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Sam Zell Asks If Obama "Wants To Work With Anyone To Create Anything?"

Tyler Durden's picture




 

Outspoken realist billionaire Sam Zell tells Fox's Maria Bartiromo, "the US economy is bifurcated," noting that "the very top has done very well as The Fed's QE 'saved the system'," but, he adds, the 90% that did not benefit from that "have seen wages go down and the recent election showed a lot of discomfort and a lack of trust." A hopeful money-honey asks whether the president will work with the Republicans to improve this situation, Zell lashes back, "isn't the question whether the president wants to work with anybody to create anything?"

 

At 4:45, Zell discusses the market, "the stock market does not reflect what's going on in the economy." "Holding cash is a better holding than investing in an over-valued stock market"

 

Via Fox News,

 

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Tue, 12/02/2014 - 21:38 | 5511021 Irving Phelps
Irving Phelps's picture

I think Maria has her head still shoved up her MSNBC ass! The news doesn't change just because you switch networks you dumb bitch!

Tue, 12/02/2014 - 22:23 | 5511150 MalteseFalcon
MalteseFalcon's picture

What does Sam want here?  He's part of the .01%.  He's cleaned up during Obama's term.  What's this all about now?

Tue, 12/02/2014 - 23:05 | 5511297 armageddon addahere
armageddon addahere's picture

Obama is through. He was elected for the second time in 2012 and can't run again. Sam and the boys are just about finished with him.

Sam is setting himself up to be one of the first guys who was smart enough to see through Obama, and set himself up as the next President's early supporter.

Wed, 12/03/2014 - 09:14 | 5511999 RaceToTheBottom
RaceToTheBottom's picture

Maria is just trolling for her next corporate flight....

Tue, 12/02/2014 - 21:39 | 5511028 Richard Chesler
Richard Chesler's picture

He wants to work with Reggie to create Packed Fudge.

 

Wed, 12/03/2014 - 09:52 | 5512132 whirling tword ...
whirling tword freedom's picture

He won't be happy until we're all constipated.

Tue, 12/02/2014 - 21:38 | 5511029 NoDebt
NoDebt's picture

Damn, Sam, you should know better by now.  You're a hypocritical lib whose ridden the system for your own benefit a long time.  You know how the game works.  You really think Obama would even know HOW to create anything besides strife, derision, hatred and crippling dependency?

Tue, 12/02/2014 - 22:12 | 5511114 red1chief
red1chief's picture

A Lib? I saw the guy speak, he's a radical right winger. I suppose that's ok, but I don't understand the crocodile tears for wage earners.

Tue, 12/02/2014 - 23:29 | 5511353 NoDebt
NoDebt's picture

He is absolutely nothing like a radical right winger.  He's as tied into various government programs as you can get.  He has a thin veneer of "caring about people" but where he makes bank has everything to do with statism.  He just wishes the state was run a little more competently because he's seeing it risk imploding on itself in short order if it keeps going the way it is now. 

Wed, 12/03/2014 - 06:12 | 5511741 oudinot
oudinot's picture

Zell is an illiterate right winger, period.

Wed, 12/03/2014 - 08:04 | 5511833 Keyser
Keyser's picture

Considering that Sam is a billionaire, I would say he's done right well for someone that can't read or write... 

 

Tue, 12/02/2014 - 22:19 | 5511140 umdesch4
umdesch4's picture

A better question would whether or not the people who program the teleprompter he reads from want to work with anyone to create anything...

Tue, 12/02/2014 - 21:39 | 5511031 clipboard man
clipboard man's picture

I'm beginning to wonder if I will be around to see this pile of shit charade crash and burn. I despise the puppet masters so.

Tue, 12/02/2014 - 21:44 | 5511043 kowalli
kowalli's picture

you need 2 more years

Tue, 12/02/2014 - 22:01 | 5511076 booboo
booboo's picture

about...Zero ain't walking away without his ass hairs on fire and some emergency dictates from on high absolving bankers of any crimes, his successor will be standing at his side nodding his head in approval. The kind of measures that will need to be taken will need both party leaders on the same page so the sheep will follow.

