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Don't worry, Obama Hates Free Enterprise too!

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    Posted: 25 October 2009 at 8:43am
At least I'm not the only one who see's this...
 
 

Obama vs. The American Businessman

by Peter Schweizer

Okay, it’s time to finally admit it:  Barack Obama hates businessmen.  Not just certain businessmen, mind you, but the entire profession.

Of course President Obama will deny this.   He told Businessweek magazine in a recent interview that he is not anti-business and that he believes in the private sector.  But the evidence is overwhelming,  and it helps explain why he is pursuing kamakazi-like economic policies that will damage the private sector in America.

going-out-of-business

Obama has demonized just about every business sector in America.  Through the 2008 campaign to the present,  he has gone after credit card companies, the coal industry, mortgage companies, real estate companies, steelmakers, utilities, drug companies, doctors, oil companies, Wall Street, defense contractors, and health insurance companies, just to name a few.  In each case he has dinged them for greed, taking excessive profits, and failing to put people first.  His criticisms have not been over minor matters but over their basic core functions, and their values or lack of them.

Obama demonstrates almost complete ignorance about the private sector and it’s no wonder:  he has so little experience in it.  He has spent his adult life in college, teaching college, and organizing communities.  The one private sector job he has held, for a consulting firm in New York, he recounts as a terrible experience.  In his memoirs he describes the experience as working for a private business “like a spy behind enemy lines.”  He also recounts in his memoirs that the multinational corporations in the Indonesia of his youth were propelling the average worker “into deeper despair.”  He likened the presence of corporations in his native Africa to a form of “neocolonialism.”  Michelle Obama has beseeched young people, “We left corporate America, which is a lot of what we are asking young people to do.  Don’t go into corporate America.  You know, become teachers, work for the community,  be a social worker, be a nurse….move out of the money-making industry, into the helping industry.”

This is, of course, the Obama Cosmotology.  The private sector is largely populated by devils, who are self-oriented, concerned about personal gain,  and unconcerned about others.  The government, on the other hand, is made up of people bathed in altruism, whose only concern is you.  Thus it is quite easy for Obama to recall the divide between the private and public sector as “enemy lines”  even though he would never call the Iranian Mullahs, Hugo Chavez, or Vladimir Putin an “enemy.”

All of this begs the question:  does Obama’s demonizing of business simply reflect his lack of experience in the private sector or is it based on a well-thought out analysis?  In short, is it based on ignorance or ideology? While we can’t know what Obama’s deeper thoughts actually are, it does seem pretty clear that Obama has at least some sense that the free market is people voluntarily exchanging money for a good or service they want.  After all, this is a man who has made millions selling books.  Surely he has to understand basic economics? The darker interpretation of this is the Obama knows that the private sector creates wealth and prosperity and that it wages war on it anyway because his ideologically driven agenda is more important to him that the economic health of the country he is supposed to be protecting.   Say it isn’t so….

They tremble at my name...
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Post Options Post Options   Thanks (0) Thanks(0)   Quote High Voltage Quote  Post ReplyReply Direct Link To This Post Posted: 25 October 2009 at 8:46am
TL;DR
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Post Options Post Options   Thanks (0) Thanks(0)   Quote mbro Quote  Post ReplyReply Direct Link To This Post Posted: 25 October 2009 at 11:41am
First, he also had a private sector job working for a law firm while he was teaching at U of Chicago as well as when he was in the state legislature.

Second, "his native Africa"....

Cute.

I thought we put this birther crap behind us three months ago?

