Obama: Corporate Profits "Have To Be Shared By American Workers".
Don't American workers already automatically benefit by working for profitable, successful American companies? Don't more workers usually get hired -- the greatest of all possible benefits for an out-of-work worker -- and don't the productive workers who are already there have increased job security -- a benefit if ever there was one -- along with the possibility of pay increases and likelihood of increased job opportunities? I mean, doesn't this already happen without the chiding of a President?
Or is Obama just playing to the Marxist crowd?
But, let's play along with this idea. If corporate profits must be shared by American workers, what about losses? In bad years, should corporations get to send their workers a bill to help make up for the losses?
Was this the attitude of the Ontario UAW when the auto industry hit its slump? Wasn't it more like, "when profits are up, we deserve our fair share", but, "when profits are down, it's not our fault and not our problem".
Wasn't that in effect what the UAW reps said?
The recent episode where Obama denied the moral and legal rights of GM shareholders in favour of bestowing uncalled for if not illegal financial benefits on unionized workers was an appalling, appalling example of politically-motivated opportunistic favouritism. The shareholders and the small feeder companies got wrecked while the big unionized workers got lucky.
And this Obama favouritism thing -- which seems to be the cynically defining characteristic of his presidency -- seems to have no sign of ending anytime soon.
I hope this man turns things around and has a good final two years; but, so far, I don't see it happening.