Bill Maher Gets Schooled on U.S. Corporate Profits By African Economist
Readers are advised to remove fluids, food, and flammables from proximity of their computers before proceeding. You've been warned.
HBO's Bill Maher on Friday received a much-needed education on U.S. corporate profits from - wait for it! - an African-born international economist (video follows with transcribed highlights and commentary):
After showing a video clip of Fox News’s Sean Hannity and former Republican presidential candidate Herman Cain discussing whether or not Barack Obama is intentionally trying to destroy capitalism, Maher said, “This is where the Republican Party is. And, you know what? Corporate profits as a percentage of GDP are higher than ever. How can he be destroying capitalism? They’re eleven percent. This is the highest since World War II.”
Enter clearly the smartest person in the room.
“But there’s two ways to make profit, right?” interjected Dambisa Moyo. “The problem’s that there’s two ways to make profit. Profit equals revenue minus costs."
Talk slowly, Ms. Moyo. There's an idiot sitting next to you.
"You can either reduce costs or raise revenues," she continued. "And in this case, the reason why everybody is up in a tiz correctly is that companies have been cutting costs quite aggressively, amongst them labor costs, and amongst them higher unemployment. And that’s why I think there’s a schism between that kind of discourse between the Republicans.”
Moyo obviously didn’t realize she was speaking to a total nincompoop, for Maher then asked, “But you don’t think Obama is purposely trying to destroy capitalism?”
“No I don’t,” replied Moyo, “but I just think it’s a bit more nuanced than what you see.”
Yah think?
For those unfamiliar with Moyo, she was raised in Zambia, and has a Ph.D. in Economics from St Antony's College, Oxford University, a Masters in Public Administration from Harvard University’s Kennedy School of Government, an MBA in Finance, and a B.S. in Chemistry from American University in Washington D.C. Moyo also worked for the World Bank.
As such, Maher was way outclassed - although that doesn't take much.
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Comments
Impressed! The bigger question
Submitted by gopcongress on Sat, 06/09/2012 - 1:46pm.
I'm impressed with Ms. Moya! Wondering if she's single...
On a more pertinent note, I'm actually wondering how Moya was even invited onto the show in the first place. Did the Maher production crew see "international finance expert," "African," and (I'm sure) "black" in the same person, and expect someone who would be looking at finance from a socialist viewpoint? I betcha my monthly prime rib dinner that had something to do with it.
"The news and truth are not the same thing." -Walter Lippmann (1889-1974) FOLLOW ME ON TWITTER
You can bet they just looked at her demographics and
Submitted by drsamherman on Sat, 06/09/2012 - 2:04pm.
thought they hit the jackpot in politically correct characteristics. Turns out Ms. Moyo does have a brain, and that sleazoid pustule Maher probably fired his scheduler after the show.
I'm impressed with Ms. Moya!
Submitted by Newsbusterbrown on Sat, 06/09/2012 - 6:51pm.
I'm impressed with Ms. Moya! Wondering if she's single..
She does look cute in that video clip, doesn't she? Add her obvious intelligence into the mix and she definitely is a prize.
“There are no easy answers, but there are simple answers. We must have the courage to do what we know is morally right.” - Ronald Reagan (1964 Republican Convention)
Now don't forget...
Submitted by Ozconservative on Sat, 06/09/2012 - 7:53pm.
We're all supposed to be racists here
I bet that's exactly why she
Submitted by Rusty Shackleford on Sun, 06/10/2012 - 3:36pm.
I bet that's exactly why she was chosen. These myopic people on the Left literally believe that anyone who fits into one of their simplistic templates must immediately conform to whatever stereotypes they have applied to those characteristics: She's black, African, and like most women: female! Therefore she must be a socialist!
That's what passes for research on the Left (another great example is "Rathergate") and beautifully exposes how their media echo chamber has made them intellectually lazy.
-----------------------------------------------------------------------------
Chris Matthews: The Joy Behar of MSNBC.
Bill Maher: The Joy Behar of HBO.
Paul Krugman: The Joy Behar of The New York Times.
Noel Sheppard
Submitted by opportunity cost on Sat, 06/09/2012 - 2:05pm.
The bit was about Hannity and Cain's remark that Barack Obama is trying to destroy capitalism. The economist said Obama is not, her point about profit notwithstanding. Hard for you to understand?
