Obama visits big biz to say he’s helping small biz by pushing policies that help big biz

posted at 7:01 pm on July 30, 2013 by Mary Katharine Ham

Tim Carney notes that, five years into his presidency, President Obama’s speeches about the economy failing the middle and working class sound a lot like indictments of his own record. Obama himself is either honestly or calculatedly oblivious to this, but the facts are the facts:

Obama’s first term, with all its tax hikes, regulations, mandates, subsidies and bailouts, saw stock markets rise, corporate earnings break records and the rich get richer, while median income stagnated and unemployment remained stubbornly high.

Obama rightly calls the last few years “a winner-take-all economy where a few are doing better and better and better, while everybody else just treads water.”

Median household income has fallen by 5 percent since 2009 — when the recession ended and Obama came into office — as the Wall Street Journal pointed out after Obama’s speech. But corporate profits and the stock market keep hitting record highs.

How does Obama think these are points in his favor?

If he’s using this data to prove he’s no Marxist, fine. Point granted. But Obama seems to think that middle-class and working-class stagnation under Obamanomics somehow calls for more Obamanomics.

Today, Obama spoke at an Amazon warehouse. Amazon announced this week that it would add thousands of jobs at its distribution centers in the near future. Great news! Here’s the part that’s galling about Amazon. Back when it was smaller and strictly an online presence, Amazon was staunchly anti-Internet sales tax. When it decided to expand its footprint and get on the ground in many states with these distribution centers, it decided the freedom that allowed it to become a bigger business was just too much for any other up-and-comers to handle (and wouldn’t it be annoying to have to compete with them?). The retailer switched positions to join its former opponent, big, brick-and-mortar Wal-Mart, on the issue. The so-called “Marketplace Fairness Act” is another layer of taxation, another layer of regulation— liberal-approved and Obama-supported.

So, who does it help and who does it hurt? It’s no coincidence that it’s big retailers who back to new tax regulation, which passed the Senate 69-27:

The MFA is anything but fair, because instead of leveling the playing field, it would tilt it decidedly against online retailers, particularly small ones. Brick-and-mortar stores would still have to collect sales taxes only where they are physically present. Online retailers would have to collect sales taxes from the nearly 10,000 sales tax jurisdictions around the country where their customers live. That is not an equal burden.

The big online retailers can handle this burden because they have large corporate accounting departments. Small online retailers like the business that just wants to sell Virginia ham and peanuts to hungry customers around the country would be smothered by the cost of complying
with so many sales taxes. Not to mention that they would be subject to time-consuming and expensive audits from 46 sales tax states, the District of Columbia, U.S. territories and possessions, Puerto Rico, and Native American tribes.

Complexity is a subsidy for those who can afford a lawyer. The new, big Amazon can afford the best. The new, would-be Amazon cannot.

Let’s check out another liberal-approved remedy for the tilted big-guy economy, mentioned in the run-up to Obama’s speech today:

During a meeting earlier this month with members of the Congressional Black Caucus, Rep. Keith Ellison (D-Minn.) said he pressed Obama to issue an executive order requiring federal contractors to provide higher wages.

“He said it’s something that he would take a close look at,” said Ellison, the co-chairman of the Congressional Progressive Caucus. “He should seriously look at doing that because he might be able to help a whole bunch of workers.”

Again, who does this hurt and who does it help? Who could withstand an arbitrary hike in the wages they’re required to pay employees? Well-connected, large contractors with established, lucrative government contracts or a small business that would like to break into the market for government contracts?

But hey, it’s not like there’s any record of well-connected Obama donors and bundlers getting lavish government contracts, plum jobs, great pub, and loans for dubious business endeavors in the guise of stimulus. I’m sure they’re all looking forward to the next influx of stimulating cash from the rest of us. This is, of course, an inherent problem of big, crony government, not just Obama, but his deep commitment to business as usual (and then some) while simultaneously calling it beautiful and transformative is remarkable.

Obama often emphasizes that “playing by the rules” should get you a fair shake and a chance to get ahead in this country. The pitch is meant for the middle and working class, but his rules, in practice, are rigged against them.

Update: Guy Benson on how the “grand bargain” is neither grand nor a bargain. Discuss.


