It looks like you're using an Ad Blocker.

Please white-list or disable AboveTopSecret.com in your ad-blocking tool.

Thank you.

 

Some features of ATS will be disabled while you continue to use an ad-blocker.

 

Corporate profits under Obama have gone up

page: 1
4

log in

join
share:

posted on Feb, 20 2013 @ 04:13 PM
link   
This is almost laughable if there wasn't so many people headed to the poor house. People love Obama while he redistributes wealth to the wealthy.

I was just debating a friend who complained about Corporate Profits. He loves Obama so he was blinded to the graph that he was showing me. I asked, do you see the problem here? Under Obama, Corporate profits have skyrocketed and income of the middle class has tumbled. He then said,"Well Bush..." and I ended the conversation with this.

Here's a graph I showed him.




In the third quarter, corporate earnings were $1.75 trillion, up 18.6% from a year ago, according to last week'si gross domestic product report. That took after-tax profits to their greatest percentage of GDP in history.

But the record profits come at the same time that workers' wages have fallen to their lowest-ever share of GDP.

A separate government reading shows that total wages have now fallen to a record low of 43.5% of GDP. Until 1975, wages almost always accounted for at least half of GDP, and had been as high as 49% as recently as early 2001.


money.cnn.com...

I asked him why is he so gullible? Obama is a Chicago Politician and he doesn't walk on water. The rich are getting richer while the poor and the middle class get another Govt. program.

Part of the reason is companies with higher labor cost has moved their companies off shore. This is just common sense in a Global Economy and Bill Clinton and the Democrats as well as Republicans that pushed for Free Trade should have put in place safeguards to manage this better.

I'm all for free trade and globalization of the economy but this means Govt. needed to be slashed. I do believe this is why Clinton said the era of Big Government is over. This is because our manufacturing will be hit because of cheap labor so you have to depend more on consumption to drive the economy until you start finding industries to replace the jobs that left.

This means small Govt. and Americans can borrow and spend as far as the eye can see but the Govt. can't waste and spend as far as the eye can see and that's exactly what has happened under Bush and especially Obama.

Under Obama the Fed is flooding multi-nationals with cheap dollars and they're taking those cheap dollars and investing them overseas in emerging markets. Even "greedy" Mitt Romney was against the Fed printing all of these cheap dollars but Obama is the one and people love him.

This will cause things like gas prices to go up and people's money will not go as far as it used to.

My cousin came over the other day and complained that her paycheck didn't go as far as it used to. Then Obama came on the TV and she got excited and asked me to turn the TV up because she loves Obama. SAD, JUST SAD![
edit on 20-2-2013 by neoholographic because: (no reason given)




posted on Feb, 20 2013 @ 04:19 PM
link   
S&F OP. Nothing to add really except " unsustainable" His blind supporters will never wake up given that the media is brainwashing America. When they starve to death their last words will be " long live Obama"



posted on Feb, 20 2013 @ 04:26 PM
link   
"Democracy," said H.L. Mencken, "is the theory that the common people know what they want and deserve to get it good and hard."

I hope everyone who voted for him gets exactly what they deserve.



posted on Feb, 20 2013 @ 04:38 PM
link   
reply to post by neoholographic
 


If the graphic you showed didn't sway your friend, well then I doubt any thing can.
It does blow my mind how those that are supporters of Obama can not see that what he says and what is actually happening to our economy/country are 2 different things .......sad really.



posted on Feb, 20 2013 @ 04:38 PM
link   
Meanwhile, we are fast approaching a national gasoline price of $4/gallon well before driving season and the more expensive blends kick in. Beef and poultry prices are skyrocketing, milk is up, cereal boxes are shrinking while the prices go up, Coffee prices are way up etc etc... Our paychecks are smaller and the unknowns of Obamacare costs are right around the corner which will result in reduced hours and workers getting dropped from coverage....Obama's response... Raise the minimum wage (to increase his tax revenue) ha ha ha That raise in minimum wage wont cover !@#$ when its all said and done. People will choose between filling up their cars or putting food on the table.



posted on Feb, 20 2013 @ 04:51 PM
link   
reply to post by jibeho
 


Good points.