As a side note: 4.3 million private sector jobs added during Obama administration in the last 47 months.
http://research.stlouisfed.org/fred2/graph/fredgraph.png?&id=USPRIV&scal...
And 23 million unemployed or underemployed.
Submitted by drsamherman on Sat, 06/09/2012 - 2:14pm.
Care to explain that?
still a fail
Submitted by dmacleo on Sat, 06/09/2012 - 2:36pm.
using the standard of 200k new jobs created per month to maintain growth 4.3m is a huge fail.
should be 9.4m to even be considered good.
and when the admins answer is to always create more gov jobs and who supports ows then anyone who thinks its not an attack on capitalism is retarded.
Private Sector Job Growth
Submitted by opportunity cost on Sat, 06/09/2012 - 4:03pm.
"and when the admins answer is to always create more gov jobs"
There has been a net loss in government jobs during the Obama administration. The net addition to jobs has been in the private sector.
And while recovery isn't fast enough, we are going in the right direction. Obama's economic policies have worked.
You just keep on believing
Submitted by killa37 on Sat, 06/09/2012 - 4:19pm.
You just keep on believing that - at your own peril. But with a handle like 'opportunity COST', I'd have to say that there's no surprises here.................
who pays for those gov jobs?
Submitted by dmacleo on Sat, 06/09/2012 - 4:55pm.
private sector.
good job not touching on the 50% to break even fail too Obfuscation Costs.
and a net reduction of gov jobs, especially at federal level, is not on its face a BAD thing.
dmac*
Submitted by cajun2 on Sat, 06/09/2012 - 5:11pm.
Don't be fooled by that "reduction" in government employees thingy. What Obama has done is increase the number of "government mandated tasks" to private contracts. What this has done is the government is really hiring more people but they are not considered "federal employees". They do not follow the civil service rules about actions nor wages based on GS levels. So basically, Obama can see to it that more contract employees are hired and can pay them a negotiable wage rather than be forced to pay civil service based wages.
If you look up official numbers of federal employees they will show a small decline if you dont count the military. But if you look up the number of contractual employees, there is a greater increase than before 2008.
Also, remember that if AHCA is allowed to be implemented, starting in 2013, hundreds of thousands of employees will be hired by contract to begin setting up the health care commissions that are essential to the program as well as the 65,000 new IRS agents required as part of the implementation of that program.
It's the little things that this administration is doing in incremental steps that is amassing great expenses to the government. They wont make the mainstreammeadia cheerleading squad spews but it is happening in every federal agency.
good point
Submitted by dmacleo on Sat, 06/09/2012 - 5:47pm.
I wasn't saying there was a reduction, just that a reduction isn't bad.
and the irs alone gets a huge jump (more than they recently got) for administering the deathcare act.
exactly dmac*
Submitted by cajun2 on Sat, 06/09/2012 - 7:31pm.
The rise in private sector jobs is not 4.3 million and technically, most of the jobs "created" are subsidized jobs or contract government jobs. And those numbers will rise, they will call them "private sector" when actually they are government contracts. Smaller government will be his "gem" of the month but its all a deception. Especially after Jan 2013 when the numbers "necessarily skyrocket" to meet the demands of his government mandated programs. Bigger government is still his plan, he is just lying and deceiving about how its done and what to call it.
Don't forget
Submitted by MikeB on Sat, 06/09/2012 - 11:10pm.
Don't forget, y'all, that in spite of all these phantom jobs "created" by this administration, the median income is down by 10% since Ear Leader took office. For the median income to go down like that, it means that those jobs were either part time, or were low wage jobs.
Also not mentioned is the net number of jobs increase or decrease. If you add 2 million new jobs, but lose 2.5 million jobs, sure, you have "created" 2 million jobs, but you have a net loss of 1/2 million jobs.
During Reagan's terms, the administration stated that there were 17 million new jobs. The Democratics immediately responded, "Yeah, but they were McJobs." Meaning low wage jobs of limited benefit to the economy. That argument is destroyed by the fact that the median income (in terms of real income, also) rose during Reagan's term. This means that more high paying jobs were created by the private sector than there were "McJobs".
good points also
Submitted by dmacleo on Sun, 06/10/2012 - 11:13am.
always cracks me up when they play the mcjob angle, shows that some jobs just are "beneath" them.
I, Free Stinker, admit I was wrong . . .
Submitted by Free Stinker on Sat, 06/09/2012 - 8:49pm.
