Why CEOs hate Obama

[Zebo]

It's funny to watch economic mythology in this threads. Failing to realize world, salaries, income, jobs, protections, monopolies etc is what we create nothing more nothing less.

 

[spidey07]

Statements like this make it really clear to me that you conservatives have a fundamental misunderstanding of capitalism. Capitalism isn't charity. An employer doesn't "create a job". Demand for the product or service produced by a job is what creates a job.

The tax rate that an employer pays on an employee's salary is 0%.

Negative. They match social security tax and also UI.

 

[CADsortaGUY]

Statements like this make it really clear to me that you conservatives have a fundamental misunderstanding of capitalism. Capitalism isn't charity. An employer doesn't "create a job". Demand for the product or service produced by a job is what creates a job.

The tax rate that an employer pays on an employee's salary is 0%.

lol. As if we didn't already know you were clueless.

 

[Throckmorton]

Negative. They match social security tax and also UI.

My bad, I forgot about Social Security and Medicare. BTW, don't Republicans oppose a SS and Medicare tax holiday?

Unemployment insurance isn't a tax, it's state insurance.

My point stands. A salary isn't "profit" that gets taxed, so you guys need to stop pretending it is and saying "you're taxing people who 'create jobs' wahhhh".

 

[shira]

I like how everyone is attacking spidy and ignoring what the CEOs themselves are saying.

It should be clear to anyone paying attention that Obama and his team have no clue at all about creating jobs.

Obama and the Democrats push through all these mandates and regulations that hurt businesses and then they sit back and scratch their heads in confusing when the businesses stop hiring.

The CEOs are self-serving lunatics. There's been lots of analysis by economists as to why this recovery has been jobless, and it has almost nothing to do with the "business environment"; it's basically companies sitting on huge and growing profits. Companies can obtain loans ridiculously cheaply if they want them. But they don't want them. They want to continue this trend of increasing productivity, reducing work force, and offshoring where they can.

 

[spidey07]

The CEOs are self-serving lunatics. There's been lots of analysis by economists as to why this recovery has been jobless, and it has almost nothing to do with the "business environment"; it's basically companies sitting on huge and growing profits. Companies can obtain loans ridiculously cheaply if they want them. But they don't want them. They want to continue this trend of increasing productivity, reducing work force, and offshoring where they can.

Wow. That's so far off the mark I don't even know where to begin. But here's the start, they're sitting on the money because of Obama, that's what the article is about. Not to mention lack of customers because people aren't spending money.

 

[dank69]

Well, that's exactly my point, rather than asking the CEO's to shed money, he should be working towards preventing them from outsourcing, tax outsourced jobs, define a limit, stop import. If he does all that and then the CEO's are pissed off then I will be all for him, right now all he wants to do is to get them to pay up in terms of personal income taxes and does not make sense

While I agree with you that that is exactly what needs to be done, it would be political suicide. Implementing all that would mean no more jumbo 36 roll packs of toilet paper for $7. People would be wiping their ass with the equivalent of dollar bills. Cost of living would skyrocket, especially for the poor/middle class who depend on cheap imported shit paper.

 

[IronWing]

Wow. That's so far off the mark I don't even know where to begin. But here's the start, they're sitting on the money because of Obama, that's what the article is about. Not to mention lack of customers because people aren't spending money.

People aren't spending money because they don't have any. Years of wage stagnation due to offshoring and executive/shareholder greed have hammered the middle class. The Feds and Treasury have pumped trillions into the economy and the fatcats are sitting on it. Time to tax the shit out of them if only to get that money moving again.

 

[Generator]

So hating Obama now before any taxes have gone up is going to lead to more Bush tax cuts? Do the rich want to piss Obama off and have him just sit on his hands? Like a Republican?

Obama has got the leverage here. He doesn't have to do a damn thing, these CEO's better come to the white house and get on their knees. Maybe they should also learn to run a business without the government socializing/subsidizing pretty much the whole business but handing out bonuses and keeping profits.

 

[GuitarDaddy]

It should be clear to anyone paying attention that Obama and his team have no clue at all about creating jobs in China .

Fixed for ya!

After all thats what your corporate heros are good at. And just try and claim that you beloved heros have created US jobs in the last decade. :whiste:

 

[IndyColtsFan]

I love reading the loony left and right who are CONVINCED the president (Clinton, Bush, Obama, ad nauseum) are hell bent on DESTROYING AMERICA. They ran for office secretly hoping they win so they can bring about the end of Western Civilization.

MUHAHAHAHAHAHAHAHA!!! They elected me? YOU FOOLS!!!!

Just wait -- anyone want to take bets on how many of the wingnuts on the right will start posting conspiracy posts in early 2012 about how Obama will create a crisis so he can suspend elections and keep the presidency? After all, the looney left said Bush would do it so I'm sure the right wingbats will too. Both fringes are always good for a great laugh, I'll give them that.

 

[Moonbeam]

Can you be more specific or am I to assume that you're incapable of doing so?

Oh gosh, I'd hoped you'd find out for yourself. I'm kind of busy right now though because I've some horses I need to lead to water and I'm expecting to have to teach them how to drink. My strategy, a lengthy one requiring patience and love, will be to wait until they want to.

 

[JeffreyLebowski]

Fixed that for you.