Don't blame me, I voted for Kodos.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Mack Quote  Post ReplyReply Direct Link To This Post Posted: 25 October 2009 at 11:47am
I actually took the usage of "native africa" in this article as meaning the land of his ancestors as opposed to being a birther-slam.  If it was intended as such, the right is actually learning to be a bit more subtle.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote mod98commando Quote  Post ReplyReply Direct Link To This Post Posted: 25 October 2009 at 12:15pm
So by attacking companies that have put themselves before the good of the consumer, Obama hates business? My friend, you are indeed a fool if you don't think that government should be protecting consumers from businesses. The best example, I think, would be credit card companies. It's not the credit card company's fault if people get themselves into debt but it is their fault if they make it easier for them to do so. They were also pulling some shenanigans to justify charging fees to their customers. I remember not long ago they were lowering people's credit limits dramatically to sort of trick them into exceeding the limit, and therefore required to pay fines. Obama responded to that with the idea that we should have regulations in place to prevent things like this because it is dishonest and wrong. I don't agree with Obama on most things but I definitely don't think he's wrong or abusing his power when he says the CC companies could use a spanking.
oreomann33: Everybody invades Poland
Rofl_Mao: And everyone eats turkey
Me: But only if they're hungary
Mack: Yeah but hungary people go russian through their food and end up with greece on everyth
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Post Options Post Options   Thanks (0) Thanks(0)   Quote __sneaky__ Quote  Post ReplyReply Direct Link To This Post Posted: 25 October 2009 at 12:42pm
Originally posted by High Voltage High Voltage wrote:

TL;DR
FE;DR
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Mack Quote  Post ReplyReply Direct Link To This Post Posted: 25 October 2009 at 1:33pm
Originally posted by __sneaky__ __sneaky__ wrote:

Originally posted by High Voltage High Voltage wrote:

TL;DR
FE;DR


LOL.  Wouldn't FE; DO (Didn't Open) be simpler though?

Originally posted by mod98commando mod98commando wrote:

So by attacking companies that have put themselves before the good of the consumer, Obama hates business? My friend, you are indeed a fool if you don't think that government should be protecting consumers from businesses. The best example, I think, would be credit card companies. It's not the credit card company's fault if people get themselves into debt but it is their fault if they make it easier for them to do so. They were also pulling some shenanigans to justify charging fees to their customers. I remember not long ago they were lowering people's credit limits dramatically to sort of trick them into exceeding the limit, and therefore required to pay fines. Obama responded to that with the idea that we should have regulations in place to prevent things like this because it is dishonest and wrong. I don't agree with Obama on most things but I definitely don't think he's wrong or abusing his power when he says the CC companies could use a spanking.


While I agreed with most of this, I have to disagree with the bolded part.  Just because something is easy to do doesn't mean someone should do it or has to do it.  I have no sympathy for the "I went deeper in debt because the credit card company gave me more credit" argument.

I was unaware of the changing credit limits thing; do you have a link, I'm curious.*

*But too** lazy to search for myself.***
**Correct usage of "too" just to make PariellsBack happy. Big smile
***As in search for the information for myself, not find myself; I know where I'm at.


Edited by Mack - 25 October 2009 at 1:35pm
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Eville Quote  Post ReplyReply Direct Link To This Post Posted: 25 October 2009 at 2:59pm
An opinion piece from a website call biggovernment.com?  Definitely credible.  
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Post Options Post Options   Thanks (0) Thanks(0)   Quote choopie911 Quote  Post ReplyReply Direct Link To This Post Posted: 25 October 2009 at 4:08pm
FE;DR

I thought we already showed FE that capitalism has a downside, and it doesn't automatically become socialist black guy propaganda against the american businessman.

that's too outlandish to be true though right? It has to be a plot to destroy his own country.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote mod98commando Quote  Post ReplyReply Direct Link To This Post Posted: 25 October 2009 at 10:42pm
Originally posted by Mack Mack wrote:

Originally posted by __sneaky__ __sneaky__ wrote:

Originally posted by High Voltage High Voltage wrote:

TL;DR
FE;DR


LOL.  Wouldn't FE; DO (Didn't Open) be simpler though?


I loled at that one, not gonna lie.