Several times in the past I have said we were experiencing a "Troll Surge" here at Newsbusters. Well, I was wrong. This last week has been a Troll Surge, all those previous ones are nothing compared to this. Every &@#% day, a new one of these nitwits pops up with their hours old accounts, spouting off talking points straight from Move On, Duh-ly Kos, and infidels.org.
/// Sarah Palin Fan since July 11, 2007 /// خال
Trolls, Liberals, and Facts -- oh, my
Submitted by LionKing on Sat, 06/09/2012 - 8:55pm.
As usual, the trolls [liberals], never allow facts or the TRUTH to interfere with their talking points -- aka drivel.
Free
Submitted by MrShy on Sat, 06/09/2012 - 9:01pm.
I went to infidels.org, but the link is dead....... ?
:)
And yes, this place is crawling with newbie commies.
- mr-shy.com
Join Mr. Shy and The 1* Percent
Maybe these Newbies are Refugees? ;-)
Submitted by Free Stinker on Sat, 06/09/2012 - 9:06pm.
No loss if that website is gone. Maybe these Newbies are Refugees? ;-)
/// Sarah Palin Fan since July 11, 2007 /// خال
Free
Submitted by RESTLESS 1 on Sat, 06/09/2012 - 10:37pm.
Makes me wistful for the good old days of Leon, hater, Sirius...
These trolls today got nuthin'.
What "net addition" is that?
Submitted by CobraMan on Sun, 06/10/2012 - 10:57am.
"The net addition to jobs has been in the private sector. "
There hasn't been a "net addition" in the "private sector." There's been a net loss, to the tune of 20 million+ jobs. Don't forget about all those people who are no longer counted as "unemployed" because they haven't found a job in over a year, so they are removed from the equations because, according to the federal government, they "stopped looking" for work.
The Citizens of each State shall be entitled to all Privileges and Immunities of Citizens in the several States. The US Constitution
Unless you're a fetus. The US Supreme Court
Or Anwar al-Awlaki.
Washington d.c.
Submitted by Okieflyover on Mon, 06/11/2012 - 7:30am.
Just had to go to Washington on business. Sickening. It is booming. Government money flowing like a river.
If you are believing numbers out of this administration
Submitted by Okieflyover on Mon, 06/11/2012 - 7:34am.
You a fool. Washington d c is booming. Fasting growing geographic area in the country. One of the few areas that is growing.
bogus number
Submitted by VB on Sat, 06/09/2012 - 2:47pm.
Who's number is this ? Does it come from the Department of Labor ? This contradict number from the Labor Department:
Consider this:
Despite the dramatic influx of women into the workforce, employment rates under Obama are barely surpassing those recorded in the middle of the 1950s. That’s according to official tallies from the federal government’s Bureau of Labor Statistic (see :http://data.bls.gov/timeseries/LNS12300000).
Under every other president in the past quarter of a century, the percentage of Americans who’ve been employed has always been over 60 percent — even during the most recent recession (see: http://data.bls.gov/timeseries/LNS12300000).
Under Obama, however, the employment rate has now remained under 59 percent for 33 consecutive months (and counting) — all of which have come and gone since the most recent recession supposedly ended (in June 2009).
Historically, the American economy has been at its strongest when coming out of a recession — typically, the deeper the recession, the stronger the recovery. (see: http://data.bls.gov/timeseries/LNS12300000).
At best, this is by far the weakest “recovery” from a lengthy recession since 1956 and beyond (see: http://news.investors.com/article/583866/201109061718/obamas-recovery-a-...).
At worst, it’s not a recovery at all. Consider this: A higher percentage of Americans were employed during the final month of the recession (59.4 percent, in June 2009) (http://data.bls.gov/timeseries/LNS12300000)
than during the 35th month of the Obama “recovery” (58.6 percent, in May 2012). In terms of employment, the “recovery” has been worse than the recession. (http://data.bls.gov/timeseries/LNS12300000)
Lie all you want, the real number from the Labor Department doesn't lie unlike those on the left.
Excellent points!
Submitted by Name on Sun, 06/10/2012 - 7:27am.
That cuts right to the truth. You can pretend all you want, but a contracted labor supply needs a lower population to equal an increase in total employment. When they just keep dropping people off the rolls and claiming higher employment, only fools believe it.
Hmmm..... 4.3M jobs created
Submitted by Captain Repus on Sat, 06/09/2012 - 2:48pm.
