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Live From WalMart, Obama Discusses Minimum Wage In The Heart Of Silicon Valley - Live Feed

Tyler Durden's picture


In perhaps the most ironic telepromptering ever, President Obama is visiting a WalMart in the heart of the West Coast money bubble today - after attending a number of multi-thousand-dollar-per-plate fund-raisers in the last 24 hours - and intends to discuss minimum wage in Mountain View today (among the Maseratis and Lambos). As Walmart Pres & CEO Bill Simon notes, its the first time a sitting US President has visited a Walmart.



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Fri, 05/09/2014 - 12:58 | 4743851 Yen Cross
Yen Cross's picture

   I think TOTUS missed his calling as "Walmart Greeter in Chief"...

Fri, 05/09/2014 - 12:59 | 4743867 svayambhu108
svayambhu108's picture

His mouth is promiscuous

Fri, 05/09/2014 - 13:01 | 4743878 economics9698
economics9698's picture

The dumbass has no clue what inflation is and what it does to wages.  Fucking Harvard retard.

Fri, 05/09/2014 - 13:06 | 4743912 Oh regional Indian
Oh regional Indian's picture

What a nauseating propaganda song after he was done....crazy.

Anyone notice the baby being held up for a hopeful baptism by some clue-less daddy-o!

Whut a wurld...



Fri, 05/09/2014 - 13:26 | 4744008 RevRex
RevRex's picture

Fuck that filthy, lying, racist, communist pile of dogshit!


I'd also like to thank of the Liberatrian Voters who ensured Obama's two victories, by not voting, or voting for someone like Ron Paul, who was not even on the ballot.

Obama would not be President w/o YOU!

Fri, 05/09/2014 - 13:29 | 4744021 pods
pods's picture

Maybe in your perfect world you could FORCE us to vote for (in your opinion) the better puppet?


Fri, 05/09/2014 - 13:41 | 4744077 Pure Evil
Pure Evil's picture

In my world, I prefer the greater of two evils.

Choosing the lesser of two evils is like coming in 2nd at the Indy 500.

Fri, 05/09/2014 - 13:44 | 4744087 NotApplicable
NotApplicable's picture

Same here. I much prefer the wolves look like wolves, rather than sheep.

Fri, 05/09/2014 - 14:12 | 4744196 NihilistZero
NihilistZero's picture

May the bloody cunt above RevRex die in a fire.  The outright stupidity of the GOPers is astonishing.  Yes, 2 terms of McCain or 1 of Mitt Romney would have us on a better trajectory, I'm sure... /sarc

Ron Paul voters have not only principles, but the vision to see the dog and pony sho for what it is.  The cunt above posses neither.

I's be less irriteated if he was just troling.  But I'm sure he's a true believer in the valant struggle of John BONEr and Mitch McFucktard to save us from those evil socialists while taking every kickback imaginable.

Seriously, fuck you revRex.

Fri, 05/09/2014 - 14:32 | 4744293 sleigher
sleigher's picture

+1000   At least someone is trying to break this false left right paradigm.  Will never happen without Ron Paul voters.  I voted for Gary though..

Fri, 05/09/2014 - 14:56 | 4744391 Greenskeeper_Carl
Greenskeeper_Carl's picture

i did too. I was a ron paul supporter the whole time, still am, and up until shortly before the polls closed i was on the fence between not voting at all, writing in ron paul, or voting for gary johnson. In the end, I voted for gary because he was actually on the ballot, and the the way my states voting laws handle write ins, a write in for ron paul wouldn't even be counted. Since it would go unnoticed, i voted for gary just to say no to both parties. And there was a push towards the end to get 1 mil LP voters, which i thought would help send a message that we the people are fed up with both sides, and the false left right paradigm is not working on us any more. And you are corect, the GOP will not win another major election without the majority of Ron Pual supporters, and since most of us will never vote for a mccain or romney, they can't win when they put people like that up. Although I think those at the very top of the republican party would rather see obama or billary win than RP, since they do pretty much the same shit anyway, although they obviosly would never admit this. He was the only person polled to beat obama in a general election, since he funneled away so many independents and those on the left who are very anti-war, but they went with romney anyway. Serves them right.

Fri, 05/09/2014 - 13:31 | 4744030 HelluvaEngineer
HelluvaEngineer's picture

Hey, why don't you go fuck yourself. Seriously.

Fri, 05/09/2014 - 13:42 | 4744080 Georgia_Boy
Georgia_Boy's picture

Hey all you idiot savant engineers, what's wrong with you? Didn't you learn your place in the social pecking order when the bullies beat you up in junior high school? You're supposed to be the cows we milk for taxes to fund my free stuff! You didn't build that! You didn't learn that! You didn't earn that!

