies can just shutdown and share what’s left.
I am not sure he understands what went wrong in Kenya. or why his pappy was told to take a hike.
MrGoodWench commented:
This from the guy who has never held a private job or so much as run a lemonade stand
+++++++++++++++++
Actually Obama did run a lemonade stand as a kid. He did it with another 6 yr old buddy of his, when he was in indonesia.
Here is the story, which has yet to gain gospel status among his fellow marxists:
Obama and his buddy opened a lemonade stand and 3 hours went by and they sold nothing.
4 hours went by and still they could sell nothing.
So Obama had an idea, he asked his buddy to act like a customer to look as if the stand was busy. The buddy only had a quarter so he acted like a customer, gave his quarter to Obama and bought a glass of lemonade.
Another hour passed and still no customers.
So the buddy asked Obam to act like a customer and Obama used the same quarter to buy a glass of lemonade from their stand.
Another hour passed and still no customers.
Now every hour Obama and his buddy took turns acting like customers of their own stand and by the end of the day, they couldn’t understand why ALL their lemonade was gone and they still handn’t earned ANY money
Airon Later commented:
Many companies – including 2 of my previous employers – had a “profit sharing” program that gave workers quarterly “sharing” checks based on the performance of the company. It was, and likely still is, a great incentive for the individual to work harder and push forward so their “share” in the companies progress was better the next time around. This is precisely what Obama is talking about, but then again, you people favor fear and ignorance over all, don’t you………..
squeaky commented:
“North Koreans are reduced to foraging for bark and grass to fill their empty stomachs. Their government forbids property rights, forbids a free market, destroys price information, confiscates..” all the while the ruling elite live life large. never mind obama answering that 3:00 a.m. call – when will the average joe american do it?
Elmo commented:
How about losses?
kansas commented:
You people?
Fenway_Nation commented:
And when that profit sharing takes the form of shares, then the shareholders can become part of the villified ‘Wall Street Fat Cat’ crowd for the default class warfare setting the Dems will run on in 2012.
jomojava the infidel commented:
Airon Later #16:
Fine, let private business set the incentive to their employees and at the same time, attract more qualified employees. Dictating that incentive is not the job of the Federal Government Wealth Redistributors.
And when this guy starts talking about “reforming” the tax code, I really would like to know what he means.
Madkangaroo commented:
Ummm, Mr. Obama, profits are what’s *left over* after paying the bills and *making payroll*. Payroll typically runs about 20-30% of sales; profits tend to run in the 3-10% range.
Maybe “president” Obama wants workers to get paid *less*? Or maybe he’s just plumb ignorant. Or both.
Re: Susan #9 – “Liberals” are not against wealth per se, only wealth they don’t control.
donh commented:
Workers are paid to make profits . Profits are not paid to make workers . Obama has it A** backwards like everything he does.
Alana commented:
#16 February 7, 2011 at 12:39 pm
Airon Later commented:
Many companies – including 2 of my previous employers – had a “profit sharing” program that gave workers quarterly “sharing” checks based on the performance of the company. It was, and likely still is, a great incentive for the individual to work harder and push forward so their “share” in the companies progress was better the next time around. This is precisely what Obama is talking about, but then again, you people favor fear and ignorance over all, don’t you………..
—–
OK, this is hilarious!
right4us commented:
What an outright liar and deceiver BO is. In one sentence he will say “my policies are not scocialism” – the next he will say – “business owners must spread the wealth around”.
If that is not an example of a devious deceiver, what is?
And, there are numerous other examples!!!
That our media (and most of our politicians) will not call him out on his outright deceit – is of grave concern to our republic.
bg commented:
++
kansas #19
re: Airon Later #16
“you people”
==
ohio commented:
8 Things 0bama said to the Chamber of Commerce
I’m here in the interest of being more neighborly. Maybe we would have gotten off on a better foot if I had brought over a fruitcake when we first moved in.