Tue, 12/02/2014 - 21:53 | 5511065 DOGGONE
DOGGONE's picture

Get this in EVERY face!
http://patrick.net/forum/?p=1223928

Tue, 12/02/2014 - 21:59 | 5511070 Dead Man Walking
Dead Man Walking's picture

Sam Zell is the trailer park king. New arrivers, after losing their home in foreclosure think it's only temporary, but sam explains that they check in, but never check out. He's loving this bad economy.

Real estate mogul?  Maybe. Slum Lord ? Definately.

Tue, 12/02/2014 - 22:11 | 5511105 Ignatius
Ignatius's picture

Zell is a thief.  Old game of raiding the pension fund when he bought Chicago Tribune.  He's currently being sued according to Michael Hudson.

Fuck him, I hope he chokes on a razor blade.  He doesn't build value, he steals it, and we're stuck listening to his shitty opinions.

Tue, 12/02/2014 - 21:58 | 5511072 ebworthen
ebworthen's picture

Ole nugget nipples Bartiromo still at it.

Zell is right about the bifurcation and the 90% getting a raw deal while guys like him roll in the money.

Lucky for the elites that they have the FED, .gov, and the MSM to play the shills in the Wall Street three card monte.

Tue, 12/02/2014 - 21:58 | 5511074 Berspankme
Berspankme's picture

Bifurcated as Zell says we need moar cheap labor immigrants to drive down wages? Fuck You Sam, you got corporate jizm running down your chin

Tue, 12/02/2014 - 22:02 | 5511083 Dead Man Walking
Dead Man Walking's picture

he wants to sell the immigrants trailer park lots. Let 'em all in !

Tue, 12/02/2014 - 22:15 | 5511125 nmewn
nmewn's picture

Bingo.

There's not a dimes worth of difference on illegals being made legal in OUR country between Obama, Boner & McCrapell. All you legal immigrants, who stood in line, patiently waiting, following the rules...you were suckers. All you unemployed, lower middle class blacks who are about to have further wage pressure/competition...you were suckers too. 

In the infamous words of Mike Browns step-daddy: "Burn this bitch down."

Wed, 12/03/2014 - 00:03 | 5511421 sosoome
sosoome's picture

Neither party wants to fix the illegal imigration problem. It's been clear for many years now.

Tue, 12/02/2014 - 21:59 | 5511075 disabledvet
disabledvet's picture

Chicago is proabaly the only City I know that seemlessly connects to those produce food.  It is the only true and honest "pricing mechanism" I have ever actually seen work in practice.  There's always room for another billion dollar skyscraper there...but never room for "a billion dollar farm." This just isn't how credit is extended via Government Fiat.

So you get food riots.

I fail to see the surprise.

Wed, 12/03/2014 - 00:50 | 5511510 pupdog1
pupdog1's picture

.

Tue, 12/02/2014 - 22:01 | 5511079 highly debtful
highly debtful's picture

Each time I watch Maria Bartiromo interviewing people, the word "hysterical" comes to mind, even when she's just asking questions or merely listening. She always looks like she's gonna explode any minute now. Imagine being married to someone like that. Or just having to engage in conversation with her at some party. Imagine wakening up every morning to the sound of that voice just inches away from your ears.

You Americans attracted to that kind of obnoxiously loud women or what? If so, you're all due for the loony bin.

Tue, 12/02/2014 - 22:11 | 5511113 NoDebt
NoDebt's picture

"Imagine being married to someone like that."

That's my first thought every time I see her.  Some poor battered husband somewhere has to deal with that every damned day.

And, no, most Americans I know are not attracted by that.  The tits, yes.  The personality is a deal-breaker, though.  Nonetheless, most of us are overdue for the loony bin just the same.

 

Tue, 12/02/2014 - 22:21 | 5511145 highly debtful
highly debtful's picture

"Nonetheless, most of us are overdue for the loony bin just the same."

You mean you're just like us across the pond? Fancy that.  