Hmmm..... 4.3M jobs created in 47 months and McDonalds hamburger sales up by the same proportion .... of course this doesn't imply that all 4.3M jobs were at McDonalds as production was up at Burger King and Wendy's as well.
When oil lobbyist and garbage men are among those counted as
Submitted by Rush Fan on Sat, 06/09/2012 - 4:25pm.
Green Jobs by the Obama Administration, it's easy to see how Obama's job count, like Obama himself, is a facade.
100,000 jobs a month?
Submitted by Kingfish17 on Sat, 06/09/2012 - 4:31pm.
One-Hundred Thousand new jobs a month? That's the best you can do? That's not even keeping up with the rate of growth of the eligible labor force.
"You can’t go take a trip to Las Vegas...on the taxpayer’s dime." Barack Obama
The comrade Dear Ruler created 4.3 million jobs?
Submitted by Dave. on Sat, 06/09/2012 - 5:23pm.
Creating jobs in China and India don't count, dummy.
-Dave
Vote for the American in November
The part you leave out of
Submitted by robert108 on Sat, 06/09/2012 - 6:57pm.
The part you leave out of your cherry-picked statistic is that, to keep pace with population growth, over 5 million jobs were needed, so the obama economy falls short...again. Notice this is simply to keep pace with population growth, no produce real economic growth. The obama economy is worse than stagnant. Clinton was right for once; we are in a recession.
But
Submitted by Okieflyover on Mon, 06/11/2012 - 7:26am.
Obama said we were out of the recession as early as 2010. This must be his recession then
If they calculated unemployment the same way they did...
Submitted by Dave. on Sat, 06/09/2012 - 7:18pm.
...twenty years ago, and stopped screwing with the numbers, the real rate but be bumping up against 22%.
That's getting into depression area numbers.
-Dave
Vote for the American in November
Libertarian?
Submitted by sentry_99 on Sat, 06/09/2012 - 7:54pm.
I find it hard to believe a person whose profile claims libertarian would be such an Obama shill.
Yikes!
Submitted by Kingfish17 on Sat, 06/09/2012 - 8:04pm.
Good call out. Telling Americans they have to buy a private service is the antithesis of libertarianism.
"You can’t go take a trip to Las Vegas...on the taxpayer’s dime." Barack Obama
Wrong, opportunity cost. Way wrong.
Submitted by Phryj1 on Sun, 06/10/2012 - 12:39am.
According to BLS, employment has only gone up by 100,000 total since Obama became president, not 4.3 million. That's 100,000 net jobs created in 3 1/2 years. Obama's policies have been a miserable failure.
Progressives seem to be completely averse to facts and logic. Apparently, reality has a conservative bias.
You guys are arguing with a really stupid troll.
Submitted by The Vet on Sun, 06/10/2012 - 6:56am.
opportunity cost: ...jobs added during Obama administration in the last 47 months.
47 months? A full term of a President is 48 months. So President Obama was inaugurated in July of 2008?
I think the troll meant 27
Submitted by fatboy on Sun, 06/10/2012 - 9:05am.
I think the troll meant 27 months. But regardless...these jobs Obama added are mostly part-time jobs and really contribute nothing to the overall economy.
Funny Stuff!
Submitted by Kingfish17 on Sun, 06/10/2012 - 9:07am.
Forty seven months! Reminds me of 57 states. Obama Math.
"You can’t go take a trip to Las Vegas...on the taxpayer’s dime." Barack Obama
Really?
Submitted by fatboy on Sun, 06/10/2012 - 9:00am.
So I guess the private sector is doing just fine. Right?
A good analysis.
Submitted by Par for the Course on Tue, 06/12/2012 - 8:25am.
For an analysis regarding your statement, I recommend reading the following. Some excerpted highlights:
Has anyone ever talked about jobs created under President Bush?
Submitted by The Vet on Tue, 06/12/2012 - 10:40am.
It is always the number of jobs lost. Harry Reid says 8 million jobs were lost. That is using peak to trough, the exact opposite of President Obama's counting, trough to present.
Smartest person ever on the show?
Submitted by JeffC... on Sat, 06/09/2012 - 2:08pm.
Too bad she won't be invited back.
Hey, look, everyone...
Submitted by UpNorth on Sat, 06/09/2012 - 2:12pm.
It's troll Saturday at NB. Opportunity Cost is the third today. Seems the Occutards really are desperate.