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Does anyone still listen to Obama anymore?

He is making it up on the fly.

Presidentin’ seems to be above his pay grade.

coldwarrior on July 30, 2013 at 7:10 PM

Obama doesn’t seem to know his own head from his own ass.

VorDaj on July 30, 2013 at 7:11 PM

Can Amazon’s awesome shipping dept. just send this doofus back to Indonesia….

hillsoftx on July 30, 2013 at 7:11 PM

I ain’t lyin’! I never lie! I got the economy comin’ roarin’ back! I practically saved the world! I’m the greatest president since Lincoln, the smartest chief executive since Jefferson, the smoothest leader since Clinton and the coolest one since … well, there ain’t been one so cool as Barack Hussein Obama, has there?! (pause for laughter and applause by drones) All our problems are caused by Republicans! Obamacare will give every America a boost! Now I gotta go. Martha’s Vineyard needs some savin’ too! (More laughter) Vaya con dios! And let’s legalize 50 million undocumented American before the 2014 elections, right!? (more applause and cheers) Coz I need the help in Congress! Forward!!!

profitsbeard on July 30, 2013 at 7:16 PM

I’ll collect sales tax for Detroit next time I sell a pair of my smelly underwear on ebay to a Detroit’r and Detroit Sanitation shows up to collect my garbage 900 miles away

roflmmfao

donabernathy on July 30, 2013 at 7:18 PM

Tim Carney notes that, five years into his presidency, President Obama’s speeches about the economy failing the middle and working class sound a lot like indictments of his own record.

Wow! Given the media coverage, I thought I was the only one who noticed that.

Despite massive spending on “investments” during the first four years. Despite cash for clunkers, green energy stimulus, and all the rest….. we need to finally do something about this crappy Bush economy. Even though we did in spades.

This rat-eared bastard is running out of steam when it comes to ruining the economy.

Happy Nomad on July 30, 2013 at 7:19 PM

Amazon announced this week that it would add thousands of jobs at its distribution centers in the near future. Great news! Here’s the part that’s galling about Amazon. Back when it was smaller and strictly an online presence, Amazon was staunchly anti-Internet sales tax.

One of those new centers is being built just a few miles away from me –AND– I noticed the sales tax on my new running shoes I bought from Zappos (accessed through Amazon). *gasp*

ted c on July 30, 2013 at 7:19 PM

Can Amazon’s awesome shipping dept. just send this doofus back to Indonesia….

hillsoftx on July 30, 2013 at 7:11 PM

WITHOUT the label for returns.

Happy Nomad on July 30, 2013 at 7:20 PM

just rhetorical theatrics…

ted c on July 30, 2013 at 7:21 PM

Today, Obama spoke at an Amazon warehouse.

Which Amzaon didn’t build themselves of course. Let’s be perfectly clear.

Dr. ZhivBlago on July 30, 2013 at 7:22 PM

During a meeting earlier this month with members of the Congressional Black Caucus, Rep. Keith Ellison (D-Minn.) said he pressed Obama to issue an executive order requiring federal contractors to provide higher wages.

When will Rep Keith Ellison ever do the right thing and stand up for America?

We need an Obamanation Proclamation condemning Germany for bombing Pearl Harbour in 1941. Stat.

Resist We Much on July 30, 2013 at 7:24 PM

Obama often emphasizes that “playing by the rules” should get you a fair shake and a chance to get ahead in this country. The pitch is meant for the middle and working class, but his rules, in practice, are rigged against them.
————————–

Yawn,the NeverEnding Demonizational Speechy Tour!!

canopfor on July 30, 2013 at 7:25 PM

just rhetorical theatrics…

ted c on July 30, 2013 at 7:21 PM

ted c:Exactly,it………………..

Never Ends!!

canopfor on July 30, 2013 at 7:26 PM

Speaking of Hopey/Changeys hard work of Speechifying!

