Why CEOs hate Obama

[ProfJohn]

Deification of deregulation, the Republican god.

Why did Barney Frank and the Democrats block regulations aimed at fixing Fannie and Freddie before the fell off the cliff??

 

[ProfJohn]

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%.

So jobs just create themselves??

When a bunch of people in a small town decide they want a pizza place it just pops into existence magically?

 

[umbrella39]

It should be even clearer to anyone paying attention that neither Obama nor Bush had a clue at all about creating jobs.

Fixed that up for you there lambchop.

Knowing that, who can create jobs? Palin? Hillary? Romney? Please...

 

[LunarRay]

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?

I figure it don't much matter what Obama knows about Economics but, rather, what his agenda is regarding the wealth distribution of our economic activities and the folks who do understand Economics and seek to further that agenda via the methodology designed to do so... do.

The upper levels of Corporate thinking have a few agenda... One is to make money and that agenda is best achieved by a more friendly to the already rich political group and that would be the Republicans...

I suspect that if the Corporate leaders saw a demand for their product starting to develop they'd quick like a bunny tool up to take advantage of that condition... Their Bankers look at this data too and would be secure in the lending aspect.... OPM are the corporate prayers... (other people's money) and they don't much care in which church they prey for it....

The mindset of most of the Corporate big wigs is that they want their bit first and IF the little wigs fail to do as planned then what does it matter to them... they already got theirs...

But, of course, each of us has an opinion... but one thing for sure... and that is: In the last 80 or so years when we've had economic stagnation or worse we've used a less than corporate favorable (Demand Side) remedy and it has worked... Why change?

 

[LunarRay]

So jobs just create themselves??

When a bunch of people in a small town decide they want a pizza place it just pops into existence magically?

IF the pizza place is simply an alternative to the McDonald's across the street I'd not think too much of it (all else being equal)... But, if more folks moved into town or if the ones who lived there had more money to spend or both you'd see Risk Capital at work...
The folks who can see that a Pizza place is demanded will put their capital at risk and produce the place... IF they've no capital to invest they'll borrow it... or bring in outside investment... but they'll make sure they are prepared to provide for the demand that makes them rich...

 

[Fear No Evil]

So jobs just create themselves??

When a bunch of people in a small town decide they want a pizza place it just pops into existence magically?

I'm not sure Obama knows who owns small businesses or how they get started. He's certainly never been involved with one. So indeed our President may think they just pop into existence magically.

 

[Zebo]

Business don't open unless there is demand. Problem is people are tapped in one way or another. Either offshored, unemployed or in debt, debt which has increased 50 fold since Reagan. Can't extend and pretend forever and today is day of reckoning and payment for stupid choices. There is no out other tan drastic socialism to include restructuring of debt, like the banks got, high paying domestic jobs by force of law called tariffs exactly how we built past Europe way back when, and progressive taxation. Anything else will fail.

 

[Throckmorton]

So jobs just create themselves??

When a bunch of people in a small town decide they want a pizza place it just pops into existence magically?

If there's a demand for a pizza place, and someone opens one and hires people to staff it, that's not creating jobs. That's hiring people because you profit from hiring them. The market created the job.

 

[Zebo]

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.

Is this some kind of joke? You into privatized tyranny of industrial serfdom, like China has? You know locked down in a company compound to worked 70 hrs a week with company security to bust you up if you get uppity and throw you out when you get unproductive? Labor gets 1% of what they produce while connected owners get 99%? Masochist.

I'd prefer to get at least 50% of proceeds of what I produce. Have company cook outs. BBQ on Saturday with baby backs ribs with my family and go fishing in the afternoon. You know live life.

Why would I be jealous? World is what we make it and "they" have nothing we don't give them.

Some will ask what do I mean.

Property is nothing more than a collection of legal rights. They are total mental abstractions we have decided on. The sovereign – i.e. the US government and thus us being a Republic. Are the ones who grant your “rights” and define, regulate and enforce your rights. The marketplace can not exist without this mythological legal infrastructure we create called a mixed economy. Change the nature of those property rights, contract rights etc and the very character of the marketplace changes.

Since we are a Republic "Deriving their just powers from the consent of the governed" as Thomas Jefferson would say we CAN modify, regulate or even abolish those contract rights, property rights, business, corporate rights. Can tax and spend money for “the general welfare” to do things like educate people, feed the hungry, build damns. Basically we we can do anything damn thing we want.


There are no natural laws we are gods on earth.

 

[jackace]

All I see in the OP is complaining and bitching about taxes. No real answers to the problem are given by these so called captains of industry.

Edit - the fact remains that we just don't have enough demand in our economy to spur job growth. That IMO is the problem. No amount of cutting taxes for the rich or corporate incentives is going to spur job growth when there is no demand for the goods/services those jobs would provide.

 

[brencat]

There is no out other tan drastic socialism to include restructuring of debt, like the banks got, high paying domestic jobs by force of law called tariffs exactly how we built past Europe way back when, and progressive taxation. Anything else will fail.

Right...let's punish those who lived within their means, saved for a rainy day, and limit consumer choice via tariffs. And tax the sh*t out of said same productive people. Well done, you fail. How about instead we stop the QE, let the bad debt deflate quickly and excesses be purged once and for all instead of 'extending and pretending' as you say, stop the destruction of our dollar, and tighten the belt.

See the thing about austerity no one talks about is that it can actually be positive for the market as the investment community starts to price in the fact that taxes will NOT have to be raised in the future to pay for our govt's massive spending binge if we make a committment to reducing spending in a serious way. But that would require our politicians and economic geniuses educated beyond their intelligence to reject Keynsian economics (which is total failure in my view), but there's a better chance of spotting the tooth fairy before that happens.

 

[her209]

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.

Err... what? Cheating on taxes means putting more wealth in the individual's pocket. Wealth going into an individual's pocket doesn't create jobs.