Fri, 05/09/2014 - 16:31 | 4744749 Blues Traveler
Blues Traveler's picture

Gallop poll just publised Tiberias Oblunder's approval rating at 47%.....really

Fri, 05/09/2014 - 19:07 | 4745099 franciscopendergrass
franciscopendergrass's picture

doesn't his approval rating match those who receive some sort of government assistance?  coincidence?  I think not.

Fri, 05/09/2014 - 13:52 | 4744033 HelluvaEngineer
HelluvaEngineer's picture

Since this double-posted, let me take this extra opportunity to inform you that if you think voting is the most important way you can influence the future of this country and the limit of your expectation as a "citizen", you're a pretty crappy American.  Voting is about the least effective thing you can do.

Fri, 05/09/2014 - 13:34 | 4744046 Mercuryquicksilver
Mercuryquicksilver's picture

You are welcome.

Fri, 05/09/2014 - 13:40 | 4744075 Overfed
Overfed's picture

Yeah. 'Cause Ro-Money or McStain would have been sooooo much better.

Fri, 05/09/2014 - 13:44 | 4744085 A Nanny Moose
A Nanny Moose's picture

How tragic, that you think voting for a new master willchange anything.

Voters don't win elections. Counters do.

Fri, 05/09/2014 - 13:46 | 4744096 NotApplicable
NotApplicable's picture

Ask Mr. and Mrs. Carville how much it matters which "side" wins.

Fri, 05/09/2014 - 14:30 | 4744280 Lore
Lore's picture

Shit. What's wrong with the video?  Can't bring it up.  And it doesn't seem to be posted anywhere else.  Has it been pulled?

Fri, 05/09/2014 - 13:07 | 4743921 Boris Alatovkrap
Boris Alatovkrap's picture

Health of nation metric is measure by chassis sag of Walmart Scooter. Intelligence of Head of State is measure by idiocy of economic prognostication. There is no hope for Amerika.

Fri, 05/09/2014 - 13:12 | 4743944 cougar_w
cougar_w's picture

That was funny even for Boris.

I've seen some mighty sagged chassis around here of late, so I guess we're doing fine. Miller Time!(R)

Fri, 05/09/2014 - 13:44 | 4744083 Pure Evil
Pure Evil's picture

Don't give up hope yet Boris.

We still have a chance to vote sHILLARY in as POTUS.

Just think what that'll do to the cankle impaired.

I can hear the Cluck, Cluck, Clucking now.

Fri, 05/09/2014 - 19:10 | 4745106 franciscopendergrass
franciscopendergrass's picture

Hillary, champion of women's rights (whatever the fuck that means), healthcare, contraception for women under obamacare, continuing the Neocon foreign policy agenda.  At least his fuckhead husband made being a sociopath seem cool.  fuck we have no hope. Why bother voting.

Fri, 05/09/2014 - 13:07 | 4743923 TruthInSunshine
TruthInSunshine's picture

Whisper Rumor that Queen Michelle was overheard referring to The People of Wal-Mart as "those kind of people."

Queen Michelle is glamorous, bitchez:

Fri, 05/09/2014 - 13:47 | 4744099 A Nanny Moose
A Nanny Moose's picture

How wonderful of Fergie to inlcude spelling lessons in her songs. For all those who were unfortunate enough to have matriculated through the gummint run edewkayshun system.

Fri, 05/09/2014 - 15:00 | 4744411 CCanuck
CCanuck's picture

Hey, Nanny u spelt sistem rong....

Fri, 05/09/2014 - 14:34 | 4744301 Georgia_Boy
Georgia_Boy's picture

A perfect backdrop to pick on inequality would have been right there in D.C. and he wouldn't have had to spend $ to move Air Force One one farking inch. But that, or NYC, or La Jolla would have forced his own supporters to confront it instead of letting them continue their Two Minutes Hate against "privileged" white male tech workers so the Fed and Goldman and the contractors can tell themselves they aren't the problem. "But we're Democrats! We're for diversity and the little guy!"

Fri, 05/09/2014 - 13:25 | 4744005 kchrisc
kchrisc's picture

He cares even less than he has a 'clue."

Fri, 05/09/2014 - 16:24 | 4744724 Blues Traveler
Blues Traveler's picture

Let me be clear, not only doesnt he not care, but he has an agenda....

Fri, 05/09/2014 - 13:02 | 4743882 linniepar
linniepar's picture

I'm introducing legislation to force executive administrations to be fed Walmart meat and gmo veggies.

Fri, 05/09/2014 - 13:32 | 4744031 kchrisc
kchrisc's picture

"Legislation?!" That's so Constitutional. Just use an "executive order."

Fri, 05/09/2014 - 13:39 | 4744070 TruthInSunshine
TruthInSunshine's picture

"Executive Order?" That's so onerous & burdensome.

Just appoint a 'Wal-Mart forced ration Czar."

Fri, 05/09/2014 - 13:01 | 4743883 cougar_w
cougar_w's picture

My wife and I rode our bikes past his motorcade last night. Didn't even know he was in town.

