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Obama To Corporate CEOs: "If You Have A Complaint, You Can Keep your Complaint"
President Barack Obama has a direct message for the leaders of America’s biggest companies: if you have a complaint, you can keep your complaint. "If you look at what’s happened over the last four or five years, the folks who don’t have a right to complain are the folks at the top," Obama said in an interview with The Economist published over the weekend. As The WSJ adds, Obama maintained that complaints from corporate CEOs in the current environment should be taken with “a grain of salt” as most policies he has implemented have "generally been friendly towards business."
Original interview with The Economist:
Excerpts from the interview via The Wall Street Journal,
“They always complain about regulation. That’s their job. Let’s look at the track record. Let’s look at the facts. Since I have come into office, there’s almost no economic metric by which you couldn’t say that the US economy is better and that corporate bottom lines are better. None."
“So if, in fact, our policies have produced a record stock market, record corporate profits, 52 months of consecutive job growth, 10 million new jobs, the deficit being cut by more than half, an energy sector that’s booming, a clean-energy sector that’s booming, a reduction of carbon pollution greater than the Europeans or any other country, a housing market that has bounced back, and an unemployment rate that is now lower than it was pre-Lehman - I think you’d have to say that we’ve managed the economy pretty well and business has done okay."
“There are always going to be areas where business does not want to be regulated because regulations are inconvenient.”
In the interview, Mr. Obama said corporations should try to improve the livelihood of the middle class through higher-paying jobs. He noted that wages and incomes have been stagnant for roughly two decades.
“The reason I’m concerned about this is not in any way a punitive notion,” Mr. Obama said. “Oftentimes, you’ll hear some hedge-fund manager say, ‘Oh, he’s just trying to stir class resentment’. No. Feel free to keep your house in the Hamptons and your corporate jet, etc. I’m not concerned about how you’re living.
“I am concerned about making sure that we have a system in which the ordinary person who is working hard and is being responsible can get ahead and are seeing modest improvements in their life prospects, if not for themselves, then certainly for the next generation,” he added.
* * *
... President Obama was later seen heading to a major fundraiser led by one of America's most successful business leaders...
* * *
So - thank me for the recovery, but don't blame me for the inequality... an ironic truth we have explained a number of times:
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 money-printing 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.
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Welcome to Omerika!
Hmmm, these "folks" sure do get around.
The sack o shit in chief be speaking.
Well, bumping his gums, at least.
Joker didn't work a single day in real sector and was voted into office on unicorns and rainbows.
Well, he admits that the top guys have done extremely well while "his" electorate - small/middle guys - are worse off than before.
And then there is the Cold War with Russia that this moron has started. Something that even the much moronicer GWB didn't do.
Yes, Barry you can keep your performance over the past 6 years if you like it!
What a freakin' disgrace of a "president".
.
hey, how do you know when the US President is lying?
many ways....
A) his lips, are they moving
B) is he asking for war?
C) is he condemning a nation for being failed?
D) is he delivering proof of aggression & outrage while never mentioning crimes against humanity, crimes of torture, crimes of kidnapping, crimes of police states, Dirty Wars, or genocide by other nations?
E) does he fail to act against secret or otherwise well known prisons off shore
F) does he protect & increase budgets for secret spy agencies... along with the many legislative acts & even signs Presidential orders to expand police state & spying powers?
Well this is Police Powers of the USSR with US mega Funding.
Obama is Right Wing of your KKK.
Hey Chalky, stop money printing or
Go go get your shinebox!
pods
"Fuck off, Washington."
And CEOs say: "OK, see ya." Offshore they go.
"If you look at what’s happened over the last four or five years, the folks who don’t have a right to complain are the folks at the top,"
...he says while having servants he doesn't pay for pack his bags, so he can hop on MY CORPORATE JET and go to Maaahhhthahs Veeenyahd to sleep in a house he doesn't own, for three weeks of PAID VACATION by me and of course, hit up the same fat cats for some cash at a fundraiser.
Whatadouche.
And, don't forget, access to all the exclusive bath houses that that money can buy.
and their wenches... Well at least the Secret Service is taking advantage of those wenches I assume.