Obamas to stay at $7.6MILLION Martha’s Vineyard mansion with 75 rooms booked for staff (and yes, there are plenty of golf courses nearby)
*******
*******

Staff staying at hotels with rooms ranging in price from $225 to $345 per night
Normally stay at $21 million mansion but it was unavailable
Air Force One costs $180,000 PER HOUR to operate
Full vacation cost to taxpayers will likely top $2 million

By David Martosko In Washington

PUBLISHED: 16:48 GMT, 29 July 2013
**********************************

Read more: http://www.dailymail.co.uk/news/article-2380901/Obama-family-slum-7-6-MILLION-vacation-paradise-usual-21-million-digs-unavailable-August-holiday.html#ixzz2aZgLKLOi

http://www.dailymail.co.uk/news/article-2380901/Obama-family-slum-7-6-MILLION-vacation-paradise-usual-21-million-digs-unavailable-August-holiday.html

canopfor on July 30, 2013 at 7:30 PM

Fascist.

Gingotts on July 30, 2013 at 7:33 PM

Big Business needs Big Government to crush its upstart competition so it doesn’t have to, well, compete.

Update: Guy Benson on how the “grand bargain” is neither grand nor a bargain. Discuss.

The broader corporate income tax would still be the highest in the industrialized world, and the “preferred” (i.e. unionized) manufacturing income tax rate would still be tied for the highest. Worse is this sentence from Reuters via Guy:

The new twist is that in exchange for his support for a corporate tax reduction, he wants money generated by the tax overhaul to be used on a mix of proposals such as funding infrastructure projects like repairing roads and bridges, improving education at community colleges, and promoting manufacturing, senior administration officials said.

Revenue-neutral this isn’t. Hell, it’s not even designed to help government at large; rather, it’s a massive payoff to his union buddies.

Steve Eggleston on July 30, 2013 at 7:36 PM

The Dems have been the party of the rich for decades.

Look at voting patterns by class, campaign donation amounts, or any other indicator of who supports whom.

itsnotaboutme on July 30, 2013 at 7:36 PM

Let’s not forget Obama’s proposal that big business tax rate of 28 percent while small businesses get soaked at 40 percent.

http://www.weeklystandard.com/blogs/obama-top-tax-rate-should-be-28-corporations-40-small-business_742312.html

TulsAmerican on July 30, 2013 at 7:37 PM

Anyone want their blood pressure to skyrocket? Click here
http://www.nationaljournal.com/congress/inside-boehner-s-strategy-to-slow-walk-immigration-to-the-finish-line-20130730

AmeriCuda on July 30, 2013 at 7:37 PM

Obama doesn’t seem to know his own head from his own ass.

VorDaj on July 30, 2013 at 7:11 PM

…because they are one and the same.

KOOLAID2 on July 30, 2013 at 7:39 PM

I should correct the record – that ranking is in combination with the average state rate.

Steve Eggleston on July 30, 2013 at 7:41 PM

Every paragraph of this post astounds me. Heck, every day of this regime astounds me.

MTF on July 30, 2013 at 7:41 PM

You suck, Obama.
Visit that!

HornetSting on July 30, 2013 at 7:49 PM

I should be anorexic because every time I hear him or see him or even see a story about him, I wanna puke.

crosshugger on July 30, 2013 at 7:50 PM

How are liquor stores doing since Obama has been in office….

crosshugger on July 30, 2013 at 7:51 PM

He is the DOTUS…….completely, totally, 100% sold out.

…..and yet the dead party (gop) can’t defund the disaster with his name on it????

The republicans REALLY don’t care about this country’s citizens if they can’t DEFUND OBAMACARE!!!

Talk about stopping a job killer!

DO IT gop……DEFUND!!!!

PappyD61 on July 30, 2013 at 7:56 PM

Shut up, already.

I’m so sick of this idiot.

Hill60 on July 30, 2013 at 7:58 PM

The Progressives in our country want the vast majority of us to be out of the business of running our own (small) businesses.

They want us all to be employees, so we can be controlled more easily.

listens2glenn on July 30, 2013 at 8:08 PM

Either Obama is evil or clueless.

He thinks that running a business is like running a campaign. You need more money? You go ask someone to give it to you. The concept of how wealth is actually created is outside his experience.

ProfShadow on July 30, 2013 at 8:12 PM

Stew The Republican Rabbits

Resist We Much on July 30, 2013 at 7:57 PM

.

Kill the wabbit ?

listens2glenn on July 30, 2013 at 8:13 PM

You suck, Obama.
Visit that!

