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Dan Loeb Lets Loose On Barack Obama
Those wondering how the preponderance of Wall Street's buyside community feels about the President, will have their questions answered after reading this blurb from Dan Loab's Q2 letter.
The second quarter was marked by choppy markets caused by fears about Europe, a soft patch in the U.S., more signs of a Chinese slowdown, and U.S. consumers and business owners alike frustrated by the Obama Administration, which is openly hostile to most businesses and unable to articulate or implement policies to spark growth and reduce unemployment. Since ”Euro?phobia” has roiled the markets for over twelve months, we attributed the second quarter’s sell?off mostly to the renewed worries over US weakness and pervasive concerns about a Chinese hard landing, which punished any assets linked to global growth.
Full letter, which includes the latest defense of Yahoo.
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Blame it on Obama.
the popular thing for performance-challenged lightweights.
Of course it's Obama's fault. "Not business friendly", LOL... news flash...HE'S A FUCKING MARXIST. Every single thing he does and says is informed by the marxist ideology he is steeped in.
It's so glaringly obvious to anyone who knows anything about anything. Are people in this country so stupid that they can't see it? Or is it that people just can't comprehend the magnitude of a marxist getting elected president in the USA?
The Chinese and Russians must be laughing their asses off.
A marxist? Are you fucking retarded?
Give him a few days to figure out what retarded means and he'll get right back to you on that.
WARNING!: Puppet fellating thread!
Proceed at own risk.
Fuck, do I ever hate election years. The stupid comes out of the woodwork from every angle conceivable, in an ignorant display of divide and conquer. Why don't you people do something productive for once, and go read some Rothbard.
http://www.lewrockwell.com/rothbard/rothbard-lib.html
Get off the bottle you drunken ape and you might see it for yourself.
I think he means Groucho Marxist, not Karl Marxist. Obama is a clown.
Yes, he is retarded. And Marxism usually doesn't lead to rising corporate profits.
you are a fucking idiot. Under Obama corps have record profits and are more powerful then ever. How the fuck is that marxist you asshole?
in reality Obama is too pro corp. Corps are THE PROBLEM.
What a fucking fool you are. Did you read what I wrote? All I said was, take a careful look at what Obama SAYS and DOES. Obama isn't a dictator (although he certainly wants to be), and he remains highly constrained by the remnants of our republican form of government, so of course his power to implement his ideas is limited. Doesn't mean he isn't pushing us in that direction-- HARD.
In the meantime, the corporations, with their quarter-to-quarter time horizon, have moved into the vacuum created by what Obama has managed to accomplish vis-a-vis destroying the free-market in the US in the last 4 years.
I stopped reading when you said Obama is a Marxist. You're either an idiot or somebody who enjoys throwing hand granades for no reason at all, but please spare us the deficiencies of your third grade understanding of communist ideology.
He's not an idiot if you take a second to realize that Marx's ideology is wholly incoherent, so it cannot be used as a standard of measurement from ALL perspectives.
Bohm-Bawerk laid it all out long ago.
http://library.mises.org/books/Eugen%20von%20Bohm-Bawerk/Karl%20Marx%20a...
Recall some select Obama statements, "you didn't build that..." "We need to share the wealth" "the wealthy need to pay more..."
I respect profits (the larger the better) as well as the possibility of failure when such profits aren't realized (see FB, NFLX, FSLR as current examples) Counterexamples, GM, AIG and bailouts of other failures by the government. Thanks to Obama the taxpayers own GM, AIG, C etc. and we will never recover our "investment". Fortunately, I can short GM and C and am doing so.
I don't like statist industrial policy such as "investments" in high speed rail, solindra, solar and wind etc. because they rely on other people's money, OPM and have no profit motive or competition-the central themes of free markets. The central theme of marxism/socialism is the coeercive use of OPM to drive industrial policy resulting in state/union owned experprises like GM or AIG (see Communist China for other examples)
In a word...fascism .
"ou are a fucking idiot. Under Obama corps have record profits and are more powerful then ever. How the fuck is that marxist?"
Ok, let me take this one-
The "corps" are beholden to the state. Their "record profits" are denominated in nothing more than state-issued credit units.