Like Jim Cramer said, it's like the Great Gatsby era on Wall Street. There's nothing wrong with them making as much money as they can but they're doing it partly on our dime under Obama. This is a huge transfer of wealth. They print up cheap dollars and give them to multi-nationals who invest in emerging markets overseas instead of America.

This is what they do though and this is why they're multi-nationals. So the Government shouldn't be flooding them with cheap dollars. You give that money to state run banks and credit unions with the stipulation that 85-90% of it goes to the American people in the form of private, business, mortgage loans and more. This creates demand in the economy which in turn causes companies to increase supply.

You don't increase supply like Obama and Solyndra where there isn't any demand.

So there's a huge transfer of wealth under Obama and it's the poor and the middle class who suffer as the Fed floods the "evil rich" with cheap dollars and Obama screams for more Govt.



posted on Feb, 20 2013 @ 04:55 PM
link   
I am no Obama supporter (nor a Ron Paul or Mittens Romney supporter either) BUT, in all "fairness" do you think it would have been any different if Mittins had won? Would you expect to see Corporate profits lower and more jobs?

Truth is, whoever won- Things would be pretty much as they are. If a real third party candidate had won, it would have been fixed anyhow.

-That said, you are correct. Some Obama (and Bush, Paul, Romney) supporters are blind when 'their guy" proves to be as much of a sellout as :"the other guy".



posted on Feb, 20 2013 @ 05:05 PM
link   

Originally posted by Carreau
"Democracy," said H.L. Mencken, "is the theory that the common people know what they want and deserve to get it good and hard."

I hope everyone who voted for him gets exactly what they deserve.


So in other words, you hope that most of them get the exact same as you?

You don't necessarily "deserve" more or less than anyone else based on what politician you vote for. Obama, Romney, it wouldn't matter, it would be the same except that "maybe" Romney would have supported the ultra wealthy just a little more than Obama, assuming such a thing is possible. Most Americans vote for whomever their preferred "news" tells them to anyway. I wouldn't be so arrogant as to say that they "deserve" to suffer because they happen to be easily manipulated. What I would say that they "deserve" is "leaders" who lead rather than do as the rich demand them and "news" that is both honest and unbiased. It's just too bad that we'll never get either because over 97% of people on the "right" and over 97% of people on the "left" are all a sad bunch of brainwashed morons that are led to believe that petty crap is more important than real economic issues.

Fact is that many people who voted for Obama only did so because they thought they were picking the "lesser of the two evils" and realized that voting for a third party is pointless. I suppose many of them felt that if they voted for Gary or Jill then Romney would have a slightly better chance and after experiencing what George did to us they certainly didn't want another one of those running the place, Obama is bad enough after all.

Even though while I don't really believe that there's much of a difference between the two, something just gave me the feeling that Romney is even less trustworthy than Obama... It's probably the whole being "rich" thing. BUT that didn't stop me from voting for Gary ( even though I disagreed on his stance on the big businesses too ) and convincing my wife to also vote for someone who would probably much better than Obama.



posted on Feb, 20 2013 @ 05:12 PM
link   

Originally posted by jibeho
Meanwhile, we are fast approaching a national gasoline price of $4/gallon well before driving season and the more expensive blends kick in. Beef and poultry prices are skyrocketing, milk is up, cereal boxes are shrinking while the prices go up, Coffee prices are way up etc etc... Our paychecks are smaller and the unknowns of Obamacare costs are right around the corner which will result in reduced hours and workers getting dropped from coverage....Obama's response... Raise the minimum wage (to increase his tax revenue) ha ha ha That raise in minimum wage wont cover !@#$ when its all said and done. People will choose between filling up their cars or putting food on the table.


but what obama and his ilk know is that by raising the minimum wage a lot of the working poor will start making just a little bit over the cut off range for receiving government handouts like food stamps and other freebies. The government will save money at the expense of small business, the working poor, people who will lose work hours and benefits and people who will lose their jobs.
but as long as corporations continue to make record profits and pay the lowest taxes in 50 years, it`s all good.



posted on Feb, 20 2013 @ 05:13 PM
link   

Originally posted by Anundeniabletruth

Originally posted by Carreau
"Democracy," said H.L. Mencken, "is the theory that the common people know what they want and deserve to get it good and hard."