My bike is home-made and looks like a SR-71. I felt just like a terrorist.

It was epic.

Fri, 05/09/2014 - 13:53 | 4744125 Oh regional Indian
Oh regional Indian's picture

Pics/links? I want to see a bike that looks like an SR 71...

Fri, 05/09/2014 - 14:21 | 4744225 cougar_w
cougar_w's picture

Big engines in the back. The thing is wicked fast -- for a bicycle.

Anyone happens to be in the SF Bay Area the weekend of May 17th can meet me and the "Blackbird Super Cruiser" at the Makers Faire, San Mateo Fair Grounds.

So much awesomeness, you'll think you've been fed to a tiger.

Fri, 05/09/2014 - 14:30 | 4744283 Oh regional Indian
Oh regional Indian's picture

That is just super awesome Cougar. Hat tip!!!

So when you say engine you mean motor or internal combustion engine?

Super cool.... :-)

Makers FTW!

Fri, 05/09/2014 - 14:56 | 4744340 cougar_w
cougar_w's picture

A pair of 1kW DC motors. That's a 15" rim from a car or truck I found behind the bike trail. Knocked out the flange, welded on some custom spokes, and bolted on the motors. The whole thing is 2kW total at 48 volts. Barely street legal, but barely is just right.

Nope, the cops never bug me. Was pulled over by the highway patrol one time, but he'd made a mistake. Thought I was a custom Buell chopper or something without plates, so that was fun.

Fri, 05/09/2014 - 15:02 | 4744422 Oh regional Indian
Oh regional Indian's picture

That is just a make your day kind of story there Cougar. 2 kW on a bike frame, must be fast.

Nice, I'll post  my own projects pictures sometime also.


Fri, 05/09/2014 - 17:23 | 4744863 scrappy
scrappy's picture

Very cool bike Cougar, the batteries must have cost you...

Fri, 05/09/2014 - 17:58 | 4744939 MillionDollarBoner_
MillionDollarBoner_'s picture

So the pedals are for recharging the batteries?

How long does it take the wife to put a full charge on them?

Fri, 05/09/2014 - 18:23 | 4744982 cougar_w
cougar_w's picture

There are two batteries, big LiFePo industrial grade 48 volt, used in parallel. About $750 each.

The pedals are just like on a bike, they drive the rear wheel via (a lot of) link chain. Pedalling extends range and provides a little extra power. And it needs functioning pedals to qualify as a bicycle. But you don't have to pedal if you don't want to, it just goes.

Wife? She won't stand within 10 feet of the thing.

As a rule, it clears intersections. I'm not even joking. In motion it looks evil.  People just stay completely out of the way.

Fri, 05/09/2014 - 12:59 | 4743868 Alethian
Alethian's picture

You bein' racist?

Fri, 05/09/2014 - 14:10 | 4744192 Translational Lift
Translational Lift's picture

Community Organizer in Chief.................SIC

The dumbass couldn't do anything about Putin so he goes back to the GREEN Walmarts.


Fri, 05/09/2014 - 18:03 | 4744947 MillionDollarBoner_
MillionDollarBoner_'s picture

Yeah...Green...Walmarts...that's what I'm talkin' 'bout!

Manufacturing shit in China, where "externalities" have resulted in 75% of drinking water sources being unfit for human consumption:

Where PM2.5s are off the charts:

Out of sight is out of mind, libtards...

Dat's GREEN!





Fri, 05/09/2014 - 12:56 | 4743855 slaughterer
slaughterer's picture

0: "You EBT card holder must thank the masters who gave you your handouts to buy the wondrous items inside this temple of consumer thrift: vote Dem in the fall or no more EBT and O-phones."

Fri, 05/09/2014 - 12:57 | 4743858 williambanzai7
williambanzai7's picture

Fri, 05/09/2014 - 12:58 | 4743865 Magnix
Magnix's picture

How did you design that so fast and stay on the top of the thread?!

Fri, 05/09/2014 - 13:02 | 4743889 cougar_w
cougar_w's picture

"WB7" is not a single person. Like "Tyler Durden" he is a sweat shop in Bulgaria.

Fri, 05/09/2014 - 13:10 | 4743937 Boris Alatovkrap
Boris Alatovkrap's picture

Factory in Bulgaria is make top quality AK-47 and Makarov.

Fri, 05/09/2014 - 13:13 | 4743950 cougar_w
cougar_w's picture

And yet they still have time and creativity to run ZH on the side? America will be buried ...

Fri, 05/09/2014 - 13:18 | 4743976 edotabin
edotabin's picture

and the workers probably make more than at Walmart

Fri, 05/09/2014 - 13:27 | 4744011 TruthInSunshine
TruthInSunshine's picture

SKSs are made by chimps taught to use lathes in Romania, and are paid minimum wage of 40 cents per day in peanuts & bananas.

Fri, 05/09/2014 - 13:45 | 4744091 Headbanger
Headbanger's picture

Those are some smart chimps!