Spider get me a ciutty and water...what am
I a mirage?
Thank you President Obumba for this HUGE ECONOMIC RECOVERY!!!! LOL!!!!!
You forgot to thank me for the free sunshine I'm giving to you....
Kind of feeling left out here...
Barry already knows you thank him-
"Let’s look at the track record. Let’s look at the facts. Since I have come into office, there’s almost no economic metric by which you couldn’t say that the US economy is better and that corporate bottom lines are better. None."
"Let’s look at the track record. Let’s look at the facts. Since I have come into office, there’s almost no economic metric by which you couldn’t say that the US economy is better and that corporate bottom lines are better. None."
The economic metrics have been manufactured and manipulated by this regime and are utterly worthless. The bottom lines of the TBTF banks that put Barry into office are better thanks to bailouts from taxpayers.
Capital is worthless today in the USA. By the time you're liscensed and insured, taxed and regulated at local, state and federal levels-there's little else left for the entrepreneur he can't get easier , elswhere, with less risk.
Throw in that any little guy doing more for less treading on some giant corporate toes gets his computer contents and bank account contents dumped in the lap of MegaCorp courtesy NSA
The USA is closed for business until at least the fourth Amendment means something once again. Probably also requires the eradication of about 50% of all govenment regulation and 50% across-the-board tax cuts to get things seriously jump-started in the USA
Unitl that happens we will get to enjoy one Dem-Repub quasi-dictator after another taking turns running the shit-show.
"... By the time you're liscensed and insured, taxed and regulated at local, state and federal levels-there's little else left for the entrepreneur he can't get easier , elswhere, with less risk."
So secede from this practice of running to these rulers and declare your independence. I have had 4 businesses over the last 34 years and I NEVER ask for permission or license nor do I follow any of their rules. I never have collected any sales taxes or made any kind of report about the money I make. It can be done but you must stop thinking that they own you. They are going to kill you (your liberty) if they have not already.
Secede or die. Person by person, business by business, county, state, secede!
Omerika;
This is a Problem:
Not only did the liquidity go to purchasing their own stocks and probably to enhance financial portfolios...
- There is a systemic loss of smaller US Banks (Credit Unions did well in 2008, but perhaps they are targets now or now have poor manager who came from larger banks)
http://research.stlouisfed.org/fred2/series/USNUM (total number of Banks, Downward Trend)
- Public debt/government debt increased by 1970 from Vietnam which caused a lot of hand wringing
http://research.stlouisfed.org/fred2/series/GFDEBTN (Chart doesn't show Ronald Reagan Spending very well, Probably since there are accounting tricks/strategies where agencies use bonds for Trust Funds)
- Household Debt Increased from the 1980s
http://research.stlouisfed.org/fred2/series/HCCSDODNS (I think this is the chart, Steep Increase Mid 1980s, then leveled off then steep increase mid 1990s)
- Wikipedia: Household Debt $12.9 trillion by Q2 2012
- By 2013 looks like maybe $13.199 Trillion http://research.stlouisfed.org/fred2/series/CMDEBT Households and Nonprofit Organizations; Credit Market Instruments; Liability, Level
- And looks like Total US Debt $60-62 Trillion
- Private Banks don't Invest or Encourage CAPEX Capital Expenditures or good Capital Formation though in a Recess or a Depression, Seems like we need Public Banks or Credit unions or Government to do that.
- $12.2 trillion Federal Government Liabilities after adjustment for investments in 2013 Table 6 Final Monthly Treasury Statement
- $16.6 trillion Federal Government Total Treasury Securities issued as of 30 September 2013 Table 6 Final Monthly Treasury Statement
http://www.bea.gov/newsreleases/international/intinv/iip_glance.htm ($26 Trillion foreign compared to $22 for US) (This is very interesting as Big Banks are growing strongly, but the number of total us banks is dramatically decreasing, like someone is gaming the system, Commercial Banks in the U.S. - FRED - St. Louis Fed)
- $59.398 T All Sectors; Credit Market Instruments; Liability, Level
http://research.stlouisfed.org/fred2/series/TCMDO
http://research.stlouisfed.org/fred2/series/USNUM (total Banks)
But who IS INVESTING IN THE USA?
