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Steve "Debt-Is-Good" Liesman Meets Barack "Hope-Is-Better" Obama - Live Feed

Tyler Durden's picture




 

Grab your popcorn as The Socialist Singularity comes to be... We are sure Steve Liesman will ask his 'economics reporter' questions while cow-towing to his glorious leader's position on job-destroying 'minimum wage' increases, unpatriotic (though legal) inversions, Fed-driven inequality, and the massive and unprecedented divergence between "bubble" markets and the minions that make it up... always remember "debt-is-good" but "hope-is-better."

 

Some earlier comments:

  • *OBAMA SAYS INTL BUSINESS LEADERS SEE U.S. AS PLACE TO INVEST
  • *OBAMA SAYS AMERICANS NEED MORE JOB TRAINING FOR OPEN JOBS
  • *OBAMA SAYS COMPANIES RENOUNCING U.S. CITIZENSHIP TO AVOID TAXES
  • *OBAMA: SOME PEOPLE CALL THOSE COMPANIES `CORPORATE DESERTERS'
  • *OBAMA SAYS TAXPAYERS FOOT BILL FOR COS. WITH EVASIVE TAX PLANS
  • *OBAMA SAYS CORPORATE INVERSIONS ARE `WRONG' EVEN IF LEGAL
  • *OBAMA SAYS TAX REFORM CAN PREVENT INVERSIONS, GAMING
  • *OBAMA: U.S. SHOULD REWARD COS. PAYING FAIR SHARE IN U.S.
  • *OBAMA SAYS HE'S INTERESTED IN `ECONOMIC PATRIOTISM'

 

CNBC does not appear to be offering an online feed - click here for link to CNBC Live TV

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Some helpful illustrations as you watch...

Markets vs Minions...

 

And the greatest irony for Obama...

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.

And lastly some helpful advice for the masses...

 

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Thu, 07/24/2014 - 17:03 | 5000438 Agent P
Agent P's picture

Softball on CNBC?.....No.

Thu, 07/24/2014 - 17:06 | 5000449 DoChenRollingBearing
DoChenRollingBearing's picture

I am glad that I sm still at the office.  Or else I would scream...  Yeah, I can predict what softballs LIESman will ask Obama.  I don't want to even know. 

Thu, 07/24/2014 - 17:08 | 5000457 Stackers
Stackers's picture

Pate Stark was the best at describing why debt makes you rich

http://www.youtube.com/watch?v=UjbPZAMked0

Thu, 07/24/2014 - 17:16 | 5000475 knukles
knukles's picture

Is the Matrix broken?

 

BTW, CNBS reports he is in the People's Cube of Kalifonia for 3 days of fundraising for Democrats.
I call Bullshit.
He's here for 3 days of fundraising for the down payment and a big ass muni portfolio to pay the mortgage.

Thu, 07/24/2014 - 17:17 | 5000507 Divided States ...
Divided States of America's picture

Beavis (Liesman) and Butthead (Obummer)

Thu, 07/24/2014 - 17:25 | 5000566 NoDebt
NoDebt's picture

Even 3rd world dictators laugh at our president.  He's not even up to their level.

Thu, 07/24/2014 - 17:55 | 5000808 Luckhasit
Luckhasit's picture

Correction, third world dictators did lau...

Oh wait, we have the kid king in NK.  

Fuck.  It knew it was a wrap when Gaddaffi went down. There's no more left.

Africa dont count, theyll gut there own.

Thu, 07/24/2014 - 19:15 | 5001297 The Alarmist
The Alarmist's picture

Sorry, but Fear is a reaction, and courage is a choice.

Thu, 07/24/2014 - 20:34 | 5001635 Keyser
Keyser's picture

Economic Patriotism?  I've had this conversation with liberals before and they just don't get it... Fucking idiots, all of them... 

Thu, 07/24/2014 - 22:07 | 5001965 El Oregonian
El Oregonian's picture

Who is the REAL Liesman, Steve, or Barry?

Fri, 07/25/2014 - 09:41 | 5003121 Save_America1st
Fri, 07/25/2014 - 13:51 | 5004269 gold-is-not-dead
gold-is-not-dead's picture

MATRIX broke big time

The only place left for global macro debate is ZH comments section. Everything else, information wise, makes no sense and is centrally channeled.

Thu, 07/24/2014 - 17:31 | 5000612 Rainman
Rainman's picture

Rumor is Oblameo is shopping around for a home in Rancho Mirage. Lots of bathouses in nearby Palm Springs I hear....

Thu, 07/24/2014 - 18:03 | 5000861 knukles
knukles's picture

Rumor out here in CA is that it's in escrow

Thu, 07/24/2014 - 17:39 | 5000692 jcpicks
jcpicks's picture

Liquor is quicker

Thu, 07/24/2014 - 20:08 | 5001521 villainvomit
villainvomit's picture

Liesman, what a sorry ass excuse for a thinking human being.  You have got to be on the dole.  Damn, Cap.  At least get some excercise or you are not going to live long enough to enjoy all the money you are getting for the lies and misinformation.

