Obama: 'The private sector is doing fine'

You can't eat a painting...

Republicanism Works wrote:

Raees wrote: Picture of a person who attained the American Dream

Boo-hoo.

Not my quote. Please don't try and intentionally quote me with things I never wrote.

Soulshiner wrote: You can't eat a painting...

Museums need to be built, so construction workers got jobs. They need to be maintained and buy supplies from locals. They bring people from other areas to visit.

Just like Wal-Mart in Bentonville, they created jobs, but liberals only see people with money like a vampire looks at a neck. How can I tap into that? They are only good to bleed.

Yes it would be wrong to target Alice because she has money- dead wrong.

And her company Walmart happens to be the largest employer in the United States- if she wanted to - she could fire those employees and they would be out on their asses without a job.

Walmart is also the biggest private employer in the world with over two million employees, and is the largest retailer in the world.

The company is the world's 18th largest public corporation, according to the Forbes Global 2000 list, and the largest public corporation when ranked by revenue.

Walmart remains a family-owned business, as the company is controlled by the Walton family who own a 48% stake in Walmart.

But did you know this?
Wal-Mart was the SINGLE LARGEST TAXpayer in the USA in 2010.
It had Sales of $401 billion!
Walmarts Pretax income was $20.9 billion in 2010.

It paid Income taxes totalling $7.1 billion and paid a Tax rate of 34.2%.

Yes- that's right- more than 1/3 of all the profit that Walmart makes every year goes straight to the Federal Government.

That's more taxes than millions of whiny Liberals all put together! That's more taxes than all the complainers and looters that buy into Obama's class warfare tatics.

You liberals better thank god that there are people out there like Alice Walton, because she's not only employing millions of people at a higher than minimum wage- she's supporting many of you lazy socialist looters.

In addition to providing jobs for 2 million people and paying taxes of 7+ billion dollars a year- Walmart provides competitive pricing which saves hundreds of millions of dollars for consumers every year- without them - every retailer would charge us all more money. Weather you shop at Walmart or not- the company is saving you money every year.

Poor people would be eating dirt for dinner if it wasn't for people like Alice walton. Obama's big fat mouth dosn't make any money - it just blows hot air!

It's people like Alice Walton who pay the bills in the USA.

And that's a fact!

Poor people employed by Wal-Mart wouldn't be on food-stamps if people like Alice Walton paid them more...and that's a fact.

And let's be clear here, Alice Walton is not "employing" people. Sam Walton created Wal-Mart; the company pays them the sub-standard wages; and Alice is nothing but an heir to a fortune, sits on her money & investments, and doesn't create ANYTHING.

But it was a great Rightie rant...

Sam is DEAD-

His Family now runs the business.

And they already pay more than many other corporations- Mc Donalds and 7-11 come to mind.

They are under no obligation to pay anything more than minimum wage- unless the demand for jobs is lower than the supply- right now Walmart has no problems filling their positions at the rate they pay- which is pretty good- well above minimum wage.

If they paid more- they would have to charge more for the stuff they sell.

Frickin Liberal Idiots!

Paying people more than the market will bear? Isn't that why we had to bail out Detroit? And our manufacturing moved to China?
And suppose Alice did give all her money divided among those 2 million employees? Each one would get $10,500 for just one year and then it would all be gone. Like what happened to GM and Chrysler.

Yes, the private sector IS doing fine....as long as you aren't in the middle class.

Recession crushed middle-class wealth: Fed survey
Median net worth fell by $49,100

http://www.marketwatch.com/story/recess ... =afterbell

The recession crushed the net worth of middle-class families as real estate values tumbled, according to a survey released by the Federal Reserve on Monday.

The Fed’s survey of consumer finances between 2007 and 2010, which is adjusted for inflation, showed median income fell 7.7% from $49,600 in 2007 to $45,800 in 2010 and that median net worth fell 38.8% from $126,400 in 2007 to $77,300 in 2010, approximately the level recorded in 1992.

