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Obama To Wall Street: "I Do Think At A Certain Point You've Made Enough Money"

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posted on Apr, 29 2010 @ 11:17 AM
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Wow!!!

This is truly dangerous talk in a free society.

Now Obama is going to tell people when they have made enough money?

This is how far left progressives think.

I remember debating Liberals on Huffington Post. They were upset that Simon Cowell was getting a big contract for American Idol. They were saying that nobody is worth that much and how sad it is Simon is making that much money.

I had to remind them that we live in a free country and if Simon can get a contract worth that much, then FOX is making much more from advertising.

This is the far left mentality and they also think that people who get rich are crooks so they need to redistribute wealth. They think you are crooks unless you're them.

www.realclearpolitics.com...



+13 more 
posted on Apr, 29 2010 @ 11:25 AM
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Sadly, it is a fact that massive accumulation of wealth in the hands of a few greatly destabilizes society, and is destructive to democracy. This is what you have here in the US, where now congress no longer represents the majority, rather they represent what the lobbyists pay them to, meaning that money buys rules. Sadly, those who aspire to acquire such wealth and who succeed, are often those with the least consideration for the welfare of the society, and these are not the ones who should be running things. They usually by design are those who are so materialistically inclined that they have developed little in the ways of compassion or wisdom.

Until our nation truly does seperate money from our electoral system, then perhaps it is its charge to protect us from destabilizing forces...thats what we pay taxes for, to stabilize our society, and as the great accumulation of wealth IS a destabilizing force, it should be addressed in some fashion, rather than ignored. The danger is just too great when oil companies can lobby for war to increase their profit margin, when pharmaceutical companies can lobby for no negotiation of prices to increase their profit, or for a medicine to be passed before proven safe. When agro companies can lobby extensive and burdensome registration of cattle, making it hard for small farms to compete, and so on.



posted on Apr, 29 2010 @ 11:26 AM
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So who all here didn't see this coming?

We all know this guy is socialistic and communistic in ideals.
If he says, "enough is enough", he means it.


I don't know how much more proof people in America need about this guys ulterior motives.

With capitalism, you can't tell people they've made too much money.
That's just the way it is.




posted on Apr, 29 2010 @ 11:29 AM
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If he is telling the truth, I applaud him. It's about time we had strong figures standing up to Wall Street. They have done nothing but used the government to rip this country to shreds.

However, I believe he may be speaking through a forked tongue. After all, aren't these the people that got him elected?



posted on Apr, 29 2010 @ 11:30 AM
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But would obama's income limits also apply to himself and all his democrat cronies?

Watch and you'll see that they won't.




posted on Apr, 29 2010 @ 11:34 AM
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First off, obama is not a socialist. Far from it. Many socialists hate when you call him one because he has little in common with them and his current record is quite the opposite of what they want. Massive profit for insurance? check. Protection for banks who caused the collapse? check. Not socialist.

Secondly, we dont live in a capitalist society, we live more in a monopolistic oligarchy. In a capitalist society everyone is free to compete fairly. In our monopolistic oligarchy, as ive pointed out, those already in business with lots of money manipulate the system to keep newcomers from being able to compete or profit so they go out of business, meanwhile, the few top market holders engage in price fixing between themselves to keep their prices up, but the quality of their product or service down. This is totally against the idea of capitalism, so stop acting like we have it.

To give you an example, the FCC lately criticized american cable companies because our cable fees and services have fallen far behind other countries. While we get about 15m/s transfer rate from our "high speed" net, and we often pay about 50 a month for it, places like sweden get 100m/s and they pay about 14 a month for it. South korea gets that same 100m/s rate, though they do pay a whopping 24 for it. The reason, said the FCC, is that there are really only 2 major cable companies in the US, and they monopolize and price fix to keep costs high, and services low, in order to maximize their profit. Thanks, great system.



posted on Apr, 29 2010 @ 11:35 AM
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reply to post by Matrix Rising
 


Although I am not in agreement that The president has the right to limit earnings i do wonder, for his intended audience, after they have made more money than they could ever spend, even if they lived to be 200, why bother trying to make money anymore?
What is the motivation?