Oh and your guitar playing SUX.

Thu, 07/24/2014 - 17:04 | 5000440 stinkhammer
stinkhammer's picture

lies man!

Thu, 07/24/2014 - 20:35 | 5001639 Keyser
Keyser's picture

I cannot even turn CNBS on anymore, even with the sound off as I have this overwhelming urge to throw something at the TV... 

 

Thu, 07/24/2014 - 17:06 | 5000442 fonzannoon
fonzannoon's picture

"It takes a big person to cry, but it takes a bigger person to laugh at that person"

stephen wright.

Thu, 07/24/2014 - 17:15 | 5000499 Salsipuedes
Salsipuedes's picture

BAM! Genius! Thank you. Seriously....

Thu, 07/24/2014 - 17:10 | 5000450 hedgeless_horseman
hedgeless_horseman's picture

 

 

Liesman's Craigslist ad paid off? 

  • GWCNBCR seeking GBPOTUS for one-on-one cam fun, possibly MOAR.
Thu, 07/24/2014 - 17:13 | 5000489 knukles
knukles's picture

Ok, showing my age and ignorance of social media ....
What are "GW" and "GB"?

Thu, 07/24/2014 - 17:28 | 5000588 NoDebt
NoDebt's picture

Gay White / Gay Black.  Took me a while to figure it out, too.

Fri, 07/25/2014 - 12:34 | 5003903 marathonman
marathonman's picture

Should GW be GJ?

Thu, 07/24/2014 - 17:06 | 5000452 Cruel Aid
Cruel Aid's picture

Enough with the hope mantra

Thu, 07/24/2014 - 17:24 | 5000555 freewolf7
freewolf7's picture

Hope distracts us from what is.

Thu, 07/24/2014 - 17:31 | 5000620 Cruel Aid
Cruel Aid's picture

religion of the left.

Not hope, do...Yoda

Thu, 07/24/2014 - 17:08 | 5000456 ebworthen
ebworthen's picture

I expect a stream of lies, low brow thinking, softball questions, some lobs for Hitlary to hit in the future, and some man love between two bag carriers of the Kleptoligarchy.

Thu, 07/24/2014 - 17:09 | 5000461 max2205
max2205's picture

Full retard

Thu, 07/24/2014 - 17:13 | 5000486 insanelysane
insanelysane's picture

Two idiots walk into a room.....and CNBS starts rolling the video.

Thu, 07/24/2014 - 17:09 | 5000462 LetsGetPhysical
LetsGetPhysical's picture

Cheerleader interviewing the Quarterback. Expect to see a rub and a tug. 

Thu, 07/24/2014 - 17:12 | 5000472 ebworthen
ebworthen's picture

"Guys and Gals in hard hats..."

JHC...did he really just say that?

Yes he did!  Foreward!

We are so fucked.

Thu, 07/24/2014 - 17:12 | 5000479 Cruel Aid
Cruel Aid's picture

fast money vacay for fake money show

Thu, 07/24/2014 - 17:12 | 5000482 stant
stant's picture

Lying ,spying ,thieving loser

Thu, 07/24/2014 - 17:12 | 5000485 Taterboy
Taterboy's picture

"Okay Steve, let's play Man's Country. I'll be the big eared mullato state  politican from Chicago and you be the fat middle-aged white guy. Now you get down on your knees and ..."

Thu, 07/24/2014 - 17:13 | 5000493 ebworthen
ebworthen's picture

The "Plants vs. Zombies" sound track and effects go well with this interview.

I'm playing while listening to this in the background.

Thu, 07/24/2014 - 17:15 | 5000498 TheSecondLaw
TheSecondLaw's picture

It's a circus.  The whole thing is a fucking circus, with that surreal, dark edge that a circus always has...desperate, but funny.  No, wait, not a circus, a dance hall in the Depression, and the MC, Mr Obummer, shouts:  "Yeowzer, yeowzer. yeowzer!" and we all dance. until we die. Time to shoot the horse.

Thu, 07/24/2014 - 17:19 | 5000514 knukles
knukles's picture

"dark edge of the carney"
brilliant visuals of the gimps, geeks, drunks, pickpockets, smell, tent posts and rope, dirt, hookers, bodies, campfire ... why, a traveling rendition of Hell....  populated by the  lost, helpless and insane ....

Fri, 07/25/2014 - 01:22 | 5000515 Salsipuedes
Salsipuedes's picture

"They Shoot Children Don't They?" (Undoubtedly coming to theaters near you!)