Fri, 05/09/2014 - 17:28 | 4744871 BorisTheBlade
BorisTheBlade's picture

With AK in its hands, who needs salary.

Fri, 05/09/2014 - 13:30 | 4744028 williambanzai7
williambanzai7's picture

Skate to where the puck is going to go and wait.

Fri, 05/09/2014 - 13:36 | 4744058 cougar_w
cougar_w's picture

If Sun Tzu were an artist ...

Fri, 05/09/2014 - 13:03 | 4743892 McMolotov
McMolotov's picture

As Walmart Pres & CEO Bill Simon notes, its the first time a sitting US President has visited a Walmart.

It's like Nixon going to China.

Fri, 05/09/2014 - 13:13 | 4743946 Bangin7GramRocks
Bangin7GramRocks's picture

What a corporate shill asshole!

Fri, 05/09/2014 - 13:14 | 4743954 cougar_w
cougar_w's picture

Since nearly everything on the shelves in Walmart is from China, it is exactly like that.

Fri, 05/09/2014 - 17:30 | 4744876 BorisTheBlade
BorisTheBlade's picture

Except you don't have to go to China to be in China.

Fri, 05/09/2014 - 18:07 | 4744956 MillionDollarBoner_
MillionDollarBoner_'s picture

We are all a part of Greater China...

Fri, 05/09/2014 - 13:53 | 4744126 NotApplicable
NotApplicable's picture

Comment of The Day!

Well played.

Fri, 05/09/2014 - 14:02 | 4744155 rosiescenario
rosiescenario's picture


Fri, 05/09/2014 - 17:25 | 4744868 scrappy
scrappy's picture

Que: Cleanup on isle 7, sporting goods, cleanup needed on isle 7!

Fri, 05/09/2014 - 14:06 | 4744175 bearwinkle
bearwinkle's picture

Nice, another poeple of walmart picture!

Fri, 05/09/2014 - 21:38 | 4745416 Atomizer
Atomizer's picture

You just made me barf up a ball of yarn.

Fri, 05/09/2014 - 12:57 | 4743859 nosoeawe
nosoeawe's picture

and they only had to shut down 101 and all the arteries onto 101 so odumbo can visit his wal-mart minions and pander to the illegals. surprised he didnt start washing feet too. 

Fri, 05/09/2014 - 13:04 | 4743899 cougar_w
cougar_w's picture

Shutting down 101? That's like the Apocalypse come to town.

I don't drive so I do not give any actual shits.

Fri, 05/09/2014 - 13:19 | 4743981 edotabin
edotabin's picture

aren't the 101 and the 405 parking lots anyway?

Fri, 05/09/2014 - 13:30 | 4744025 cougar_w
cougar_w's picture

Yeah the 405 is like that, but the 405 is in LA and part of South California, therefore the enemy, and of SoCal we do not speak lest we provoke the local gangs to displays of righteousness.

Fri, 05/09/2014 - 14:05 | 4744164 rosiescenario
rosiescenario's picture

....we need to start selling them their water & divide CA in 1/2.


Shitty music and dumber than stone movies are their contribution.

Fri, 05/09/2014 - 14:08 | 4744185 nosoeawe
nosoeawe's picture

it took an extra 4 bong rips to get myself motivated enough to make the miserable trek (trail of tears v2.0) to the silly valley and was running later than normal. Poncherello and Jon had blocked 101 at the 87 off ramp and all the streets up to san thomas. knowng san jose had every pig on duty to serve the weanie arm in chief, i lit up a jay and had a cold beer. just what i needed to realize i should have been a full time drunk

Fri, 05/09/2014 - 14:28 | 4744269 cougar_w
cougar_w's picture

Dude. That's near my house. Hey you should be riding in the SJ Bike Party. Catch up to me some time and we'll drink.

I'm the huge guy riding a black steam-punked bicycle made mostly of alloyed evil. Ask anyone, I'm famous, they'll point me out. 'Cept this weekend I'm at the Makers Faire in San Mateo so I'm skipping BP. Pisser.


Fri, 05/09/2014 - 13:46 | 4744097 Pure Evil
Pure Evil's picture

How do you know he was hanging out in the men's bathroom giving someone a tongue washing?

Fri, 05/09/2014 - 13:49 | 4744106 TruthInSunshine
TruthInSunshine's picture

Whisper Rumor of a Reggie Love Glory Hole in the men's restroom at the District of Colombia Wal-Mart.

Fri, 05/09/2014 - 14:01 | 4744152 Pure Evil
Pure Evil's picture

So that's where the undisclosed bathhouse is located.

Fri, 05/09/2014 - 13:51 | 4744117 A Nanny Moose
A Nanny Moose's picture

Illegals? They are a little farther south. Watsonville, Salinas, etc. Silly Clone Valley is miles of Pho shops.

