Obama's Stupidity On Profits

Ever since Barack Obama took office, he's been at war over corporate profits.  In 2009, he attacked corporations, Wall Street, and banks for putting profits ahead of jobs.   In 2011, he gave a speech before the Chamber of Commerce where he said businesses must share their profits with the workers.  In other words -- like he once told Joe the Plumber -- "spread the wealth around". Now, in the last two weeks, he has attacked Romney and Bain Capital for "maximizing profits".

Only a socialist would be so negative on companies making money. Really, can Obama be that dumb about business?

Look at it this way.  If the first McDonalds wasn't profitable, there wouldn't have been a second McDonalds.   But thanks to profitability, there now are over 33,500 McDonalds worldwide; employing nearly a half million workers.  The bottom line is that profits allow companies to expand and expansion means jobs. If companies simply gave all the profits away to the employees, there wouldn't be any money left for expansion. Just two weeks ago, Hewlett Packard announced that they were laying off 27,000 workers.  The company didn't make that announcement because profits are rising.

The President just doesn't get it.  Jobs follow profits.  Not the other way around.  Unlike the President, Romney definitely understands this. Today, in America, we have a jobs problem and, obviously, we have a President who is totally clueless as to how to fix that problem.