Thu, 07/24/2014 - 17:16 | 5000501 world_debt_slave
world_debt_slave's picture

the Monster lives!

Thu, 07/24/2014 - 17:19 | 5000519 QQQBall
QQQBall's picture

$17Billion in 10 years - shit the FED does that in a week still

Thu, 07/24/2014 - 17:49 | 5000759 ebworthen
ebworthen's picture

The banks/corporations will NEVER allow taxes to be raised or loopholes to be eliminated so that they pay the same taxes as a citizen.

The CONgress on both sides is BOUGHT AND PAID FOR.  All it will take is more bribes to keep it that way.

Welcome to the U.S.A. Debt Serf Plantation!

Thu, 07/24/2014 - 18:00 | 5000826 Dre4dwolf
Dre4dwolf's picture

There is no such thing as economic patriotism, when your country doesn't even have defined borders, or a sensible tax policy that works fairly for everyone.

 

One flat rate for all, and no other taxes, or GTFO.

Everyone just chip in 10% no sales tax, no property taxes, no gasoline taxes etc.... only one flat rate tax for the entire country 10% of all income.... with a stipulation to increase it 1% every 10 years to a maximum of 25%.

There you go, you now have a 25 year tax plan that everyone understands, and tax revenue will grow after the 2nd year because more people will come and work here and pay more taxes.

The proper way to generate more tax revenue is to get more people working and working longer hours, you don't jack tax rates on companies up, force them to fire people and then expect tax revenue to remain sustainable, this is analogous to eating the taxpayers savings, it might increase tax revenue for a few cycles, but in the long-term eventually the corporations or individuals will not have enough $$$$ to pay up.

 

High Tax Rates on the long term

1) Destroy savings (of corporations and individuals)

2) Destroy jobs force everyone on part time

3) Destroy consumption (people buy less)

4) Destroy incentive to work (I only keep x% of my money, why the fuck should I work hard?)

 

How many years of that kind of mentality do you think an economy can survive?

 

The only reason things are still operating as well as they do is BECAUSE OF TAX EVASION, without it , the economy would of completely imploded a year ago.

 

The U.S. Govt doesn't offer the American people or corporations anything of equal value for the tax revenue it recieves, the govt just takes your money and wastes it for the most part on useless shit like 1,000,000$ golf lessons for Obama.

Thu, 07/24/2014 - 18:28 | 5001019 buyingsterling
buyingsterling's picture

+1, but 98% of the money is spent on buying power or spent to maintain existing power relationships. The other 2% goes for constitutional functions of government.

Thu, 07/24/2014 - 20:13 | 5001542 Tulpa
Tulpa's picture

You can't reward campaign contributions and socially engineer with a flat tax, silly.

It is cute to see talk of economic patriotism from people whose entire income and net worth has been taken from Americans by the threat of jail.  Maybe B.O. can demonstrate his economic patriotism by not allocating a separate helicopter for his dog next time they visit Martha's Vineyard.

Thu, 07/24/2014 - 19:09 | 5001270 AllWorkedUp
AllWorkedUp's picture

 "while cow-towing to his glorious leader's position on job-destroying 'minimum wage' increases, unpatriotic (though legal) inversions, Fed-driven inequality, and the massive and unprecedented divergence between "bubble" markets and the minions that make it up... always remember "debt-is-good" but "hope-is-better."

Typical usurious liberal socialist communist Jew, kissing the ass of a Zionist Neocon selected President, chosen to destroy the USA.

 

Thu, 07/24/2014 - 20:02 | 5001497 Emergency Ward
Emergency Ward's picture

Be happy he is only cow-towing instead of kowtowing.

Thu, 07/24/2014 - 20:07 | 5001517 Tulpa
Tulpa's picture

Of course B.O. goes to CNBC.  It's the only network with lower ratings than himself.

Thu, 07/24/2014 - 20:29 | 5001619 thorsmjollnir
thorsmjollnir's picture

It's going to be a circle jerk of two.

Fri, 07/25/2014 - 02:28 | 5002445 Titus
Titus's picture

That tweet brought a bit of vomit to the back of my throat.

Fri, 07/25/2014 - 03:23 | 5002499 Gusher
Gusher's picture

I am continually shocked how naive Steve Liesman is.  Santelli tries to educate him every week, but nothing seems to take...

Fri, 07/25/2014 - 06:35 | 5002661 RazvanM
RazvanM's picture

You should grow a bigger ass hole and you will feel only the pleasure to be fucked. The hope that you will feel good is better than the pessimism about you being fucked in the ass.

Fri, 07/25/2014 - 07:32 | 5002741 IANAE
IANAE's picture

Cynicism = an inclination to believe that people are motivated purely by self interest; skepticism

Hope = a feeling that something good will happen or be true

 

Denial = a condition in which someone will not admit that something sad, painful, etc., is true or real

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