Obama : He know's when you've made too much money

[valvano]

http://www.realclearpolitics.com/video/2010/04/28/obama_to_wall_street_i_do_think_at_a_certain_point _youve_made_enough_money.html

nice to know that the president is better than I am at determining at which point if have made enough money in my lifetime...

and people wonder why there is so much negativity around this man...

[Sir SkratchaLot]

http://www.realclearpolitics.com/video/2010/04/28/obama_to_wall_street_i_do_think_at_a_certain_point _youve_made_enough_money.html

nice to know that the president is better than I am at determining at which point if have made enough money in my lifetime...

and people wonder why there is so much negativity around this man...

How much money do you make?

[kaiser soze]

If he's addressing Wall Street he should've been a bit more blunt with many of those criminals.

valvano hates unions but loves robber barons :confused:

[Burnout18]

yeah thats pretty fucking retarded on obamas part.

[valvano]

How much money do you make?

what was your taxable income in 2009? guess whats, its not my business, just as it is not your business what I made. and its not the presidents business to determine when I've made enough...

[valvano]

If he's addressing Wall Street he should've been a bit more blunt with many of those criminals.

valvano hates unions but loves robber barons :confused:

those criminals on wall street might have gotten their just punishments had the idiots at SEC had spent more time paying attention instead of watching porn...

http://voices.washingtonpost.com/federal-eye/2010/04/new_sec_porn_bust_details_rele_1.html

of course, like most govt workers, many of which are represented by civil service worker unions, zero accountability for their actions.

yep, the same govt that failed katrina, that failed those miners in wv, also failed the investors....

[kaiser soze]

You can't have both. It appears you hold the govt accountable from the get go, shouldn't they stay out of our business - ya know that whole govt regulations thing people bitch about?

[Bob]

yeah thats pretty fucking retarded on obamas part.

on the one hand it annoys me when the media or the blogs or whoever latches onto an out of context sound bite and says "LOOK LOOK IT'S PROOF HE'S A COMMUNIST" but on the other hand i'm annoyed that obama keeps giving them those soundbites

so yeah, pretty retarded

[yeahwho]

Today's speaking points, straight from Rush Limbaugh (http://www.rushlimbaugh.com/home/today.guest.html). Nothing more nothing less. If you read the transcript (http://www.rushlimbaugh.com/home/today.parcoltop11.35513.ImageFile.jpg) and have the ability to comprehend beyond speaking points perhaps you too, can do something to stop predatory practices on Wall Street and see WTF is happening here.

BTW nice racial profiling there Rush (http://www.rushlimbaugh.com/home/today.parcoltop11.35513.ImageFile.jpg), fucking asshole.

This is what the sound bite is; 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.

Here is what immediately follows;

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. It works for Quincy. It works for Mount Pleasant. It works for Macon and Fort Madison. (Applause.)

Now, let me explain to you what this reform should look like, because one of the things you discover when you get to Washington is what’s black is white and what’s up is down and sometimes people will --

It's incredible that anyone can take for face value anything that Rush Limbaugh says, I know the link is real clear politics... six, one half dozen the other, it's pure sound bite.

I'm not trying to defend Obama here as much as I'm just trying to defend some sort of integrity in a story line. If anything was off kilter about the Quincy ILL. speech it was once again the analogy of Casinos and Wall Street. Casinos have regulations in place when they fail it's over, they close. Reno is a ghost town, even Fitzgerald's closed. Plus the people who lose at casinos are the customers of casinos, the people who lose when Wall Street cooks the books are our families, grandparents to grandchildren.

[Sir SkratchaLot]

what was your taxable income in 2009? guess whats, its not my business, just as it is not your business what I made. and its not the presidents business to determine when I've made enough...

So you actually think the president is going to be like "fuck congress yo, fuck the constitution, I'm cutting fools off at $50,000. That's good enough for them."?

Is that your concern?

[Echewta]

The Congress shall have power to lay and collect taxes on incomes, from whatever source derived, without apportionment among the several States, and without regard to any census or enumeration.

Its what government does and can do. Change the constitution if you dont like it.

[EN[i]GMA]

http://www.realclearpolitics.com/video/2010/04/28/obama_to_wall_street_i_do_think_at_a_certain_point _youve_made_enough_money.html

nice to know that the president is better than I am at determining at which point if have made enough money in my lifetime...

and people wonder why there is so much negativity around this man...