Tue, 12/02/2014 - 23:35 | 5511356 NoDebt
NoDebt's picture

You forget yourself, sir.  We are nothing like you.  We fought a war to get away from you.  We have our own home-grown brand of insanity of which we are very proud.  

In short, at the personal level, yes, we are pretty much exactly like you.  But at the macro level, no, we're nothing like you.  We're WAY more nuts.  You really don't want to be anywhere within the blast radius when the full force of our insanity is finally brought to bare.  

Remember, we do the right thing only when all other options have been exhausted.  All other options have not yet been exhausted.  The pressure is still building.

 

Tue, 12/02/2014 - 22:31 | 5511180 Miffed Microbio...
Miffed Microbiologist's picture

I don't think most men are attracted to this at all. Though I have laughingly given a few " my eyes are up here darling" comments to my husband, I know he enjoys my love, laughter, friendship and companionship more.

We women know men are visual creatures. I respect this as well. But if that is the only thing you have, it doesn't bode well long term for both parties.

Miffed

Tue, 12/02/2014 - 23:28 | 5511354 Meremortal
Meremortal's picture

She's got more Italian traits than American ones.

 


Tue, 12/02/2014 - 22:04 | 5511087 rsnoble
rsnoble's picture

Well of course the clown will work to create something.  He will start with a greener atmoshphere making your electric bill go up 50% and next up he will work to ram TPP up our asses.  And if Zell is saying more cheap immigrants like someone above mentioned then fuck the whole lot of them.

I'm sure Zell has an agenda.  Probably get Obama out and Jeb in or somthing similarly fucked up.

Tue, 12/02/2014 - 22:10 | 5511100 cn13
cn13's picture

Obama is so busy partying and raising money from the few who can actually benefit from his presidency that he cares for little else.

 

It is quite interesting to see such a narcisictic, incompetent man go down in flames after promising so much at the beginning of his presidency.

 

Obama has two years to go living as a modern day King with no regard for anything except himself and his chosen few.  And if past history is a sign of things to come, he won't let it go to waste.

 

We have now had the worst two back to back Presidents in U.S. history and now Jeb wants to run against Hillary.

 

The oligarchy at its worst.

 

 

Tue, 12/02/2014 - 22:22 | 5511141 Dead Man Walking
Dead Man Walking's picture

true. He actually seems like he had more power than any president I can remember, just imagine if he spent an hour a day trying to help americans. imagine all that he could have accomplished, but it was all bullshit politics from day one with no positive agenda. I can't stand him or anything he stands for, never could, just amazed at the opportunity lost/

Tue, 12/02/2014 - 23:53 | 5511407 sosoome
sosoome's picture

Obama is not incompetent.

He has an agenda and is implementing it. He runs circles around the pubs. 

What appears incompetent is the fact no one actually knows what his agenda is, other than to "fundamentally change America".

Tue, 12/02/2014 - 22:15 | 5511119 q99x2
q99x2's picture

Obama can't even create a race war within himself.

Tue, 12/02/2014 - 22:28 | 5511169 Life of Illusion
Life of Illusion's picture

 

He sold assets to Blackstone, they flipped and loaded debt onto new buyers leading to foreclosures and bankruptcys.

 They were both in on the scam as buyers burned to the ground.

WTF did you create anything ZEll ????

http://www.nytimes.com/2009/02/07/business/07properties.html?pagewanted=all&_r=0

 

Tue, 12/02/2014 - 22:39 | 5511205 Jam
Jam's picture

Dupe.

Tue, 12/02/2014 - 22:37 | 5511206 Jam
Jam's picture

I hear Zell and Barry Ritholz are starting a fund backed by Ukrainian Gold.

Tue, 12/02/2014 - 22:39 | 5511207 Fred123
Fred123's picture

0bama only knows how to destroy. Read about his early life with the sick people he was raised around and you will not be surprised at his behaviour.

Tue, 12/02/2014 - 23:26 | 5511345 oldmanofthesee
oldmanofthesee's picture

Nah, I want to hear from the first embargo escapee from Harvard, who has the guts to say "he was registered as a foreign student"!

