Posted on 02/10/2010 5:01:26 AM PST by STONEWALLS
"In an exclusive interview with Bloomberg Businessweek, President Barack Obama took a more conciliatory stance toward the financial sector, saying he did not “begrudge people success or wealth,” as it was “part of the free-market system.”
The president’s comments come days after the chief executives of JPMorgan and Goldman Sachs received multimillion dollar bonuses. But during the interview in the Oval office, he pointed out that “there are some baseball players who are making more than that and don’t get to the World Series either, so I’m shocked by that as well.”
(Excerpt) Read more at dealbook.blogs.nytimes.com ...
He has no credibility, especially when it comes to the private sector.
The really high compensation paid to corporate execs. has historically been paid in stock, not cash. This method of compensation started when the tax code was changed to limit the deductibility by corporations of cash compensation.
“He has no credibility, especially when it comes to the private sector.”
...exactly!....he comes from the world of government programs...which in urban America is a job corps for college educated blacks.
By this time next week he will have said the complete opposite to some other group.
Wall Street banks have been pulling their support for Democrats
“The really high compensation paid to corporate execs. has historically been paid in stock, not cash.”
...good point...in a company’s annual report there will often be a asterisk noting “deferred compensation”
RIGHT!! DONATIONS TO THE DIMs ARE DOWN FROM WALL STREET, GOTTA LULL ‘EM AGAIN & FLEECE THEM SOME MORE ON THE WAY TO THE SLAUGHTER HOUSE.
This clown thinks that getting into debt is how to make a profit.
I can't take it anymore.
THE PRESIDENT: The small businesses I talk to --- and I've been talking to a lot of them as I've been traveling around the country over the last several months -- their biggest problem is right now they can't get credit out of their banks so they're uncertain about that. And they're still uncertain about orders -- do they just have enough customers to justify them doing more.
It's looking better at this point. But that's not the rationale for people saying, I'm not hiring. Let me put it this way. Most small businesses right now, if they've got enough customers to make a profit and they can get the bank loans required to boost their payroll, boost their inventory, and sell to those customers, they will do so. Okay? From here.
Obama’s softer note with Wall Street is about campaign contributions and the lack thereof heading into the midterms. In 2008 Wall Street contributed more to the Dems than the Reps.
Of course he begrudges them. He going to go after baseball players next?
Pray for America’s Freedom
As a business owner for 4 decades, words fail me.
Another ‘exclusive’ interview. Yawn.
I've come to the realization that Obama can ONLY think about the economy in terms of banks and debt. Because as government pogue his entire life, he's been able to spend other people's money at will. Even spend more than he has.
I don't think he paid his own mortgages either.
He actually thinks that the federal govt. going into debt translates into profit. He then extends that belief to small businesses.
He's lost - completely lost on what constitutes an economy.
Yes indeed. BamKennedy knows who paved his way to 1600 Pennsylvania Avenue.
I would like to see that, too.
Obama is a liar.
Wall Street started to shift their political contributions to the GOP and Congressional Democrats squealed like stuck pigs. So much for Obama the Populist!
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