As of now, I am in control here, in the White House

Obama Instructs a Private Company on How to Run Its Business

We are living in a new nation.

The more government gets into your business, the more it believes it has a right to meddle in your business. And the government, as the government has amply demonstrated, DOESN’T KNOW WHAT IT’S DOING. And it is doing a lot.

Your freedom is being eroded. I nearly wrote slowly eroded, but it doesn’t seem to be very slow anymore.

In his interview with Buzzfeed, President Obama became passionate at the notion that a private business, Staples, was taking steps to adjust its business in response to the costs imposed upon it by the government.

Now we can’t have that, can we? Fire up the IRS! Let’s write a new regulation. Issue an executive order. Wait, too many those, make it a presidential memorandum.

It seems Staples is trying to keep it’s part-time employees – part-time employees, mind you – from getting above the 30-hour threshold that would require Staples to provide health insurance or pay the Obamacare penalty.

Staples, you’ve been warned!

From the interview:

Obama saved his sharpest words Tuesday for American companies that have not entirely embraced the spirit of the Affordable Care Act, his health care overhaul. Under Obamacare, the federal government, beginning last month, requires that companies with 100 or more full-time workers either cover their employees’ health care or pay penalties of $2,000 to $3,000 per employee. The legislation applies to workers who put in at least 30 hours a week — and some companies are now going to great lengths to make sure their part-time workers do not exceed that threshold.

In particular, the office supply giant Staples, BuzzFeed News reported exclusively Monday, has warned workers who put in more than 25 hours a week that they could be fired.

“There is no reason for an employer who is not currently providing health care to their workers to discourage them from either getting health insurance on the job or being able to avail themselves of the Affordable Care Act,” Obama said. “I haven’t looked at Staples stock lately or what the compensation of the CEO is, but I suspect that they could well afford to treat their workers favorably and give them some basic financial security, and if they can’t, then they should be willing to allow those workers to get the Affordable Care Act without cutting wages.”

“It’s one thing when you’ve got a mom-and-pop store who can’t afford to provide paid sick leave or health insurance or minimum wage to workers … but when I hear large corporations that make billions of dollars in profits trying to blame our interest in providing health insurance as an excuse for cutting back workers’ wages, shame on them,” Obama said.

This is Obama at his most emphatic, weaving together his signature policy achievement and economic fairness.

Buzzfeed helpfully adds that Staples CEO Ronald Sargent brought home $10.8 million in total compensation in the year that ended February 1 and the company reported $707 million in profits.

Let’s instruct Obama about the private sector.

First of all IT’S THE PRIVATE SECTOR. NOT THE PUBLIC SECTOR. But that distinction is of course lost on him.

Here’s a homework assignment for the president:

John Locke: Second Treatise of Government

Please click on it and purchase, as I am certain is not currently among your collection, and I get a percentage through my affiliate relationship with Amazon.

Special attention, please, to Chapter V, “Of Property.” Wherein:

As much land as a man tills, plants, improves, cultivates, and can use the product of, so much is his property. He by his labour does, as it were, inclose it from the common.

Secondly, if Ronald Sargent made $10.8 million last year, then that is what his board of directors thinks he is worth. Few people on this planet have the talent, intelligence, discipline, and vision to lead a large corporation. That is why the market – I’m sorry to use terms with which you are unfamiliar – decides their compensation should be BIG.

Because a CEO you pay $10 million who makes $100 million for a company is worth more than a CEO who earns $100,000 and loses $100 million.

And finally, with purchases moving online, Staples is going to close 135 stores this year. Maybe, with his frequent travels, Obama can stop by one of them and escort the former employees out himself.

FREE ROAMING FOR INTERNATIONAL CALLS!
Check out the best international Sim Cards and save up to 80% on your phone calls, go to roaming free sims and travelsim!
Share on FacebookTweet about this on TwitterShare on RedditShare on LinkedInEmail this to someone

39 Responses to Obama Instructs a Private Company on How to Run Its Business

  1. I am sick of all the misinformation coming from this ill informed
    man. I worked for a restaurant company with restaurants from
    coast to coast and it was a common practice for the management to keep a certain number of employees under 25
    hours so they would save on insurance not a nice thing to do
    but nothing new this goes back to 1974 at least from my
    experience in payroll department.

  2. Typical………..you comment against this administration and the power of the U.S. Government is going to brought to bear………..

    True The Vote, Conservative PACS, Sharryl Attkison, James Rosen are great examples………..of course now the FCC is going to take control of the Internet. Websites such as WHD could easily become the next target………..

    • …Sadly I can see WhiteHouseDossier being shut-down over the next two years thanks to the Obama regime & their wanted control of the internet.

    • What a grand idea! He can lead the way in employee compensation and benefits – maybe go ‘union’ from the start. As he pumps more and more of his own sweat and money into the enterprise, he’ll be so grateful to hear that the employees want more.
      Yes, a grand idea.

  3. I keep reading about the millions fed employees owe in back taxes and they’re getting their insurance paid too.

    Obama’s a hypocrite who has to politicize everything because….he….WON.

