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| Watch the video of speech |
"If we're fighting to reform the tax code and increase exports, the benefits cannot just translate into greater profits and bonuses for those at the top. They have to be shared by American workers, who need to know that opening markets will lift their standard of living as well as your bottom line," President Obama told the Chamber of Commerce on Monday morning.
President Obama stood before the US Chamber of Commerce and told the owners of businesses across America they needed to share their profits with their employees.
1. What he didn't say is that the employee doesn't participate in the financial burden of starting a business or keeping it solvent.
2. He didn't say the employer is the one responsible for following all of the government red tape required to start a business, follow all government regulation. i.e. Filing and paying taxes, federal and state.
3. Nor did he say the company takes all the risk
a. Major companies have a profit sharing plan
b. Provide incentives
c. Health Plans
d. Paid Vacation
e. Sick Days
f. Performance reviews and compensation based on review
g. Pay half into your social security account
h. Retirement plans
i. Some have child care centers
j. Required to give breaks and lunch periods/owners don't always get that time
k. Flexible work hours
l. Some companies have non-profit cafeteria's
m. Personal days off with pay
n. Responsible for all equipment and maintenance
Then Obama doesn't have a clue what it takes to stay in business, he's never run a hot dog stand. be