Most of us make money to fund our life, but when you have made more money than you could ever spend in that life, perhaps, you have made enough and you should just...go do something else?

I'm not saying you have no RIGHT to make more money but wonder why you would want to.........


[edit on 29-4-2010 by mumma in pyjamas]



posted on Apr, 29 2010 @ 11:36 AM
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I have to wonder at what point that is and if he feels this applies to him or if he is above this.

"President Obama tax return reveals he made $5.5M in 2009"

Source

Now I have no problem with him making this much. Hell, more power to him I say. But, his rhetoric about obscene profits and the way he tries and act as though he is just a common man seems a stark contrast to reality.



posted on Apr, 29 2010 @ 11:40 AM
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The real question is how much does he think is enough, thats what I would really want to know. Obama himself makes more than most citizens do, perhaps he would do well to take a dose of his own medicine if he thinks there is a point in which your income should be capped?



posted on Apr, 29 2010 @ 11:46 AM
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reply to post by centurion1211
 


Exactly, Obama made millions.

It's sad that useful idiots buy this garbage from politicians. Of course you're going to have an imbalance of wealth in a free society because some people will succeed and some will fail. It's not the job of Obama and the democrats to redistribute wealth.

The crooks in Washington are making more money while wasting and spending us into over 12 trillion dollars in debt and over100 trillion dollars in unfunded liabilities.

Look at this report:


As Washington reels from the news of 10.2 percent unemployment, the Center for Responsive Politics is out with a new report describing the wealth of members of Congress.

Among the highlights: Two-hundred-and-thirty-seven members of Congress are millionaires. That's 44 percent of the body - compared to about 1 percent of Americans overall.


www.commondreams.org...

The reason why these people can earn and maintain their wealth is because they spend our money for every little thing. They spend our money for everything from flowers to magazine subscriptions.

It's sad we have useful idiots in this country that support a President talking like this in America.

People make money and get rich and the class envy from those who may have failed is sad. If you failed then try again, don't try to rob and take from those who are a success.

People are complaining about lobbying but the Democrats have controll of both houses and the Presidency. They could pass a bill tomorrow banning corporate lobbying.

They will not because it's the corporate money that secures their seats in Washington. So if you think financial reform from these crooks in Washington will accomplish anything, you have your head in the sand.

The most is will do is spend and waste billions of dollars that we don't have.

[edit on 29-4-2010 by Matrix Rising]



posted on Apr, 29 2010 @ 11:51 AM
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Originally posted by Matrix Rising
This is how far left progressives think.


Congratulations for adding to the negative political divide in this country, based on a 30-second sound bite.


When we have bailed out BILLIONAIRES, then I think something should be done.


Originally posted by Talvar
"President Obama tax return reveals he made $5.5M in 2009"


You realize we're talking about people who make 1000 times that in ONE year, every year, don't you?



One manager, John Paulson, made $3.7 billion last year. He reaped that bounty, probably the richest in Wall Street history, by betting against certain mortgages and complex financial products that held them.


Source

And if you and the OP had listened to Obama's complete speech instead of a sound bite, you might get the gist of his message. But that wouldn't serve your divisive agenda, would it?




posted on Apr, 29 2010 @ 11:53 AM
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I wonder how much obama has made, lol.

Of course a person only needs so much, but i doubt they will ever audit the rockefellars lol in america, or the rothchilds in europe.



posted on Apr, 29 2010 @ 11:54 AM
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How many more times does Obama have to make statements like this for people to see what really lies beneath his obvious facade? The man is a die hard progressive. He was in college and still is today.

The writing is all over the wall and the zombies from the left still don't get it.

How many millions did Obama make on his books? The Obama's reported $5million in earnings last year. I think he should have held off at $3million. 5 million is just way too much. Bill Gates, Warren Buffet, George Soros etc etc. Way too much. Oh wait, Gates is ok because he does not work on Wall Street. He only invests his money there. Buffett and Soros need to cough up though.

