Friday, August 02, 2013

The very rich and the poor love Obama

He’s their sugar daddy. You've got to love it when the "experts" complain that growth is slow because of greedy corporations only investing for the short term, and CEOs making buckets of money by laying off workers. Who do they blame?  Republicans, not Obama who has kept the economy at its miserable growth level by his policies and burdensome regulations. Are the rich getting richer? Oh yes, they love Obama.

http://www.dailyfinance.com/2013/07/31/reasons-americas-slow-economic-growth/

“The real reason American corporations aren't investing is that the folks who control and run them have become so selfish and greedy that they are focused on only one thing: Maximizing short-term profitability.
When the folks who control and run American corporations get together to set future goals, for example, they don't agree to, say, hire and invest heavily for the next several years in order to produce higher earnings and stock prices 5-10 years from now. In a business and investment culture ruled by annual bonuses and quarterly earnings reports, 5-10 years from now is so far into the future that it's barely worth considering. Instead, the folks who control and run American corporations set annual bonus and quarterly earnings targets designed to maximize profits and stock prices today.
In a period in which economic growth is weak (because corporations aren't investing), the way to hit annual profit targets and get those bonuses is to "increase efficiency." And "increasing efficiency," everyone knows, is usually just a synonym for cutting costs, firing employees, and scrimping on investment.
So big American corporations are maximizing their profits and letting mountains of cash build up on their balance sheets while, in the process, starving the economy and their employees of cash that would otherwise turbo-charge consumer spending and economic growth.”

If Obama won’t do what is right for the economy, why should American corporations help him drag us down?  I’d invest short term too, if I had a corporation.

1 comment:

Anonymous said...

Murray sez:
Long term Obama is so ugly it's indescribable