Rest of the world; foreign direct investment in U.S.; asset, Level
2014:Q1: 3,249,001.2 Millions of Dollars (+ see more)
Quarterly, Not Seasonally Adjusted, ROWFDNQ027S, Updated: 2014-06-05
compare
Gross Private Domestic Investment
2014:Q2: 2,829.3 Billions of Dollars (+ see more)
Quarterly, Seasonally Adjusted Annual Rate, GPDI, Updated: 2014-07-30
http://research.stlouisfed.org/fred2/series/GPDI
US Banker are Nazis, Federal Reserve are Fascist.
Nuff Said.
http://research.stlouisfed.org/fred2/series/ROWFDNQ027S
To a man with a hammer (& Sickle) all the worlds problems look like a nail.
If you have no hammer, a complementary nailgun will be provided to you
All that's missing is a project like building a hughe canal that's just to small but that needs every unemployed person to work on it. They might even get a shovel if they're nice.
I'm just so sure that bugger will want to start a big project in which "future generations will remember him by"....
Wanne bet?
Well, there is Obamacare.
The master of whine tells those who actually produce to "sit down, shut up, and get out of the way."
Not sure I would say a CEO is responsible for anything other than his/her own bonus. It's not they are actually doing any real work that turns into products after all.
My last pay check was $9500 working 12 hours a week online. My sisters friend has been averaging 15k for months now and she works about 20 hours a week. I can't believe how easy it was once I tried it out. This is what I do... http://goo.gl/bhiamE
get the fuck off of here obama
There seems to be a lot of this shit lately. Not cool.
MH17FLIGHT:
Since you're working so hard, maybe you should take a week or 2 off...maybe vacation to Liberia, or Sierra Leone. The weather's really nice in Nigeria this time of year.
Lightweight!
I'm making tons more, I play golf every week, I get a phone and a pen, I work, maybe, 10 hours/week.
EVERYBODY want to be my BEACH! Life is GREAT!!
http://www.eurweb.com/wp-content/uploads/2013/09/Obama.jpg
And to imagine he's better at golf than he is at public speaking - and he still can't make a double-digit final score on the links.
Yeah fuck all that shit, when's tee time???
Today a big topic is the huge growth in inequality. Those who look closely understand that it is not the 1% at the top stealing the icing off the cake, but the much smaller .1% or .01% that are skewing the numbers and overreaching.
I contend the biggest problem is the massive growth in crony capitalism and corruption in Washington. Much of this can be attributed to the ability of those in control "changing the rules" and positioning themselves to benefit at every corner. In our busy and complex world we have found it impossible to watch all the moving parts. More on this subject in the article below.
http://brucewilds.blogspot.com/2014/05/how-empires-collapse.html
AdvancingTime,
Well said!
Inequality, crony capitalism, look closely understand.
Good luck overcoming all the indoctrination and misuse of words.
Wow that's really news. Thanks.
Got this picture in my mind of Barry, Hitlery, Geithner, McStain , Bernanke and the rest on a slow spit roast.
Ebolanomics!
(too soon?)
Courtesy of the Obama administration we'll soon be an Ebolanation.
Increasingly he's becoming more unhinged. I warned you all and this is not something he would have said in his first term.
Does Warren Buffett's secretary still pay more in taxes than Buffett does? Thought so. Warren wants to pay more in taxes and they are going to get right on that after O wins the next election.
Brilliant - claiming a reduction in "carbon pollution" because of the continued gutting of manufacturing and the shutting down of coal power plants, driving energy prices upwards.
Edward Bernays would be proud.
That m-f'er is bought and paid for by the big boys so as far as I'm concerned it just a case of obama uttering more bull spit.
Yup, fodder for the believers in "hope and change".
Also grist for the conservative mill.
Distraction at its best.
And so will be Hillarious. It's sure already 99.9999% that the bitch will be elected.
Why?
Because most of the lemmings are retarded morons who deserve what they'll get.
So does this mean its no longer Bush's fault?