Originally posted by Mack Mack wrote:


Originally posted by mod98commando mod98commando wrote:

So by attacking companies that have put themselves before the good of the consumer, Obama hates business? My friend, you are indeed a fool if you don't think that government should be protecting consumers from businesses. The best example, I think, would be credit card companies. It's not the credit card company's fault if people get themselves into debt but it is their fault if they make it easier for them to do so. They were also pulling some shenanigans to justify charging fees to their customers. I remember not long ago they were lowering people's credit limits dramatically to sort of trick them into exceeding the limit, and therefore required to pay fines. Obama responded to that with the idea that we should have regulations in place to prevent things like this because it is dishonest and wrong. I don't agree with Obama on most things but I definitely don't think he's wrong or abusing his power when he says the CC companies could use a spanking.


While I agreed with most of this, I have to disagree with the bolded part.  Just because something is easy to do doesn't mean someone should do it or has to do it.  I have no sympathy for the "I went deeper in debt because the credit card company gave me more credit" argument.


I actually disagree with the bolded part too, I meant something else but worded the sentence like a moron. What I meant was that they make it easy for you to get more credit than you deserve because they want to charge you fees and get more money out of you. In a sane world, they'd look at the credit report of somebody who has been racking up debt and deny them a new card because they obviously will have trouble paying the bill. However, they don't always do that. Then there's all these silly little fees thrown into the fine print and the whole deal about them suddenly lowering your credit limit to bait you into exceeding it. In most cases, I agree that a stupid decision is the fault of the stupid...err..decider and they deserve what comes their way as a result. However, when it comes to financial things, the effects are rarely limited to a single person. People should obviously learn to control themselves and spend within their means but because so many people have trouble with this, I think it's important to limit their ability to splurge using credit. I say this simply because all these people going into debt will affect those around them in some way, making it effectively a danger to society. Sure, those people are dumb for doing so but if we can't get them to make the right decision then we should do the next best thing which is to limit their ability to be dumb. Making it easy and encouraging stupidity is contributing to the problem so if these companies won't acknowledge that and change, it should be forced on them for the good of the economy until people wise up.

Originally posted by Mack Mack wrote:


I was unaware of the changing credit limits thing; do you have a link, I'm curious.*

*But too** lazy to search for myself.***
**Correct usage of "too" just to make PariellsBack happy. Big smile
***As in search for the information for myself, not find myself; I know where I'm at.


Going to try to find a link for you (would have before but I was tired and lazy). It happened earlier this year, I remember hearing about it on the news. Made me glad I didn't have a credit card. They actually lowered credit limits on people significantly without notice or reason and, naturally, many people went over their limit and were charged for it. Pretty lame, especially during a recession. I can understand lowering credit limits if you think people won't pay up but you should have to give people notice first.

Edit: Link

This one is from Feb 2009. Towards the end, the CC company makes a valid point about cutting limits without notice so people can't splurge at the last minute but I would think that if the person was that risky they either shouldn't have given them the card in the first place or they should have gradually lowered their limit. One person had their credit cut from 5000 to 500. That's pretty absurd.


Edited by mod98commando - 25 October 2009 at 10:55pm
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Mack Quote  Post ReplyReply Direct Link To This Post Posted: 25 October 2009 at 11:43pm
I noted that most of the amounts listed in the article were in pounds as opposed to dollars.  That point aside, I think that any credit card company that was so stupid as to get itself in financial difficulty because of who it gave credit to should be allowed to fail.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote mod98commando Quote  Post ReplyReply Direct Link To This Post Posted: 25 October 2009 at 11:56pm
Yeah, it was surprisingly difficult to find a good article on this. That article was from the UK but the same nonsense took place here. I saw something on businessweek.com but it wasn't really an article, just a discussion kind of thing. It had a link for the AP story it was based on but the link was dead and I couldn't find it in a search so I gave up. Oh well.
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Me: But only if they're hungary
Mack: Yeah but hungary people go russian through their food and end up with greece on everyth
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