Was the private sector any better before Obama was elected?the private sector other than the 1% has not been better since 1980 and the election of Ronald Reagan
GM, GE, BAIN, APPLE, INTEL, NIKE, NINTENDO, SONY, FORD, CHRYSLER, MICROSOFT, BOEING, LOCKHEED MARTIN, EXXON MOBIL, CONOCO, SHELL, CHEVRON, BANK OF AMERICA, CITICORP, etc, etc, etc, in the “corporate world” and frankly “business” and boardrooms, you’re NOT feeling the pain on the street, and are doing fine.
Based on corporate profits and the stock market, the private sector IS doing fine. Based on employee pay and benefits, not so much; which nicely disproves the Republican lie that the rich are “job creators.” If giving tax cuts to the rich helped gain jobs, unemployment would be zero by now.
“Many sectors are gripping to the cash reserves they have because they don’t know what expenses are coming down the road in the form of new health care requirements, regulatory hurdles, tax requirements… these are just a few of the reasons businesses are afraid to expand.”They are hiring…. IN CHINA.
Wraithkin: by your first statement, “profits ! = hiring”, we should have the LOWEST UNEMPLOYMENT in history, because corporate profits are the highest! If you’re going to make it simple, keep it simple.
About 80% of wealth producing jobs, as opposed to the wealth consuming government jobs, are created by small capitalist businesses – the real private sector. And therein lays the problem. The 0bama’s war on capitalism is bearing fruit – Atlas Shrugged . . . . in real time..Interestingly, the Left likes to trot out large corporations as doing well . . . . and they are, as they have learned how to thrive and profit from Big Government, but even they are not expanding much – trillions of $$ are parked outside of the US, because of the crazy high US corporate taxes, and most of the others are rather buying back their stock than to expand – creating additional wealth producing jobs..Stalin had the best economic performance of all – 0 unemployment. Indeed, under his rule it was illegal to not have a job.
^cjr53: me to! They’ve been talking about doing just that, quite recently. Part of the problem now is that they’ll have to build some considerable infrastructure here before they can do it. (It isn’t just the “wages” now.)
joe vignone almost 12 years ago
Corporate profits are the highest ever! Aren’t they the private sector, too?
garysr87 almost 12 years ago
Was the private sector any better before Obama was elected?the private sector other than the 1% has not been better since 1980 and the election of Ronald Reagan
Dtroutma almost 12 years ago
GM, GE, BAIN, APPLE, INTEL, NIKE, NINTENDO, SONY, FORD, CHRYSLER, MICROSOFT, BOEING, LOCKHEED MARTIN, EXXON MOBIL, CONOCO, SHELL, CHEVRON, BANK OF AMERICA, CITICORP, etc, etc, etc, in the “corporate world” and frankly “business” and boardrooms, you’re NOT feeling the pain on the street, and are doing fine.
braindead Premium Member almost 12 years ago
‘Corporations are people, my friend.’
ARodney almost 12 years ago
Based on corporate profits and the stock market, the private sector IS doing fine. Based on employee pay and benefits, not so much; which nicely disproves the Republican lie that the rich are “job creators.” If giving tax cuts to the rich helped gain jobs, unemployment would be zero by now.
lonecat almost 12 years ago
SkepticCal is not qualified to comment.
Jason Allen almost 12 years ago
“Many sectors are gripping to the cash reserves they have because they don’t know what expenses are coming down the road in the form of new health care requirements, regulatory hurdles, tax requirements… these are just a few of the reasons businesses are afraid to expand.”They are hiring…. IN CHINA.
Fuzzy Thinker Premium Member almost 12 years ago
“He has staff, campaign employees. His reelection employs a lot of people.” Too True. BO would like more people to be employed. He is 3 Years Late.
Dtroutma almost 12 years ago
Wraithkin: by your first statement, “profits ! = hiring”, we should have the LOWEST UNEMPLOYMENT in history, because corporate profits are the highest! If you’re going to make it simple, keep it simple.
petergrt almost 12 years ago
About 80% of wealth producing jobs, as opposed to the wealth consuming government jobs, are created by small capitalist businesses – the real private sector. And therein lays the problem. The 0bama’s war on capitalism is bearing fruit – Atlas Shrugged . . . . in real time..Interestingly, the Left likes to trot out large corporations as doing well . . . . and they are, as they have learned how to thrive and profit from Big Government, but even they are not expanding much – trillions of $$ are parked outside of the US, because of the crazy high US corporate taxes, and most of the others are rather buying back their stock than to expand – creating additional wealth producing jobs..Stalin had the best economic performance of all – 0 unemployment. Indeed, under his rule it was illegal to not have a job.
Nebulous Premium Member almost 12 years ago
Maybe small business owners should form Unions, so that they can collectively buy a Congresscritter.
Dtroutma almost 12 years ago
TIGGER!!!!!!!!!! FOR THE LAST TIME, HE COULDN’T HAVE SUSTAINED A VETO! Yes, I agree he should have DONE IT anyway, but it would not have held!!
Dtroutma almost 12 years ago
^cjr53: me to! They’ve been talking about doing just that, quite recently. Part of the problem now is that they’ll have to build some considerable infrastructure here before they can do it. (It isn’t just the “wages” now.)