Obama's Class Warfare May Backfire as Big Business and Workers Team Up

[WillowTree]

Barack Obama has spent much of his presidency attacking the rich and berating businesses for not hiring more workers. But many businesses aren’t hiring because they see an uncertain future with a President who at best doesn’t understand business and at worst is at war with capitalism.

The headlines tell us that the unemployment rate in November fell to 8.6%, its lowest level in more than two years. But, as with much in the Age of Obama, the devil is in the details. The primary reason for the drop is that more than 300,000 Americans ceased looking for work altogether last month—more than twice the number who actually got jobs. (Just think: Unemployment could go to zero if those pesky unemployed folks would just drop out of the job hunt.)

These are people who perhaps understand better than Obama that economic recovery entails more than companies simply “step[ping] up” to hire new workers, as Obama admonished CEOs to do last May.

Last week, Leon Cooperman, CEO of Omega Advisors, a hedge fund, sent Obama a blistering open letter, criticizing the President’s “desperate demagoguery” against job creators. “Capitalism is not the source of our problems, as an economy or as a society,” Cooperman wrote before reminding Obama:

“As a group, [capitalists] employ many millions of taxpaying people, pay their salaries, provide them with health care coverage, start new companies, found new industries, create new products, fill store shelves at Christmas, and keep the wheels of commerce and progress (and indeed of government, by generating the income whose taxation funds it) moving.”









Obama's Class Warfare May Backfire as Big Business and Workers Team Up - HUMAN EVENTS

 

[Jackson]

Barack Obama has spent much of his presidency attacking the rich and berating businesses for not hiring more workers. But many businesses aren’t hiring because they see an uncertain future with a President who at best doesn’t understand business and at worst is at war with capitalism.

The headlines tell us that the unemployment rate in November fell to 8.6%, its lowest level in more than two years. But, as with much in the Age of Obama, the devil is in the details. The primary reason for the drop is that more than 300,000 Americans ceased looking for work altogether last month—more than twice the number who actually got jobs. (Just think: Unemployment could go to zero if those pesky unemployed folks would just drop out of the job hunt.)

These are people who perhaps understand better than Obama that economic recovery entails more than companies simply “step[ping] up” to hire new workers, as Obama admonished CEOs to do last May.

Last week, Leon Cooperman, CEO of Omega Advisors, a hedge fund, sent Obama a blistering open letter, criticizing the President’s “desperate demagoguery” against job creators. “Capitalism is not the source of our problems, as an economy or as a society,” Cooperman wrote before reminding Obama:

“As a group, [capitalists] employ many millions of taxpaying people, pay their salaries, provide them with health care coverage, start new companies, found new industries, create new products, fill store shelves at Christmas, and keep the wheels of commerce and progress (and indeed of government, by generating the income whose taxation funds it) moving.”









Obama's Class Warfare May Backfire as Big Business and Workers Team Up - HUMAN EVENTS

Thank you for this post. It made great points.

 

[Dot Com]

Barack Obama has spent much of his presidency attacking the rich and berating businesses for not hiring more workers. But many businesses aren’t hiring because they see an uncertain future with a President who at best doesn’t understand business and at worst is at war with capitalism.

The headlines tell us that the unemployment rate in November fell to 8.6%, its lowest level in more than two years. But, as with much in the Age of Obama, the devil is in the details. The primary reason for the drop is that more than 300,000 Americans ceased looking for work altogether last month—more than twice the number who actually got jobs. (Just think: Unemployment could go to zero if those pesky unemployed folks would just drop out of the job hunt.)

These are people who perhaps understand better than Obama that economic recovery entails more than companies simply “step[ping] up” to hire new workers, as Obama admonished CEOs to do last May.

Last week, Leon Cooperman, CEO of Omega Advisors, a hedge fund, sent Obama a blistering open letter, criticizing the President’s “desperate demagoguery” against job creators. “Capitalism is not the source of our problems, as an economy or as a society,” Cooperman wrote before reminding Obama:

“As a group, [capitalists] employ many millions of taxpaying people, pay their salaries, provide them with health care coverage, start new companies, found new industries, create new products, fill store shelves at Christmas, and keep the wheels of commerce and progress (and indeed of government, by generating the income whose taxation funds it) moving.”

Obama's Class Warfare May Backfire as Big Business and Workers Team Up - HUMAN EVENTS

Thank you for this post. It made great points.

Its not a "post" its a "cut n' paste" from an website that apparently has Pat Buchanan & Anne Coulter as contributors The saving grace from Coulter is she endorsed Homocon 2010

» GOProud Announces Ann Coulter to Headline Homocon 2010 in New York City

and she asked Liz Cheney & Turd Blossom to resign

Coulter: Liz Cheney and Bill Kristol Must Resign | FrumForum

 

[WillowTree]

 

[Dot Com]

You're alright by me WillowTree I just think you got sidetracked somewhere's along the way and ended up supporting the wrong ideology

 

[WillowTree]

 

[Dot Com]

There's prolly still hope for you Just go to the light

 

[TheDecepticon]

You mean like how Cooper tires asked for and GOT cuts from their unions, to make more than 100 million in profits for the last 3 years and now are hiring SCAB workers to replace the union ones all while management took huge bonuses for being so clever?

