Posted on 02/01/2016 7:42:09 AM PST by SeekAndFind
With real GDP growth last year coming in at 2.4%, President Obama has now managed to miss every single growth target he'd set for himself since taking office. If a CEO performed that badly, his reputation would be in ruins.
When Obama came into office, he would often publicly complain about CEOs being paid too much.
"What gets people upset -- and rightfully so -- are executives being rewarded for failure," he said at press conference in early 2009. Later he opined that "the compensation packages that we've seen over the last decade at least have not matched up always to performance."
It's a complaint Democrats have made repeatedly over the years, as though they have a better way than the free market to determine the right compensation package.
But what if we were to hold Obama -- the nation's chief executive -- to his own standard?
At the start of each year, the president's economists forecast economic growth for that year. The number is included in every presidential budget. And every single year, GDP growth has come in below what Obama had projected. Every year.
These weren't just small misses, either. In February 2015, for example, Obama said the economy would grow that year by 3.1%. On Friday, the Bureau of Economic Analysis released the actual result: 2.4%. That works out to a $114.7 billion miss -- or almost $1,000 per household.
Looked at another way, if the economy had performed each year the way Obama said it would, the nation's GDP would be $642 billion bigger than it is today.
And keep in mind that CEO Obama set extremely modest goals for growth -- well below the average of all the economic recoveries since World War II.
(Excerpt) Read more at investors.com ...
With his resume? He wouldn’t even been hired as copier-monitor-third-class.
Depends on what the business of the company was.
If it was ‘Death to America, Inc.’ — he would be getting huge bonuses.
He would be IN JAIL !!!!!
Omoron would be loading trucks, talking about himself all the time and always lying and complaining about how difficult it is to load a truck.
I wish we had a vote of no confidence like in Star Wars.
0bama as a CEO is laughable and pure fiction . .
Well in 2012 I said no POTUS could be re-elected with 8% unemployment (13% actual), $4 gas, surging food prices, trillion dollar deficits, Obamacare, and Benghazi.
America has changed.
Axlegrease and Plouffy could get Charles Manson elected POTUS.
Obozo would be perfect if a company needed an equal opportunity figurehead, pretending to be the CEO!
If he was with Goldman Sachs he would.
Hussein has already been fired from the legal profession. He is no longer a “lawyer”. He surrendered his license back in 2008 in order to escape charges he lied on his bar application.
RE: He surrendered his license back in 2008 in order to escape charges he lied on his bar application.
Could you kindly provide a source ( a link ) for that? Thanks.
Also, if we had a parliamentary system here, he would have been gone in short order.
The only way I see Obama having retained a CEO or Company president job in corporate America is if he were in fact brought in to run the company down and ruin it so certain leading investors could sell short and make a lot of money.
Otherwise...no.
In essence...that is what he had done to the United States.
He’d never have made CEO. He wouldn’t have made it two weeks as the janitor.
“If Obama Were A Company CEO, Would He Still Have His Job?”
Wait, this is a rhetorical question, right?
Probably. The trend over the past 30 years has been to make CEO also the Chairman of the Board. The board decides the fate of the CEO. This is a direct conflict of interest which is contrary to the best interests of the shareholders and, in my opinion, should not be allowed. The only thing it serves is to keeps bad CEOs in place and ensure their compensation is extreme.
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