I hope everyone who voted for him gets exactly what they deserve.


So in other words, you hope that most of them get the exact same as you?

You don't necessarily "deserve" more or less than anyone else based on what politician you vote for. Obama, Romney, it wouldn't matter, it would be the same except that "maybe" Romney would have supported the ultra wealthy just a little more than Obama, assuming such a thing is possible. Most Americans vote for whomever their preferred "news" tells them to anyway. I wouldn't be so arrogant as to say that they "deserve" to suffer because they happen to be easily manipulated. What I would say that they "deserve" is "leaders" who lead rather than do as the rich demand them and "news" that is both honest and unbiased. It's just too bad that we'll never get either because over 97% of people on the "right" and over 97% of people on the "left" are all a sad bunch of brainwashed morons that are led to believe that petty crap is more important than real economic issues.

Fact is that many people who voted for Obama only did so because they thought they were picking the "lesser of the two evils" and realized that voting for a third party is pointless. I suppose many of them felt that if they voted for Gary or Jill then Romney would have a slightly better chance and after experiencing what George did to us they certainly didn't want another one of those running the place, Obama is bad enough after all.

Even though while I don't really believe that there's much of a difference between the two, something just gave me the feeling that Romney is even less trustworthy than Obama... It's probably the whole being "rich" thing. BUT that didn't stop me from voting for Gary ( even though I disagreed on his stance on the big businesses too ) and convincing my wife to also vote for someone who would probably much better than Obama.


You stated "Even though while I don't really believe that there's much of a difference between the two, something just gave me the feeling that Romney is even less trustworthy than Obama..." and I fully agree.

I threw my vote away and voted straight Libertarian knowing full well my vote was wasted- Had I thought Romney had a chance, I PROBABLY would have voted Obama just to try and stop him (although again, I cannot stand Obama and his politics-) It would have been a "lesser of two evils" vote.

And I was totally suckered in. I campaigned for Bill Clinton when I was 17 years old and couldn't even vote. I was very political and "informed" for my age and was completely behind Clinton and rallied votes for the guy... I didnt deserve nafta, Cafta , etc, etc... And in fact, this was supported by both parties and the media with only the crazy old Ross perot getting it right (and I thought he was a total loon)

-Most people trust the media for better or worse- probably less now than in the early 1990s but still- They buy into the "free press" and think "reporters" are the watch dog of the people and not the "lap dog" of TPTB.

Nope- We are screwed no matter who gets in because to even get to the point of being considered- You are compromised, owned and somebody bitch.



posted on Feb, 20 2013 @ 05:33 PM
link   
Yes, I don't understand why Obama is so resistant to wall street regulations, corporate tax rate hikes, etc....Him and the dems always trying to filibuster reigning in wall street...

(if you think this is a serious post, then you clearly haven't been paying attention)



posted on Feb, 20 2013 @ 05:33 PM
link   
Obama is a perfect example of American stupidity. Actually, this ridiculous sticking to a two party system that are shades of grey apart from each other is what epitomizes American stupidity as shown in the last election when the people were convinced that a Capitalist on Ass steroids and a Capitalist on Elephant steroids were our only two choices and chose the person who wouldn't give as much money to the top 1% and might slap them on the wrist with a 2% tax increase to help pay off the debt they created.

What does that say about a nation that consists of half the population thinking these policies will save us, that such small measures are worthy of praise while the other half treats such small measures as if the world is going to end and we'll be ushered into Stalinist Russia (who wasn't a Socialist but omergawd soshalism!)?
edit on 20-2-2013 by Kali74 because: (no reason given)




top topics



 
4

log in

join