Posted on 12/01/2011 5:57:02 AM PST by JesseWatters
Billionaire investor Leon Cooperman made public his letter to the President, in which he calls for Obama to end his class warfare rhetoric and appeal to all voters today..."the divisive, polarizing tone of your rhetoric is cleaving a widening gulf, at this point as much visceral as philosophical, between the downtrodden and those best positioned to help them. It is a gulf that is at once counterproductive and freighted with dangerous historical precedents. And it is an approach to governing that owes more to desperate demagoguery than your Administration should feel comfortable with."
(Excerpt) Read more at nation.foxnews.com ...
A sure sign that Americans have had ENOUGH.
Here comes your IRS audit.
I don’t recall this type of uprising against Jimmy Carter.
Too bad it won’t happen. Barry acts this way since that’s all he knows how to do.
Yeah, but if you take away his divisive, polarizing rhetoric, what’s he got?
Will anyone ask about this at today’s WH press briefing?
His administration IS demagoguery personified.
Of course they are comfortable with it.
Good to see someone articulate calling them out.
The man has a nice way with words....!!!
Uh, uh, uh, ummm, uh, ad infinitum?
Leon Cooperman IS naive.
He doesn’t quite perceive, or perhaps cannot bring himself to admit, the danger of the wounded Federal Beast armed with the powers We the People have carelessly allowed it to accrue.
Its like blaming the rider of an out of control spirited horse.
“...To frame the debate as one of rich-and-entitled versus poor-and-dispossessed is to both miss the point and further inflame an already incendiary environment. It is also a naked, political pander to some of the basest human emotions - a strategy, as history teaches, that never ends well for anyone but totalitarians and anarchists.”
Anyone that thinks that 0bama is incompetent, or “naive” in his worldview, is naive themselves.
The man is a DEDICATED COMMUNIST, intent on a violent revolution to overthrow our society, economy, and freedoms.
The sooner someone prominent starts writing open letters to the effect of point out 0bama’s policies as “...nothing short of outright Marxist beliefs...”, the better.
(Stay well, amigo)
We made machine tools in Milwaukee, cars in Kenosha and ships in Sheboygan. We mined iron in the north and lead in the south. We made cheese, we made brats, we made beer, and we even made napkins to clean up what we spilled. And we made money.
The original war on poverty was a private, mercenary affair. Men like Harnishfeger, Allis, Chalmers, Kohler, Kearney, Trecker, Modine, Case, Mead, Falk, Allen, Bradley, Cutler, Hammer, Bucyrus, Harley, Davidson, Pabst, and Miller lifted millions up from subsistence living to middle class comfort. They did it - not “Fighting Bob” La Follette or any of the politicians who came along later to take the credit and rake a piece of the action through the steepest progressive scheme in the nation.
Those old geezers with the beards cured poverty by putting people to work. Generations of Wisconsinites learned trades and mastered them in the factories, breweries, mills, foundries, and shipyards those capitalists built with their hands. Thousands of small businesses supplied these industrial giants, and tens of thousands of proprietors and professionals provided all of the services that all those other families needed to live well. The wealth got spread around plenty.
The profits generated by our great industrialists funded charities, the arts, education, libraries, museums, parks, and community development associations. Taxes on their profits, property, and payrolls built our schools, roads, bridges, and the safety net that Wisconsin’s progressives are still taking credit for, as if the money came from their council meetings. The offering plates in churches of every denomination were filled with money left over from company paychecks that were made possible because a few bold young men risked it all and got rich. Don’t thank God for them; thank them that you learned about God.
Their wealth pales in comparison to the wealth they created for millions and millions of other Wisconsin families. Those with an appreciation for the immeasurable contributions of Wisconsin’s industrial icons of 1910 will find the list of Wisconsin’s top ten employers of 2010 appalling:
Walmart, University of Wisconsin–Madison, Milwaukee Public Schools, U.S. Postal Service, Wisconsin Department of Corrections, Menards, Marshfield Clinic, Aurora Health Care, City of Milwaukee, and Wisconsin Department of Veterans Affairs.
This is what a century of progressivism will get you. Wisconsin is the birthplace of the progressive movement, the home of the Socialist Party, the first state to allow public sector unions, the cradle of environmental activism, a liberal fortress walled off against common sense for decades. Their motto, Forward Wisconsin, should be changed to Downward Wisconsin if truth in advertising applies to slogans.
There is no shortage of activists, advocates, and agitators in this State. If government were the answer to our problems, we would have no problems. The very same people – or people just like them – who picketed, struck, sued, taxed, and regulated our great companies out of this state are now complaining about the unemployment and poverty that they have brought upon themselves. They got rid of those old rich white guys and replaced them with…nothing.