When the corps and the state blend together, many here have correctly identified this core ideology as fascism.
But, the original observation was about OBAMA, not the corporations.
Obama wants/expects the state to control the means of production - This is the essence of Marxism.
Ergo- Marxism is the overriding strategic philosophy, and corporatist fascism is the tactical method to acheive the goal of central control of the productive segment of the human race.
Separate the task from the tools being used, and you will understand the truth...
Obama is just another parasite who mistakenly believes that his host needs HIM to survive...
BINGO!
Ergo- Marxism is the overriding strategic philosophy, and corporatist fascism is the tactical method to acheive the goal of central control of the productive segment of the human race.
Obama is just another parasite who mistakenly believes that his host needs HIM to survive...
Aside from the FACTS that Barry has admitted that he prescribes to the Marxist ideology, was a professor who taught the Alynski version of hate, admitted to being a racist, is married to a racist, has admitted that he's not a Democrat as much as he's a Progressive (like Clintons) and has appointed openly Marxist/Communist people to be "Czars" is not the stuff the trolls from the Center for American Progress want people to really understand.
Useful idiotIn political jargon, useful idiot is a pejorative term used to describe people perceived as propagandists for a cause whose goals they do not understand, who are used cynically by the leaders of the cause.
The term was originally used to describe Soviet sympathizers in Western countries. The implication was that although the people in question naïvely thought of themselves as an ally of the Soviet Union, they were actually held in contempt and were being cynically used. The use of the term in political discourse has since been extended to other propagandists, especially those who are seen to unwittingly support a malignant cause which they naively believe to be a force for good.
http://en.wikipedia.org/wiki/Useful_idiot
Throw the bum out in November!
Blame it on Obama.
Can't......I'm not a racist.....but I certainly won't quote myself on it.
Obama will understand. He's half racist. Then he'll drone strike your ass.
All Bush's fault...LOL
No news here. Wake me when ZH publishes an article in defense of the current administration -- or any administration for that matter. I shudder to think what we'd be reading with the McCain/Palin administration. Even the old farts like me would be getting the old military uniforms out of mothballs!
This guy is just another screeching, right wing douchebag. Corporate profits are at all time highs, and their tax hits are at all time lows as a percentage of all tax revenues.
Obama ignored the attacks on unions in Wisconsin and elsewhere, and has done nothing to support the working class since getting into office. His justice department has prosecuted exactly nobody on Wall Street while insisting they did nothing illegal.
And he's hostile to business?
What a joke. This guy is about as obviously biased as that Asness clown who writes similar anti-Obama horseshit. They've never had it so good. Not even under Reagan.
He's only hostile to those who did not contribute to his campaign.... not much different from bush II or Clinton or Bush I etc. etc.
Holy shit you are a fucking idiot. Did you ever stop to consider that corporate profits might be elevated in the short-term precisely BECAUSE of Obama's anti-business policies? What happens when new business creation is stifled-- existing businesses become more profitable in the short-term.
The long term is a different story, of course.
THINK IT THROUGH YOU MORON.
Er...what? Obama's against business, and because of that, profits are way up?So he's pro-big business but against small business?
Someone needs to throw a net over you for your own protection. It's amazing you haven't accidentally killed yourself several times over by now.
Jackass, you don't have to be in favor of something to accidentally help it in the short run.
I'm surprised you can even put your pants on in the morning, you're so stupid. If you were the only one it wouldn't be so depressing, unfortunately, you seem to be in good company in this country.
You're clearly out of gas and reaching for anything that might bail you out. Ain't gonna happen. You just don't have the ability to think your way out of a paper bag. Give it up before you stroke out.
And stop screaming at your computer like that. The neighbor in the trailer next door will call the cops again. It spooks the old people.
link for scribd http://www.scribd.com/doc/101704622/2012-Third-Point-Q2-Investor-Letter-TPOI
It's all Obama's fault.
Wow, someone who is anto Obama writes something that is anti Obama.
Truly earth shattering.
Prosecute the god-damned fraud already, at all levels. These paper-pushers made their fucking bed (i.e. deal with the devil), now lay down bitches and take your medicine. Mind the falling blade.
