The Rabbi
Diamond Member
- Sep 16, 2009
- 67,733
- 7,923
1. Obamacare= uncertainty for everyone in America. That is without question.
2. Profit are up largely because the Fed has been pumping almost $100,000,000,000.00 a month into the economy for the last three years. If that stops....bye bye wall street.
No. Profits are up because businesses have been investing in cost savings over increased production. Note that productivity is much higher now, which comes from cutting costs.
There is only so much profit that comes from other than the top line. Additionaly a lot of that profit was generated overseas and cannot be repatriated.
But this has been explained to Billy many times. ANd he keeps bleating the same thing: the stock market is up as are corporate profits. So how can Obama be a failure?
There is no explaining facts to someone who cannot focus on more than one or two metrics.
Hmm how many times has this been explained to me? You're so full of shit.
Also, I never said Obama was the reason corporate profits were up. Try and keep up.
Probably every fucking thread it comes up and you spout off, is how often.
You defend Obama by pointing out corporate profits are up. Don't try to dodge it.