This guy is such an obnoxious piece of shit. What makes him worse than other clowns like Bush is just the arrogance Obombya has and how he simply likes to see how much blatant bullshit he can spew forth before people call him out on it which he mainly knows they won't because it's somehow racist to state the truth about that useless twat.
What is this assclown legacy going to be, improving his handicap and turning the US into a Third World Banana Republic (Without the beaches, cheap liquor, and cuban cigars)?
Actually, fuck a bunch of CEO's.
GE pays Zero taxes, even gets a refund. It's a laugh that they are doing this corporate tax dance. For the many companies that pay almost nothing because of loopholes what is dropping the rate down to 15/20% going to do for them. This is all about the back end, where included in the bill will be the reparation of all offshore monies for pennies if anything on the dollar in taxes. The last time they did this the rich got richer. Go check it out for yourself.
.
Ummm, I believe they refer to it as being highly taxed at a rate of negative 45.3 percent.
But hey, when your legal department writes the federal tax code, you want to make sure that you're doing everything correctly.
Can't say it too much.
http://www.weeklystandard.com/blogs/ge-filed-57000-page-tax-return-paid-no-taxes-14-billion-profits_609137.html
The fundraiser and chief said everything is doing fine and the corporations,folks, should shut the fuck up. Wish they would tell him to shut the fuck up and cut off all democrat and republican campaign money. These assholes in Washington have no clue about the real world. When our kids finish growing up and they cant buy shot guess they will show the politicians their appreciation for this killer economy. Ill be sitting back and laughing my ass off.
Obama is too busy playing 18 glory holes a day to worry about middle class jobs.
Gawd, did you ever hear a guy so full of himself? I wonder if he knows all the numbers are fake. I just can't believe that a guy can be so out of touch that he really believes what he is saying. The people he is surrounded by has to be feeding him a load of crap....... Oh yeah Obama, you're the best, the numbers have never looked better, and folks have no right to complain.
Don't get me wrong, I think he's an evil prick, but I just can't believe that anybody can be so out of touch that they can spew that delusional line of bullshit.
Google Malignant Narcissist.
for once i agree with the big eared jihadist.
he, along with the albino gremblin (yellen) made damn sure and worked very hard to line the pockets of the 1%, CEOs included.
now those ungrateful CEOs want to bite the hand that fed them.
homey don't play dat, right caliphate obama
Go fuck yourself Obama! The ebola of America. We're bleeding from every orifice. Especially the Oval Orifice.
He's rignt! In his administration corporate CEO's have made out like bandits. The rest of us: not so much.
Blame the companies but don't blame...or even find criminal malfeasance...among the "financial wizards"?
At least Boeing produces an airplane.
And just how clean is our Governmet linen again?
These CEO folks are paid to know what is really going on too. How much for a single F-35 again?
"Not as much as a single line item in a tax bill"? Meh. These numbers simply defy belief to me (especially relative to wages.) A trillion dollars? And "no crime was comitted"? And this was a war against the Taliban?
Somebody was doing something wrong...and I don't think it's name is "IBM."
GFC, staged photo op much? There's probably 10 Leprechauns outside 'AF-0' blowing unicorn dust to give the impression it's airborne.
Raise your hand if you're sick of this faggot.
“I am concerned about making sure that we have a system in which the ordinary person who is working hard and is being responsible can get ahead and are seeing modest improvements in their life prospects, if not for themselves, then certainly for the next generation"
Wow, makes me feel so warm and fuzzy...and safe - it's amazing we have elected a leader that actually cares about the little folk! In the words of one doe-eyed dipshipt after hearing of his first "election" *Gosh, isn't everything just so AMAZING!?!" Yeah, it's all better now - please return to your assigned bleeding stations.
“I am concerned about making sure that we have a system in which the ordinary person who is working hard and is being responsible can get ahead and are seeing modest improvements in their life prospects, if not for themselves, then certainly for the next generation"
Wow, makes me feel so warm and fuzzy...and safe - it's amazing we have elected a leader that actually cares about the little folk! In the words of one doe-eyed dipshipt after hearing of his first "election" *Gosh, isn't everything just so AMAZING!?!" Yeah, it's all better now - please return to your assigned bleeding stations.
