Obamateurism of the Day

posted at 8:01 am on May 22, 2012 by Ed Morrissey

How does the private sector create jobs? Any first-year econ student could explain it: businesses make profit on products and/or services, and add jobs as they maximize profits (in other words, reach a high level of productivity) but have the opportunity/need to expand sales.  Without maximized profit, there is no pressure to expand, and therefore no job creation; otherwise, businesses improve profit performance through efficiency … which maximizes profits in the end.   John Hinderaker knows this, and he’s a lawyer, not a first-year econ student, but apparently another lawyer named Barack Obama hasn’t quite figured that out yet.  In his press conference yesterday, Obama blamed Bain for wanting to maximize profits, as opposed to, er … every other business in the real world:

Well, first of all, I think Cory Booker is an outstanding mayor. He is doing great work in Newark and obviously helping to turn that city around. And I think it’s important to recognize that this issue is not a “distraction.” This is part of the debate that we’re going to be having in this election campaign about how do we create an economy where everybody from top to bottom, folks on Wall Street and folks on Main Street, have a shot at success and if they’re working hard and they’re acting responsibly, that they’re able to live out the American Dream.

Now, I think my view of private equity is that it is set up to maximize profits. And that’s a healthy part of the free market. That’s part of the role of a lot of business people. That’s not unique to private equity. And as I think my representatives have said repeatedly, and I will say today, I think there are folks who do good work in that area. And there are times where they identify the capacity for the economy to create new jobs or new industries, but understand that their priority is to maximize profits. And that’s not always going to be good for communities or businesses or workers.

And the reason this is relevant to the campaign is because my opponent, Governor Romney, his main calling card for why he thinks he should be President is his business expertise. He is not going out there touting his experience in Massachusetts. He is saying, I’m a business guy and I know how to fix it, and this is his business.

And when you’re President, as opposed to the head of a private equity firm, then your job is not simply to maximize profits. Your job is to figure out how everybody in the country has a fair shot. Your job is to think about those workers who got laid off and how are we paying for their retraining. Your job is to think about how those communities can start creating new clusters so that they can attract new businesses. Your job as President is to think about how do we set up a equitable tax system so that everybody is paying their fair share that allows us then to invest in science and technology and infrastructure, all of which are going to help us grow.

And so, if your main argument for how to grow the economy is I knew how to make a lot of money for investors, then you’re missing what this job is about. It doesn’t mean you weren’t good at private equity, but that’s not what my job is as President. My job is to take into account everybody, not just some. My job is to make sure that the country is growing not just now, but 10 years from now and 20 years from now.

So to repeat, this is not a distraction. This is what this campaign is going to be about — is what is a strategy for us to move this country forward in a way where everybody can succeed? And that means I’ve got to think about those workers in that video just as much as I’m thinking about folks who have been much more successful.

If you don’t know the role of profit and productivity in the cycle of job creation, it means you need to think a little more about the economy before declaring that you know more than those who have mastered that cycle, Mr. President.  Here’s a hint: “Paying your fair share” to the government doesn’t have a lot to do with it.

John puts it succinctly:

Obama displays his trademark incoherence as he tries to explain why Bain Capital is central to the campaign. Asked a multi-part question that included his views on private capital, he starts to say that the distinctive feature of private capital is that the people who run such firms are focused on making a profit. Then you can see the wheels turning as he realizes that what he just said didn’t make any sense, since it didn’t distinguish private capital from any other business. So he backs up and starts over, explaining that as president, he has to think about more than just making a profit; rather he has to think about all Americans’ well-being. That is true enough, of course, as far as it goes. But right now the form of well-being that Americans are most concerned about is a better job market. Businesses grow when they are profitable, and they hire employees when they grow. Obama reveals himself as just another in a long line of liberals who claim they want more and better jobs, but can’t bring themselves to endorse the profits that alone make jobs possible.

In other words, Obama’s the latest in the long line of incoherent public-sector officials who think they know better how to create jobs than people who do it for a living.

Got an Obamateurism of the Day? If you see a foul-up by Barack Obama, e-mail it to me at obamaisms@edmorrissey.com with the quote and the link to the Obamateurism. I’ll post the best Obamateurisms on a daily basis, depending on how many I receive. Include a link to your blog, and I’ll give some link love as well. And unlike Slate, I promise to end the feature when Barack Obama leaves office.

Illustrations by Chris Muir of Day by Day. Be sure to read the adventures of Sam, Zed, Damon, and Jan every day!