I understand the significance of your obligations to your shareholders. I get it. But as we work with you to make America a better place to do business, ask yourselves what you can do for America.
I want to put more people to work rebuilding crumbling roads and bridges.
To make room for these investments in education, innovation, and infrastructure, government also has a responsibility to cut the spending that we just can’t afford. That’s why I’ve promised to veto any bill larded up with earmarks
We’re trying to run the government more like you run your businesses – with better technology and faster services. In the coming months, my administration will develop a proposal to merge, consolidate, and reorganize the federal government in a way that best serves the goal of a more competitive America.
The perils of too much regulation are matched by the dangers of too little
If we’re fighting to reform the tax code and increase exports to help you compete, the benefits can’t just translate into greater profits and bonuses for those at the top. They should be shared by American workers.
We can create a virtuous cycle.
Dis information.
“If you tell a lie big enough and keep repeating it, people will eventually come to believe it. The lie can be maintained only for such time as the State can shield the people from the political, economic and/or military consequences of the lie. It thus becomes vitally important for the State to use all of its powers to repress dissent, for the truth is the mortal enemy of the lie, and thus by extension, the truth is the greatest enemy of the State.”
~ Joseph Goebbels
Militant Conservative commented:
#16 not good example. Bonus’ for individual performance is the key. Profit sharing rewards sloth as you don’t have to produce or excel to get your “share”.
Obama is achieving his goals. The destruction of a capitalist economy.
Powder is dry
Monkey Wrench commented:
While I agree with some of the comments, I think that the main problem is that Obama did not phrase his remark quite right. I believe his point is that, although the salaries of most high level management have grown significantly in the last decade or so, the same cannot be said of most employees. Since executives are also employees, this really doesn’t make sense. Another implication that he has mentioned before is that the US cannot be a strong country without a strong middle class.
No Man commented:
You (evil private sector fascists) are toast.
There is a book out, “The Global-Warming Deception: How a Secret Elite Plans to Bankrupt America and Steal Your Freedom” in [Paperback]; Grant R. Jeffrey (Author)
No man can wait until November 2012.
Espresso Logic - The 6th Sense commented:
What a freaking jackass.
Granny commented:
#30 February 7, 2011 at 1:12 pm
Monkey Wrench commented:
Another implication that he has mentioned before is that the US cannot be a strong country without a strong middle class.
And yet, he continues to take one action after another, put in place on regulation after another that pointedly shrinks the middle class.
Have you considered that “president” IWon WTF does indeed know that without a strong middle class , we are not a strong nation and is deliberately destroying that middle class in line with Marxist principles? He is, after all, the red diaper baby of a red diaper baby. Both of his parents and the grandparents who raised him were Communists. The destruction of the middle class (“bourgeoisie”) is a basic principle of Communist take over.
john commented:
Does this guy even know what an income statement is?
Stephen Morgan commented:
This @@shole has lost his mind. When is someone going to take the initative and shut him up. Impeachement and removal from office must be a dirty word…I really hate this idiot for what he is doing to America and the Repubs had better find a way to stop him and soon!!!
Fenway_Nation commented:
#34
I’m not even sure he knows what a long form birth certificate is….
////
dunce commented:
He would not have made this sucker play speech if he did not think he could fool some of the people. Conservatives know he is lying as usual and the left is incensed that he made a head fake because they do not know that he will never abandon he marxist road map.Taqiya today and forever,jihad against capitalism, now lets go play golf.
Finncrisp commented:
Barry, Barry, quite contrary, how does your socialism grow? With lies and deceit, while my minions cheat, that’s what I have in store. You’ll howl, just wait, when it’s all too late, and the country is dead to the core.
So let me keep spinning, so much more sinning, cause I must keep you from the door. If I can just keep you here, and take away all your fears, I can end your concerns with my charm.