And, I'll bet you really believe that 4.3 Million jobs "created", don't you? Just for grins, what's the real unemployment rate, how many folks have quit looking for jobs, that aren't counted?
wow
Submitted by charlietexas on Sat, 06/09/2012 - 2:46pm.
Im surprised he didn't slap her and call her a c**t...............stupid woman, how dare she!!!
One disagreement
Submitted by Lawfus on Sat, 06/09/2012 - 2:47pm.
I disagree with her on the ultimate point. Obama said he wants to transform our system, and to transform, you must destroy what was before. Obama is a socialist. He was a member of the socialist "New Party," his parents were socialists, his mentors and friends are socialists, most of his appointees are socialists, and his policies are socialist. So, why would it be surprising that he wants to destroy our capitalist, free market system?
Americans want to think the best of their presidents
Submitted by frank14 on Sat, 06/09/2012 - 3:53pm.
even when they destroy the country with their socialist programs like FDR's social security, JFK giving federal employees the right to collective bargaining, LBJ's Medicare and Obama's socialized Medicine.
Not all Americans, frank. I suspected from ---
Submitted by matthewdean on Sat, 06/09/2012 - 6:38pm.
day one that the liberal's messiah was gonna stink on ice.
The only real surprise, after finding my suspicion was 100% correct, was actually two-fold - (1) I had no idea any politician in the modern era could, or would, stink the joint up so badly; and (2), I am amazed that so many seemingly intelligent people - like Jer - defend the asshole.
Make that a three-fold surprise; I was surprised to find that I can harbor such a deep hatred for the set of grifters, ensconced in the White House, who are screwing over this country.
MD
Nothing new to my point, but signs are encouraging these days
Submitted by ant on Sat, 06/09/2012 - 6:51pm.
In a way, Obama and the other high profile Dims, believing that they had been deemed a 'mandate for liberal policy' by the People, have been a God-send. Their over-playing of their hand has opened a lot of people's eyes to just how destructive these people are, even other Democrats are jumping off that ship. Between the Walker win, Dims abandoning the party, what I hear people talking about and even public opinion polls, it's becoming increasingly clear that 'progressives' never really were a strong majority or popular belief, just a loud, litigious one, with a sympathetic media propaganda wing. So, it could be a God-send when he and the Mooch leave in November, but if it's another 4 years, I don't think we'll survive it intact, and then we'll have done it to ourselves...or at least the Obamabots, the dead, Mickey Mouse, and the illegal aliens will have.
Surprising...
Submitted by adamsmith on Sat, 06/09/2012 - 3:55pm.
what I find surprising is that no one I know of in the media other than Glenn Beck and Michael Savage have called the SOB a Communist. Obama still is in store for his "Emperor(Dictator) has no Clothes" moment. I'm hoping for REAL FUNDAMENTAL CHANGE, as in Barry the Communist Wonder Boy gets arrested for TREASON, tried, convicted, have his entrails removed and burned in front of him with some "drawn and quartered" for dessert. Anyone registered Democrat should have their voting rights taken away for supporting said Commie Pinko.......As Bob "The Commie" Dylan once sang, "Oh the times they are a-changin'"............
Socialists don't want to
Submitted by robert108 on Sat, 06/09/2012 - 6:59pm.
Socialists don't want to destroy the free enterprise system, they want to drain its wealth to pay for their social engineering schemes. Socialists are vampires, living off the blood of free people making free choices.
Communists First Destroy
Submitted by Lawfus on Sat, 06/09/2012 - 7:56pm.
Then, decades later, when they realize that pure communism doesn't work and it starts cutting into their caviar supply, they allow limited capitalism, ala China, to the extent necessary to support their lifestyles, while not allowing a significant portion of the profits to trickle down to the people.
Y'know, I think ol'
Submitted by killa37 on Sat, 06/09/2012 - 3:01pm.
Y'know, I think ol' Donkeyface has, or had, a 'black' girlfriend who he beats up...............and we all know his well-documented opinion of women in general, and especially smart conservative women. Now, I can't say where this gal is coming from politically, but she sure as hell blew Donkeyface's lame statements up - with a very simple and well spoken couple of sentences (and with NO swearing or vile language) - and she's a very attractive young woman too. I can only imagine what Maher was thinking, as he turned to his other guests to change the subject after she just bitch-slapped this moron - with class and elegance.