You haven't "made enough money". You're not rich.

Why do you feel the need to defend rich people? Can't they defend themselves? Can't they defend themselves better than you can defend yourself, given that they're bloody rich?

In your lifetime you will never make enough money to be affected by this legislation (and neither will I -- this isn't a personal insult, just a statistical likelihood: almost no one is rich), so why do you give a shit?

If I had a penny for every time some middle class person defended the economic interests of those with 100 times the wealth they have... then I'd be rich too.

EDIT: And, by definition, other people are better than you at determining when you've made enough money since, if you're a rational economic actor, you'd prefer to have all the money in the world.

Would you say one person owning all of the material wealth on earth is "too much"? If so, then you just disagree about where to draw the line, aka you're a hypocrite.

If you think that's OK, then you're just wrong; you'd rather everyone on earth (including yourself) die than do the just thing and give everyone an equal share.

[EN[i]GMA]

those criminals on wall street might have gotten their just punishments had the idiots at SEC had spent more time paying attention instead of watching porn...

http://voices.washingtonpost.com/federal-eye/2010/04/new_sec_porn_bust_details_rele_1.html

of course, like most govt workers, many of which are represented by civil service worker unions, zero accountability for their actions.

yep, the same govt that failed katrina, that failed those miners in wv, also failed the investors....

So when the government does something wrong it's the government's fault. But when private companies do something wrong, it's the government's fault.

[RobMoney$]

The Congress shall have power to lay and collect taxes on incomes, from whatever source derived, without apportionment among the several States, and without regard to any census or enumeration.


Its what government does and can do. Change the constitution if you dont like it.

No, this is what Democrats do.
BTW, nice attitude Chewy, just lay back and take it. Don't resist and it'll all be over quicker, right?
Brav-fucking-Oh.

[yeahwho]

This is a thread that demonstrates how those with a very low IQ find ways to simplify complex banking enumerations into it's the Presidents fault.

If anyone is buying into that soundbite they have already purchased the "Family Values" propaganda too. The republican party actually tried to stall financial reform against predatory practices that have cost our families trillions of dollars.

I'm amazed at how idiotic it must be to be a republican. I'm not saying the democrats are saints but at least they're pretending to care about your family instead of the banks.

[Bob]

No, this is what Democrats do.
BTW, nice attitude Chewy, just lay back and take it. Don't resist and it'll all be over quicker, right?
Brav-fucking-Oh.

taxes=rape?

[yeahwho]

No, this is what Democrats do.

This is exactly what republicans do. They look out for the banking industries interests.

Elizabeth Warren: GOP Reform Plan Is A Failure, Republicans Choosing Banks Over Families (http://www.huffingtonpost.com/2010/04/29/elizabeth-warren-gop-refo_n_556362.html)

Of all the proposals in the 1,400-page Senate bill attempting to reform Wall Street and protect American consumers, none is more contentious than the one calling for the creation of a consumer-focused agency dedicated to protecting borrowers from abusive lenders.

Reform-minded Democrats want a powerful independent entity able to defend powerless families from the banks and financial firms that squeeze profits out of customers through tricks, traps and outright predatory loans.

Moderates want to say that they voted for a bill that protects consumers -- even if it really doesn't.

Republicans profess a desire to protect consumers, acknowledging regulators' past failures, but they also don't want to stem the flow of credit or needlessly harm lenders' ability to make a buck.

Nobody knows our current status in finance more than Elizabeth Warren, she is looking out for us, the citizens. She is not Sarah Palin.

"Every day that goes by without a clear set of rules in place to guide our economy into the future is a day that costs us money," she said. "Every credit card, payday loan, car loan and check overdraft that hides another fee or another bizarre interest calculation in the fine print costs American families. Every Too Big to Fail that takes on a little more risk, or leverages up just a little more, or that sucks capital away from another business that doesn't have a government guarantee at no charge costs American families. Every lousy product sold to a family, to a retirement fund, or to a local township costs American families.

"We cannot rebuild a strong and reliable economy without new rules," she continued. "We need those rules now. Not next month, not in six months, not in a year. Now."