HornetSting on July 30, 2013 at 7:49 PM

Nice to see you back, ‘sting!

massrighty on July 30, 2013 at 8:16 PM

i think what we are seeing is a bidding war for Big Business. They’ll go for the bucks like everyone else. So the prog Rs are pushing amnesty to try to out bid barry…but barry has the power, and a few tricks ($$$) up his sleeve.

so the Left will outbid the Rs every time, for every group. Watch it, Rs…you are being run out of town and too dumb to know it…think elephants run over a cliff. Not a pretty sight

r keller on July 30, 2013 at 8:24 PM

The Progressives in our country want the vast majority of us to be out of the business of running our own (small) businesses.

They want us all to be employees, so we can be controlled more easily.

listens2glenn on July 30, 2013 at 8:08 PM

And their corporate rent-seekers who think this is a swell deal for them will find out down the road what the Italian corporations under Mussolini learned.

Namely, that when the thousands of small businesses are gone, either destroyed or absorbed by a few big ones with the government’s help, it’s a lot easier for the government to turn around and nationalize everything.

They think they have a crony capitalist “sweetheart deal”. Wait until they find out The One has been working from the syndicalist socialist playbook the whole time.

Anybody for some really bad, government-issue chianti?

clear ether

eon

eon on July 30, 2013 at 8:29 PM

Kill the wabbit ?

listens2glenn on July 30, 2013 at 8:13 PM

Ozzie Fudd – is that you???

dentarthurdent on July 30, 2013 at 8:41 PM

You suck, Obama.
Visit that!

HornetSting on July 30, 2013 at 7:49 PM

HornetSting:

And,you can take that to the bank,
and,… StingEtte,good to see ya——————–:O

canopfor on July 30, 2013 at 8:43 PM

Kill the wabbit ?

listens2glenn on July 30, 2013 at 8:13 PM

Ozzie Fudd – is that you???

dentarthurdent on July 30, 2013 at 8:41 PM

dentarthurdent:———————-:)
========================================

Aussie/Ozzy Fudd The Rabbit Slayer (Kill Da Wabbit)
***************************************************

http://www.youtube.com/watch?v=V-fk6943GcI

canopfor on July 30, 2013 at 8:46 PM

http://www.youtube.com/watch?v=V-fk6943GcI

canopfor on July 30, 2013 at 8:46 PM

Yup – love it!!!

dentarthurdent on July 30, 2013 at 8:57 PM

Have you ever experienced a bigger buffoon on the world stage, ever?

Are you not ashamed that this oaf is your president?

Schadenfreude on July 30, 2013 at 9:17 PM

Obama visits big biz to say he’s helping small biz by pushing policies that help big biz

LOLWUT????

UltimateBob on July 30, 2013 at 9:18 PM

http://www.youtube.com/watch?v=V-fk6943GcI

canopfor on July 30, 2013 at 8:46 PM

Yup – love it!!!

dentarthurdent on July 30, 2013 at 8:57 PM

dentarthurdent:——————-:0

canopfor on July 30, 2013 at 9:22 PM

Obama visits big biz to say he’s helping small biz by pushing policies that help big biz

The policies of the Democratic Socialists:
1) Drive small businesses out of business
2) Have government play an increasing role in (if not outright takeover, a la GM) big businesses.

When everyone works for either the government or a big business which is tightly controlled by the government, then the government effectively controls your paycheck, and when threatened with losing their job, most people will do whatever their boss tells them to do.

Everyone becomes a slave to the government.

ITguy on July 30, 2013 at 11:51 PM

Tim Carney notes that, five years into his presidency, President Obama’s speeches about the economy failing the middle and working class sound a lot like indictments of his own record. Obama himself is either honestly or calculatedly oblivious to this, but the facts are the facts:

Reagan vs. Obama, Employment-Population Ratio

ITguy on July 30, 2013 at 11:54 PM

This President/King is blowing smoke!! Give the Keystone the go ahead and let America find out if it isn’t creating jobs! Just like your Sequester fear mongering it didn’t create the havoc King Obama shouted. We need jobs and that pipeline!!

karlinsync on July 31, 2013 at 9:28 AM