Just who the hell do you expect to do that?
You and I, and all other holders of physical assets of real value.
Fraud? That is such a passe term. We prefer the term "financial industry business model.'
Good start Law....
but seriously, let's call some muscle in from south of the border....get some drug thugs to just send them sleeping with the fishes.....
you have to set an example...this is the only way they will take you seriously......
See my post above. This eventually comes down to all holders of physical assets of real value. There is a very real reserve currency and it isn't the dollar. I expect to see some more Federal Reserve members sweating shortly.
Did anybody else hear this report on NPR yesterday? I was highly amused when I mentally substituted "US" for "Afghanistan".
http://www.npr.org/2012/07/31/157656330/u-s-wages-sisyphean-war-against-afghan-corruption
What does Loeb think "growth" is? If it's expanding wealth greater than debt (public/private), we haven't had it in decades. Does he have the "growth" secret?
I blame Martians for my shitty performance.
Obama 2012
Sorry dude......I was really pulling for you too.
Win This: Tell him how you really feel.
http://www.barackobama.com/om-dinner-with-barack-sept-signon?source=OM2012_LB_G_dwb-content-banner_dwb-vi_dwb+air+mobo-bw-gs-b_300x250&utm_medium=om2012&utm_source=G&utm_campaign=LB_dwb-content-banner&utm_content=dwb+air+mobo-bw-gs-b_300x250&subsource=kw|obama|matchtype||pcrid|12219483521|pl|www.zerohedge.com&gclid=CJKo3PvOxrECFcVgTAodehIAPg
No one registered for concealed carry will win.
Still hedging against drone "accidents" in my neck of the woods by remaining on the Buddies of Barack mailing list though.
You have to check your guns at the door before you meet the Secretary of Defense in a war zone. He trusts you.....but only so much.
like we have a choice?
Now I'm puzzled. I thought that Fed, corps. and banks are to blame, plus anything else inside the government and big business corporate cronyism. But ok, I'm still willing to learn.
another whiny entitled hebe that was born with a silver spoon up his ass. As Tony Soprano said to Carmella -"You're entitled to shit." disclaimer -long Webistics
Too bad the US isn't allowed to elect a president. It might be different.
The mountain's about to crack...
They (the Martians) didn't build that.
Ironic that he mirrors Obama by blaming him - "you run a fund and you lost money, you didn't do that - someone else lost that money for you."
Ironic that he mirrors Obama by blaming him - "you run a fund and you lost money, you didn't do that - someone else lost that money for you."
You have to be an idiot, not to see the policies of this admin, have been totally destructive to ALL business, unless its huge multinationals.By ruining the economy, and keeping more and more people on the gvt dole, the FASTER you usher in Prime directive one.
SOCIALISM.
Obozo Logic on Business: Entrepreneurs, YOU did not do that!
Obozo Logic on Government Failures: I did not do that. It is all Bush's fault.
Obozo Logic on Government Successes (Huh?): YOU did not do it. I did it.
here you go idiot. it is pretty simple
as an entrepreneur and small business person myself Im realize I did not do that! all by myself. Without the electricity that runs my life, without streets, infrastructure, internet, and the billion other things that my business depends on THAT I HAD NOTHING TO DO WITH, my business wouldnt exist.
SO STOP BEING AN IDIOT
Well yeah......but they made me pay for that stuff.
How did you get it for free?
so, we all paid for it via the socialism that is taxes, do you have a point?
Because you buy a carrot for 50 cents, you think you are a fucking farmer now? That the farmer who grew that carrot now the thousands like it doesnt matter now because you paid 50 censt for one?
You really cant be this stone cold dumb, can you?
You really cant be this stone cold dumb, can you?
I suppose I could if I really applied myself.....but you have to promise to do better with your Saul Alinsky tactics. Do we have a deal?
Well yeah......but they made me pay for that stuff.
-------------------------------
bullshit you were around in the 40s and 50s and paid the taxes to build the highways? You fought in ww2 that help keep us safe and free? You are so full of shit.
