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President Obama Addresses Business Roundtable CEOs - Live Feed
The nation's top CEOs trimmed their forecasts for sales and capital spending, according to the Business Roundtable's fourth quarter survey, predicting the economy will grow a modest 2.4% next year (well below the forecasts of many economists who expect the nation's GDP to rise 3% or more in 2015), with only 36% expecting to increase capital spending. Given the roundtable's urging government to extend corporate tax breaks that are set to expire and pass broader corporate tax changes that would encourage companies to invest in the U.S., we look forward to President Obama explaining to the CEOs why they've never had it better...
Looks like it's going to need more than just higher stocks to keep the CEOs happy...
President Obama is due to speak at 1115ET - audio only (plan accordingly)
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Junk Bonds breaking 5-Year support, stocks to follow?
http://blog.kimblechartingsolutions.com/#sthash.amygbvsj.ZLE74QXd.dpuf
Hey Barry, wasn't your credit card declined recently at a restaurant? And you are going to tell these CEOs what?
Leave it to the HNIC to blow up a few businesses.
Just look at what happened to MO.
"Leaders". What a pile of shit!
"We lost some business and jobs to some foreign company folk"
-BO
President Dindu gives another speech. I'm so excited I think it moved a little.
pods
Yep, the message will be short and sweet.
Obama "Don't worry guys, I will continue to rape the taxpayer and backstop any failures with printing if need be. No one is allowed to fail in business anymore, it will be a business utopia"....
So they predict 2.4% growth which means we'll see another 5-10% contraction of the economy.
The lady doth speak too much, methinks...
Why couldn't I have been the waiter that told Barry his card was declined?
Life is unfair.
LOL...make it all dramatic...turn the card over and over in your hand...look at it quizically...then slowly say, "Uh...sir, do you have another credit card? This one DECLINED!!!!"...loud enough for everyone to hear. That would be EPIC!
I think we accept SNAP here for special ahem (basket) ahem cases.
heh heh ... canaries usually don't last long once they start coughing ...
Too cold to go golfing?
It says "audio only" so he's answering questions in between swings.
yay another Muppet Show today
Does anyone listen to the turd-o-prompter speeches anymore?
Never have, never will.
I eagerly await the day when I won't even know the sound of any politician's voice. Instead I'll just picture them going "Blah, blah, blah." as it's far more accurate.
As a proven organizer, I expect that he will impart his pearls of wisdom on "How to better organize the Business Community".
"I organized some folks". Like they're not "well organized" already.
Shakedown to follow ...
We feed some folks?
You still didn't build that!
we look forward to President Obama explaining to the CEOs why they've never had it better...
"listen folks, past Administrations would have thrown you in jail ... see Rigas, Skilling, Lay, Ebbers and such ... My Administration stands firm on its commitment to allow your companies stock price to increase by any means necessary - extortion, accounting fraud, slashing workers compensation, stock buybacks, etc."
You are correct sir!! Cheap money for all those who don't need it, Payday loans for everyone else.
Fuck these business "leaders". They all hopped in bed with the devil and now they are bitching about how bad things are. I hope they all go belly up.
Lol.
Hopped into bed with the Devil and ended up with Rosemary's baby.
Hey Doc. Does it go a little like this?
https://m.youtube.com/watch?v=WpE_xMRiCLE
"I hate you all and I want more money. I'm giving you 5 million Mexicans, I owe you nothing else." - rough transcript, not for publication.
Obama's Boss, Jamie Dimon, will be there.
What a fucking dolt, what an obnoxious tool; face of the fall of the Republic and the rise of the New Rome.
Hey B.O., you do so many things that aren't in your job description. Just go play golf.
Maybe Obama will anounce more rockets to use Russian engines that he can cover up?
http://newworldorderg20.wordpress.com/2014/11/19/u-s-using-russian-rocke...
The white house will see to it that corporate taxes will be cancelled. Yes, We have instructed the IRS to go after all republicans to support our nation from here on out, henceforth and so-on. [applause , applause, applause, bow, applause, applause, applause, bow, standing cheers, applause, etc., etc., etc.]
He actually just said that he wants to start with lowering the corporate taxes first and then see how that goes before lowering the taxes for individuals. He opened with the fact that wages are lagging yet he doesn't feel the need to provide tax relief to them. Blah, blah, blah.
Hope he tells them that they - " ...didn't build that!!..." and waits for a thunderous standing ovation.
(Bit of luck the SS would put him out of his misery)
"Folks...committed...folks...tax rates...you folks...those folks...folk's folks..."
He should just "Folk Off".
Mr President, how do you explain that after shutting down the government a year ago, the repubs won a majority of seats in both houses?