Ahd who was the idiot with the flaming fairy jacket on the panel??? Jeez, did this young woman realize that she was appearing in a three-ring circus???
Socialist?
Submitted by Isolde57 on Sat, 06/09/2012 - 3:02pm.
Technically Obama is not a Socialist nor a Marxist. He is a Facist. Companies should be privately owned but dictated by government as to what kind and how much of goods should be produced.
Also - concerning those 4.3 million jobs, a large percentage was simply taking old jos, reclassifying them as "green jobs" and saying the job was newly created.
Except that he's not really a
Submitted by G L on Sun, 06/10/2012 - 2:28pm.
Except that he's not really a fascist either, because an element of strong nationalism is missing from is philosophy.
The way Obama gets off the hook on this debate is that he's really a mix of things that all point to being a radical leftists. He's a little bit Marxist, a little bit syndicalist, and, like you pointed out, a little bit fascist. All of them crazy left and bad for the country.
Maybe the best way to refer to him is to use Mark Levin's word: statist. It's broad and encompasses all those nasty philosophies Obobo believes in.
Keeping Score
Submitted by Caringwhiteguy on Sat, 06/09/2012 - 3:20pm.
Looks like BM might be trying to score another attractive black female belt notch.
Honestly...
Submitted by Aubrey on Sat, 06/09/2012 - 4:02pm.
That is the only 30 sec I have watched of the pustule in the past 3 yrs.
I'm not surprised
Submitted by nolefan2 on Sat, 06/09/2012 - 4:11pm.
that this woman was able to outsmart Bill Maher. Homer Simpson can outsmart him.
I don't see how Bill Maher can remain so dumb
Submitted by Kingfish17 on Sat, 06/09/2012 - 4:35pm.
Every week he gets more schooling than anyone I know.
"You can’t go take a trip to Las Vegas...on the taxpayer’s dime." Barack Obama
And not only that...
Submitted by Order270 on Sat, 06/09/2012 - 5:13pm.
...he's like school on Sunday--No Class!
4.3 million ?
Submitted by palmaceiahome on Sat, 06/09/2012 - 5:02pm.
This administration hasn't created ONE job why else would they use a made up phrase like "created or saved" It's a facade like everything else coming from the anointed one. Maher was probably trying to figure out a way to call her "racist" while he was staring at her dreaming of having sex with her. #creep
4.3 million ?
Submitted by palmaceiahome on Sat, 06/09/2012 - 5:02pm.
This administration hasn't created ONE job why else would they use a made up phrase like "created or saved" It's a facade like everything else coming from the anointed one. Maher was probably trying to figure out a way to call her "racist" while he was staring at her dreaming of having sex with her. #creep
More millionaires to vilify.
Submitted by Order270 on Sat, 06/09/2012 - 5:22pm.
$5 trillion to create 4.3 million jobs swoops in at more than a million bucks per job. Any left? And any cuts in government came at the expense of the military.
Ooops...because she's pretty,
Submitted by ant on Sat, 06/09/2012 - 6:11pm.
Ooops...because she's pretty, Mahrer assumed he was sitting next to the Playboy bunny, young enough to be his baby daughter, airhead that he's so accustomed to pay for so she'll agree to, at least, be in the same room with him.
Well...
Submitted by Ackhams_Raysor on Sat, 06/09/2012 - 7:29pm.
...That's was one hour that Dr. Moyo will never get back.
This is troubling.
Submitted by The Vet on Sun, 06/10/2012 - 7:20am.
We have enough of a history with public markets to know that if corporate profits are truly at a higher percentage of GDP than the norm, they will at one point fall back to the average. And there is two ways for that to happen. Corporate profits would have to fall back to earth, and that is bad for the stock market. Or all other elements of GDP would have to rise while corporate profits remain completely unaffected. Now which scenerio is more likely?
The True Hope
Submitted by Kingfish17 on Sun, 06/10/2012 - 9:19am.
If we get these socialists out of the equation, GDP would explode.
"You can’t go take a trip to Las Vegas...on the taxpayer’s dime." Barack Obama
By the By, guys.
Submitted by The Vet on Sun, 06/10/2012 - 7:24am.
My link above shows 8.3%, still high historically. But nowhere near 12%. Anyone want to guess where the 12% figure comes from?
Dang you are good. Yep. Rex "I heart Obama" Nutting.
