Friday, January 18, 2013

Guest from the Left: J. Marquis


Another Good Day For Wall Street


Wow, look what a toll this president has taken on corporate profits. I guess he just doesn't understand what it means to be an American.

Corporate Profits Have Grown By 171 Percent Under ‘Anti-Business’ Obama

(You can read J. Marquis daily at Major Conflict)

14 comments:

Bram said...

When the government keeps giving corporations money - and they don't spend any on growth, research, or hiring, profits are easy.

Bram said...

I love liberal fun with numbers - they used the low point of the recession to start.

The economy is still shit.

Rickvid in Seattle said...

You don't understand what “profits” mean, do you Jim?

First, Obama and his wrecking crew create massive uncertainty, so corporations do not spend money for research, hiring, new capital investments like machinery, expansion, etc. They also have no real idea of the upcoming costs of taxes, regulations, and Obama-so-called-care. That money sits waiting for the surely of a true leader.

Second, profits end up in the pockets of shareholders, as in, the very old folks with their retirement investments and ordinary working stiffs with their 401-Ks, IRAs and other investments that your clown car party claims to care about.

Finally, you twits seem to think that profits just go into the pockets of eeevvviiill fat, bald, cigar-smoking, white, men sitting in smoky back rooms.

Grow up.

jim marquis said...

Rickvid- where exactly on here did I say profits were a bad thing? My wife and I both have 401ks and are very happy they've surged back up.

I was just making the point that corporations are doing very well right now. That fact should negate the lie that the president is some kind of anti-capitalist tyrant.

And enough with the whining about corporations not hiring because they're scared of uncertainty or whatever. They're not hiring mostly because they've figured out how to replace people with automation.

Haverwilde said...

Jim,

Leftist will lie to leftist as quickly as they will lie to the rest of us. You link anther leftist rag—okay. But let’s look at the whole picture.

Strawman—“Obama is anti-business” That is bullshit pure and simple. When you are as corrupt as Obama is, you aren’t anti-anyone who you can buy. Just look at G.E., Google, Microsoft, etc. He is not anti-big business when they are helping him, but he doesn’t give a shit about small business. And small business is the source of most growth in a recovering economy. They are the ones that need people—not automation.

Big Oil loves high crude prices, it means big profits, small business hates high gas prices, and high gas means slow growth. So Obama feeds billions to green energy and the middle east reaps the petro rewards; and Big Oil smiles about all those profits.

Big Business thrives when they work hand-in-glove with Big Government. It is the model that all fascists understand. It is anti-liberty, anti-competition, it a part of the statist regime you and your fellow travelers have put in place in this country.

You are welcome to this new world order. But you will rue the day you supported it.

Jpck20 said...

Trying to explain to Jim anything more complex than his repeating typical DNC talking points is a waste of time. He doesnt understand. And he never will.

CrabbyOldMan said...

Bram 10:38 AM hit the nail squarely on the head.
Jpck20 1:41 PM sums the whole situation up nicely.

Zelda said...

Don't leave out Haverwilde. He put it better than I ever could have. Obama is a corporate fascist. Government sanctioned (and corrupted) Wall Street is fine. Don't try to compete.

CrabbyOldMan said...

I am always interested in what Haverwilde has to say.

jim marquis said...

Wow, the unpainted corner just gets smaller and smaller.

free0352 said...

Everybody loves a bubble till it bursts.

And this is a bubble. When you hear talk of increased interest rates no matter how small you sell right then and there.

Fear the boom not the bust folks. This is an artificially created econ bubble and it can't go on forever.

Fearthuinn min an Saille said...

More than likely, these profits are first going to pay off the losses. I have a nice profit this year (not enough to live on, but still, better than the -6k from last year). Profits from one month go to pay off a loss from another month, upgrade something, or get something new started. Once all that stuff is done and gone, then I can invest profits in hiring on new people. Till then, profits stay in house.

Steve In Tulsa said...

My groceries are 20% more expensive. It is called inflation. Dollars are worth less because Bronco Bama is just printing money hand over fist every month. He has already printed several trillion unbacked dollars. The stock market isn't going up; the value of the dollar is dropping.

CrabbyOldMan said...

Steve In Tulsa is precisely right.