Fri, 05/09/2014 - 12:57 | 4743860 Magnix
Magnix's picture

WinCo is an employee owned grocery chain which pays its 15,000 workers at least $11/hour, offers health and dental insurance-even for part-time staff, and invests 20% of an employee's salary into a pension which has turned 400 cashiers and clerks into millionaires. They are Wal-Mart's worst nightmare!

Fri, 05/09/2014 - 13:38 | 4744065 kchrisc
kchrisc's picture

Some scandal will befall WinCo in 3...2...

Fri, 05/09/2014 - 12:57 | 4743862 10mm
10mm's picture

Get ready for costs passed on and inflated goods.

Fri, 05/09/2014 - 13:04 | 4743903 TheRideNeverEnds
TheRideNeverEnds's picture

This explains why the market just fucking exploded higher.  


Raise prices 30% (Thanks Obama!) while continuing to replace people with robots, net net labor costs stagnant as revenue increases; bonuses all around.  


This is a super bullish development!

S&P 2000 by Thanksgiving. 

Fri, 05/09/2014 - 13:01 | 4743871 medium giraffe
medium giraffe's picture

"Your huddled masses yearning to breathe free,
The wretched refuse of your teeming superstores."

Fri, 05/09/2014 - 13:05 | 4743907 cougar_w
cougar_w's picture

 Oh so you've shoppped there I take it. Tell us what was it like being trampled to death at the bargain bin?

Fri, 05/09/2014 - 13:11 | 4743942 medium giraffe
medium giraffe's picture

I survived, but lost my virginity.

Fri, 05/09/2014 - 13:20 | 4743989 Bangin7GramRocks
Bangin7GramRocks's picture

What happened? Did a guy bury 3 fingers two knuckles deep while reaching for the last Elsa doll?

Fri, 05/09/2014 - 13:33 | 4744040 cougar_w
cougar_w's picture

They'll do that to you fighting over the last chimichanga at the deli.

For a toy it's straight to knives. If you ever saw their children you'd understand why. Man, you do not what to disappoint the children of Walmart.

Fri, 05/09/2014 - 13:33 | 4744041 medium giraffe
medium giraffe's picture

I don't kiss and tell.  Step away from the handcream.

Fri, 05/09/2014 - 13:43 | 4744084 cougar_w
cougar_w's picture

I've been noticing of late that discretion is becoming a lost art. Truly, sad times. Thank you for helping to support the empire.

Fri, 05/09/2014 - 12:59 | 4743872 wmbz
wmbz's picture

Listening to Obozo really is like listening the the adult voices on Charlie Brown. Wah,Wah,Wah. A true zero!

Fri, 05/09/2014 - 13:00 | 4743875 Theta_Burn
Theta_Burn's picture

Lets see...

4billion in solar investments over 4 yrs...will create 10's of thousands of new jobs, and save billions in taxes to the american public...

Thats the most efficient 4bil investment Ive ever seen

So... if they invested say 40bil everyone would have a job and the deficit would go to zero?


Fri, 05/09/2014 - 13:06 | 4743917 cougar_w
cougar_w's picture

Yeah and the $14T invested in Wall Street paid off nicely.

Scale, man. Learn something about scale.

Fri, 05/09/2014 - 13:00 | 4743876 tom a taxpayer
tom a taxpayer's picture


Fri, 05/09/2014 - 13:07 | 4743924 cougar_w
cougar_w's picture

This is very true. He's just trying to contain the riot until he's out and setup in the Hamptons.

Fri, 05/09/2014 - 17:33 | 4744882 BorisTheBlade
BorisTheBlade's picture

It would be wise though to outsource him back to Kenya.

Fri, 05/09/2014 - 13:00 | 4743877 Winston Churchill
Winston Churchill's picture

Thanksgiving already.
Don't listen to this turkey.

Fri, 05/09/2014 - 13:57 | 4744134 A Nanny Moose
A Nanny Moose's picture

It ain't cool bein' no jive turkey, so close to Thanksgiving.

Fri, 05/09/2014 - 13:05 | 4743879 Dre4dwolf
Dre4dwolf's picture

70% of the country is on welfare, who the fuck cares about the minimum wage? Americas back is broken, and this idiot is trying to put a bandaid on it that will only make things worst, jacking up wages, driving up inflation etc. will only do the following:

-More people will get fired

-The price of goods will go up

-Those on fixed incomes will have less discretionary spending, which means economy contracts as spending decreases

-The NOMINAL value for GDP may go up (because of inflation), but the total VALUE added to the economy will be zero or negative.

You can make GDP go up 1000% by inflation, doesn't mean that you actually produced any real value.


If you make 1000 chairs and the economy is worth 1000 chairs, and next year you made 2% more chais, your GDP went up 2%.

If you make 9000 chairs, and the price of the chair went up 100%, your GDP probably looks on paper like it went up around 90%+, but the entire net economy actually contracted 100 chairs.

