said the boy not smart enough to understand the business model of a lemonade stand...
Posted on 12/03/2014 2:30:46 PM PST by Oldeconomybuyer
In remarks that underscored an emerging concern about the direction of the economy, President Obama told business leaders Wednesday that, despite record corporate profits, stagnant wage growth is creating anxiety among workers.
Obama [said] that the shrinking of wages and income as a share of overall GDP had caused an “undertow” of pessimism, despite the improving economy, and said giving workers a raise would benefit corporations, too.
“When wages are good, and consumers feel like they’ve got money in their pockets, that ends up being good for business not bad for business,” he said.
Obama appeared relaxed and at ease, but his comments touched on a major emerging policy and political challenge, especially for his party, in an age of widening inequality: how to jump-start wage growth and ensure that economic gains are broadly shared.
(Excerpt) Read more at msnbc.com ...
Obama appeared relaxed and at ease,, stopped reading after this
Iranian? Just another way to spell Aryan.
http://www.haaretz.com/jewish-world/how-iran-and-aryan-are-connected-1.293071
Business leaders to Obama: Shut your Hawaiian ice hole.
Now that he’s demonstrated his mastery of constitutional law, it’s onwards to show off his prowess in economics...
Obola is an economic illiterate. But Freepers knew that...
Told huh? Has emperor 0bama ever ran a legitimate business? No? Hmmm.
5.56mm
Raise wages while you legalize 5 million lawbreakers enabling them to compete legally with American workers. The reason why wages are decreasing or stagnating is that we have a huge surplus of workers. The labor participation rate is the lowest since 1977.
said the boy not smart enough to understand the business model of a lemonade stand...
Stop inflating the currency with your ridiculous debt. Idiot.
Business leaders to Obama.. Since it was YOU that screwed the American Economy stay out of our business..........
Lower taxes and Gov’t spending and regulation.
O, gut taxes
Raise wages, but you can also hire all those H1-B visa applicants I just gave you for a lower wage, wink wink.
I would love to hear what these ceo’s said to each AFTER obama left!!
Business leaders to Obama: “Get amnesty done and write a few preferences into the law for us to kill off our smaller competitors and we’ll see what we can do for you on the wage thing.” /unfortunate reality
“When wages are good, and consumers feel like they’ve got money in their pockets, that ends up being good for business not bad for business,” Obama the Lesser said.
And that is, sadly, about the extent of his understanding of economics. Give more money away and they will spend it. Where the money comes from is not my problem.
"Thus let it be Written .... Thus let it be Done!"
Oh, goodie. Wage and price controls.
That always works so well.
If you like your hyperinflation, you can keep your hyperinflation.
Military pensions and old-age social security payments will be limited to less than 1% cost-of-living increases.
Which flavor of cat food is your favorite?
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