The answer to your question is yes.
That does not mean he made them more profitable as a general statement.
He would have increased their bottom line via this action.
But that could be (and has been show to be in many cases) offset by other actions.
The net of which is making them less profitable.
You know the difference and it is unfortunate that you conduct yourself in such a dishonest fashion.
How ******* dumb can you be??? If he reduced payroll taxes, he decreased their operating costs, and thus increased their profits. Nothing Obama did decreased their profits. He inherited an economy that was on the abyss, and stopped us from going into a full scale depression. Letting the banks fail, letting a strategic industry fail, letting foreclosures continue on it's path of acceleration would have destroyed our economy. Lets just say that Obama saved capitalism.
Is this what you call debating on facts ?
I agreed that reducing payroll taxes added to the bottom line.
Nothing Obama did decreased their profits ????? You have to be kidding.
I can tell you firsthand that the company I work for sat on over a billion dollars in cash they had planned for reinvestment specifically because of uncertainty around his policies.
There were specific places we wanted to go.
Additionally, the market weeded out some of our competitors. Uncertainty on our part allowed some overseas companies to capture some of the dispersion. That was our fault. I guess you could say Obama helped the bottom line of several foreign companies.
The claim about the depression is an article of faith. You can never prove it. It is just a talking point.
The housing market needed to correct. How do you think today's young generation was going to afford housing...they could not. Prices are going to come down. It is inevitable. The government just helped push prices up before the correction occured making it look worse.
Everything they touch pretty much turns to crap.
BTW: what do you think happens long term with the reduction is payroll taxes not feeding the trust fund ?