America has been hemorrhaging chairs(value) for decades.

Fri, 05/09/2014 - 14:27 | 4744265 Everybodys All ...
Everybodys All American's picture

The plan if you have not figured this man out is to screw the economy up as much as possible. In his mind it puts America back on a level footing with the rest of the world by bringing us down a notch and that will make us safer in the new world order.

Fri, 05/09/2014 - 13:03 | 4743893 Duc888
Duc888's picture



If $10 an hour is good then why stop there?  $100 an hour must be mo betta. 

Fri, 05/09/2014 - 13:08 | 4743930 cougar_w
cougar_w's picture

Don't worry we'll get there. And by the time we do it won't matter for fuck-all.

Fri, 05/09/2014 - 13:08 | 4743932 Dre4dwolf
Dre4dwolf's picture

If the government actually wanted the economy to improve, all they have to do is declare a debt jubilee, and wipe out all CCards/Mortgages/Car Loans etc.

The economy will roar back to life over-night as all the fraudulent debt gets wiped off the books.

Fri, 05/09/2014 - 13:44 | 4744089 kchrisc
kchrisc's picture

The American people should just declare their own "unilateral" debt jubilee.


"My guillotine asks, 'Wouldn't it be more "jubilee" to be bankster free AND debt free'?!"

Fri, 05/09/2014 - 14:10 | 4744193 Matt
Matt's picture

For $10 trillion, they could give every American $30,000, with the stipulation that it goes first to cover debts, then backtaxes, then the remainder if left over you get to spend however you want. That way, at least savers would get something out of it.

Just erasing debt would punish savers badly while rewarding people based on how much they borrowed, which would incentivize really negative behavior.

Fri, 05/09/2014 - 17:35 | 4744889 Dre4dwolf
Dre4dwolf's picture

How are you punishing savers? The housing market will cool down, making it easier for people who saved to buy a house.

The debt being erased, means that you essentially erased money from the system, (since DEBT IS MONEY) under this system, which means less money in circulation = money gains in value (helps savers).


Besides, this is America, No one Saves, Savings rates are at record lows, WHO ARE YOU TRYING TO PROTECT? WHAT SAVERS? SAVERS ARE AN EXTINCT SPECIES, its like trying to save the wooly mammoth 10,000 years after the fact.


stop worrying about savers, they dont even exist.

Fri, 05/09/2014 - 19:31 | 4745148 Matt
Matt's picture

You think people have all their savings in cash?

Retirement funds, pensions, social security, municipal bonds, treasuries. All savings. If you just wipe out all the debt, you wipe out probably 80% of liquid savings. 

Fri, 05/09/2014 - 13:04 | 4743901 khakuda
khakuda's picture

You have to love the working man's Springsteen outtro.

Fri, 05/09/2014 - 13:04 | 4743902 Colonel Klink
Colonel Klink's picture

Fuck you president scumbag!

Fri, 05/09/2014 - 13:05 | 4743906 1stepcloser
1stepcloser's picture

He was there supporting Schiff's 15 for 15 right

Fri, 05/09/2014 - 13:06 | 4743915 Itchy and Scratchy
Itchy and Scratchy's picture

Beat me to it! Lol!

Fri, 05/09/2014 - 14:00 | 4744147 kchrisc
kchrisc's picture

Schiff's point is good, but higher wages effects more than just prices.

If they are operating at or near optimal profit, then higher wages leads to higher prices which leads to lower sales, which leads to lower returns on capital, which leads to lower profits, which leads to additional investments on "wage saving" devices ('same for less' vs 'more for same' devices), which means fewer workers. And that not so bright guy that can only be depended on to do maintenance and gather carts is priced out of the market and is now breaking into our homes for money and food--i.e. not breaking into 1600 PA Ave. or 10141 Daria Pl. etc.



"Damn it! Now my guillotine wants more."

Fri, 05/09/2014 - 14:19 | 4744231 Matt
Matt's picture

If you have $200 to buy groceries every month, and groceries go up 15%, you are still going to buy $200 worth of groceries, you'll just have 15% less.

It may cut into consumptive spending on things people like, but don't need, which can be both good and bad. In that case, people might cut $30 out of buying something else, and buy $230 worth of groceries per month.

This is the reverse of the ridiculous argument that if there was deflation, people would just save and not buy. If this were true, no one would ever buy a computer, cell phone or television, since the prices keep dropping and the performance increases. In real life, we see the opposite; people have been buying computers more and more as the prices have gone from $8000 to $500 for a computer that is 1000 times better.

Fri, 05/09/2014 - 16:22 | 4744720 1stepcloser
1stepcloser's picture

Schiff was there only to expose the hypocrisy of it all...Say one thing, and do another!  Pinko Libs are such tools.  Getting into a debate if its a good idea or its ramifications is just mental masterbation.  Nothing will change in a Fiat Debt based monetary system, until you end the system.

