Why do Republicans ignore that Corporate profits are at an all time high under President Obama?

http://www.slate.com/blogs/moneybox/2012/12/03/pro...

Corporate Profit Share of GDP Reaches All-Time High

16 Answers

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  • Anonymous
    7 years ago
    Best answer

    It looks like Obama did something good after all.

  • Anonymous
    7 years ago

    So, you want companies to lose money? All those pension funds would lose value. Either way, you would complain.

    If you are thinking the companies should take all their profits and start passing the cash out to the poor, then you are wrong. That seems to be the liberal mantra, but it solves nothing. You will never eliminate poverty. And, the more money you throw at the poor, the more they reproduce. Now, you have even more poor people and no money to take care of them.

    The current economic climate is uncertain. My company and others that I am associated with are operating with as little cost as possible. They are doing no new development, laying off workers, and entering "harvest mode". They seek to profit off of current products as long as possible. No new development, unless all development cost is paid for by a client.

  • 7 years ago

    Riiiiight.

    Ooh he uses a link from Slate, too.

    Many companies took drastic actions to stay open (Not everyone was protected by Obama like GM). That means cutting the workforce, closing offices, and selling less profitable assets.

    This means less overhead. Fewer people to pay, fewer properties taxed, etc. As business slowly omproves they will show more as profit. A child should be able to understand this.

  • 5 years ago

    Politics

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  • Anonymous
    7 years ago

    I haven't.. I tell clients that everyday.

    But the reasons behind it don't flatter the administration.

    1. Cutting jobs reduces costs

    2. Impending regs and threats from administration have kept corporation sitting on their money

    3. Overseas investment is more attractive than here., because of Obama's policies

    4. Bond rates are at alltime lows.(Fed policy). so investments into stocks are only option

    5. There's been no significant increase in sales revenue

    So, what it boils down to is that Obama has made the RICH RICHER, and the poor poorer.

    The wage gap is wider now, than when he took office.

    And THAT is what is being ignored.

  • 7 years ago

    The profits are high because the companies staffing is lean and no monies being spent on expansion it may look all and good but how will it effect us tomorrow without growth. ( Just saying)

  • 7 years ago

    It is artificial with $85 billion of QEII injected into banks every month.

    A low GDP and 7.7% unemployment indicates no prosperity at all. A lot of money is useless if you cannot grow. Obamacare is stunting growth.

  • Anonymous
    7 years ago

    ordinarily the left likes this joke,whats a gulfstream jet going down in lakehurst NJ from 40k/ft with 30 corporate heads onboard??

    not a bad start

  • 7 years ago

    So are you against profits or that private enterprise is successful?

    What about the evil profits the government makes off student loans?

  • 7 years ago

    Mostly because they don't take a simplistic, one aspect approach to business and look at all aspects.

    Is that too hard for you to do?

    Up to you.

  • mebo
    Lv 6
    7 years ago

    Re-read your own link.

    It's due to high unemployment, woo hoo Obama!

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