Wisconsin ranks 47th in the rate of new business formation. We are one of the worst states for native college graduate exodus; our brightest and most ambitions graduates leave to seek their fortunes elsewhere. Why shouldn’t they? Our tax rates are among the worst in the nation and our business climate, perpetually in the bottom of the rankings, has only recently moved up thanks to a Governor who now faces a recall for his trouble.
In 1970, the new environmental movement joined unions and socialists in a coordinated effort to demonize industry. When I was in college, the ranting against “polluting profiteers” was like white noise – always there. They won, and here is the price of their victory: in 1970, manufacturers paid 18.2% of Wisconsin’s property taxes – the major source of school funding - and in 2010 those who remained paid 3.7%.
So who is it that caused the funding crisis in our schools and the skyrocketing tax rates on our homes? It is the same ignoramuses who are sitting on bridges, pooping on things, and passing around recall petitions. The unemployed 26-year old in the hemp hat looking for sympathy might look instead for some inspiration from Jerome I. Case, who started his agricultural equipment business at the age of 21, miraculously without an iPhone 4s.
Mr. Case got rich by asking people what they want and making it for them. He did not get rich by telling people what he wanted and waiting for them to do something about it. If you want to declare war on your own poverty, memorize that.
In the last decade alone we have lost 150,000 manufacturing jobs in this state – over 25%. And it’s not just jobs that have been lost; the companies that provided them are gone. Those jobs are not coming back, no matter how long we extend unemployment benefits pretending they are. The 450,000 people who still work in manufacturing in Wisconsin are damn good it at, but we are now outnumbered by people who work for government. A significant number of the latter are tasked with taxing, regulating, and generally harassing the former. While it is true that many manufacturers chased low-wage opportunities on their own, many more were driven out of the state by the increasing cost of doing business here.
It is a myth that unions improve wages. If you consider only the 1,000 jobs in a closed shop, you might think an average union wage is, say, $30/hr. But if you add in the zero wages of the 10,000 jobs lost in companies chased out by union harassment, the average of all 11,000 union workers is reduced to $2.72/hr. Do you know the average wage of union iron miners in this state? Zero. And the left is fighting hard to keep it that way in Northern Wisconsin - looking out for the working man, they call it.
It is also a myth that free trade causes job losses. Over the past three years, U.S. manufacturers sold $70 billion more goods to our Free Trade Agreement (FTA) partners than we bought from them. Conversely, we suffered a $1.3 trillion trade deficit with countries where no FTA’s exist. I doubt that kids are going to learn that in our government-union monopoly schools – it doesn’t fit the narrative.
No one wants to see another person suffer in poverty, and liberty is the best economic policy there is. The great industrialists of Wisconsin took less than a generation to lift millions up to a life of dignity, pride, prosperity and good will. When enterprise was free and government was limited, we all prospered. Those great men of industry were not anointed at birth to be rich; they rose from nothing to great wealth through their own hard work and the value they added to their employees and their customers through choice, competition, and voluntary exchange. That is the only sure path to real prosperity; the debt economy is a temporary illusion.
Look again at the list of our famous industrialists and the list of our current employers. Who would you wish your child or grandchild to grow up to be? Who do you think will do more good on this earth – Jerome I Case and his tractors, or the Coordinator of Supplier Diversity at MPS.
If you chose MPS, then apply now – that job is open, and it pays up to $72,000 plus benefits and early retirement. Go in peace and save the world. Me, I'm going with the tractor guy.
Moment Of Clarity” is a weekly commentary by Libertarian writer and speaker Tim Nerenz, Ph.D. Visit Tim’s website www.timnerenz.com to find your moment.
Hmm, from the start of his letter, he talks about how he thought that Obummer’s election... “hoped that your election would bring a salutary change”.
Ooooh sorry, Mr. Cooperman, sir. This wasn’t the change you expected? It certainly was what I expected from Commie Obammie and his cronies. Mr. Cooperman, I’ve got a bridge in Brooklyn you might want to buy.
Seriously, it is nice to read about people finally waking up to this madness.
The media.
Thank you...Awesome article! A must read for everyone!!!
Thanks for posting this.
I have not seen a good explanation from the wealthy as to why they pay thousands of dollars to attend one of Obama’s fund-raising events.
As Leon clearly pointed out, Obama’s actions and words are counter to the best interests of the very people that attend Obama’s fund-raising events.
And so I pose the question to All:
“What motivates the wealthy to pay Obama after he has proven himself to be the quintessential Bank-Bashing-Bolshevik?”
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