Fri, 05/09/2014 - 13:05 | 4743908 Chief Wonder Bread
Chief Wonder Bread's picture

A blackbird is to a crow as a turd is to a corvette.

Fri, 05/09/2014 - 13:06 | 4743910 djsmps
djsmps's picture

He must be for the people - they are playing Springsteen.

Fri, 05/09/2014 - 13:08 | 4743928 NOTW777
NOTW777's picture

what a clown festival - absurd

Fri, 05/09/2014 - 13:08 | 4743929 ZippyBananaPants
ZippyBananaPants's picture

Did anyone see the buck-tooth bitch trying to get a selfie with the O?

Fri, 05/09/2014 - 13:09 | 4743933 orangegeek
orangegeek's picture

The Senate crushed Barry's minimum wage legislation.


Another Obama failure.  Whatever.

Fri, 05/09/2014 - 14:01 | 4744150 kchrisc
kchrisc's picture

Executive order in 3...2...

Fri, 05/09/2014 - 13:09 | 4743934 cougar_w
cougar_w's picture

Not sure why O would be in Silly Valley pimping the minimum wage. We all work for stock options here.

Fri, 05/09/2014 - 13:16 | 4743962 Dr. Engali
Dr. Engali's picture

Exactly why he is pimping it there. What better place than an area of the country where the wealthy are so out of touch with small business that they will just nod in agreement. After all what does it matter to them? Work a few years, collect options, move on to the next company, rinse and repeat.

Fri, 05/09/2014 - 13:17 | 4743970 cougar_w
cougar_w's picture

You say it like its a bad thing.

Fri, 05/09/2014 - 13:21 | 4743993 Dr. Engali
Dr. Engali's picture

I don't think it's a bad thing that they work for options...more power to them. But don't support burdensome ideas because it sounds good and helps relieve some of the guilt of their wealth.

Fri, 05/09/2014 - 13:18 | 4743980 One of We
One of We's picture

He just dropped in to pick up some fresh mom jeans and a new bike helmet.

Fri, 05/09/2014 - 13:51 | 4744114 Pure Evil
Pure Evil's picture

And a new pink and white trike.

Fri, 05/09/2014 - 13:19 | 4743985 Dead Man Walking
Dead Man Walking's picture

Not sure why O would be in Silly Valley pimping the minimum wage. We all work for stock options here.


exactly. and Walmart on the way back to the airport after hangover from 10k per plate dinners last night.

I notced he was in the mens dept, not the sporting goods next to the gunracks...

Fri, 05/09/2014 - 13:22 | 4743992 Emergency Ward
Emergency Ward's picture

That was the front for the behind-the-scenes mega-pimping the multi-million-dollar political contributions from the progressive billionaire "smart set".

Fri, 05/09/2014 - 13:25 | 4744003 cougar_w
cougar_w's picture

o i c! thank you for clearing that up for me I was really at a loss.

Fri, 05/09/2014 - 13:35 | 4744044 Emergency Ward
Emergency Ward's picture

Glad to be of help, especially on a Friday.  Sometimes it's hard to lay off those softball pitches.  Ha ha.

Fri, 05/09/2014 - 13:15 | 4743961 q99x2
q99x2's picture

Impeach Obama. Nobody listens to him anymore.

Fri, 05/09/2014 - 13:23 | 4743996 cougar_w
cougar_w's picture

Okay guys, it's Friday and O is ignoring the ramp up to WW3 to pimp chump change to the ill-eagles at WalMart.

Fuck that. Just totally forget it. You should be reading my blog instead:

Yeah I killed Goldman Sachs. The entire outfit, fed to a tiger. It's subtle, but I liked it. You low-brow types into your typical hack-em-up instant gratification FedToATiger insanity may have to read it twice. Consider doing so to be part of your continuing adult education.

Caution: Contains adult language (that means, curse words), high finanaces, really shitty deals, and animal tricks.

Fri, 05/09/2014 - 14:07 | 4744179 Overfed
Overfed's picture

Looks like Jamie and Lloyd read it and weren't amused. ;-)

Fri, 05/09/2014 - 14:49 | 4744297 cougar_w
cougar_w's picture

No no that can't be right. Jamie and Lloyd, we're all good. Were knocking back beers just last weekend at Dimon's place down by the fair grounds. Almost nobody knows this but Blankfein is funny as hell when you get him drunk. He read the entry at FedToATiger and bust a gut laughing. Great guy, what a sport.

Fri, 05/09/2014 - 15:56 | 4744628 Eahudimac
Eahudimac's picture

Pretty good cougar! If only it were true.

Fri, 05/09/2014 - 13:24 | 4744000 Billy Sol Estes
Billy Sol Estes's picture

More like ClintonMart, right?

Fri, 05/09/2014 - 13:34 | 4744047 PTR
PTR's picture

As Walmart Pres & CEO Bill Simon notes, its the first time a sitting US President has visited a Walmart one of the places where his oligarch benefactors harvest their wealth from the masses.


