Thursday, December 16, 2010

Wrong message Mr. President

Some days it's harder to hold my empathy for our President than others. I mean, why did Obama say this?

I want to dispel any notion we want to inhibit your success,” President Obama told 20 CEOs this morning, according to a source in the room. “We want to be boosters because when you do well, America does well.
We? Speak for yourself Mr. President. If that was true, then wouldn't the economy be in better shape right now? As Digby points out, only Americans doing well are CEOs of the multinational corps. And median household income fell again this year.

Meanwhile, the CEOs weren't shy about issuing their ransom demands publicly:
CEOs discussed the need to increase exports through trade deals with South Korea, Panama, and Colombia; regulations they find burdensome; and needing more certainty in taxes – wanting, for instance, the research & development tax credit to be made permanent.

“We’d like to have longer visibility,” UPS Chairman and CEO Scott Davis told ABC News after the meeting. “We’d like to be able to see out three, four, five years to what policy is, that would help spur investment…. I think understanding tax policy, you know, not just tax policy, general, all policy helps when you are making investments. We make investments for long term. We make investments for 5, 10, 20, 30 years. You like to have a better feeling as to what’s the environment going to be out 5 years.”

Davis said one of the key reasons for the cash being stored away “has been coming through the financial crisis… Corporations are starting to feel more confident than they did a year or two years ago. So I think we will start to see more investments as we move forward...” [...]

UPS had $3 billion on hand at the end of the third quarter, after having eliminated 18,000 jobs in 2009.
In other words they want to be sure they'll be allowed to screw their workers and pocket the profits without any of "their" money being "stolen" for taxes to support the public commons, on which they themselves place the greatest drain. Because they got so scared by a financial meltdown they created themselves? And are still profiting on by scavenging on the ruins they left behind.

Obama should be telling these sociopaths to go to hell. Trouble is they really do have the means to crash the economy all over again. So basically we're all screwed. I wonder if the solution would be to break up the multinationals so they don't hold that kind of power. They did that sort of thing in the past, didn't they?

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Anonymous Anonymous said...

I see that the nature of your commentary has not changed. Your're still an uneducated idiot.

5:27:00 PM  
Blogger Capt. Fogg said...

This comment has been removed by the author.

10:21:00 AM  
Blogger Capt. Fogg said...

Why do I keep having to remind you that there is no reason - and you have never furnished a reason - for anyone to believe that you have any brains or education or experience or in fact, any reason at all for anyone to credit anything you say as being driven by anything other than childish fear, jealousy and delusion? All you've ever offered are gratuitous insults aimed at straw men of your own creation.

Dogs often think humans are stupid, but you know, they're dogs and the nature of their commentary never changes.

10:22:00 AM  
Blogger Libby Spencer said...

Thanks Fogg. I don't have the time or the patience to engage with my number one stalker. Beginning to think he has quite a crush on me, the way he follows me around, everywhere.

2:12:00 PM  

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