2012: "My primary focus in my second term is tax reform"
today: "So the problem with the window to accomplish tax reform starts closing as soon as the last election is over"
Eventually these politicians are are going to kick the can down a road that kicks it back at them
this guy sounds like he works for goldman sachs ... ummm, oh yeah
Fucking non-producing academic, do nothing, create nothing, piece of fucking shit!!! Go die, you fuck!!!
On Putin: Putin is a shaping into a backward looking nationalist.
On the World: The world expects the USA to provide economic leadership. Myself, Geithner, and others are honorary members of the EU economic counsel.
"Some folks....are acting stupidly."
We robbed some folks.
Hey Obomba -- this speech is too early. After you leave office you can get seven figures for a half hour spewing of the same crap.
Sometimes I wish I was on one of these panels, so I could say what none of these CEOs will say. You can't have wage growth with zero interest rates. You can't have wage growth with meddling government. How do you suggest wage growth when health insurance has gone up 3x? How do you suggest wage growth with minimum wage hikes on the horizon? How about those lovely employment taxes? And finally, you won't see wage growth within current free trade agreements that have destroyed the U.S. and have been giving away money and labor to other countries.
I know he's always meeting with the 1% but does he ever meet with the 99%??
I'm half-listening... but it's pushing my blood pressure up....
He clearly brought along some extra tubes of lipstick today.
Yup. there is a reason this one is not televized. Anybody remember when he did a similar economic townhall on CNBC many years ago?
Hey Doc. Does it go a little like this?
https://m.youtube.com/watch?v=WpE_xMRiCLE
Barry's voice is like the Brown Note. When you hear it you have to take a shit. Fucking loser.
Another round table? How many fake meetings do these fuckers need. I'll bet VJ probably put the fear of god into those naive CEOs.
Must be over now.
Repost:
I predict we will never see an end to ZIPR, so that Industry & the greater economy can continue to Frak.
After 6 Years of no interest on Savings & Checking Accounts & CDs... you have to have some conclusions about concern for Main Street.
- It was 50 Years of US Stock Market Obscurity, till like 1980 when stocks became interesting, but US Public Burned in the Original Stock Market Crash in 1929, eschewed Stock Equities
- But Technology Grew in Capital Ownership
- Computers & Automation & now Robotics came in
- Outsourcing & Off Shoring came in
- US Decapitalization became a Trend
- US Mergers & LBO became a Trend
- Many Visible means to Reduce Costs became Culture
- Today Still no hue and Cry about lost 6 Years for Fixed Income US Voters/Savers
- The Public was Fooled by Conflicting Policies starting in the 1970s with the Nixon Shock and Petrol Dollar
- Hidden Policies like the Monroe Doctrine of US Military Republic Remain little known even though older than 1823
- Ron Paul just made a statement that Foreign Police will Remain confusing, and therefore wasteful and corrupt
- US Savers are just one of the Victims of Executive Office Conflicted Policies and Lip Service to do what is best for all people
- Wealth Migration from the Middle Class & Poor to the .1% will continue, the effects are a certainty with current trends, trend analysis, and poor Democracy in USA
- Political System is broken, Free Press is Broken
- Federal Tax Policy Trend is less tax on Commerce & Wealthy, leaving the Biggest Corporate Welfare System in history to harvest the Wealth of ordinary people on Main Street
- Wall Street is so Crooked, Auditing is gone, Real Ratings are gone, to an Era of Replica Financial Instruments, Fraud Reigns Supreme, All Markets are Fixed
- $18 Trillion Exponential Federal Deficit, 6 years ZIRP for Savers, Endless Foreign Wars, Free & Full Charters for TBTF Banks to Create Money from thin air, Endless Fraud, Endless Lobbying delays legislation then buys the Legislation, Endless Free Trade to Slave Labor which can be hidden anywhere it turns out, Endless Monopolies as Lobbying Props up and effectly overturns Teddy Roosevelt to where it like Roosevelt was never born
- The Money Trust not taught in Schools, the Folly of US Stock Markets not taught in Schools,
What set USA apart from Third World Countries was:
- Interest on Savings or CDs
- Success in Financial Markets in a Modern Era
- Strong Wages that allowed workers to buy cars, houses, houses, Stereos, Computers
- Strong Manufacturing. Pride in USA Autos.
- Military Strength, Great Weapons, Strategic Locations
- US Inventiveness/Creativity
- US Equality, Credit for all who could work, Justice for those that stayed out of Trouble
- The Illusion that US Politics worked, that social programs would now help the poor, sick or elderly, that politics were inclusive, that Education systems were Honest, that we had a Free Press
- And the USA had Civil, Individual, and Human Rights and that they were permanent in our Justice System protected by the DOJ, FBI, SEC, FTC, GAO, CBO, FINRA, FDIC, Treasury, FED, OCC... and our Bank Examiners & Government Employees
Bottom Line: US has become Europe of the 1960s at best or maybe is now a Third World Type Country.