Is America really this stupid?

[mstng86]

I don't even have to read the article.

But

Obama's critics will no doubt hear in this an excuse for his stymied agenda and limp approval ratings, but that's not the point. The fact is that it's always hard to assign credit or blame for conditions in the country to any president at any one time; the lines demarcating one presidency from the next are like arbitrary and porous borders, freely traversed by longer-term trends that don't neatly conform to the timelines of our elections.

[CJ]

I read the article. It's liberals whining about how Obama is so unfortunate to have inherited all the terrible problems Bush caused, essentially. It paints Obama as the victim.

[Ruffdaddy]

Just like profit margins. You can figure the margin based on manufacturing costs vs selling price and have a good 25% margin or you can take a real number and look at lost/damaged cores, warehousing, packaging, shipping, warranty and figure out it's really more like 10%. Then factor in R&D, maintenance on the equipment, marketing, legal, etc... and you might be lucky to scrape by at 5%. Which is where it doesn't really make sense to even be in business, just throw money into the bond market.

Obviously you can improve on all of these by streamlining production, concentrating on higher profit parts with lower failure rates and cheaper cores, cutting warranty costs by improving production quality, outsourcing production, etc...

Total side track alert:

That's an extreme oversimplification...in business you can scale up so that 5% becomes a much higher overall value. Simply buying bonds may compound, but to doesn't allow you to grow at the same rate as a business.

If a business increases revenue 20% YoY, and maintains a 5% profit margin...you're way better off.

[slow99]

Don't even get me started, lmao.

[big_tiger]

But

Obama's critics will no doubt hear in this an excuse for his stymied agenda and limp approval ratings, but that's not the point. The fact is that it's always hard to assign credit or blame for conditions in the country to any president at any one time; the lines demarcating one presidency from the next are like arbitrary and porous borders, freely traversed by longer-term trends that don't neatly conform to the timelines of our elections.

True, but six years into the job, if he was worth a shit, things would on the upside and not needing to hide stats.

[CJ]

It's only hard to assign credit or blame if you're a democrat. If you're a republican it's extremely easy to assign credit and blame.

[mstng86]

And did we tell you the name of the game, boys. they call it riding the blame gaaaaaame.

[Ruffdaddy]

Don't even get me started, lmao.

Get started son!!! This ain't a spectator sport!

[slow99]

Get started son!!! This ain't a spectator sport!

I have work to do!

[jw33]

The next financial crisis will be exciting. Another mortgage scheme, huge spike in the price of oil, a 401K scandal?????

[racrguy]

I knew you'd come around.

All it took was some more trolling for it to finally take effect. The power of christ compels me.

[DON SVO]

All it took was some more trolling for it to finally take effect. The power of christ compels me.

Hallelujah!

[GhostTX]

But

Obama's critics will no doubt hear in this an excuse for his stymied agenda and limp approval ratings, but that's not the point. The fact is that it's always hard to assign credit or blame for conditions in the country to any president at any one time; the lines demarcating one presidency from the next are like arbitrary and porous borders, freely traversed by longer-term trends that don't neatly conform to the timelines of our elections.

Oh BS. They're quick to blame Bush for the economy when Carter and Clinton put all the wheels in motion with Fannie and Freddie Mac.

True, but six years into the job, if he was worth a shit, things would on the upside and not needing to hide stats.

This. He, Obama, hasn't done anything to fix, he's just exasperated the problems.

It's only hard to assign credit or blame if you're a democrat. If you're a republican it's extremely easy to assign credit and blame.

Ding!

[Sean88gt]

The next financial crisis will be exciting. Another mortgage scheme, huge spike in the price of oil, a 401K scandal?????

Don't forget student loans and a very high likelihood of massive credit card defaults, because keeping up with the Joneses requires plastic.

[racrguy]

Hallelujah!

Amen, brother!