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...

  • *OBAMA SAYS CORPORATE INVERSIONS ARE `WRONG' EVEN IF LEGAL
  • *OBAMA SAYS HE'S INTERESTED IN `ECONOMIC PATRIOTISM'
  • *OBAMA: U.S. SHOULD REWARD COS. PAYING FAIR SHARE IN U.S.

Time for some retroactive executive actions...

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Thu, 07/24/2014 - 16:39 | 5000305 DoChenRollingBearing
DoChenRollingBearing's picture

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

That's why...

Thu, 07/24/2014 - 16:39 | 5000309 90's Child
90's Child's picture

Why do you invest in Bitcoin?

Thu, 07/24/2014 - 16:42 | 5000320 gh0atrider
gh0atrider's picture

PHUckING Bitcoin!!! YEAH!

Invest that shit!

Thu, 07/24/2014 - 16:45 | 5000347 Pladizow
Pladizow's picture

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

 

Thu, 07/24/2014 - 16:47 | 5000359 XenoFrog
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".

Thu, 07/24/2014 - 16:50 | 5000377 DoChenRollingBearing
DoChenRollingBearing's picture

Excellent observation.

+ a billion

Thu, 07/24/2014 - 17:06 | 5000447 max2205
max2205's picture

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

Thu, 07/24/2014 - 17:31 | 5000621 nobita
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.

Thu, 07/24/2014 - 18:03 | 5000866 darteaus
Thu, 07/24/2014 - 18:11 | 5000904 N2OJoe
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.

Fri, 07/25/2014 - 07:51 | 5002781 Lostinfortwalton
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.

Thu, 07/24/2014 - 18:12 | 5000932 Reaper
Reaper's picture

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

Thu, 07/24/2014 - 18:52 | 5001162 Umh
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.

Thu, 07/24/2014 - 16:53 | 5000386 90's Child
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.

Thu, 07/24/2014 - 17:03 | 5000437 Phillycheesesteak
Phillycheesesteak's picture

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

 

http://www.taxpolicycenter.org/briefing-book/background/numbers/revenue.cfm

Thu, 07/24/2014 - 17:21 | 5000529 Winston Churchill
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.

Thu, 07/24/2014 - 17:23 | 5000547 snr-moment
snr-moment's picture

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

Thu, 07/24/2014 - 17:25 | 5000575 CuttingEdge
CuttingEdge's picture

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

Thu, 07/24/2014 - 17:33 | 5000634 snr-moment
snr-moment's picture

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

Thu, 07/24/2014 - 18:03 | 5000855 darteaus
darteaus's picture

Stop smoking bath salts.

Thu, 07/24/2014 - 20:09 | 5001529 NumNutt
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.....

Fri, 07/25/2014 - 08:50 | 5002947 StandardDeviant
StandardDeviant's picture

I'm assuming that was sarcasm.

Thu, 07/24/2014 - 17:05 | 5000445 fuu
fuu's picture

Wow, who knew Gene Simmons was a ZH poster.

 

Can you autograph my Double Platinum Live album?

Thu, 07/24/2014 - 17:49 | 5000772 twh99
twh99's picture

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

Thu, 07/24/2014 - 18:58 | 5001217 Umh
Umh's picture

That's when you pay instead of me.

Thu, 07/24/2014 - 18:55 | 5001204 mc225
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.

Thu, 07/24/2014 - 16:45 | 5000350 Raymond K Hessel
Raymond K Hessel's picture

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

Thu, 07/24/2014 - 17:23 | 5000559 Harbanger
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. 

Thu, 07/24/2014 - 16:42 | 5000323 SheepRevolution
SheepRevolution's picture

Economic patriotism = Don't pay income tax

Thu, 07/24/2014 - 16:43 | 5000327 gh0atrider
gh0atrider's picture

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

Thu, 07/24/2014 - 16:44 | 5000331 john39
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.

Thu, 07/24/2014 - 16:45 | 5000342 gh0atrider
gh0atrider's picture

The MIC cannot ride this virtual gh0at.

Thu, 07/24/2014 - 16:52 | 5000360 DoChenRollingBearing
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...

Thu, 07/24/2014 - 16:43 | 5000324 Pladizow
Pladizow's picture

Perhaps we can get Putin to accept an Obama inversion?

Thu, 07/24/2014 - 16:43 | 5000326 DoChenRollingBearing
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...

Thu, 07/24/2014 - 16:44 | 5000330 gh0atrider
gh0atrider's picture

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

Thu, 07/24/2014 - 16:48 | 5000366 DoChenRollingBearing
DoChenRollingBearing's picture

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

52100 steel bearings are our base metal of choice!

Thu, 07/24/2014 - 17:25 | 5000577 gcjohns1971
gcjohns1971's picture

52100 rockwell?

Can they be formed into penetrators for armor piercing bullets?

Thu, 07/24/2014 - 17:35 | 5000644 DoChenRollingBearing
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

Thu, 07/24/2014 - 16:43 | 5000329 Raymond K Hessel
Raymond K Hessel's picture

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

Thu, 07/24/2014 - 16:45 | 5000345 DoChenRollingBearing
DoChenRollingBearing's picture

Yes, ominous parallels...

Thu, 07/24/2014 - 16:54 | 5000396 Winston Churchill
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.

Thu, 07/24/2014 - 16:57 | 5000408 DoChenRollingBearing
DoChenRollingBearing's picture

+ moar 9mm hollow points

Thu, 07/24/2014 - 17:37 | 5000672 nobita
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.

Thu, 07/24/2014 - 17:46 | 5000741 Chief Wonder Bread
Chief Wonder Bread's picture

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

Thu, 07/24/2014 - 16:46 | 5000354 Berspankme
Berspankme's picture

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

Thu, 07/24/2014 - 16:40 | 5000308 lolmao500
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.

Thu, 07/24/2014 - 16:42 | 5000321 toady
toady's picture

Sounds about right. 

Thu, 07/24/2014 - 19:24 | 5000730 Blankenstein
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?"

 

http://www.youtube.com/watch?v=xm3VMrKqJSA

Thu, 07/24/2014 - 16:40 | 5000311 A82EBA
A82EBA's picture

my screen says "just concluded"

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