Obama says "you've made enough money"

[spidey07]

Every time he opens his mouth his true beliefs are exposed. This is what the man honestly believes. And that the core responsibility of companies is to grow the economy? That couldn't be further from the truth, their core responsibility is to grow their product/services so they can make more money.

The business of business is to make more money. THAT very principle is what drives our economy.

http://www.examiner.com/x-43345-St-...Obama-knows-when-you-have-earned-enough-money

"Now, what we’re doing -- I want to be clear, we’re not trying to push financial reform because we begrudge success that's fairly earned. I mean, I do think at a certain point you’ve made enough money."

What an incredibly arrogant thing to say. This is the same guy who hired a pay czar to monitor Wall Street pay. Why exactly does the President think he can deem people as having made enough money? The prospect of making boatloads of money is one of the strongest motivating forces for people to work hard and succeed. When entrepreneurs make money in a free market that means they are providing a good that consumers want. And when they continue to make more money, that means all of us are benefiting.

And when exactly does someone have enough money? One million, five million, ten million? Last year the President and First Lady made over $5 million, but just about everything they do is paid for by the taxpayer, so it seems as if they made far more than enough money, so perhaps they should give most of it back. You know, redistribute that wealth.

 

[nick1985]

Didnt you hear? He wants to spread the wealth around.

 

[Patranus]

Come on now, paying confiscatory taxes is patriotic!

 

[jhbball]

Shouldn't you true conservatives be working or something?

 

[Patranus]

Shouldn't you true conservatives be working or something?

Why work when I can bill american rates to companies and pay people $5 an hour in India?

 

[boomerang]

I'd like to see a dollar amount on this. If he feels that way, he should be able to tell us exactly how much is too much. I'll bet it's a moving target, pegged to his income and probably starts at $.01 more than he made.

 

[piasabird]

If it was not for companies like Intel and Apple and Ford our economy would be in the hopper.

 

[IceBergSLiM]

Well If this is regarding the banksters then I wholeheartedly agree. Banksters do nothing for society....they make calculated gambles with other peoples money and take no loss when they lose and all profit when they win.

 

[zsdersw]

Obama also said this:

"But part of the American way is you can just keep on making it if you’re providing a good product or you’re providing a good service."

 

[CPA]

In before the "troll thread is troll" and "if it pisses off republicans, I'm for it" crowd shows up.

 

[nonlnear]

Well everything we have comes from society, so it's only right that we be required to give it all back to "society"...

 

[CPA]

Obama also said this:

"But part of the American way is you can just keep on making it if you’re providing a good product or you’re providing a good service."

I would argue that's not the American way, per se. And look what he left out - the part about making as much money as you can with that good product or service.

The American way is about making money for shareholders (or yourself)...period.

 

[umbrella39]

Shouldn't you true conservatives be working or something?

LOL. They are working, this IS their job.

 

[werepossum]

Depends upon whom is making the money. Algore obviously will never reach the level of "having made enough money", whereas Limbaugh would reach it at approximately minimum wage and the average, unconnected Joe reaches that point at roughly average wages. When you are the Messiah and are "fundamentally transforming" America, a big part of your responsibilities is making sure that the "right" people (who are of course the left people) make billions while the "wrong" people (who are of course the right people) have negative incomes to "pay their fair share".

LOL CPA.

 

[zsdersw]

I would argue that's not the American way, per se. And look what he left out - the part about making as much money as you can with that good product or service.

The American way is about making money for shareholders (or yourself)...period.

He said it was a part of the American way, not all of it.

 

[umbrella39]

Why work when I can bill american rates to companies and pay people $5 an hour in India?

Typical import.

 

[Ldir]

I'd like to see a dollar amount on this. If he feels that way, he should be able to tell us exactly how much is too much. I'll bet it's a moving target, pegged to his income and probably starts at $.01 more than he made.

Are you guys in a race to see who can be wrong the most? He was talking about Wall Street and reforming the finance sector.

We had a system where some on Wall Street could take these risks without fear of failure, because they keep the profits when it was working, and as soon as it went south, they expected you to cover their losses. So it was one of those heads, they tail -- tails, you lose.

So they failed to consider that behind every dollar that they traded, all that leverage they were generating, acting like it was Monopoly money, there were real families out who were trying to finance a home, or pay for their child’s college, or open a business, or save for retirement. So what’s working fine for them wasn’t working for ordinary Americans. And we’ve learned that clearly. It doesn’t work out fine for the country. It’s got to change. (Applause.)