So sit yourself down, let me make you my clown, cause I really don’t mean you no harm.
mercador commented:
A revolution is coming, I can feel it. This guy does not know the American people very well. The stuff he wants to do may work in other countries, but it will not fly here. We serve a great God and He will not let this fly. All it will take is If my people, which are called by my name, shall humble themselves, and pray, and seek my face, and turn from their wicked ways; then will I hear from heaven, and will forgive their sin, and will heal their land.
Harry Schell commented:
Profits are shared with employees through raises, bonuses, better equipment to to do the job…
Having been functionally bankrupt, I can tell you that a broke company can’t give raises, support nice benefits, invest in equipment to be more competitive and sometimes axes people, so those remain have to work harder.
Junior will never understand this, and his “pivot to the center” is just a head fake. He has never studied anything that informs him of a non-socialist world. He can’t got to the center, doesn’t know where it is and emotionally is unable. His claim that there is nothing socialist about ObamaCare he may actually believe, because he knows no other world and doesn’t like the connotation.
He is an ill man.
Alana commented:
Totally, Granny.
Greg commented:
The Do As I Say Not Do As I Do Democon Dictator with a growing list of Contempt Of Court actions certainly DID NOT share his profits from his books and paid speeches with the little people. I see also the Teleprompter In Chief is back on the job.
xqqme commented:
#30 February 7, 2011 at 1:12 pm
Monkey Wrench commented:
Another implication that he has mentioned before is that the US cannot be a strong country without a strong middle class.
And yet, Obama’s policies are all geared to the direct destruction of the middle class. Been to the grocery store lately? Those high (and getting higher) prices are a direct result of Obama’s fiscal policy. And yet the Fed says there is no inflation.
‘The way to crush the bourgeoisie is to grind them between the millstones of taxation and inflation.’
Vladimir Lenin
American Patriot commented:
So why is the US Chamber of Commerce sucking up to him?
Brian commented:
Didn’t his mamma teach him that stealing is wrong?
rbosque commented:
Without the profit motive, there is no economy. We will be reduced to an uncivilized nation of scavengers, thieves and starvation. Nit-wits like Obama continue to live in a fantasy world where everyone owes them a living. Take a close look at the sub-Saharan nations in Africa; if these idiots had there way we would be like them. This is America and socialism is NOT an American ideal.
Granny commented:
Now HERE is the laugh of the century -
What did they do, give them a loan for lifeboats?
Blue Collar Todd commented:
No, Obama is not a Socialist.
http://www.bluecollarphilosophy.com/2011/02/obama-says-there-is-nothing-socialist-about-obamacare-you-want-fries-with-that-whopper-mr-president-video.html
We have nothing to worry about.
Sandy commented:
Its called a payroll and benefits package. Obama want to force his way back in so he’ll say anything now.
Sandy commented:
Granny the worst mistake I ever made was working on the Hillary campaign.
toongoon commented:
Profits will go to the government and they will distribute to the workers. Do you think socialists want anybody else touching what they think is their money?
concreteblue commented:
Hey Ohio: Why were you quoting Fox News…er uh, Goebels?
concreteblue commented:
After reading the comments here, am I right to assume none of you calling Obama a “Socialist” drive on the interstate highways? Or are going to call the fire department when your house is on fire? How about snow removal? Any of you up north benefiting from that Government service? Socialism at work, my friends. If you would quit trying to tear down everything Our President says and start living in the real world, maybe we could start solving some REAL problems….
shbrfucv27rdx commented:
Is it okay for writers and musicians and actors to get paid royalties instead of the market rate for labor?
They get paid according to the value they create – that’s fair right?
Why shouldn’t factory workers be paid based on the value they create rather than the market rate for labor?
donh commented:
When a carpenter finishes your house, does he get to live in a room rent free? When you buy a soda , does the cashier get to drink a sip? The entitlement mind set enabled by bully politics has destroyed our manufacturing economy. A bakery fails if the paid workers eat too much cake .
MrGoodWench commented:
So why is the US Chamber of Commerce sucking up to him?
++++
Amnesty ?
Blacque Jacques Shellacque commented:
“Corporate Profits “Have To Be Shared By American Workers”
What a private company does with its profits is of no business to the government.
