Monday, February 7, 2011

Obama: Corporation's profits "have to be shared by American worker"

Today Obama met with the Chamber of Commerce and delivered this memorable little quote:
Real Clear Politics: "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.
Suuuure, Obama is not a socialist. Time and time again we keep getting all these share the wealth schemes from Obama.  At what point do we stop pretending his is not a socialist?

Via: Memeorandum
Via: Real Clear Politics
Video h/t: Urban Grounds


Just a conservative girl said...

He kind of did admit it yesterday. O'Reilly asked him if he was moving to the center and he said no. He didn't say that he already was the center. To me that is the closet to the truth that we have gotten from him.

Gorges Smythe said...

Just remember, 88% of democrats think he's doing a good job! (Yeah, I know; THEY'RE socialists, too. Unlike Obama, though, they're too stupid to know it.)

Clifton B said...


Yeah, Obama botched that answer. I think he was trying to go with that he is already the center, but the truth willed out.

Clifton B said...

Gorges Smythe:

Come 2012, that 88% will zoom to 90+. So many on the left have been brainwashed into believing and any Democrat is better than a Republican.

Hot Sam said...

Corporate revenues ARE shared with workers. They're called WAGES.

If workers want a share of profits, they can do what everyone else does - buy stock in the company.

But owning stock in the company you work for is asinine. You would have your wages and your financial portfolio inadequately diversified.

There's absolutely no empirical evidence that worker-owned firms or Employee Stock Ownership Programs increase worker productivity. The incentive to free ride doesn't go away.

Raising wages of low-skilled workers accomplishes only one thing - keeping them low-skilled. It reduces the incentive to acquire more human capital.

Whether they know it or not, all Democrat economic policies are designed to keep poor people in a constant state of relative poverty.

Clifton B said...

Nick Rowe:

Agreed. The whole idea behind socialism is not to raise the bottom to the top, but to lower the top to the bottom with increase demands on wealth.

I am self employed and I can tell you, I work 10 times harder now for MY bottom line than I did when I worked for some else (profit sharing be damned).

Mr. Mcgranor said...

That seems up-to-par with what the majority believes--wants. You cannot get the average individual to work cheap. When i go to bid on a job the next man says: get this much because the owner makes this much. Meaning the man or company i am laboring for makes so much that the other fellow thinks hes worth more then what i would bid because of it. I miss Mexicans all over upholding under-the-table-labor. I hear they are still around out in the southwest--so make sure you hire one or two.

bd said...

never any doubt: marxist to the core - "we know what you are, now we are determining price (degree)"

"dreams of my father": hard-core socialist soil

bill ayers: "only in the hood" - sure

can't be in jeremiah wright's ucoc for 20 years w/o buy-in to "black liberation theology", theocratic wing of the hard left...

Justin said...

"...the benefits cannot just translate into greater profits and bonuses for those at the top. They have to be shared by American workers..."

The Left loves to spew tripe like this, but I notice that when companies have a down year, there are no calls from political leaders for the workers to "share" in the sacrifices and cost-cutting. Why does no one on our side exhibit the stones to call Obama (et al.) out on this?

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