Tue, 12/02/2014 - 23:23 | 5511335 baldski
baldski's picture

Who the fuck is Sam Zell and why should I listen to him or Faux News?????????????????????????????????????

Tue, 12/02/2014 - 23:53 | 5511402 WillyGroper
WillyGroper's picture

Another predator spinning himself as a giving a shit philanthropist.

That bastid has done his share of looting.

Wed, 12/03/2014 - 00:04 | 5511426 sosoome
sosoome's picture

OBarry indeed works well with others to create things. Most recently, he has teamed up with others in order to, in this case re-create, racial division. He's been very successful.

Wed, 12/03/2014 - 01:28 | 5511564 nostromo17
nostromo17's picture

DID THE INFLATED STOCK MARKET REALLY MAKE A MINORITY RICHER? ONLY ON PAPER. WHAT ROLLED OUT WAS PAPER INFLATED VALUE for THE 10 percent. At the end of the day this bubble bursts or is merely reflected in the inflation corrected value of their paper "profits". EVERYONE GOT POORER. THE ECONOMY HAS AND IS COLLAPSED. POLTITCAL CORRECTNESS ----> READ THAT DENIAL AND LIES has everyone negating the fact we are all poorer now than in the last 50 years. Soon the 10 percent will be asking "What is there to buy with my paper wealth?" And the answer will be "A whole lotta nothing." 

Wed, 12/03/2014 - 01:29 | 5511569 nostromo17
nostromo17's picture

WHY DO YOU KEEP PUBLISHING THE IRRELEVANT SHIT UPCHUCK OF DINOSAURS LIKE IT MATTERS? ISN"T THERE ANYONE WITH A REAL THOUGHT?

Wed, 12/03/2014 - 02:32 | 5511621 MASTER OF UNIVERSE
MASTER OF UNIVERSE's picture

Bifurcated implies a degree of equality of distribution in so far as it means to 'branch off' but it does not articulate the disparity of the branching off that the 1% have in assets compared to the 99%. Zell is an old man with too much money and not enough common sense to realize that when he is refering to the economy of the USA he may as well be refering to a schizophrenic as opposed to a 'bifurcation' of haves and have nots. Zell also knows enough to know that all the markets are rigged in favour of the house. The stock market is 100% overvalued and he wants to know if O'Bummer wants to work with anyone to create

something? What does Zell think O'Bummer is going to create with

a no growth economy and no money to work with? Is this Zell dude senile or what? Is this a repeat of Clint Eastwood talking to O'Bummer on a stage all by himself? Have all the Americans gone stark raving mad insane or what?

Wed, 12/03/2014 - 05:46 | 5511731 Jano
Jano's picture

a very good joke, what he says, but sad enough  , it mirrors the reality.

Wed, 12/03/2014 - 06:08 | 5511739 Debugas
Debugas's picture
Obozo Wants To Work With Anyone To Destroy Everything!
Wed, 12/03/2014 - 07:37 | 5511793 Dollar Bill Hiccup
Dollar Bill Hiccup's picture

Sam is playing the Pitchfork Protection Team strategy.

Rake it in till peeps start to get pissed off ... you know, the slaves. Yes they have feelings too. Anger is a big one.

Under the "what have you done for me lately" aspect of Pitchfork Protection, now is the smart time to start disavowing those rich bastards, especially if you are a rich bastard.

Wed, 12/03/2014 - 08:07 | 5511841 Pumpkin
Pumpkin's picture

He is very good at creating debt.  I don't even think he has to work with anyone  to do it either.

Wed, 12/03/2014 - 08:41 | 5511914 KurtRand
KurtRand's picture

I smell an IRS Audit

Wed, 12/03/2014 - 10:17 | 5512219 Farmer Joe in B...
Farmer Joe in Brooklyn's picture

I will take Zell and his anti-Obama ranting seriously when he proposes an alternative other than some Red Team/Blue Team twat for 2016

I do like how prickly he can be though....

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