President Obama: Well, first of all, I think Corey Booker is an outstanding Mayor. He’s doing great work in Newark and obviously helping to turn that city around. And I think its important to recognize that this issue is not a “distraction.” This is part of the debate that we’re going to be having in this election campaign about how do we create an economy where everybody, from top to bottom, folks on Wall Street and folks on Main street have a shot at success. And if they’re working hard and they’re acting responsibly, that they’re able to live out the American dream.
Now, I think my view of private equity is that it is set up to maximize profit. And that’s a healthy part of the free market. That’s part of the role of a lot of business people. That’s not unique to private equity. And as I think my representatives have said repeatedly and I will say today, I think there are folks who do good work in that area. And there are times where they identify the capacity for the economy to bring new jobs or new industries.
But understand that their priority is to maximize profits. And that’s not always going to be good for communities or businesses or workers. And the reason why this is relevant to the campaign is because my opponent, Governor Romney, his main calling card for why he thinks he should be president is his business experience. He’s not going out there touting his experience in Massachusetts. He’s saying I’m a business guy and I know how to fix it. And this is his business.
And when you’re President, as oppose to the head of a private equity firm, and your job is not simply to maximize profits. Your job is to figure out how everybody in the country has a fair shot. Your job is to think about those workers who get laid off and how do we pay for their retraining? Your job is to think about how those communities can start creating new clusters so they can start attracting new businesses. Your job as President is to think about how do we set up an equitable tax system so that everybody is paying their fair share that allows us to invest in science and technology and infrastructure. All of which is going to help us grow.
If your main argument for how to grow the economy is I knew how to make a lot of money for investors, then you’re missing what this job is about. It doesn’t mean you weren’t good at private equity. But that’s not what my job is as President. My job is to take into account everybody, not just some. My job is to make sure that the country is growing not just now, but 10 years from now and 20 years from now.
And so, to repeat, this is not a distraction. This is what this campaign is going to be about. Is what is a strategy for us to move this country forward in a way where everybody can succeed. And that means I’ve got to think about those workers in that video just as much as I’m thinking about folks who’ve been much more successful.
What I would say is that Mr. Romney is responsible for the proposals that he’s putting forward for how he’s going to fix the economy. And if the main basis for him suggesting he can do a better job is his track record as the head of a private equity firm then both the upsides and the downsides are worth examining.
Private equity firms use private capital, not taxpayer’s monies. Obama has been gambling and losing taxpayers monies on Green Technologies. Trillions of dollars wasted on unproven technologies that should have been left to private enterprise. When JP Morgen Chase lost 2 billion in investments, it did so using private capital, not taxpayer monies. Whenever you invest in equities, it clearly states that these investments are not protected and can lose their value. Meaning you could lose your investment. The government should not be in the business of using taxpayers monies and invest it in risky, unproven investments. That is exactly what the Obama regime did! They stole your money and wasted it in failed investments.
For JP Morgan a 2 billion loss is just a drop in the private equity bucket. Compare that to the fact that JP Morgan Chase reported a full-year 2010 total revenue of $115.5B and a net income of $17.4 billion, losing 2 billion dollars is chump change. But the bottom line is it was private money that was lost, not public money. When you invest your money in companies, you do so at your own risk. When the government takes your tax dollars and invests them risky Green Technologies like Solyndra and loses billions of dollars, you don’t get a choice. The government spent and lost your money and didn’t give you the choice to opt out!
Unscrupulous liberal investors donated to the Obama 2008 campaign with promises to subsidize their companies with taxpayer monies. After the government gave those billions of our taxpayer monies away, those companies went bankrupt, and those crooked investors made millions. They stole our money. Obama stole our money. Obama complains that everyone should get a “fair shot“, what’s fair about billions of taxpayer’s monies being sent to China?
But examine that statement: “And when you’re President, as oppose to the head of a private equity firm, and your job is not simply to maximize profits. Your job is to figure out how everybody in the country has a fair shot.”