Just a spoiled, ungrateful lil shit. Typical right winger.
I've been paying for the shit they built in the 40-50s that without my contributions and those of other producers/tax-payers would have crumbled long ago.
and what the fuck is it about socialists that they always run to the firemen, police and roads argument? We agreed long ago that government is best at doing certain, very limited things for th country, state or locality. Government is a necessary evil that needs to be constrained at every turn lest it try to do what government always does - assume more and more power until it is all powerful.
I'm pretty sure that's the wole fucking idea behind the US Constitution. So stop with you fucked up, roads bridges and all the other beautiful infrastructure line of bullshit. Let's talk about the real government. The one that spends well over 60% of it's total outlays on entitlements and the interest needed to pay for them.
By the way, entitlements costs are equal to all Federal government tax receipts so really, if you want to be accurtae you should say that nobody paid for those roads and bridges - yet! It's all on the credit card you fucking fool.
so for you bigger government means better business?????????? hmmmm bigger gov means more taxes, more regulations = less freedom to run your business and less money to invest in business
Loved the commercial that said he didn't say that.....and then they played the audio of him saying it.
The campaign staff might want to spend a little less time in the Chume Wagon......just a suggestion.
They are all (presidents and such) serving the same masters, and at least by proxy, WE are all serving the same masters. Then, why does it matter if they are black, or white, or freaking purple?
I despise BO, and I think "growth" is dead, unless it's taken out of someone else's hide.
Actually....we did have someone in mind. You're gonna love this!
L0L!!!
cheap-o-shot-o gold!
this guy want egg in his beer; the checks are in the freaking mail, already, dood!
prez0 is a shoo-(shoe-?) in
the squid put the kenyan in tough for his first term and i don't see many D's crossing over 4 mittens since most every1 on the casino bus who could speak english yest (almost half!) sez prez0 is gonna be baaaaack! 75% here in norCal oldFartz-ville for the guy from kenya--4oar moar for the coar!
You're probably right, but what about the possibility of low Demo vote turnout? Don't get me wrong, if I vote, it will be for "none of the above."
i hope to find the moral spine and turpitude to write in tyler durden
it's a long shot, spaZ_Rx, but maybe we have some fans here who like anarchy and work for diebold
this is a great article and mentions our next president, mrDurden: Has the BIS gold pool succeeded the London Gold Pool?
this is an important GATA piece and contains in its entirety a seminal 1983 article from harper's re: how the baselBanksters view the "short-sighted" pols and how they are in this TOGETHER as banksters, too, BiCheZ!
Not many AA's crossing either... It's a fact jack!
oh boy, Michelle is not going to be a proud American come January 2013
The Illuminati own the US/UK govrnments, most others, and all banks between. They do not own Barack Obama and have tried assasination several times! He is protected by the Galactic Federation, who hold him in the highest esteem, and since they represent God, there can be no higher accolade. The GF promise all who have committed crimes against humanity will be punished. They contact us daily @ the2102scenario; aquariouschannelings; treeofthegoldenlight; ascensiopnearth2012; and many other sites. The Illuminati have been defeated! Please spread the wondrous news. Thank you.
Yup, i guess Americans now need voters from other planets too.
the galactic voters always vote early & vote often...
Do those Galactic Voters have proper ID?
Here's a question, what do you think the world would be like with McCain as President and Pailn as VP? I doubt much better, if not the same.
I have to agree with the writer.....hate him as much as I do, the writer, he has a good point.
As I get older I see the wisdom on supply side....
Supply Side says we need a horse before a cart!
Obama says we need a cart to carry everyone before we get a horse.....
A horse sans carriage is worthless....
TERM LIMITS ON EVERYONE.....PERIOD. EVERY SINGLE GOVT JOB.
One day in the future, Barack Obama has a heart attack and dies. He immediately goes to hell, where the devil is waiting for him.
"I don't know what to do here," says the devil. "You are on my list, but I have no room for you. You definitely have to stay here, so I'll tell you what I'm going to do. I've got a couple of folks here who weren't quite as bad as you. I'll let one of them go, but you have to take their place. I'll even let YOU decide who leaves."
