Wednesday, February 11, 2015

Stop eating up the overhead with profits, sez Barack

Back in 2009 our Master-in-Chief of the Universe informed us about, the overhead that gets eaten up at private companies by profits. Providing the country with evidence that he really was behind enemy lines before he became a community organizer. Now we get even more proof of his business/economics acumen;
“It’s one thing when you’ve got a mom-and-pop store who can’t afford to provide paid sick leave or health insurance or minimum wage to workers  but when I hear large corporations that make billions of dollars in profits trying to blame our interest in providing health insurance as an excuse for cutting back workers’ wages, shame on them,” Obama said in an interview with BuzzFeed.
Obama apparently being set off by;
Staples, the No. 1 U.S. office supplies retailer, has told its employees not to work more than 25 hours per week, according to a Buzzfeed report on Monday.
Who responded somewhat testily;
“Unfortunately, the president appears not to have all the facts,” Staples spokesman Kirk Saville said in a statement. “It’s unfortunate that the president is attacking a company that provides more than 85,000 jobs and is a major tax payer.”
Nor, even worse, does he have the theory down pat.

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