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Homer Simpson said it best:

“DUH”

SDarchitect on May 22, 2012 at 8:04 AM

economist in chief…

fair share!!!

cmsinaz on May 22, 2012 at 8:06 AM

it was painful to listen to him in real time…he sounded awful trying to separate mitt and private equities…

he needs their monies don’cha know

fail

cmsinaz on May 22, 2012 at 8:08 AM

In other words, Obama’s the latest in the long line of incoherent public-sector officials who think they know better how to create jobs than people who do it for a living.

Well he’s Ivy League educated and everybody tells him how supersmart he is. How hard is job creation? If Obama wanted to create jobs he doesn’t need any private sector experience to get the job done! Of course, that would distract from his laser-like focus on getting Sandra Fluke free contraception. It’s a matter of priorities. Negative job growth is part is a necessary casualty of the fact that sluts and Georgetown Law have to buy their own contraception.

Happy Nomad on May 22, 2012 at 8:08 AM

Obama’s the latest in the long line of incoherent public-sector officials who think they know better how to create jobs than people who do it for a living.

hammatime!

ted c on May 22, 2012 at 8:09 AM

The difference is Romney says “I’m for profit” while Obama says “I’m a prophet”.

Yoop on May 22, 2012 at 8:09 AM

profits are bad when they belong to gop folk

cmsinaz on May 22, 2012 at 8:09 AM

“He’s kind of a dick”

- Mark Halperin

Naturally Curly on May 22, 2012 at 8:09 AM

rattner defending dear leader’s speech above right now on morning joe….
idiot

cmsinaz on May 22, 2012 at 8:11 AM

Naturally Curly on May 22, 2012 at 8:09 AM

winnah!

cmsinaz on May 22, 2012 at 8:11 AM

Your job is to figure out how everybody in the country has a fair shot.

I’m getting sooooooooo tired of this line of horse$hit.

BigWyo on May 22, 2012 at 8:12 AM

If you don’t know the role of profit and productivity in the cycle of job creation, it means you need to think a little more about the economy before declaring that you know more than those who have mastered that cycle, Mr. President.

Ed, come one, you’re talking about a man who knew nothing but community organizing before taking office. Of course he doesn’t know the role of profit and productivity in the cycle of job creation.

If he did, maybe he could have, ya know, created some jobs in the past 3.5 years.

Flora Duh on May 22, 2012 at 8:12 AM

with all the disgusting talk about racism that surrounds this president when I watch him speak I never think of his race. I just see a socialist, borderline communist tool that cares only about himself and is clueless in the ways of business.

losarkos on May 22, 2012 at 8:13 AM

It’s all pretty much in keeping with his (lack of) experience in the private sector. How can anyone on the left disparage ANY republican candidate after voting in this guy. I know they liked to throw the racist card down at every opportunity, but the truth of the matter is color does seem to matter. It’s not that Obama was black. It’s that he was so green.

CitizenEgg on May 22, 2012 at 8:15 AM

winnah!

cmsinaz on May 22, 2012 at 8:11 AM

haha

22044 on May 22, 2012 at 8:15 AM

But people still support him.

cozmo on May 22, 2012 at 8:16 AM

Your job is to think about how those communities can start creating new clusters so that they can attract new businesses.

Clusters??? From The SCOMF???

BigWyo on May 22, 2012 at 8:16 AM

Obama believes the primary job of any business is to pay taxes to the government, either directly or via hidden cost pass-throughs to their customers. Of course he’s going to think that ‘profit’ is a dirty word if it means someone besides him and his all-knowing, all-seeing cronies are getting to keep or reinvest that money.

jon1979 on May 22, 2012 at 8:17 AM

Up is down. Black is white. Truth is beauty. Obama is a sort of god.

NeighborhoodCatLady on May 22, 2012 at 8:17 AM

Pandering… to the people who have nothing better to do with their lives than stick their hands out. Are they acting like they want a fair shot?

Its been said a thousand times… what’s fair about the 40%+ who pay nothing, and in cases, take it… yet enjoy the same benefits and services everyone else does.

Obama… the guy who failed Business 101 because he never went to class.

VietVet_Dave on May 22, 2012 at 8:17 AM

It’s not that Obama was black. It’s that he was so green.

CitizenEgg on May 22, 2012 at 8:15 AM

Red is more the color I think of – if you know what I mean.

Flora Duh on May 22, 2012 at 8:18 AM

I just see a socialist, borderline communist tool that cares only about himself and is clueless in the ways of business.

losarkos on May 22, 2012 at 8:13 AM

Talk like that will get you arrested, at least according to an ignorant NC teacher. :D

Happy Nomad on May 22, 2012 at 8:18 AM

I just want it to be over.

Wake me on November 6th…

moo on May 22, 2012 at 8:19 AM

Everybody has to have a “Fair Shot”. Which means that State Power should be used to insure it.

We can’t have these capitalistic pirates running around looking to make money. That does not create jobs.

