President Obama Blasts "Tax Inversions Are Wrong", Demands "Economic Patriotism" - Live Feed

Tyler Durden's picture

The President is explaining 'the economy' to the people, but appears to be stuck one topic...


Time for some retroactive executive actions...

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DoChenRollingBearing's picture

And my family asked me why I would invest in Peru!

That's why...

gh0atrider's picture

PHUckING Bitcoin!!! YEAH!

Invest that shit!

Pladizow's picture

He'll get his Pat-RIOT-ism, soon enough!


XenoFrog's picture

I love how the people who pay the vast majority of the taxes are continually attacked for, "Not paying their fair share".

DoChenRollingBearing's picture

Excellent observation.

+ a billion

max2205's picture

It's the only thing I agree with Barry on. The only thing

nobita's picture

Agreed. Im a libertarian as most here but we have to deal with reality and that reality is that the US goverment (and all the other ones) are enormous and must be fed with taxes. Small businesses pay a large %age in taxes to help finance this but i read all the time about GE, google, apple etc paying a very small %age in tax.

This is unfair regardless of the total amount, if not for any other reason then because it hurts competion and fair competition between companies large and small is crucial for our wellbeing i think.

N2OJoe's picture

Until I see congressmen starving to death while in office(there's some hope and change for ya), the government does not need more revenue.

From ANY source.

Lostinfortwalton's picture

Monthly federal tax receipts are at an all time high. But there is no cutting back on spending whatsoever so the deficit grows and grows. You could finance a small nation on what we spend for domestic SWAT teams alone.

Reaper's picture

When you feed the swine, they get bigger and hungrier.

Umh's picture

GE can afford lobbyist and lawyers, not to mention politicians. This is the reason that large businesses don't really object to large governments; they have a major competitive advantage over smaller businesses when it comes to dealing with the government.

90's Child's picture

No shit.

If the free shit army is hungry then obviously there is more to take.

Since the FSA is a huge majority. It's a win win for all but the working class.

Phillycheesesteak's picture

Uh. Corporations pay about 10% of the tax revenue the U.S. Government collects. The rest comes from us suckers.

Winston Churchill's picture

And where pray, do you think that 10% comes from, you moron ?

As you don't get it , its from their customers, like you.You pay all the tax.

snr-moment's picture

So where does the middle class, excluding gov employees get their money from?

CuttingEdge's picture

What middle class? That virtually extinct one that has been just about tapped dry?

snr-moment's picture

No, the one that is reestablishing itself thanks to our lower than the rest of the world corporate tax.

darteaus's picture

Stop smoking bath salts.

NumNutt's picture

Might want to check your facts there sparkie, The US has some of the highest corporate tax rates, 15 to 35% just for Federal. Then you can add the State corporate tax rates on top of that. That is why companies are relocating their operations off shore like to the Caymen Islands - 0% corporate tax rate.....

StandardDeviant's picture

I'm assuming that was sarcasm.

fuu's picture

Wow, who knew Gene Simmons was a ZH poster.


Can you autograph my Double Platinum Live album?

twh99's picture

I am still waiting on the definition of "fair share".

Umh's picture

That's when you pay instead of me.

mc225's picture

whoever coined the little phrase, 'their fair share'. that was brilliant. the assonance just rolls off the tongue. i didn't like it, but had to admit it was catchy for the consumption of hairlips.

Raymond K Hessel's picture

Wouldn't it be great if we could vote for 'None of the Above'?

Harbanger's picture

If wish people understood the importance of politics, truth is the Gov you have is more dangerous to your wealth and life than any economic collapse. 

SheepRevolution's picture

Economic patriotism = Don't pay income tax

gh0atrider's picture

Don't ever pay taxes again under Satoshi's Red Sun.

john39's picture

come now, the bankers and the MIC need YOUR money to kill kill kill.  be a good serf and get to work.

gh0atrider's picture

The MIC cannot ride this virtual gh0at.

DoChenRollingBearing's picture



(Stay under the radar then..., mix them coins, buy a used laptop for cash at the pawnshop (and don't use it where you use your others), LOTS of wallets, etc.)


Think like a spy...

Pladizow's picture

Perhaps we can get Putin to accept an Obama inversion?

DoChenRollingBearing's picture



90's Child

Diversification.  Bitcoin is well under 1% of what I own.  It seems robust, we'll see.  Bitcoin is not run by Obama either...

gh0atrider's picture

75% in Bitcoin and 25% in copper coins for safety.

DoChenRollingBearing's picture

Well at least the BTC don't weigh much...

52100 steel bearings are our base metal of choice!

gcjohns1971's picture

52100 rockwell?

Can they be formed into penetrators for armor piercing bullets?

DoChenRollingBearing's picture

52100 is the grade of steel (approx 1% C and 1% Cr, it is a fairly hard steel, but will corrode), but we are now treading on ground I do not know much about... *


* Do I ever let that stop me?


Armor pierrcing bullets?  If they would build VERY strong cartridges and put in very powerful propellant, than TUNGSTEN bullets would be my choice

Raymond K Hessel's picture

Economic patriotism is code for confiscation. It's like we live in Venezuela or Nazi Germany. Unbelievable.

Winston Churchill's picture

Indeed, they will use that phrase when they convert your 401k into a Myra account.

Just getting the sheeple used to it before they turn it onto them as a weapon.

Its only fair to the children, that we have economic patriotism.

Catchy heh ?

Capital controls by the back door with FACTA for individuals.

Now they are going for corporate monies. legislsation or EO next.

Uncle Scam is going to steal everything, given time, from its citizens.Its survival

is far more important than yours.2 bn hollowpoints , say I'm right.

nobita's picture

Not exactly raymond.

All companies should pay the same % tax. Some of the huge US corporations have became insanly good at avoiding just that and thus places a larger burden on the corporations and people who do pay their taxes without abusing every loophole.

Socialism is redistribution of wealth which is almost always wrong. Everyone paying the same is fairness. I think.

Chief Wonder Bread's picture

Good point. Control the terms of debate and you control the debate.

Berspankme's picture

If you evade paying any taxes, bloodsucking parasites like Obuttfuck wouldn'texist. Do the right thing sheeple

lolmao500's picture

LOL at economic patrotism. What about he guts the banks and hangs Bernanke, Geithner, Yellen and a bunch of other Keynesians POS? That's economic patrotism.

toady's picture

Sounds about right. 

Blankenstein's picture

How about that Goldman's thief Jon Corzine?  Oh that's right, Obamination is calling him asking him what to do. Then they use taxpayer money to bailout the banksters' bad casino bets.  Fuck Obama and his economic patriotism.  

"The president and I weren't back there blaming Jon Corzine then, you know what we were doing? We were on the phone calling Jon Corzine, literally, I literally picked up the phone and called Jon Corzine and said Jon what do you think we should do?"

A82EBA's picture

my screen says "just concluded"