Marmo commented:
#54
“Why shouldn’t factory workers be paid based on the value they create rather than the market rate for labor?”
You mean in lieu of a set salary? So if the company lost money in a quarter, the employees owe the company money? That’s how you would like to get paid? I’m not sure how you could possibly set a household budget when you don’t know how much, or even if, you will get paid anything. But good luck with that. I hope it works out for you.
Edouard commented:
Socialists like Obama and his chattering hyper-idealistic mastermind fellow travelers are always fraught with angry anxiety over someone else’s profits and their “proper use”.
These insufferable nuisances spend as much time as possible philosophizing about the profits made by other people as well as wagging their under-worked fingers at profit-motivated producers, while never actually spending a second of their time or energy earning so much as a penny in profit.
Beef commented:
Obama is an idiot who doesn’t have the faintest idea of what he is talking about. This is what you get when you elect a community organizer as President.
indccc commented:
Um…#59, I think you pretty much made #54′s point for him.
Also, if a worker is going to share in the profits then it’s only fair that they share in the losses as well.
Arch commented:
Off topic, but if any of you have noticed a decrease in your pay this month, Obama has raised the amount of Federal Income Tax withholding. Although my pay has not changed, withholding on USAF retirement went up 29%. I guess Obama needs the cash flow since the ChiComs aren’t so crazy about our Bonds.
If you itemize and don’t want to give Obama an interest free loan, you can get an IRS Form W4 on line and adjust the number of allowances (exemptions). Fill out the W4 and give it to your employers accounting department. If you are a military retiree, fax the form to DFAS.
To avoid a penalty, the rule is you must withhold the larger of your 2010 liability or 90% of your 2011 tax bill with timing matched to your income. Considering the rate of Obama’s spending, don’t count on a tax refund. California issued IOUs and I wouldn’t put it past Obama to do the same. It’s better to owe them a couple of hundred bucks than to get stiffed.
decentAmerican commented:
So…left wing extremist and super crazy nut job Bill Maher says that the NFL is successful because it is socialist, with the weathier teams sharing wealth with the lesser teams. Billionaries sharing with Millionaries, that is a successful socialist model.
He favors socialism, so those without opportunity can benefit from those with opportunity.
So, Bill you crazy nutjob, I always wanted an HBO show. Somehow, you managed to manipulate HBO to pay you millions to do your stupid show. With your socialist ideals, that means that you will rally against HBO to give up some of your air time, as well as salary, to allow me to fulfill my dream of having an HBO show?
What say you, crazy Bill? What was that? “Socialism is good for thee, but not for me?”
StrangernFiction commented:
The beatings will continue until morale improves.
Obama Worshipping Imbecile commented:
The evil, racist capitalist system is being destroyed.
Surrender.
Resistance is futile.
Mo commented:
Hey BO- I know you don’t understand this concept since you have never owned stocks. Companies do share their profits with their workers by giving them a paycheck or sometimes healthcare and retirement benefits but more importantly they share their profits with the people who invest money in their companies by buying stock which allows the company to do r-e-s-e-a-r-c-h- and i-n-n-o-v-a-t-e and grow their company to hire more workers!!!!!!!
Espresso Logic - The 6th Sense commented:
#53 February 7, 2011 at 2:32 pm
concreteblue commented:
We let stupid people post here. I love diversity.
Jackass.
Midwestengr commented:
“Corporate Profits “Have To Be Shared By American Workers”
No, they don’t! They need to be shared with the investors, or whoever the business owners see fit to give it to.
Obummer is just trying to rally the folks that he is losing that were on TV saying how he was going to pay for their gas, their car, their mortgages, etc.
Rock commented:
@ #53
Just so there is no question, Obama is a Socialist, we know it, his far Left base knows it, as do many around the World. He hates America and looks to mold into some form of Socialist utopia, if that’s what you seek there are plenty of countries that offer such, so please move there and leave this Nation alone. Now go back and play in the sand box, I’m sure one of your friends will fill your bucket for you.
