President Obama To Explain Why Wal-Mart's CEO Is Wrong; Economy Is Doing Great - Live Feed

Tyler Durden's picture




 

Stocks at record highs... Unemployment rates at multi-year lows... magical job creation 'impressive'... President Obama has a lot to proclaim "mission accomplished" over - except its all fallacious (as Wal-Mart's CEO recently explained). Of course, this will all be solved if everyone was paid 'fairly' at least $15/hour despite the greatest irony of Obama's inequality fight is that "his policies are squeezing the middle class and causing the Fed – with the President’s encouragement – to engage in the radical monetary policy, which is exacerbating inequality. This simple truth cannot be repeated often enough."

Live Feed (due to appear at 1220ET)

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The jobs recovery...

 

As a gentle reminder of the greatest irony of Obama's inequality fight...

One can read 696 page neo-Marxist tomes "explaining" inequality in a way only an economist could - by ignoring the untold destruction economists themselves have unleashed on society with their "scientific theories" (and providing a "solution" to the inequality problem which we warned readers was coming back in September of 2011) or one can read the following 139 words by Elliott's Paul Singer which in two short paragraphs explains everything one needs to know about America's record class inequality, including precisely who is the man responsible:

Inequality in the U.S. today is near its historical highs, largely because the Federal Reserve’s policies have succeeded in achieving their aim: namely, higher asset prices (especially the prices of stocks, bonds and high-end real estate), which are generally owned by taxpayers in the upper-income brackets. The Fed is doing all the work, because the President’s policies are growth-suppressive. In the absence of the Fed’s moneyprinting and ZIRP, the economy would either be softer or actually in a new recession. 

 

The greatest irony is that the President is railing against inequality as one of the most important problems of the day, despite the fact that his policies are squeezing the middle class and causing the Fed – with the President’s encouragement – to engage in the radical monetary policy, which is exacerbating inequality. This simple truth cannot be repeated often enough.

Q.E.D.

 

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Wed, 07/09/2014 - 12:18 | 4939836 Australian Economist
Australian Economist's picture

Nice head and shoulders pattern forming, ready for the next leg down?

Wed, 07/09/2014 - 12:22 | 4939850 Headbanger
Headbanger's picture

Oh not again..

JUST STFU ALREADY BARRY!!

 

Shhheeesh.

Wed, 07/09/2014 - 12:30 | 4939912 StacksOnStacks
StacksOnStacks's picture

Is it just me or is he getting whiter?

Wed, 07/09/2014 - 12:31 | 4939922 Herd Redirectio...
Herd Redirection Committee's picture

What ABSOLUTE horseshit, to imply Barack Obama has authority, let alone influence, at the Federal Reserve!

Fantasy land BS!

Wed, 07/09/2014 - 12:35 | 4939938 eatthebanksters
eatthebanksters's picture

Obama to his audience,"Everything is fine...the printing presses have been rolling day and night for 5 years and will continue to do so...we're all going to be rich!! Trust me."

Wed, 07/09/2014 - 12:54 | 4940056 knukles
knukles's picture

That little picture at the top of the article.  His hands.  Ain't them supposedly one of the Illuminati signs, or am I imagining things, again?

 

 

               CAUTION   CLOWARD-PIVEN at WORK

Wed, 07/09/2014 - 12:59 | 4940076 Chupacabra-322
Chupacabra-322's picture

No, you're not imagining things. These Psycopaths are just open about it now & in your face. They really don't give a shit.

And, in regard to the article, who's this Nigga trying to fool? It's all theater and PsyOp at this point.

Wed, 07/09/2014 - 13:04 | 4940098 Handful of Dust
Handful of Dust's picture

82 shot- 15 fatally- in Chicago over holiday weekend

 

https://screen.yahoo.com/82-shot-15-fatally-chicago-033434976.html

 

Yeah, it's all great!

Wed, 07/09/2014 - 13:06 | 4940106 Jethro
Jethro's picture

"Everything is AWESOME....."

Wed, 07/09/2014 - 13:32 | 4940203 NotApplicable
NotApplicable's picture

There's no irony here. As always, government creates its own demand.

In this case, massive inequality that needs to be "fixed."

Wed, 07/09/2014 - 13:45 | 4940243 max2205
max2205's picture

1865 called....Lincoln changed his mind

Wed, 07/09/2014 - 13:10 | 4940117 Quus Ant
Quus Ant's picture

smuggling in Sinaloa cartel drugs has consequences.  Fat pockets and dead kids.