This is pure socialism speak. This is attacking capitalism. Obama has already said capitalism doesn’t work. So how has this country become the wealthiest in the world? It is because of capitalism. So what Obama is saying is that anyone that becomes successful needs to share their wealth with everyone else that didn’t work for it. He’s saying you don’t deserve your success, so you must share it with others. That’s your “fair shot“!
Why do progressives politicians lie and get away with it? When a conservative politician gets caught lying all hell breaks loose in the media. The condemnation stories and commentary by the liberal media goes on endlessly. However, when a socialist progressive, a democrat, gets caught lying, it’s almost accepted as standard operating procedure.
Take for example, Bill Clinton’s famous “I did not have sexual relations with that woman” lie. It was later revealed that he did have sexual relations in the oval office with Monica Lewinsky. Of course, Clinton was later impeached, but that was just a slap on the wrist for the playboy of politics. With a lengthy history of sexual improprieties and creepiness, there are still liberal women that gush over him like some kind of rock star.
Remember Barney Frank who boldly stated there was nothing wrong with the housing market just before it collapsed. The same Barney Franks that didn’t know his same sex partner was running a drug and prostitute ring from his house. It’s examples like this that neither gets investigated nor are they prosecuted. Gross incompetence, immorality and criminal behavior seems to be an accepted practice within the progressive paradox.
Then there is the curious case of Elizabeth Warren who for years passed herself off a Native American Indian, Fauxcahontas. When it was later revealed that she may have committed “academic fraud” by describing herself as a minority just so she could get special status at universities, she claimed her high cheekbones made her look like a Native Indian.
A 1997 Fordham Law Review article described Democratic Senate hopeful Elizabeth Warren as Harvard Law School’s “first woman of color,” saying in footnotes that the information was based on a 1996 telephone interview with a Harvard spokesman.
So the prestigious Harvard Law School thinks a lily white woman a person of color?! After a genealogist looked into her family history, it was revealed that her great-great-great grandfather was part of the militia that rounded up Native American Indians known as the Trail of Tears. She has no Native American Indian in her linage at all! She lied! There’s a good chance she will lose the Senate election in Massachusetts to Scott Brown, but what would someone openly lie and think they wouldn’t get caught?
Makes you wonder about the value of elitist universities with a propensity to accept minority status of individuals that are not minorities. But why should there be any special status for anyone? Shouldn’t people be judged by their accomplishment? Remember Derrick Bell, the father of Critical Race Theory? Remember when a young Obama in 1991 praised the former Harvard Law professor for his thesis which is outright racism? If you’ve ever wondered what was wrong with our education and legal system, look no further than the progressives that support racism and inequality. Under the guise of victimhood, these radical racist communists have subverted the educational and legal system into a joke of justice.
There are dozens of stories like this, Connecticut Attorney General Richard Blumenthal, another socialist progressive democrat, lied about his military record by saying he served in Viet Nam, when he never served in Viet Nam. He later halfheartedly apologized for his “exaggeration” and defiantly said, “But I will not allow anyone to take a few misplaced words and impugn my record of service to our country.” You lied! Blumenthal went on to win the Connecticut Senate seat. He was rewarded, for lying.
The double standard is hardly limited to elected public officials; there are other progressives that apply this double standard to those with impeccable standards beyond reproach. However, there are those progressives in their lust for hatred of anything conservative will impugn good people, just because they are conservatives. I read an article from a blog that was extremely disturbing.
I can only describe this blog as an example of seething progressive hatred towards anyone conservative, in particular of conservative woman. In what I would classify as purely misogynistic and vile hate speech; this author weaves a hateful vitriol of people of faith. Apparently in an effort to sell his novel of religious hate, this author compares today’s media and political conservatives as fanatical terrorist. This is the religion of progressives; vilify people of faith as extremists. Call them vulgar names; compare them to the religious bigotry of a history long since past. Reading this person post is like watching Pink Floyd’s the Wall where the central character progressively goes mad dealing with his own loneliness and self-loathing envy of the world around him. Plus he writes like a teenager scrawling dirty messages on the bathroom wall. Simply pathetic!
