Thread: Obama: Corporate Profits "Have To Be Shared By American Workers"

Originally Posted by CSA

Hrmmm....

So umm hrmm WTF? Does that mean that American Workers who risk their money on stocks nad make a profit should share with teh corporation??

RealClearPolitics - Video - Obama: Corporate Profits "Have To Be Shared By American Workers"

"If we're fighting to reform the tax code and increase exports, the benefits cannot just translate into greater profits and bonuses for those at the top. They have to be shared by American workers, who need to know that opening markets will lift their standard of living as well as your bottom line," President Obama told the Chamber of Commerce on Monday morning.

He is just trying (unscuccessfully I may add) to get the trickle part of trickle down theory to kick in. When a company profits, it is because of their workers and those profits needs to be shared with those workers. Not in massive quantities mind you, but at least enough of a raise to keep up with the cost of living and inflation and, if the performance is exemplary, then a little extra as a bonus for those who deserve it.

Right now, it is all staying at the top and we are getting top heavy as a nation.

Somehow, Obama's gotten the belief that American businesses exist to serve the American public. That's just not true. American businesses exist to make money and, presumably, to stay in business. American businesses do not exist so that the profits of American businesses can be "shared" with anyone.

Once again, Obama proves just how big a dipshit he really is.

And those on the left will come here and defend the Dipshit In Chief, because they're fully in the "something for nothing" corner...

Originally Posted by TomBlaze

He is just trying (unscuccessfully I may add) to get the trickle part of trickle down theory to kick in. When a company profits, it is because of their workers and those profits needs to be shared with those workers. Not in massive quantities mind you, but at least enough of a raise to keep up with the cost of living and inflation and, if the performance is exemplary, then a little extra as a bonus for those who deserve it.

Right now, it is all staying at the top and we are getting top heavy as a nation.

Raising someone up to a wage that exceeds their actual marketable skill level is a mistake.

Originally Posted by CSA

Hrmmm....

So umm hrmm WTF? Does that mean that American Workers who risk their money on stocks nad make a profit should share with teh corporation??

RealClearPolitics - Video - Obama: Corporate Profits "Have To Be Shared By American Workers"

"If we're fighting to reform the tax code and increase exports, the benefits cannot just translate into greater profits and bonuses for those at the top. They have to be shared by American workers, who need to know that opening markets will lift their standard of living as well as your bottom line," President Obama told the Chamber of Commerce on Monday morning.

What a bunch of BS, these companies he's speaking of are held by shareholders which is the American people as investors and held in people's 401K's and other pension plans. So he wants these companies to not make money for the shareholders but to share it with the workers. Marxism. I sure can't wait to get rid of this A** h***.

One more thing Obama, how is a company going to increase it's bottom line by giving it's profit away to it workers? The company is there to make money for it's shareholders.

Originally Posted by CSA

Hrmmm....

So umm hrmm WTF? Does that mean that American Workers who risk their money on stocks nad make a profit should share with teh corporation??

RealClearPolitics - Video - Obama: Corporate Profits "Have To Be Shared By American Workers"

"If we're fighting to reform the tax code and increase exports, the benefits cannot just translate into greater profits and bonuses for those at the top. They have to be shared by American workers, who need to know that opening markets will lift their standard of living as well as your bottom line," President Obama told the Chamber of Commerce on Monday morning.

What exactly is the problem with the part I highlighted in your post? It's not 'trickle down', it's simply everyone sharing in the profit from a company, instead of only the upper management and preferred stock holders.

How you twist, spin and mangle it to make your first sentence is truly a distortion that only seem possible from the far-right wing-nuts.

Originally Posted by ConLib

What exactly is the problem with the part I highlighted in your post? It's not 'trickle down', it's simply everyone sharing in the profit from a company, instead of only the upper management and preferred stock holders.

How you twist, spin and mangle it to make your first sentence is truly a distortion that only seem possible from the far-right wing-nuts.

Not all companies have "stock holders". The company I work for, despite being a $70 million company, is solely owned by two people. They're very good to the people who work for them, but they don't have to be.

If what you're saying is what Obama meant, then he probably should've phrased it better. The way it reads, Sally, the "American worker" who's working down at the local mom & Pop diner, should get profits which are realized by large corporations...

Originally Posted by ConLib

What exactly is the problem with the part I highlighted in your post? It's not 'trickle down', it's simply everyone sharing in the profit from a company, instead of only the upper management and preferred stock holders.

How you twist, spin and mangle it to make your first sentence is truly a distortion that only seem possible from the far-right wing-nuts.

You have people that own companies and those range from individual owners to shareholders, general and limited partners etc etc. Then you have workers, a worker if not satisfied with the pay he/she receives at work, they have in this country, the opportunity to start their own business and do as they please.

What a person that works for the government should share in the tax revenue it takes in, just because they work for the government. Yeah every government worker gets a percentage of all the tax revenue, in good years they get more or vise versa. What BS

There are huge risk in starting and owning a business and once a business has been established Obama wants companies to share the profits with the workers. That's BS, the companies are going to share the profit with the owners.

Originally Posted by Forplay

You have people that own companies and those range from individual owners to shareholders, general and limited partners etc etc. Then you have workers, a worker if not satisfied with the pay he/she receives at work, they have in this country, the opportunity to start their own business and do as they please.

What a person that works for the government should share in the tax revenue it takes in, just because they work for the government. Yeah every government worker gets a percentage of all the tax revenue, in good years they get more or vise versa. What BS

There are huge risk in starting and owning a business and once a business has been established Obama wants companies to share the profits with the workers. That's BS, the companies are going to share the profit with the owners.

But that means sacrifice, financial risk, and hard work.............get real, willya? They want the money, but not with all that nasty crap.

Most shareholders don't really think the excessive amounts the executives get paid are reasonable, but there's not really much you can do about it. There's very few companies you can buy stock in where the executives aren't overpaid, so if you want to hold the moral ground on the issue, you wind up not investing in the market at all. I would have no problem with Obama addressing the good 'ol boy system of how the boards of directors and executives get compensated for publicly held companies. Private companies of course should be free to pay their executives whatever they want.

Originally Posted by Disillusioned_1

Most shareholders don't really think the excessive amounts the executives get paid are reasonable, but there's not really much you can do about it. There's very few companies you can buy stock in where the executives aren't overpaid, so if you want to hold the moral ground on the issue, you wind up not investing in the market at all. I would have no problem with Obama addressing the good 'ol boy system of how the boards of directors and executives get compensated for publicly held companies. Private companies of course should be free to pay their executives whatever they want.

If you had a half mil, and banks paid 5% of what a well run corp was making you on your money, would you really give a shit if the CEO made 35 mil a year? I wouldn't. Then again I won't join the NRA because they pay thier CEO too much or give to the United Way beacuse they eat it up at the admin level.

Wages go up through competition for workers, not the goodwill of the company. This just reveals how naive and juvenile this president's thinking is.

So basically, Obama says something that is common sense to most of the First World, and it's a controversy in America.

American workers are nothing but a negative number on the bottom line, the vast majority overpaid and underworked whiners. With any luck, we will be able to continue outsourcing jobs. Education levels are rising everywhere, the next step is to shed the overpaid professionals. I know of plenty of IT, engineering, and other professional types that would kill for the opportunity to work for $15k/year.