Fixed your post.

Fri, 05/09/2014 - 13:38 | 4744068 cougar_w
cougar_w's picture

Puts the whole thing in the correct perspective.

Fri, 05/09/2014 - 13:45 | 4744093 rodonmeguro
rodonmeguro's picture

When threatend with anilation by nuclear tipped ICBMs go straight to Wallmart and chat a bit with the locals. It's therapeutic.

Fri, 05/09/2014 - 13:45 | 4744094 samsara
samsara's picture

"...first time a sitting US President has visited a Walmart."

"Some call you the FSA,  some call you Wardrobe Challenged,    

I call you My Base"

Little different crowd than W had....

Fri, 05/09/2014 - 13:50 | 4744111 cougar_w
cougar_w's picture

Nice catch.

Fri, 05/09/2014 - 13:58 | 4744140 the wet spot
the wet spot's picture

I Just ate so I dare not watch but did The Big O finally come clean and apologize to the American People?

Fri, 05/09/2014 - 14:05 | 4744171 fishwharf
fishwharf's picture

Sorry, but this was too easy.

Fri, 05/09/2014 - 14:27 | 4744262 F.A. Hayek
F.A. Hayek's picture

Michelle went shopping at Target - I think it was before the last election - to show the serfs that she's just regular people, too. Did you catch the photo op? They hadn't yet conceived of the idea of placing an indigent waif in the background yet, but as they say, the Obama storyline wasn't built in a day. I'm glad to see Barack is so in touch with working Americans.

Fri, 05/09/2014 - 14:57 | 4744395 JR
JR's picture

Hard to fit Target in with Michelle’s $50,000 shopping spree at a luxury lingerie boutique in New York two years ago at Agent Provocateur's boutique in Madison Avenue, New York.

But then you can't disgrace America by having Michelle wear discount underwear under her designer labels at her lavish Halloween parties or disgracing the expensive wardrobe she packed for her $4 million all-expenses-paid-by-the-taxpayers Hawaii Christmas break trip in December ‘11, which included a $2,000 dress and $1,000 skirt, now can you?

What if there's an accident?

A comment on Naked DC pretty well sums up Michelle's let-them-them-eat-cake, White House attitude: 'She claims to be a champion of the poor and a fellow bargain shopper, but yet, here she is, sporting a dress that no unemployed American can afford.”

Fri, 05/09/2014 - 14:29 | 4744270 ThisIsBob
ThisIsBob's picture

Like the fucking minimum wage will solve anything.  Did he arrive at Walmart in a car and was he doing roof hits along the way?

Fri, 05/09/2014 - 14:28 | 4744274 JR
JR's picture

It is fitting that Obama is visiting Silicon Valley, a political annex of Hollywood and a story of “money so big that more of Obama’s 2012 campaign haul came from California than from any other state,” where the City of San Jose just increased its minimum wage from $10.00 to $10.15 per hour effective January 1, 2014.

Silicon Valley, where Google and industries of six of the world’s ten richest Jews reign supreme: industries owned by Larry Ellison (Oracle), Michael Bloomberg (Bloomberg L.P.), Sergey Brin (Google), Lawrence Page (Google), Steve Ballmer (Microsoft), Michael Dell (Dell Inc.)…

Interesting how tech industries, Obama and an increasing lack of privacy go together. As hedgeless_horseman put it to MillionDollarBonus, who said (tongue-in-cheek) regarding ID of the Boston bombing suspect:

“This incident has highlighted some serious shortcomings of our national security policy. We need to seriously review what went wrong here and rethink our anti-terrorism policy. One area that needs to be developed is our ability to track and identify all people on American soil. This data is freely accessible from mobile phones and the identities of the users can simply be stored with the associated mobile phone number in a government database. What's so complicated about that? Why aren't we doing this? This is the kind of slack government that drives me crazy.”

Hedgeless: “Hmmm, good idea, MDB!   

“I will use my Dell computer running Microsoft to use Google to search Oracle databases so I can research your concept. Maybe I should try a Bloomberg terminal?”

Fri, 05/09/2014 - 14:46 | 4744336 Addibrux
Addibrux's picture

Ten to one odds that he picks up a few pair of new mom jeans whilst he's there..

Fri, 05/09/2014 - 15:40 | 4744567 yogibear
yogibear's picture

More like ChinaMart.

He can tell ChinaMart to open more Super Centers around the ghettos of Chicago.

The people in the hood,  around Obummer's house,  are always looking for 5 finger discounts.

Fri, 05/09/2014 - 15:41 | 4744576 Atomizer
Atomizer's picture

Obama has no clue. Walmart is done. Good luck in buying food from Emerging markets. Thank god all the emerging company executives drove itself into the ground.


Google: who is the Walmart pioneer. That’s why this company is done


Give that Negro US President a banana and send him on his way,

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