These are the same progressives that make claims so outrageous, you wonder if they think that you are that gullible and stupid to believe their crap. Progressives are so envious of conservatives that they will deliberately attack the family and children of conservatives. We’ve all heard about Bill Maher and his attacks against Gov. Sarah Palin’s children. We’ve heard Obama’s operatives make disparaging remarks against Mitt Romney’s wife. We’ve listened to Nancy Pelosi, a Socialist Progressive and a Catholic; state that her faith compels her to support same-sex marriage. I was born and raised a Catholic and I’ve never heard of this before, and indeed, there is nothing in Catholic teachings that support Pelosi’s claim.
These are progressive woman attacking conservative women. Their sacrament is abortion. Progressives do not value life like conservatives do. It’s obvious in the comments they use to criticize women with infants born with birth defects. They criticized Gov. Sarah Palin for not aborting her Down ’s syndrome baby. They looked with disgust at large families with normal heterosexual and religious values.
It was the late Paul Harvey that said during one of his broadcast sign-offs in 1965: “If I were the Devil”
If I were the Devil . . . I mean, if I were the Prince of Darkness, I would of course, want to engulf the whole earth in darkness. I would have a third of its real estate and four-fifths of its population, but I would not be happy until I had seized the ripest apple on the tree, so I should set about however necessary to take over the United States. I would begin with a campaign of whispers. With the wisdom of a serpent, I would whisper to you as I whispered to Eve: “Do as you please.” “Do as you please.” To the young, I would whisper, “The Bible is a myth.” I would convince them that man created God instead of the other way around. I would confide that what is bad is good, and what is good is “square”. In the ears of the young marrieds, I would whisper that work is debasing, that cocktail parties are good for you. I would caution them not to be extreme in religion, in patriotism, in moral conduct. And the old, I would teach to pray. I would teach them to say after me: “Our Father, which art in Washington” . . .
If I were the devil, I’d educate authors in how to make lurid literature exciting so that anything else would appear dull an uninteresting. I’d threaten T.V. with dirtier movies and vice versa. And then, if I were the devil, I’d get organized. I’d infiltrate unions and urge more loafing and less work, because idle hands usually work for me. I’d peddle narcotics to whom I could. I’d sell alcohol to ladies and gentlemen of distinction. And I’d tranquilize the rest with pills. If I were the devil, I would encourage schools to refine yound intellects but neglect to discipline emotions . . . let those run wild. I would designate an athiest to front for me before the highest courts in the land and I would get preachers to say “she’s right.” With flattery and promises of power, I could get the courts to rule what I construe as against God and in favor of pornography, and thus, I would evict God from the courthouse, and then from the school house, and then from the houses of Congress and then, in His own churches I would substitute psychology for religion, and I would deify science because that way men would become smart enough to create super weapons but not wise enough to control them.
If I were Satan, I’d make the symbol of Easter an egg, and the symbol of Christmas, a bottle. If I were the devil, I would take from those who have and I would give to those who wanted, until I had killed the incentive of the ambitious. And then, my police state would force everybody back to work. Then, I could separate families, putting children in uniform, women in coal mines, and objectors in slave camps. In other words, if I were Satan, I’d just keep on doing what he’s doing.
Paul Harvey, Good Day.
This is so true of today’s progressives. They are exactly what Paul Harvey was warning the nation about. He saw these progressive coming years ago. He knew they were demonizing all the good values that made America great. Since the maculation of Obama in 2008, he and his progressive minions have been tearing down all the pillars of the Constitution. Socialist progressives like Obama have replaced the Constitution’s God given Rights of Life Liberty and Happiness, with Government Healthcare, Gay Marriage, and Class Envy. It is like some crazed drug addict took over the country.