  4. Let’s compare Sargent’s pay-to-profit ratio with Obama’s overall cost to the nation. If Obama were rated on the same scale, how much money would he OWE this country?

  5. Obama is either an idiot, or he is hoping we are.

    “…I suspect that they could well afford to treat their workers favorably and give them some basic financial security”

    Here’s where the other shoe drops on this idiotic attempt to centralize health care. When the gubmint imposes its horrendously inefficient mechanism into the system, costs skyrocket. Someone has to pay.

    The plan is to try to play the shell game and put the costs on businesses, but it won’t work that way. Businesses will pay employees less and/or charge more for their products (further weakening our international competitiveness). Either way, those minions they duped into voting for them will pay. And pay. And pay.

    The solution is freeing the market more (less government), and encouraging competition. Competition for quality employees and products is the real solution.

  6. ” Government’s view of the economy could be summoned up in a few short phrase’s: If it move’s, tax it. If it keeps moving, regulate it. And if it stop’s moving, subsidize it”
    President Reagan.
    Clearly Obama thinks the same.

  7. And if the CEO took NO pay and they divided his salary up among those 85,000 employees, each of them would get a whopping $127 bucks. Not even enough to pay a month of Obamacare.
    Two more years of this A-hole? God help us.

  8. Staples is striking back, thankfully, calling out Obama for his absurd comment. If I were the CEO of Staples, I’d go on every network and make Obama look like the idiot he really is.

    PS: Keith, this old dog still scrolls DOWN for the comments section. Hard to learn new tricks.

  9. The bottom line for all publicly held corporations is…EARNINGS aka PROFIT. (We won’t get into the ObamaCare ‘non-profit’ hospital lies) CEO’s are beholden to their shareholders to keep their companies profitable. Otherwise, the economic engine of this country would come to a grinding halt.

    Did he ever ask his rich, fat cat donors if they could afford to give insurance to every single employee when he was taking their money? No. He only cared about HIS ‘bottom line”. Profit!

    We have a guy who doesn’t even know what a P/E ratio is. He called it Profit to Earnings instead of Price to Earnings.

    He is too stupid to run a lemonade stand. History books will be filled with ignorant quotes from all of his self-indulgent, self-serving celebrity sit-down interviews. We don’t need to see his grades – we just have to listen to him.

  10. It would be interesting to see Obama’s stock portfolio. Wouldn’t it be a hoot if he owned some shares?? I’d pay big bucks for that to be disclosed.

  11. As of 2:30 central time, I agree with everyone’s comment. Many, many people were let go from their jobs before this crud kicked in.
    OT: Has anyone been getting kicked off, than getting a screen saying internet cannot provide this page?

  12. Alert — OBAMA is becoming JESSE JACKSON. He’s starting now for when he leaves office.

    We’re going to have to put up with him in the role for the rest of our lives!

    • Staples’ Ronald Sargent being lectured by bho is completely absured! The success of Staples is a sheer miracle! The Co should be commended for a plan to keep as many people employed at 30 part-time hours as possible!

      bho is on another of his ‘distract and divide’ campaigns to alienate the citizens and create more disunity ~ his only successes after six+ years!

      While bho is ‘living large’ as you point out on the tax-payers dollars, Ronald Sargent has EARNED every one of his dollars with determination and smart decisions!

      Soon, more JC Penney’s, Sears’ Holdings/K-Mart, Radio Shack, Macy’s and others yet to declare will be closing stores across the nation.

      With HS and College students graduating and needing work along with workers losing their jobs with their companies closing, the crushing economic policies of the WH Adm will continue to contribute to the old Misery Index!

  13. Great article, Keith, Good reference to Locke, as well. Obama’s been programed to despise fair market capitalism, and so here we are. I’d also like to have Obama read Rousseau’s First and Second Dialogues. His head would explode, but he might learn something useful.

    https://www.oneeyedman.net/school-archive/classes/fulltext/www.mala.bc.ca/~johnstoi/rousseau/firstdiscourse.htm

    https://www.oneeyedman.net/school-archive/classes/fulltext/www.mala.bc.ca/~johnstoi/rousseau/seconddiscourse.htm

  14. I believe it was a quote by President Harding. “What we need is less government in business and more business in government.”

    Derek Jeter made $12 million last year.

  15. well for starters, somebody oughta tell this Locke character that he didn’t build that. or in his case, he didn’t till, plant, improve, or cultivate that.

    haha.

    and why is Obama so miffed at Staples? once again, it’s all about him.

    if Staples had announced that it was reducing employees’ hours because of some bill the Republicans had passed, Obama would be fine with that. he doesn’t give a rat’s rear end about the Staples workers, he just doesn’t like people saying “bad things” ( = inconvenient truths) about Obamacare.

  16. How sad, and terrible, that Obama is more passionate on this subject than on the issue of ISIS, their executions and our national security. Not surprising but terribly sad and bad for the next two years and beyond.