Obama thought that sounded pretty good, so the devil opened the door to the first room. In it was Ted Kennedy and a large pool of water. Ted kept diving in, and surfacing, empty handed. Over, and over, and over he dived in and surfaced with nothing. Such was his fate in hell.
"No," Obama said. "I don't think so. I'm not a good swimmer, and I don't think I could do that all day long."
The devil led him to the door of the next room. In it was Al Gore with a sledge-hammer and a room full of rocks. All he did was swing that hammer, time after time after time.
"No, this is no good; I've got this problem with my shoulder. I would be in constant agony if all I could do was break rocks all day," commented Obama.
The devil opened a third door. Through it, Obama saw Bill Clinton, lying on the bed, his arms tied over his head, and his legs restrained in a spread-eagle pose. Bent over him was Monica Lewinsky, doing what she does best.
Obama looked at this in shocked disbelief, and finally said, "Yeah man, I can handle this.
"The devil smiled and said..........
..."OK, Monica, you're free to go."
no soft patch here,more like stuck in quicksand with o buttwipe laughing with a piece of thread saying he will pull you out! what a freaking joke our finacial system has become.
FU Loab. You are the problem, not the solution.
More self-serving hedge-hog drivel. Hedge-funds, private equity and MBA trained consultants promoted global wage warfare, job outsourcing and easy credit. Now they blame it all on Keynes, Central Bankers and business unfriendly legislation?
The later group attempts to deal with the plague caused by these educated parasites by increasing government spending to offset decimated tax bases and low monetary velocity in affected economies, while the former group is moving capital around the globe seeking parasitic returns.
Despite the fantastic growth in global money supply, the real Money Supply is approaching that of Monetary Base, that is, the amount being spend in the economy by common consumers. Thus while overall money supply explodes, real economies continue to be strangled by the financial parasites: people who make money from unearned and untaxed income.
Wow. He really let him have it.
Obama is not as stupid as many think. All is going to his plan. get everyone dependent on the government and have total control through submission.
Obama has been a terrible president. I'm surprised some of you can breathe with his dick shoved so deeply down in your collective throats.
I'm going to do what I usually do and write in a candidate. I'm going to go with Slewie the pi-rat.
My 5-month old German Shepard puppy could do a better job than the current teleprompter-in-chief. And if anyone asks I will happily produce my dogs 3-generation pedigree to prove he was born in the USA even though he is of German decent.
Can't wait to see the down arrows from the trolls who are "offended" by the references to birth certificates... Just a joke you uptight assholes!
Clearly, Dan Loeb is a racist.
They didn't pen NDAA for nothing. March 1st 2012 in effect, why does that date sound familiar?
Businesses with lobbyists are doing fine.
It's those poor schleps that don't pony up the big bucks that have the problem.
They have to try to make money the old fashioned way... by earning it without subsidies.
And that's very hard today.
And another thing... I guess Obama must of forgot about the shipbuilders and farmers and tradesmen that made fine businesses before there was a government that built anything.
Guess they didn't build that either.
The subject and his contention is so stupid that it doesn't bear discussion, therefore it will be talked to death.
The fact of the matter is that if Washington and Wall St. disappeared tomorrow, most Americans wouldn't notice or care and would continue to build, buy and live their lives without missing a beat.
The parasites, on the other hand, would be most inconvenienced.
And that's that.
Obama appears to be openly hostile to America in general. His actions imply that he is doing everything he can to create a communist police state, destroy all wealth generating capacity, terminally indebt the government while making everyone dependent on government employment and largess.
If he had any interest in helping America and its people, his policies would be completely insane.
Wall Street, while dirty greed-bags who should never be trusted, now realize that Obama lied to them the first time around and is doing everything he can to kill America and in doing so Wall Street.
Romney is very bad/evil with his war rhetoric and all. However, at the end of his term we will still have a country,
When the MASS ARRESTS occur, the Golfer-in-Chief will be at the front of the chain gang. Pretty soon, Obama, Brenanke, and hundreds of other TOP TRAITORS to the Constitution will be wearing orange jumpsuits and leg irons... http://tinyurl.com/cd5cyjo/