Barry has to be the most annoying politician out there.
He fucks things up beyond belief, spews crap, and then blames others.
Just one of those geeks in school that you want to pound on and then stuff in a locker.
Do they make lockers big enough for his head ?
It will need several mirrors as well.
I want to return this Margaritaville! My dad bought it on a payment plan set up by a finance company that got investors from Wall Street who combined it into securities sold to the banks who transferred it to you!
More folk talk.
Too bad most folks don't trade stocks like other folks.
This "folks" thing must be more contageous than the ebola virus, and I fear it has established itself in the Oval Office. When W said it, as part of pretending to be a Texan, it almost made sense, in the context of real men doing manly things, like clearing brush in Crawford. But if you're torturing people, don't call them "folks." And don't refer to the TBTF bankers in the corner offices as "folks." They're not.
"...if you're torturing people, don't call them "folks."..."
Good call. Who's writing this teleprompter?
I recall reading a Thai war museum wall on which the translaters used a direct translation - the result, "Hiroshima was destroyed in a jiffy."
Exciting News! Michelle is going to be on the cover of the next Men's Health Magazine :)
Can't believe he's not been false flagged . he thinks he's Gona force Putin out in coup or something with sanctions,when his own ass that's in trouble
Squealer was sent to make the necessary explanations to the others:
with obama you really have to ignore things he say and watch what he does ... he will make public statements criticising wall-street, multinational company ceos, israel, etc only to turn around and bail 'em out, gift them with billions of tax payers money and in case of israel send them more weapons of mass killing ...
"It's not just about resources"
hahahahaha
"Developing human captial"
That's news?
"Communications"
hahahahah
What a joke.
Come to him with "donations" instead. You can pick your prizes depending on the level you contribute like trying to merge 2 of the shittiest cable companies, golfing, and dinner at the white house!
I guess he's starting to realize that the people who voted him in think that he's a fag and that he wasted 8 years of his life. A little too late to try and grow a set though.
toby getting uppity
The smartest man in the room spits out an "uuhhhhh, aahhhh, duuuuhhhh" about as often as he says "me, my, I".
They called Bush a dumbass, at least he could communicate in complete sentences.
This performance wouldn't earn a passing grade in a high school public speaking class.
Obama sure is an asshole.
http://www.youtube.com/watch?v=kQC5bQKPj6o
So, he's admitting his policies over the last 4-5 years have fucked over everyone but the top 1%?
That was my take.
"Look folks, if you're in the Free Shit Army, the Democratic Party, the UAW, or the top 1%: during these last five years I've schemed and scammed everyone else to make you happy so you have no right to complain."
Dude is a fucking dipshit.
Hey FAGGOT (Obama); if we want your opinion, we'll give it to ya!
Here's some more good stuff, Glaxo Smith Kline putting old drugs up for bid, like Imetrix for Private Equity companies to bid on..so how about Imitrex by Blackstone, or Zofran by Bain..these are drugs off patent so now pharma wants to shed them into no man's land. It's a new area for PE...
http://ducknetweb.blogspot.com/2014/08/private-equity-firms-exploring-op...
He just loves telling Folks how they should be thinking doesn't he?
This is going funnier and funnier.
Once again, 'american' economics at work: everything should be made to help the 'american'middle class. It is just that some recipes that were supposed to work, like making more way for the rich (generosity toward the rich is the greatest generosity), do not work. But those are 'american' recipes and they are applied. Therefore, an 'american' who uses them can not be blamed.
The irony is how avoidance of talking about 'americanism' and its inner workings is growing bigger and bigger.
The 'american' negro applies the 'american' recipes, in this, he cant be held responsible, his 'american' ways are flawless. Therefore, he cant be responsible for them not working. Those responsible for it are the ones who, once put in the good 'american' conditions, are supposed to deliver.
Corporations are neither responsible, even though they are supposed to make it all work.
The 'american' middle class have grown way too fat and no effort can maintain it or grow it. There are not enough resources around the world to support an 'american' middle class as big as it is right now.