Not so far from the truth, eh? All of the progressives in government are socialists. Their goal is class envy, the destruction of Judeo-Christian religious institutions and the American family values. The pendulum of liberalism has swung so far to the left that this country is on the verge of total destruction. The Obama regime is transforming a free market capitalist based economy into a government central planning entity. We are looking more like socialist Europe. Our economy is on the verge of collapse. As of today, our government has failed to pass a budget and spending remains out of control. Conservatives have put cost cutting budgets to reform our largest spending problems, entitlements. The Socialist controlled Senate has refused to consider any budget, by the conservatives and Obama. In May 2012, the Senate voted 99-0 against Obama’s budget to increase spending and to raise the debt ceiling.
When conservatives introduce a budget with spending reforms, the progressives set out to attack it. Progressives accuse conservatives of wanting Americans to breathe dirty air, drink dirty water and people with less health insurance.
Obama claims the stimulus has created jobs, but unemployment is still over 8%, and the real numbers are actually higher in certain demographics. Obama has spent Trillions of dollars on Green Energy projects that have either gone bankrupt or moved to China. Obama has directed the Environmental Protection Agency to impose regulations that have shut down businesses and put people out of work.
At a campaign stop in Youngstown, Ohio, today, Vice President Joe Biden lit into Republicans and their presumed presidential nominee Mitt Romney for what he described as a failure to understand the plight of the middle class.
“I resent when they talk about families like mine that I grew up in. I resent the fact that they think we’re talking about envy: it’s job envy, it’s wealthy envy; that we don’t dream,” an impassioned Biden told a crowd of manufacturing workers.
“My mother believed and my father believed that if I wanted to be president of the United States, that I could be, I could be vice president! My mother and father believed that if my brother or sister wanted to be a millionaire, they could be a millionaire! My mother and father dreamed as much as any rich guy dreams!
“They don’t get us! They don’t get who we are!” he yelled before the crowd, drawing loud applause.
Biden was referring broadly to Republican criticism of the administration’s push for higher taxes on wealthier Americans and expanded investment in federal programs aimed at boosting low- to middle-income families.
What people need to understand is that under the Obama regime, the uncertain economic conditions have gotten worse over the last three and a half years. Obama’s war on business has made companies doing more with less. Companies are not hiring because they cannot forecast a business future in taxes and regulations.
It’s not just shutting down oil drilling and coal mining, it’s shutting down farms and lemonade stands. It has just gotten out of control this government aggression. So if conservatives are in favor of dirty water and dirty air and no healthcare, then what are progressives for? Bankruptcy, joblessness and economic serfdom are what progressives want for America.
Obama is using class warfare to promote class envy. Obama has used healthcare to divide religious freedoms. Obama has used the sanctity of marriage to destroy the American family. This is the transformation of America Obama promised as Hope and Change. Apparently, being successful in America is somehow wrong. Obama makes success sound like the rich stole it from the poor.
I don’t believe this is what Americans believe in when they voted for Hope and Change. I don’t think most Americans understood what Obama was promising. The news media deliberately did not vet Obama’s background and the media continues to protect Obama from his abysmal record. There are fewer jobs and fewer opportunities. The problem is the economy and the progressives don’t want to change the economy. Listen to Debbie Wasserman Schultz dodging Fox News Bret Baier’s questions on student loans and the budget. The pure dishonesty by this woman is extraordinary.
She is the Democrat Chairperson, a socialist progressive that refuses the answer a question. She claims she knows what the American people want, but I don’t believe this is what the American people want in their government. She claims Obama has put forth several proposal, but that’s an absolute lie.
Government spending has to be slowed, reforms have to be enacted, but the progressives are going to drag the budget process to the end of the year. That will trigger massive tax increases and will destroy any economic recovery, such as it has been. The government doesn’t create jobs, but the government does eliminate jobs through over-regulations and needless restrictions. Higher taxes will force companies to lay off people. Consumer spending will slow as goods and services increase in cost.
The American people needs to answer a simple question; do we want another four more years of failed economic policies, job crushing regulations and higher taxes? Do we want a government spending its way into bankruptcy? Do we want a central planning socialist government? Do we want some government bureaucrat deciding our healthcare? Do we want the government to force us to purchase health insurance, or pay a fine? Do we want see the decline of America?