Militant Conservative commented:
#53 February 7, 2011 at 2:32 pm
concreteblue commented:
#67 February 7, 2011 at 4:00 pm
Obama Worshipping Imbecile commented:
The above posters are a shining example of Obama voters thinking.
Well, they think their thinking. Actually just spouting drivel.
Question my liberal posters….How did America become soooooo successful
in 230 years when other countries have been around for way longer????
one word answer…..FREEDOM.
powder is dry.
KR commented:
Barry makes a couple of million a year in profits from his books sales.
When is he going to start sharing? He certainly has more than most.
KR commented:
Barry needs to be consistent with his ideas. Now if he had auto union workers bailing out the companies when they were in the red…
steve commented:
Profit or as its called in the business world net income already takes into account payroll expenses or as BO calls it…the sharing with workers. I don’t think he knows what the capital structure of a corporation is. I really think this guy is that dumb!
Rock commented:
@ KR
Good point, and I might ask, is WTF’s aunt still living off the tax payers dime? Has he stepped up or is it Joe the plumber and the rest of us still feeding her?
KR commented:
Rock,
I believe Barry pulled some strings to let her stay in the US, and yes, we are paying her expenses.
We are also paying Barry a salary, think he’ll share with his staff?
Fionnagh commented:
#16 This is precisely what Obama is talking about…
Really? So you had a beer and a discussion with him and you know this to be true for a fact?
Jerry C commented:
#53 concreteblue-
Hey turd, listen up and pay attention. Government makes $0. Kapeesh? Government taxes those that earn in order to make $. Kapeesh? So, those interstate highways, fire stations, snow removal (?!), gov. jobs are paid for by those being taxed. Kapeesh?
So in answer to your stupid question, hard-working tax payers like myself pay for them, not government. Kapeesh? Get it through your thick turd skull, government doesn’t pay for squat. Turd.
Fionnagh commented:
@67 “The evil, racist capitalist system is being destroyed.
Surrender.
Resistance is futile.”
But I’m going to give you one giant effing run for your (my) money before giving up.
AuntieMadder commented:
Ben Affleck must be giddy with glee.
Gini commented:
#16 February 7, 2011 at 12:39 pm
Airon Later commented:
And what happens if the company loses money in a quarter? Do the employees chip in some money to make it all good?
Far better to buy shares and take the rough with the smooth.
John Stanford commented:
“Sharing profits with workers…” Isn’t that called “wages”?
gru57 commented:
To The Buckwheat ………… thank’s for the post ……………. very informative and decisive ……….. maybe we can take up a collection and get it printed full-page in some of the newspapers in the liberal bastions?
gru57 commented:
The Buckwheat #10
BS61 commented:
Granny – Hillary needs a new line, she stole Janet’s!
Scott commented:
Vladimir Lenin could not have said it better…Only the pseudo-intellectual Obama, a hack, would adopt the socialist communist ethos as his own. The fact that it was the most spectacular failure in the history of the world’s economic models does not deter this man…Lenin’s priniciples broke the backs of the Soviets, locked Cuba in a 1950s timewarp, starved the people of North Korea and wrought more human misery than is even imaginable in this land of plenty. Even Communist China has adopted Capitalism as a means of self preservation, lest it starve its 1.3 billion people. So foreign to the human spirit is communism that its implementation required totalitarian states that murdered tens of millions of their own people. Communism or socialism as it has come to be known is an unparalleled pox on the modern world. Just when we thought its days were numbered as Eastern Europe was released from the Iron grip of the Soviets and China adopted western policies the idiot Obama arrives on scene to try and reverse decades of economic progress…What a fool, an Orwellian dreg raised on a decayed catechism. A true bastard for our time.
Jack commented:
WTF is the Chamber of Commerce doing inviting him to speak? Doesn’t seem like to long ago the O was bad mouthing them at every turn. Of course the C of C is about as two-faced as you can get so I guess it’s not that strange.
bg commented:
++
Obama and *Socialism aka IslaMarxism
*please click on & follow connecting links, thanks..
