[Q
That was supposed to say "many more" not 5 . How many companies have gone bankrupt because of unions ?
Numerous ones like the steel industry.
GM and Chrysler would have gone bankrupt if the filthy ass government hadn't given them $50 billion. That was because of the UAW. The same bunch of butt pirates that gave hundreds of millions to Obama in 2008.
Many companies didn't go bankrupt but moved their labor out of the US because of bloated union cost. Carrier is the latest example.
Unions, oppressive regulations and high taxation (all championed by stupid Liberals) have destroyed the American economy and that is why we have such dismal economic growth.
SIMPLY THE WORST=> Obama is First President Ever to Not See Single Year of 3% GDP Growth
SIMPLY THE WORST=> Obama is First President Ever to Not See Single Year of 3% GDP Growth
This post illustrates exactly the abject ignorance of the RW media driven narrative and their internet lackeys.
On the one hand they argue against any suggestion of taking any action on wage stagnation or inequity. They hate unions with a passion and wish to see them gone entirely. So what mechanism is left to put upward pressure on wages?
On the other hand they endlessly lament the slow recovery and anemic growth with full throated, red faced diatribes against Obama.
Herein lies the idiocy.
The largest component of the GDP, 70%, is consumer spending. The largest component of consumer spending is wages. Wages alone is 45% of GDP. Just for scope, 90% of consumers in America make less than 100K. So the largest group of Americans make up the largest share of GDP and their personal incomes are not keeping pace with the growth in other components of the GDP. Why are they surprised then that over all growth is only 3%? Obviously stimulating the largest portion of the GDP will yield the largest return. Yet they continue to defend business even though they are directly responsible for wages and corporate profits only account for 12.5% of GDP.
It's a stunning display of how easily their ignorance is used against them by the RW media who hammers these ridiculous ideas into their heads day after day. They have absolutely no critical thinking ability. Trump all the way!
It always amazes me how ignorant Libtards are when it comes to economics. It would be nice if you Moon Bats could take a course in economics one day instead of always spouting ignorant Left talking points.
The best way to stimulate the economy is get the government off the backs of the job producers.
High taxation and oppressive regulations are the major impediments to job creations.
The filthy ass government doesn't produce jackshit. It only takes money that has already been made and spends as directed by the politicians that were elected by special interest groups and that usually produces disastrous results like we saw with Obama's failed Stimulus package and his disastrous Obamacare.
Artificial wages like what is created when the filthy ass government dictates higher wages or protects bloated union wages does nothing to stimulate the economy because the consumer spending by the welfare queens and union pukes is taken from other sources that would have produced other jobs.
Conservatives argue that the way to create wealth is make the economic pie bigger by having less government interference and lower taxation.
Stupid uneducated Liberals thinks that somehow wealth is magically created by dividing up the pie in more equal pieces and that is bullshit. Always has been and always will be. In fact that mindset is the destroyer of economies. Just look at Greece and Venezuela as recent examples.