Wed, 07/09/2014 - 13:28 | 4940192 Pool Shark
Pool Shark's picture

 

 

Here's Obama talking-up the economy:

http://www.youtube.com/watch?v=zDAmPIq29ro

Wed, 07/09/2014 - 13:43 | 4940236 ShrNfr
ShrNfr's picture

Those are just people adding to the GDP with prostitution and drugs. Work related acidents and all.

Wed, 07/09/2014 - 14:45 | 4940498 zanez
zanez's picture

2 of the 15 were killed by cops. They put over 20 rounds into one 14 year old kid.

Wed, 07/09/2014 - 14:47 | 4940501 zanez
zanez's picture

--

Wed, 07/09/2014 - 20:28 | 4941556 snr-moment
snr-moment's picture

But they have some of the strictest gun control laws in America to protect them!

Wed, 07/09/2014 - 13:12 | 4940124 graneros
graneros's picture

CAUTION   CLOWARD-PIVEN at WORK

You know that, I know that, and many here on ZH know it.  The problem is the vast amount, and I mean 98% (IMO), of Americans don't and won't even listen.

He'll go out, Barry that is, and spew his BS today to the applause and idolatry of many while those opposite his views will boo. Then we will see vast amounts of ink and even more internet reviews either cheering him on or rebutting, along with all the inane paid and unpaid trolls throwing out all their BS.

Folks sitting at their own social media bar (mine is ZH(get us all another round barkeep)) will all be at each others throats using their online posts as the weapon of choice without even knowing they are all looking the wrong way.

Wed, 07/09/2014 - 14:09 | 4940357 Dublinmick
Dublinmick's picture

Sword of longinus is better than a double mano carnuto however.

Wed, 07/09/2014 - 13:21 | 4940163 Dr.Evil
Dr.Evil's picture

Not rich, just (worthless) billionaires. I've fixed it for ya!

Wed, 07/09/2014 - 12:36 | 4939942 Beam Me Up Scotty
Beam Me Up Scotty's picture

"the greatest irony of Obama's inequality fight"

The greatest irony is, everyone will become equal......equally dirt poor.  When everyone is dirt poor, no one will be dirt poor.  Just like in the movie "The Incredibles", when everyone is a super hero, no one will be a super hero.

Wed, 07/09/2014 - 12:40 | 4939924 Hugh G Rection
Hugh G Rection's picture

He's ingested so much Ashkenazi semen that it has started to alter his DNA.

Race Hustler in Chief

Wed, 07/09/2014 - 12:37 | 4939953 joego1
joego1's picture

I think it's that all the bull shit is getting used up and we can see him better.

Wed, 07/09/2014 - 12:41 | 4939977 Beam Me Up Scotty
Beam Me Up Scotty's picture

I think the bull shit is endless, just like the Feds ability to print money.

Wed, 07/09/2014 - 12:42 | 4939984 CheapBastard
CheapBastard's picture

Read my lips, "We are doing great."

 

File that with, "There's never been a better time then now to buy a house."

"No one saw that coming." [Jamee]

"If we don,t act we could see a mushroom cloud..." [condee lice]

"House prices never drop."

Looks like this century will be one of most fraud-infested, greedy, slimey [pink]  one in history.

 

 

Wed, 07/09/2014 - 16:08 | 4940805 tonyw
tonyw's picture

"Stocks at record highs" because we keep buying them with money we just created out of thin air.

Not a measure of anything now.

Wed, 07/09/2014 - 12:38 | 4939966 yogibear
yogibear's picture

He's looking more like Bush every day.

Wed, 07/09/2014 - 13:04 | 4939982 Quus Ant
Quus Ant's picture

George (Whatmeworry?) Bush could never pull this rope a dope technique off.  Sit back and watch the master, folks.  We shat see his like agin.

Epilogue:  And obama has set the challenge of our age:  cynicism vs hope.  Yeah.  You've already played that card, barry.  Play time's over, barry. We're pulling into the station as you speak, barry.  Fuck hope.

;)

Wed, 07/09/2014 - 12:43 | 4939988 Beam Me Up Scotty
Beam Me Up Scotty's picture

Pfft, Obama was like Bush on day one.  He's now like Bush squared, or even cubed.  Funny thing is, for all of the howling the left did about Bush, they sure don't care about Obama taking the Bush baton and running his ass off with it.

