PBS says obama economy better than when he took office

Where's the link to my post to where I've said *anything* about "corporate welfare" as you claimed, after you had the gall to call me a hypocrite for it.

You just make (*)(*)(*)(*) up, don't you? Did you think I'd just let you get away with it?

Jeez it would be nice to find one conservative that didn't have to make (*)(*)(*)(*) up about what I say to try to make a point.

There not just at all time highs nominally, contradicting conservative claims that Obama's policies would wreck businesses.

They are at highs relative to GDP.

Yet another fact you've utterly failed to disprove, after your baseless claims that they were bull(*)(*)(*)(*).

 

What part of economic growth don't you understand? And why are you posting a graph of a ration between GDP and CP? Every year more people buy stuff than the previous year....obvious exceptions being recession and depressions which normal people don't need to have explained to them. The reason that CP is high in relation to GDP is precisely because our GDP has been stagnant forever. If CP rises and GDP rises at a much slower rate then shockingly CP will make a bigger dent in it? Your graph just proved my point. Not to mention that CP includes overseas sales while GDP doesn't include overseas production even if it is a US company. In summary US companies are making more stuff overseas meaning increased profits but since it isn't being made in the US it is not counted in GDP.

You keep proving that in fact Obama has in fact hurt the US economy. Because of our high corporate rates more and more companies move overseas.

 

Where's the link to my post to where I've said *anything* about "corporate welfare" as you claimed, after you had the gall to call me a hypocrite for it.

You just make (*)(*)(*)(*) up, don't you? Did you think I'd just let you get away with it?

Jeez it would be nice to find one conservative that didn't have to make (*)(*)(*)(*) up about what I say to try to make a point.

"The reason that Corporate Profit is high in relation to GDP is precisely because our GDP has been stagnant forever."

Wow. You do just make (*)(*)(*)(*) up as you go along, don't you.

 

We have been hovering on average less than 2% for years now. Bush averaged 1.7% while so far Obama is around 1.6%. Both of those are pathetic numbers considering the growth we had under Clinton/Reagan even if it was in part a bubble. Corporate profits are on the rise precisely because of expanding markets overseas. Ford sells more cars in China now than in the US. Those profits get recorded under Ford but since those cars are produced in China or elsewhere they are not considered part of GDP. This is NOT a good thing necessarily. If GDP AND CP were rising then it would be good but because ONLY CP is rising quickly that is bad. We are not producing the stuff we sell overseas here in this country.

 

Where's the link to my post to where I've said *anything* about "corporate welfare" as you falsely claimed, after you had the gall to call me a hypocrite for it.

You just make (*)(*)(*)(*) up, don't you? Did you think I'd just let you get away with it?

Corporate profits have grown to record highs because businesses have been able to keep their cost cuts to the bone because they haven't given their workers any wage increases, to the contrary, they are paying them less.

So I can agree with you that corporate profits are, if anything, too high. They should be paying their workers more to get the economy going. That's what Henry Ford did. He gave his workers a big raise because he knew with they extra monies they'd buy more of his cars. We don't have business leaders thinking like that these days.

But to the conservatives and 1% apologists, corporate profits can never be too high. So there we go. Another reason if Obama were a white Republican, conservatives would be hailing him as savior.

But it's beside the point. I've proved my fact once again, both on nominal and relative to GDP, corporate profits are at all time highs under Obama. Which you've utterly failed to disprove, despite your baselessly calling it bull(*)(*)(*)(*).

 

It was awhile ago. I am not digging through months of links to find it but you have complained about it. It was on a discussion about corporate tax rates and you said that lowering the corporate tax rate was tantamount to corporate welfare.

I don't have an issue with CP being to high. The issue is in relation to the GDP. If both are not going up then something is wrong. China has both growing CP and GDP precisely because they make stuff in their country.

What corporations pay their workers is their business. Outside of minimum wage laws there is no moral obligation to pay anymore than the market determines.

The irony is that had Obama done the stimulus like many conservatives said he should have done it we would be in much better shape. Instead of shelling it out to various 3rd party groups Obama should have simply cut a check to every single American for X amount of dollars. That is how you do stimulus. Not wasting it in (*)(*)(*)(*)ty green companies and stupid studies at universities.

 

Yes it was and they need to back out. It was our own government which limited what individual or labor groups could do and which gave more power to those with money. That part needs to be corrected.