So tell us. What has Obama and his cabinet of people that have never worked in the private sector done to help create private sector jobs?
Idiots like Obama and his supporters think creating more government jobs is the answer, but they are to f'ing stupid to realize that you can't have everyone work for the government and bring in enough taxes to support all of those people. The math just doesn't work.

CEO's outsourced jobs simply put because of liberal policies and groups (unions) put into place that made it to expensive to employ Americans.

You can always spot the jealous type because they blame rich business people for all the woes of the world, but can never admit that their annointed leader is a colossal screw up and can't manage a lemonade stand, much less a nation.

 

[IronWing]

CEO's outsourced jobs simply put because of liberal policies and groups (unions) put into place that made it to expensive to employ Americans.

Would you want to live in a country that could compete with China on labor costs? Protectionism built the American middle class and free trade (not really free trade but free movement of capital) has torn it apart.

 

[LunarRay]

Oh gosh, I'd hoped you'd find out for yourself. I'm kind of busy right now though because I've some horses I need to lead to water and I'm expecting to have to teach them how to drink. My strategy, a lengthy one requiring patience and love, will be to wait until they want to.

I don't know if you'll have a dead bunch of horses or not... I figure that "you can lead a horse to water but a pencil must be lead"...
Drink up Moonster, show em horsi that water is good...

 

[DesiPower]

While I agree with you that that is exactly what needs to be done, it would be political suicide. Implementing all that would mean no more jumbo 36 roll packs of toilet paper for $7. People would be wiping their ass with the equivalent of dollar bills. Cost of living would skyrocket, especially for the poor/middle class who depend on cheap imported shit paper.

What happened to hope and change

 

[brencat]

Why is it a red tape nightmare? Businesses don't meticulously keep track of their expenses? The only difference now is that businesses can't cheat by under reporting their income.

Let's assume you're right and in fact they did this to reduce "cheating" or underreporting income / overreporting expenses to reduce taxable income.

At the end of the day, the only thing that matters is jobs for this economy. So...will this policy result in more jobs created? More wealth in individuals pockets? Rhetorical questions of course, but the answer is 'Fvck No!' to both.

 

[IronWing]

What happened to hope and change

Re-instituting tariffs would be a hard sell as a generation of Americans has been indoctrinated with the idea that things would simply cost more. Things would cost more. However the part that free traders leave out is that people would also earn more producing these now more expensive goods and the money would circulate locally instead of being constantly drained overseas.

You won't see Obama pushing for tariffs though. He's a moderate conservative, not a liberal. If we want to see government policies that would encourage jobs to come back to America and the rebuilding of America's industrial infrastructure we would have to elect Kucinich and a couple hundred like him.

 

[Moonbeam]

I don't know if you'll have a dead bunch of horses or not... I figure that "you can lead a horse to water but a pencil must be lead"...
Drink up Moonster, show em horsi that water is good...

I thing the question at hand was why the banking failure and while I would guess many reasons can be advanced central would be banking deregulation, the Republican god disease. As my knowledge has been imputed to be lacking, could I ask the opinion of a kind person like yourself who has never refused me water?

 

[Paul98]

Shouldn't the people these companies employ make/save the company money? If they are costing you money why would you employ them?

 

[brencat]

these CEO's better come to the white house and get on their knees. Maybe they should also learn to run a business without the government socializing/subsidizing pretty much the whole business but handing out bonuses and keeping profits.

No one asked for a bailout. I certainly was dead opposed to any bailout. The politicians and geniuses educated beyond their intelligence decided the banking sector needed to be bailed out to save our society. Which is complete and utter bvllshit! There should be no such thing as an industry too big to fail. Let the free market work for fvck sake. Why are we so sure things would have been far worse had we not bailed everyone out?... Seriously, are things better now? We have more bad debt than ever, no jobs, people living in quiet desperation. All we've done is postponed the day of reckoning. The end result of excess is ALWAYS deflation and depression...and it's coming, no matter what we try. It's still going to happen.

 

[CitizenKain]

CEO's outsourced jobs simply put because of liberal policies and groups (unions) put into place that made it to expensive to employ Americans.

No, they outsourced jobs because people in foreign countries will work for a lot less then someone here can.

 

[Darwin333]

Obama going after companies that offshore jobs. Sounds good to me. Its funny to see companies that offshore jobs rely on companies that keep jobs here to continue employing Americans to buy their Made-in-China, supported-by-India products to remain profitable.

Why in the hell would someone "go after" someone for doing something that their organization (that would be the US government) encourages?

Why not simply stop encouraging it by pushing for new tariffs?

 

[Darwin333]

No one asked for a bailout. I certainly was dead opposed to any bailout. The politicians and geniuses educated beyond their intelligence decided the banking sector needed to be bailed out to save our society. Which is complete and utter bvllshit! There should be no such thing as an industry too big to fail. Let the free market work for fvck sake. Why are we so sure things would have been far worse had we not bailed everyone out?... Seriously, are things better now? We have more bad debt than ever, no jobs, people living in quiet desperation. All we've done is postponed the day of reckoning. The end result of excess is ALWAYS deflation and depression...and it's coming, no matter what we try. It's still going to happen.

Hell yes things are better you fool. The banksters are doing quite well thank you very much.

 

[Lanyap]

Economy and jobs overall grew during the Clinton era...

Unemployment graph.
http://www.google.com/publicdata?ds...ent_rate&tdim=true&dl=en&hl=en&q=unemployment