Geithner must feel pretty bad about this comment considering all of his ties to Citi Group and Wall Street.



posted on Apr, 29 2010 @ 11:54 AM
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Originally posted by Matrix Rising
reply to post by centurion1211
 


Exactly, Obama made millions.

It's sad that useful idiots buy this garbage from politicians. Of course you're going to have an imbalance of wealth in a free society because some people will succeed and some will fail. It's not the job of Obama and the democrats to redistribute wealth.
[edit on 29-4-2010 by Matrix Rising]


Exactly.

See 3 posts above mine from someone that can always be counted on to defend obama from anything and everything.

And there absolutely is no constitutional power given to obama to set wages, or remove executives from companies.


[edit on 4/29/2010 by centurion1211]



posted on Apr, 29 2010 @ 11:57 AM
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I don't understand... do people hate Obama enough that his statement towards a certain group, has to be declared a statement for the entire nation? Wallstreet is basically gambling with stocks. People get pissed because Casinos bring hard drugs and crime to their local areas, when Wallstreet brings wars to nations across the entire world. This is very good that Obama is pointing this out, but as the president, i would quickly try to eradicate all the poison in the water before we are all pushed against the wall and stripped of our human rights, to love and help one another instead of having the right to kill another person.



posted on Apr, 29 2010 @ 12:02 PM
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reply to post by Benevolent Heretic
 


There is a political divide in this country whether you like it or not.

There's some who want massive government with massive government control and there's those who want a small, limited government.

This is a political divide and there's nothing wrong with it. There's some people who blindly follow party on both sides, I don't. I talk about far left progressives and so called conservatives that followed big spending Bush over a cliff.

Also, I notice that liberals never talk about George Soros.

He has a net worth of 9 billion dollars and he made his money betting against currencies.

Liberals never complain about Soros because he bank rolls their liberal think tanks.

Hypocrites!!



posted on Apr, 29 2010 @ 12:03 PM
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reply to post by drkid
 


The market for stocks is itself a gamble. You are betting on the company you hole either increasing or decreasing in value. That's how it works.

The federal reserve has brought this style of gambling to our currency.

Obama may think these people have "made enough" but that just illustrates his support for the system that has been manipulating value for so many years.

It's like he wont say rape is wrong. Just too much rape is wrong.

Not only is he proposing limits to earnings and essentially limits to property but he's also saying the artificial means by which the government manipulates cost and value is perfectly acceptable albeit to a point.

His statement reeks of status quo. Pillage all you want for the state from the people but dont pillage too much from the people for yourself.



posted on Apr, 29 2010 @ 12:06 PM
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So why do you think they crashed our economy? Just for giggles? Get a good laugh? Up to a challenge?

It is called GREED.

And apparently it is a very dangerous thing, as the whole world knows right now.



posted on Apr, 29 2010 @ 02:28 PM
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Hm. So you point out i complain about lobbyists, and then you say "well, democrats have control of congress now, do you think they will do anything about lobbying?". I see...you obviously have identified me as one of your far leftists, and suppose i support the democrats therefore. This is the political divide the above poster was talking about, generalizing all people into one of three groups, not realizing there are more than 2 parties.

I dont support most of Obama's actions, nor do i think the republicans or democrats have our best interest in mind. I know for a fact that the majority of them are there to cater to their bank accounts, and not for the good of the people, and that most of them on both sides sell us out regularly for lucrative kickbacks from big corporations.

I am for small government...but then, contrary to what many of you type, NO one claims to be for big government. Anytime someone posits the idea that something should be regulated you all clamor and yell they want big government. They dont. They want limited government with effective oversight and minimal corruption.

Stop the hyperbole please. The idea of big brother frightens everyone.



posted on Apr, 29 2010 @ 02:32 PM
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I would like a POTUS to say,"Sadly I think the employees of the Federal Government i.e. Congress, White House Staff, Me the POTUS, etc etc....have made too much money off of the backs of our Tax Payers. From this day forward I am using my POTUS powers to Limit Federal pay for employees at $50,000."



[edit on 29-4-2010 by prionace glauca]




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