Understanding Egypt: Islamic socialism and the left
more here..
==
kato commented:
The speech was an embarrassment. The blowhard lectured like a professor to a class of community-college freshman, betraying over and over again that he was the most ignorant person in the room.
Nothing more pathetic than watching a left-wing blowhard swaggering about, oblivious of the fact that he’s a second-rate intellect and an economic illiterate. Dennis Kucinich could have given this speech.
Platitude-spouting blowhard. That’s all he has ever been.
bg commented:
++
concreteblue #53
aah, there you go again..
1) Socialism, assigned or, or mandated by..
2) Capitalism, freedom to choose, and/or volunteer..
==
bg commented:
++
re: #95
assigned or, = assigned to,
==
HeyTheist commented:
Not sure where Obama said “shared equally” with the middle class…or redistribution of wealth, or taking your house away, or any of the socialist ideologies. All he said, and I quote:
“Of course, your responsibility goes beyond recognizing the need for certain standards and safeguards. If we’re fighting to reform the tax code and increase exports to help you compete, the benefits can’t just translate into greater profits and bonuses for those at the top. They should be shared by American workers, who need to know that expanding trade and opening markets will lift their standard of living as well as your bottom line. We cannot go back to the kind of economy – and culture – we saw in the years leading up to the recession, where growth and gains in productivity just didn’t translate into rising incomes and opportunity for the middle class.”
Ok, so corporate responsibility is dead? Workers shouldn’t benefit from higher corporate profits? Profits made from their blood and sweat? Unless you are an officer, board member, or politician, you are being screwed by them. If socialism is sharing in the success of your employer…then I’m a f***ing socialist! If you want to work harder so others can profit…then vote Republi-conartist.
HeyTheist commented:
It was a big mistake for Obama to speak at the CoC. By doing so, he legitimized the right-wing organization and gave it respect. The CoC should be exposed for what it is…just an illegal PAC for conservatives.
Edouard commented:
HeyTheist — It’s simple — although I know it isn’t simple for you: The employer determines the use of the profits if he/she is the one bearing the fiscal risks.
Those dirty profits that you just can’t wait to give away to the people not assuming a company’s business risks are actually needed for all KINDS of expenses that you are not even dreaming of in that ridiculous screed of yours. A veritable mountain of expenses that merely increases and increases, the more unneeded regulation is pushed by liberals onto the backs of America’s entrepreneurs.
I see what you’re doing there with your sly use of “corporate” as a pejorative adjective. Such use of the term is always a dead giveaway that the writer a leftist ass & parlor-room-intellectual — and typically a total ignoramus who fails to acknowleged how those dirty, filthy employers bear all the business risks nowadays — enabling the pure, saintly entitlement-coddled workers to be largely freed from said risks.
Andreas K. commented:
Cooperate profits have to be shared with workers…
That’s already happening. It’s called “salary”, it’s called “bonus”.
It shows again that Obama, and people like HeyTheist, have no idea about real life. I wonder how much folks like that have worked in their lives.
Scott commented:
So, Obama continues to preach the hackneyed leftist mantra that the “as the rich get richer, the poor get poorer.” More class warfare… But, shouldn’t we ask, who are the rich that earn such leftist disdain? Many are those who risked everything to start a business. Many are those who worked their way through college and went on to have a successful career in, fill in the blank. Many are those who spent a lifetime saving in order to have something for old age…The Obamas of the world do not recognize the hard work that produce many of our so-called “rich.” They merely choose to identify all as evil doers who have cheated someone in order to lift up themselves.
Airon Later commented:
Militant Conservative:
It’s a perfect example, as “profit sharing” is based on individual performance, your tenure with the company, as well and increases in performance increase your specific share. I know that you have an agenda to defend here, but you’re not helping anyone ( especially yourself ) by bending reality.