The particularly big drop in net worth was largely due to the burst of the real estate bubble. Between September 2007 and September 2010, U.S. home prices fell by 22%, according to home price data from LoanPerformance.

And the survey shows American families in a deleveraging mode. The proportion of families carrying a credit card balance fell 6.7 percentage points to 39.4% in 2010. Among those with a balance, the median balance fell 16.1% to $2,600 in 2010.

The fraction of families with retirement accounts fell 2.6 percentage points to 50.4%; the Fed says the overall rate of retirement account ownership has varied around 50% for about the past decade.

Based on this article I'd hate to see what the President considers "not doing fine". I think the smartest thing we could do now is raise taxes on the middle class, don't you? They clearly aren't getting crushed enough.

I would say the one silver lining is that most folks have learned their lesson on credit and, like the people who lived through the Depression, will carry these lessons with them for the rest of their life.

I wonder what the middle-class net worth will be after ANOTHER 4 years of "doing fine"?

BearMtnHIB wrote: Sam is DEAD-

His Family now runs the business.

And they already pay more than many other corporations- Mc Donalds and 7-11 come to mind.

They are under no obligation to pay anything more than minimum wage- unless the demand for jobs is lower than the supply- right now Walmart has no problems filling their positions at the rate they pay- which is pretty good- well above minimum wage.

If they paid more- they would have to charge more for the stuff they sell.

Frickin Liberal Idiots!

Spoken like a true trust fund baby.
So if the Gov. didn't have minimum wage? Pay anything?
You are talking advertisement for the libs. What a moron.

Back on topic after the nonsense from JMC... in regards to the private sector...

Analysis: U.S. companies in sales struggle as global downturn bites

U.S. companies are finding it more difficult to grow their revenue now than at just about any time since the financial crisis.

Second-quarter revenue growth for companies in the Standard & Poor’s 500 index .SPX is expected to be just 2.2 percent compared with an average 7.3 percent quarterly increase since the fourth quarter of 1998, according to Thomson Reuters data based on Wall Street analysts’ forecasts. Take out the supercharged sales of Apple Inc (AAPL.O) and the picture is even weaker – with growth of only 1.9 percent for the current period…

Just last year, S&P 500 revenue growth was in double-digit territory, at 11.1 percent in the third quarter following an even bigger 13.6 percent in the second quarter. Revenue growth in the first quarter of this year came in at 5 percent.

http://www.reuters.com/article/2012/06/ ... 7920120610

Still happy...

Fed: Americans’ wealth dropped 40 percent

The net worth of the American family has fallen to its lowest level in two decades, according to government data released Monday, driven by a more than 40 percent drop in their stakes in their homes.

The Federal Reserve’s detailed survey of consumer finances showed families’ median wealth plunged from $126,400 in 2007 to $77,300 in 2010 — a 39 percent decline. That put them on par with median wealth in 1992.

The Fed’s data underscore the depth of the wounds of the Great Recession and how far many families remain from healing. The median value of Americans’ debt did not change between 2007 and 2010. Meanwhile, the housing market crash inflicted particularly severe damage, with the Fed showing that the median value of Americans’ equity in their homes plunged 42.3 percent between 2007 and 2010.

http://www.washingtonpost.com/business/ ... story.html

So... who's doing "fine"...

It’s the public sector that’s ‘doing fine’

According to the Bureau of Labor Statistics, the unemployment rate for government workers last month was just 4.2 percent (up slightly from 3.9 percent a year ago). Compare that to private-sector industries such as construction (14.2 percent unemployment), leisure and hospitality services (9.7 percent), agriculture (9.5 percent), professional and business services (8.5 percent) and wholesale and retail trade (8.1 percent). As Andrew Biggs of the American Enterprise Institute points out, the public-sector unemployment rate “is the lowest of any industry or class of worker, even including the growing energy industry.” If the rest of Americans enjoyed the same unemployment rate as government workers, Obama would be cruising to reelection.

http://www.washingtonpost.com/opinions/ ... s_opinions

Emperor Obama is shedding clothes faster than a hooker on Colfax.