Hmmmm. Wonder why Bill Maher did not mention this?
Submitted by The Vet on Sun, 06/10/2012 - 7:46am.
Wage and salary income was only 43.7 percent of G.D.P., the lowest number for any period going back to 1929. That figure first fell below 45 percent in 2009.
That is a record too folks.
Nor does Bill Maher want to mention where the biggest chunk of GDP is coming from right now. Government spending above 40%. A number only seen when there was a WORLD WAR.
That is a record too folks.
Nor does Bill Maher mention the Labor Force Participation Rate. Not a record by any means. But still horrible considering we are 3 years into a recovery and could be facing another recession in the future. Labor Force Participation Rate when President Obama took office - 65.7%. May 2012 - 63.8%. Every one percentage for a population of 311 million souls is 3.11 million people not making money and contributing to the GDP. A grand total of 5.9 million fewer souls bringing home a paycheck and adding to the GDP since President Obama took the oath of office.
Maher is a brainless fool.
Submitted by fatboy on Sun, 06/10/2012 - 9:08am.
Maher is a brainless fool. It really is funny when he tries to be serious. It's then we see how seriously stupid he really is. No one actually thinks he has a brain in his head anyway.
Forgot this one?
Submitted by robbie55 on Sun, 06/10/2012 - 9:35am.
“but I just think it’s a bit more nuanced than what you see.” Gezzz I wonder why.
Not as simple as revenues minus costs
Submitted by auraltooth on Sun, 06/10/2012 - 11:55am.
Corporate profitability and liquidity are generally at all-time highs. While it may be easy for some to solely attribute this to reduced costs (and reduced labor expense), this assertion is not accurate. Sales have grown and are expected to continue to grow. Furthermore, the effect Europe has on American capital markets is massive. I'm not sure this is Obama's fault.
From factset.com:
http://www.factset.com/insider/2012/6/earningsinsight_6.8.12
Now, this isn't to say that the primary reason for the profitability and liquidity numbers isn't leaner expense structures. It most likely is. But I think it's telling when companies are simultaneously growing sales and cutting their workforces...and yet the recent unemployment number is, in some people's minds, solely Obama's fault (and/or the fault of health care reform).
Emotion seems to be clouding logic here.
Yes your emotion seems to be
Submitted by cocodrie on Sun, 06/10/2012 - 12:02pm.
Yes your emotion seems to be clouding your logic here.
Jesus Loves You so much He died for you
What?
Submitted by The Vet on Sun, 06/10/2012 - 2:38pm.
Who said the unemployment was SOLELY President Obama's fault? Or the fault of the health care reform? Looks like you are making shit up just to act as though you are some kind of brainchild for refuting it. It is called a straw man fallacy troll. Look it up.
I have to wonder the details of..
Submitted by ant on Sun, 06/10/2012 - 5:54pm.
what is supposedly increasing profits...what products or services?...thingamajigs? If I own a company, and the President promises me loans and subsidies (which are, basically, stolen from the productive taxpayers of the private sector), and, at the same time, becomes my best customer as a result of these subsidies or orders my products for use by the public sector (paid for by these same pick-pocketed funds)....I may have profited, but at the expense of the People and the free-market system.
He may have been "schooled,"
Submitted by mattm on Sun, 06/10/2012 - 1:33pm.
He may have been "schooled," but I doubt he learned anything.
I remember watching Dambisa
Submitted by G L on Sun, 06/10/2012 - 2:42pm.
I remember watching Dambisa Moyo on Charlie Rose a couple of years back, talking about Africa. She was there to discuss the ideas in her book "Dead Aid" having to do with IMF loans to African nations.
It was her view that international loans to African nations had stifled their progress, having just the opposite affect of their alleged intent. The net result was that these large loans saddled African nations with a mountain of debt that they struggled to keep up with, bleeding resources and capital from private enterprise that would otherwise have been available to it, and keeping those nations in a perpetual state of poverty.
If I remember correctly, she favored systems of micro-finance instead - letting pure free market capitalism work its magic.
Smart woman, and interesting.
I'm guessing whoever was supposed to screen her at Maher's show, couldn't be bothered to actually find out anything about her.
Obama's is not only trying to
Submitted by Semus on Sun, 06/10/2012 - 8:33pm.
Obama's is not only trying to destroy capitalism, he also trying to detroy America, just like Bill Maher is. I didn't think cared anymore who knew it.