 

[Dot Com]

 

[Steelplate]

The rights' class warfare WILL backfire because hundreds of Millions of workers are fed up with being marginalized and expendable to suit corporate whims and profiteering.

Hey... BTW... just out of curiosity....

Why is a sin to tax Corporations and the ultra wealthy as "wealth distribution", but it's OK for Corporations and their ultra wealthy executives to decide how much an employee is worth?

Why is one class warfare and the other not? Why is it OK for Business to have the freedom to move their operations overseas, keep the money over their and effectively evade taxes, but it's not OK for workers to organize?

The only freedoms you guys care about is the freedoms of the rich. Everyone else has no freedoms... Oh yeah... I forgot... the old tired mantra of... "if you work hard, you can be rich too!" Yep... we'll all be millionaires someday... except those that aren't... but fuck them.. they're worthless.

 

[konradv]

Barack Obama has spent much of his presidency attacking the rich and berating businesses for not hiring more workers. But many businesses aren’t hiring because they see an uncertain future with a President who at best doesn’t understand business and at worst is at war with capitalism.

The headlines tell us that the unemployment rate in November fell to 8.6%, its lowest level in more than two years. But, as with much in the Age of Obama, the devil is in the details. The primary reason for the drop is that more than 300,000 Americans ceased looking for work altogether last month—more than twice the number who actually got jobs. (Just think: Unemployment could go to zero if those pesky unemployed folks would just drop out of the job hunt.)

These are people who perhaps understand better than Obama that economic recovery entails more than companies simply “step[ping] up” to hire new workers, as Obama admonished CEOs to do last May.

Last week, Leon Cooperman, CEO of Omega Advisors, a hedge fund, sent Obama a blistering open letter, criticizing the President’s “desperate demagoguery” against job creators. “Capitalism is not the source of our problems, as an economy or as a society,” Cooperman wrote before reminding Obama:

“As a group, [capitalists] employ many millions of taxpaying people, pay their salaries, provide them with health care coverage, start new companies, found new industries, create new products, fill store shelves at Christmas, and keep the wheels of commerce and progress (and indeed of government, by generating the income whose taxation funds it) moving.”

Obama's Class Warfare May Backfire as Big Business and Workers Team Up - HUMAN EVENTS

Hype!

 

[Dragon]

I notice that that article didn't actually present any evidence that big business and labor ARE teaming up. It only presented right-wing ideological reasons why they SHOULD team up. Which is hardly the same thing.

 

[rightwinger]

Obama is setting himself up as a proponent for the middle class while the GOP fights tooth and nail to protect the wealthy

Firm political strategy

 

[Oldstyle]

Obama is setting himself up as a proponent for the middle class while the GOP fights tooth and nail to protect the wealthy

Firm political strategy

Gee, Winger...instead of setting himself up with a "political strategy"...do you think the guy might actually try being President and fixing what's wrong with the country?

 

[Claudette]

Obama is setting himself up as a proponent for the middle class while the GOP fights tooth and nail to protect the wealthy

Firm political strategy

Gee, Winger...instead of setting himself up with a "political strategy"...do you think the guy might actually try being President and fixing what's wrong with the country?

He's to much of a left wing ideologue to admit that his polices don't work. He also doesn't appear to be smart enough to look back in history and see what does work and copy like a bastard.

 

[rightwinger]

Obama is setting himself up as a proponent for the middle class while the GOP fights tooth and nail to protect the wealthy

Firm political strategy

Gee, Winger...instead of setting himself up with a "political strategy"...do you think the guy might actually try being President and fixing what's wrong with the country?

He's to much of a left wing ideologue to admit that his polices don't work. He also doesn't appear to be smart enough to look back in history and see what does work and copy like a bastard.

Yea.....

Obama needs to kneel at the alter of "Trickle Down"

 

[OohPooPahDoo]

Barack Obama has spent much of his presidency attacking the rich and berating businesses for not hiring more workers. But many businesses aren’t hiring because they see an uncertain future with a President who at best doesn’t understand business and at worst is at war with capitalism.

Right. I'm sure it has NOTHING to do with lack of demand.

Last week, Leon Cooperman, CEO of Omega Advisors, a hedge fund, sent Obama a blistering open letter, criticizing the President’s “desperate demagoguery” against job creators. “Capitalism is not the source of our problems, as an economy or as a society,” Cooperman wrote before reminding Obama:

Wow - really - a CEO sent the President an angry letter? Nahhh! NO WAY!!!! Hey why don't we just let the wealthy decide what their taxes should be? And at the end of every quarter we can sacrifice a virgin for them.

 

[skipper]

Why are we reading about a Hedge Fund CEO talking about employing many millions of taxpaying people? Is he an expert with his ‘very small’ cadre of elite specialized workers?

 

[Oldstyle]

Gee, Winger...instead of setting himself up with a "political strategy"...do you think the guy might actually try being President and fixing what's wrong with the country?

He's to much of a left wing ideologue to admit that his polices don't work. He also doesn't appear to be smart enough to look back in history and see what does work and copy like a bastard.

Yea.....

Obama needs to kneel at the alter of "Trickle Down"

He needs to present us with solutions rather than point fingers and try and blame the country's problems on someone else. If memory serves, Barack Obama said he HAD solutions before he took the job. So where are they?