Now, what we’re doing -- I want to be clear, we’re not trying to push financial reform because we begrudge success that's fairly earned. I mean, I do think at a certain point you’ve made enough money. (Laughter.) But part of the American way is you can just keep on making it if you’re providing a good product or you’re providing a good service. We don't want people to stop fulfilling the core responsibilities of the financial system to help grow the economy.

I’ve said this before. I’ve said this on Wall Street just last week. I believe in the power of the free market. And I believe in a strong financial system. And when it’s working right, financial institutions, they help make possible families buying homes, and businesses growing, and new ideas taking flight. An entrepreneur may have a great idea, but he may need to borrow some money to make it happen. It would be hard for a lot of us to buy a house -- our first house, at least, if we weren’t able to take out a mortgage.

So there’s nothing wrong with a financial system that helps the economy expand. And there are a lot of good people in the financial industry who are doing things the right way. And it’s in our interest when those firms are strong and when they’re healthy.

But some of these institutions that operated irresponsibly, they’re not just threatening themselves -- they threaten the whole economy. And they threaten your dreams, your prospects, everything that you worked so hard to build.

So we just want them to operate in a way that’s fair and honest and in the open, so that we don’t have to go through what we’ve already gone through. (Applause.) We want to make sure the financial system doesn’t just work for Wall Street, but it works for Main Street, too.

Sounds good to me.

 

[Ldir]

The American way is about making money for shareholders (or yourself)...period.

That attitude is destroying America.

 

[shiner]

That attitude is destroying America.

That attitude is what built America

 

[Linflas]

Well If this is regarding the banksters then I wholeheartedly agree. Banksters do nothing for society....they make calculated gambles with other peoples money and take no loss when they lose and all profit when they win.

If by nothing you mean giving people a safe place to keep their wealth while lending out a portion of it to entrepreneurs to finance new businesses which create new jobs then you are right. When government tells them they no longer need to be prudent in whom they lend this money to because they are "too big to fail" then don't be surprised if they go on a bender on someone else’s dime.

 

[nonlnear]

Obama also said this:

"But part of the American way is you can just keep on making it if you’re providing a good product or you’re providing a good service."

Quiet you. It's much more fun to get all wound up about one liners snipped out of speeches than to actually engage ideas in context.

 

[zsdersw]

Quiet you. It's much more fun to get all wound up about one liners snipped out of speeches than to actually engage ideas in context.

 

[PrinceofWands]

The business of business is to make more money.

You're free to feel that way, but others are free to feel differently. Say, for instance, that the business of a business is to provide a good or service to consumers. Some people don't worship money. Some people are good people instead of greedy, self-serving assholes. *shrug*

Welcome to life in a free world.

 

[Ldir]

That attitude is what built America

Wrong. It was a balance between money and important values like service, family, and community. Somewhere along the line greed took over.

 

[Danube]

Obama thinks the world has finite wealth/resources and the US takes more than it's share. That's why he wants to cripple it. He also said the other day most Americans aren't "native" (as if they were born in Europe) and that Plymouth Rock was about immigration. He's an indoctrinated Marxist loser who resents America and really considers himself an outsider (like the "spy" he described himself as in his book)

The Asia Times summed him up well in 08

"Obama's women reveal his secret"

America is not the embodiment of hope, but the abandonment of one kind of hope in return for another. America is the spirit of creative destruction, selecting immigrants willing to turn their back on the tragedy of their own failing culture in return for a new start. Its creative success is so enormous that its global influence hastens the decline of other cultures. For those on the destruction side of the trade, America is a monster. Between half and nine-tenths of the world's 6,700 spoken languages will become extinct in the next century, and the anguish of dying peoples rises up in a global cry of despair. Some of those who listen to this cry become anthropologists, the curators of soon-to-be extinct cultures; anthropologists who really identify with their subjects marry them. Obama's mother, the University of Hawaii anthropologist Ann Dunham, did so twice.

Obama profiles Americans the way anthropologists interact with primitive peoples. He holds his own view in reserve and emphatically draws out the feelings of others; that is how friends and colleagues describe his modus operandi since his days at the Harvard Law Review, through his years as a community activist in Chicago, and in national politics. Anthropologists, though, proceed from resentment against the devouring culture of America and sympathy with the endangered cultures of the primitive world. Obama inverts the anthropological model: he applies the tools of cultural manipulation out of resentment against America. The probable next president of the United States is a mother's revenge against the America she despised.

http://www.atimes.com/atimes/Front_Page/JB26Aa01.html