Right Wing Shamelessly Lies About Obama's Wall Street Speech (wage, Whitehouse, lobbyists)
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I think President Obama was speaking about what he perceives are the unintended consequences of the law, not the actual letter of the law. Fair?
Sorry, President Obama was speaking to the people on Wall Street and their business practices and I can't begin to tell you what's fair and not fair in that business. Can you?
This is the second time you've wrongly stated that he was speaking to Wall Street.
No, he was speaking to a group of ordinary Americans in Quincy Illinois.
He coupled 'fairly earned success' with the concept that "at a certain point you've made enough money". He went off the teleprompter to add that line in SPECIFICALLY. The only thing he left out was to define in dollars and cents what that certain point is. But there is no doubt, in his mind there is a certain point at which people earn too much money despite it being fairly earned.
This is the second time you've wrongly stated that he was speaking to Wall Street.
No, he was speaking to a group of ordinary Americans in Quincy Illinois.
He coupled 'fairly earned success' with the concept that "at a certain point you've made enough money". He went off the teleprompter to add that line in SPECIFICALLY. The only thing he left out was to define in dollars and cents what that certain point is. But there is no doubt, in his mind there is a certain point at which people earn too much money despite it being fairly earned.
Okay I was wrong about his audience, but he was speaking about Wall Street and their shenanigans that led to the financial disaster. We'll have to agree to disagree on what President Obama meant about earnings.
My OP stands, by taking someone's words out-of-context is a lie. You know damn well why those specfic words were chosen, you're not fooling anyone.
Okay I was wrong about his audience, but he was speaking about Wall Street and their shenanigans that led to the financial disaster. We'll have to agree to disagree on what President Obama meant about earnings.
My OP stands, by taking someone's words out-of-context is a lie. You know damn well why those specfic words were chosen, you're not fooling anyone.
LOL, those words were chosen because those are the words HE SPOKE. He made a point to add them into the speech....so we all would be clear on his particular point of view.
He had to ADD IN that at some certain point he thinks you've earned enough, even if it was earned fairly. Those are HIS words, specifically chosen by OBAMA, in the context that he chose. They are not the words of the speech writers or his staff....those are his personal thoughts and views that he injected into the conversation.
If it makes you feel better to think that he didn't mean it then so be it...but he isn't fooling anyone else but you.
LOL, those words were chosen because those are the words HE SPOKE. He made a point to add them into the speech....so we all would be clear on his particular point of view.
Agreed.
Quote:
He had to ADD IN that at some certain point he thinks you've earned enough, even if it was earned fairly.
That's your opinion. My opinion is that reason his quote was taken out-of-context was so more people came to the same conclusion as you.
Quote:
Those are HIS words, specifically chosen by OBAMA, in the context that he chose. They are not the words of the speech writers or his staff....those are his personal thoughts and views that he injected into the conversation.
Agreed.
Quote:
If it makes you feel better to think that he didn't mean it then so be it...but he isn't fooling anyone else but you.
PRESIDENT OBAMA: "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."
This is what he actually said:
"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. But, you know, part of the American way is, you know, you can just keep on making it if you’re providing a good product or providing good service. We don’t want people to stop, ah, fulfilling the core responsibilities of the financial system to help grow our economy."
Yes, they are shameless liars.
I guess if he said I'm a Marxist you would spin that saying we're taking it out of contest, right? You can't be taken seriously.
By the way the part in bold was always included when that speech was discussed on the radio.
I don't know what you're talking about.
PRESIDENT OBAMA: "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."
This is what he actually said:
"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. But, you know, part of the American way is, you know, you can just keep on making it if you’re providing a good product or providing good service. We don’t want people to stop, ah, fulfilling the core responsibilities of the financial system to help grow our economy."
Yes, they are shameless liars.
Fundamental lesson of Capitalism 101: Governments and bureaucrats don’t make what people want and need. They only get in the way. It is individuals, cooperating peacefully and voluntarily, working together without mandate or central design, who produce the world’s goods and services. They make what people desire and demand for themselves, not what Obama and his imperial overlords ordain that the masses should have.
As usual, Obama’s populist demagoguery is telling in its omissions and selectivity. While he lectures on the morality of salary caps for everyone else, his own cabinet is filled with fabulously wealthy CEOs and statist creatures who have parlayed government employment (a “good” service) into private gain as lobbyists, consultants and advisers (“core responsibilities of the financial system”) and then back again to public stints. Revolving doors have always grown the Beltway economy.
To wit: Austan Goolsbee, head of Obama’s Economic Recovery Advisory Board, is the 15th wealthiest member of the Obama administration, with assets valued at between $1,146,000 to $2,715,000. He also pulled in a University of Chicago salary of $465,000 and additional wages and honorarium worth $93,000, according to the Washingtonian magazine.
What “good” did he provide? The government research fellow and Obama campaign adviser was a champion of extending credit to the un-creditworthy. In a 2007 op-ed for The New York Times, he derided those who called subprime mortgages “irresponsible.” He preferred to describe them as “innovations in the mortgage market” to expand the pool of home buyers. Now this wrong-headed academic who espoused government policies that fed the housing feeding frenzy is in charge of fixing the loose-credit mess he advocated. This is the “American way”?
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