Wed, 07/09/2014 - 12:43 | 4939990 Stoploss
Stoploss's picture

FUCK YOU BARRY YOU CLOWARD PIVEN LOVING MOTHER FUCKER......

Wed, 07/09/2014 - 12:22 | 4939854 wallstreetapost...
wallstreetaposteriori's picture

Yeah, because O-Barry is right about anything...

Wed, 07/09/2014 - 12:23 | 4939860 gh0atrider
gh0atrider's picture

Maybe not Barry, but gh0atrider is definitely right about everything.

Wed, 07/09/2014 - 12:36 | 4939951 wallstreetapost...
wallstreetaposteriori's picture

This would be better is everyone in the background was smoking some joints...

Wed, 07/09/2014 - 12:46 | 4940016 Bastiat
Bastiat's picture

Where's the horsehead guy, dammit?

Wed, 07/09/2014 - 13:43 | 4940165 Quus Ant
Quus Ant's picture

That should totally become a thing.  Everywhere this clown shows up an army of horse head prols.  We could even offer him a stick to beat us with.

There was a time the populace imagined they would/could take power- V for Vendetta.  The mask of cold calculation and merciless resolve.  It's clear that's not us.  Dead horse head is more our style.  Embrace the truth-impotence mixed with laziness- and discover the ember of white hot anger still festering underneath.

Wed, 07/09/2014 - 13:52 | 4940278 Bastiat
Bastiat's picture

I like the way you think!  It would also a kind of trumping mockery -- I mean how can you defend youself against the silent comic absurdity of a horsehead?  I'm surprised Obama didn't bow.

Wed, 07/09/2014 - 13:57 | 4940295 Quus Ant
Quus Ant's picture

Precisely.  Self abasement is the only weapon that remains. 

See:  The book of Job

Wed, 07/09/2014 - 14:58 | 4940540 Herd Redirectio...
Herd Redirection Committee's picture

A sheep mask would be more effective, methinks.  Along with some well-timed 'baaah's.

Wed, 07/09/2014 - 15:09 | 4940587 Quus Ant
Quus Ant's picture

the sheep meme already exists- along with its language.  An uncorruptable vernacular of negation/resistance has yet to be borne.  DADA.

Wed, 07/09/2014 - 12:24 | 4939859 y3maxx
y3maxx's picture

..."Perjurer in Chief"...

Wed, 07/09/2014 - 12:53 | 4940057 Anusocracy
Anusocracy's picture

Hand-puppet Psychopath in Chief.

Wed, 07/09/2014 - 12:45 | 4940006 Van Halen
Van Halen's picture

Can you imagine STILL being stupid enough to stand behind that Kenyan Marxist jackass and nod your head in agreement with everything he says?

 

Wed, 07/09/2014 - 13:03 | 4940094 lordylord
lordylord's picture

50,000,000 people voted for him the 2nd time around.  Though they are no better than the 50,000,000 who voted for Romney.  So, this adds up to 100,000,000 + their children....subtract from the US population...tabulating...the result comes to 2: you and I might be the only people not stupid enough.

Wed, 07/09/2014 - 13:08 | 4940111 SilverIsKing
SilverIsKing's picture

I'm three.

Wed, 07/09/2014 - 13:18 | 4940149 lordylord
lordylord's picture

"I'm three."

Sorry, I forgot to factor in the double voting for Obama by the living and the dead.  There may in fact be dozens of us.

Wed, 07/09/2014 - 12:46 | 4940012 timeless21
timeless21's picture

I like the people behind him noding and he then thinks he's smart.

Wed, 07/09/2014 - 12:50 | 4940044 Bastiat
Bastiat's picture

More appropriate response behind him would be to touch the thumb to the first two fingers, raise hand to chest level and move up and down from the wrist while raising an eyebrow.

Wed, 07/09/2014 - 13:29 | 4940197 dontgoforit
dontgoforit's picture

You know that $3.7bn......?

Wed, 07/09/2014 - 13:18 | 4940151 tempo
tempo's picture

1 full time job = 3 part time created, great headlines, Obama wins. Its just beginning, DIJA 35000, nothing can stop the FED and Obama. 5 years, TX will be a blue state and the supreme court will be 5/4 or 6/3 progressive, liberal. Illegals sent to conservative states and districts to educate the population.

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