Obama used his favorite Chicago thuggery weapon of intimidation successfully to create the mechanism for huge corporate profits while insuring the minimum possible jobs will be available for years to come. The tools he used included the 'possible' future costs of ObamaCare, his passion for a Class War treating some Americans different from others, oppressive regulations and more.
Corporate America responded to Obama in predictable timeliness and fashion. They simply sought to minimize their costs in an effort to compete on a Global basis by providing the most competitive pricing of their products possible.
Most large and followed by medium sized companies created foreign operations, cloned their US operations and then closed the US ventures creating massive layoffs. The exceptions were operations who could NOT leave such as hospitals, government, utilities, etc.
Wisely, these US captive companies looked to technology. They progressively began innovating applications of RFID chips, software driven machines and all possible automation to eliminate labor costs, the most likely cost carrier under ObamaCare, and a ripe target for government bureaucrats. Keep in mind that labor is typically around 60-65% of all costs.
Voila! It worked wonderfully for the former and current American companies! The workers paid Obama's entire price! Some of our more low intelligence liberals ignorantly try to blame the companies themselves and donate a total pass to Obama. That is a great way to urinate up a rope, giving oneself a nice warm and wet feeling while achieving nothing else.
Obama's Die is cast! Obama won his first Class War against high value delivering Americans, and then liked it so much he tried a second dip against the wealthy attached to his Sequestration Law.
Corporations now have low interest rates and Americans do NOT have jobs. Obama's mandate that any fix to his proposed Sequestration Law that he proposed and signed into law must include a double dip at a second Class War failed flat, and left all elements of his Sequestration in place.
Obama has thus delivered a Golden Goose to Global companies profiting from the government printing billions of worthless dollars each and every month driving their stock values ever higher while they also are earning huge profits in Brazil, China, Malaysia, India, and all Emerging nations as well as some in the US.
The share as a percentage of national income of US corporate profits grew to 14.2 percent in the third quarter of 2012. Just FYI that is the largest share of our GDP at any time since 1950.
Meanwhile, the portion of GDP income that went to American based employees was 61.7 percent, and that is near its lowest point since 1966. This shift has progressed during the Obamageddon years that followed the financial crisis and ensuing recession of 2008 and 2009. In the end, corporate earnings rose by an annualized rate of 20.1 percent since the end of 2008, however, disposable income only grew by 1.4 percent annually over the same period, after adjusting for inflation.
These 2013 trends are the very MOST pronounced in a half century! So, while remaining Globally competitive, exactly what alternatives do the remaining American corporations have? Simply stated, the Obama gift that will continue giving forever is that NO American corporation will ever again need as many workers as it did, P.O. (Pre-Obama) to produce higher sales and profits.