With our government’s trade and regulation policies, we are rapidly approaching the point that Washington is the only job creator. We are now 146th in GNP growth with this program.

This guy is making his father’s work on the Kenyan economy look good.

IlikedAUH2O on May 22, 2012 at 8:19 AM

He forget to mention the Obama “profit to earnings ratio” he thought was so critical to financial analysis in 2008.

Wethal on May 22, 2012 at 8:20 AM

Your job is to think about how those communities can start creating new clusters so that they can attract new businesses.

Hey Jug-ears! You left out “fark”!

Naturally Curly on May 22, 2012 at 8:20 AM

Obama wants to make this what the election is all about, and spend the next 5 months on it.

He doesn’t even realize how foolish he sounds, until poll numbers show him it isn’t working. If he gets another term, he will not even listen to polls. It is possible for Obama to be even more clueless — believe it or not!

WhatNot on May 22, 2012 at 8:20 AM

But people still support him.

cozmo on May 22, 2012 at 8:16 AM

Yes, but he’s losing some of that support cozmo. See my 7:45 AM comment in the QOTD thread.

Flora Duh on May 22, 2012 at 8:20 AM

Your job is to figure out how everybody in the country has a fair shot.
I’m getting sooooooooo tired of this line of horse$hit.

BigWyo on May 22, 2012 at 8:12 AM

Hmm, let’s see, Article II..

Commander in Chief, Treaties, Appoint Judges aaaaaannnnd

Well, I’ll be damned, Article II Section V, “The President will be the final arbiter of ‘Fair Shots’ and may decide when you have ‘made enough money.’”

trubble on May 22, 2012 at 8:21 AM

…but understand that their priority is to maximize profits. And that’s not always going to be good for communities or businesses or workers.

No profits = no businesses = no workers and those communities turn into rat holes and war zones.
God help me, I don’t see what’s so hard to undestand about this.

swinia sutki on May 22, 2012 at 8:22 AM

Just imagine a president who gets outta the way and allows the private sector to flourish and profit and who has the nerve to cut government by 2/3rds. Just imagine.

elm on May 22, 2012 at 8:22 AM

Well, I’ll be damned, Article II Section V, “The President will be the final arbiter of ‘Fair Shots’ and may decide when you have ‘made enough money.’”

trubble on May 22, 2012 at 8:21 AM

Winner!

NeighborhoodCatLady on May 22, 2012 at 8:24 AM

Please understand that I do understand how to spell “understand”.

swinia sutki on May 22, 2012 at 8:24 AM

Whenever he says “fairness,” I think of the opening line to Vonnegut’s “Harrison Bergeron.”

“The year was 2081, and everybody was finally equal. They weren’t only equal before God and the law. They were equal every which way. Nobody was smarter than anybody else. Nobody was better looking than anybody else. Nobody was stronger or quicker than anybody else. All this equality was due to the 211th, 212th and 213th Amendments to the Constitution, and to the unceasing vigilance of agents of the United States Handicapper General.”

Wethal on May 22, 2012 at 8:26 AM

What a strikingly ignorant little man we have as preezy.

“Your job is to think about those workers who got laid off and how are we paying for their retraining.”

Bzzzt. Not the government’s job, and to this point the vast majority of retraining programs have, like the preezy, FAILED.

“Your job is to think about how those communities can start creating new clusters so that they can attract new businesses.”

Bzzzt. Proposing still more government intervention in the free market, such interventions under preezy pinhead’s watch have FAILED.

“Your job as President is to think about how do we set up a equitable tax system so that everybody is paying their fair share…”

Bzzzt. Typical liberal double speak- define “fair share”. Who is “everybody” in this yammer? Why does the US have the highest corporate income taxes in the industrialized world? FAIL.

“…that allows us then to invest in science and technology and infrastructure, all of which are going to help us grow.”

Bzzzt. It is not the Government’s job to invest in commercial “science and technology”. And the so called “stimulus” bill was supposed to invest in infrastructure. Close to a trillion dollars king putt squandered, and still he needs more money for infrastructure. FAILURE, yet again.

“My job is to make sure that the country is growing not just now, but 10 years from now and 20 years from now.”

Well then preezy earflaps mcdowngrade, you have signally FAILED at your job as indicated by most if not all economic indicators.

“This is what this campaign is going to be about — is what is a strategy for us to move this country forward in a way where everybody can succeed?”

If such is the case, earflaps is in trouble- his “strategy” has moved the country backward by all measures. Noone outside of his cronies in the “green energy” sector can succeed. Again, FAIL.

“And that means I’ve got to think about those workers in that video…”

Ah yes, the video of lies that tries to pin layoffs on Romney that occurred two years AFTER he left Bain. Truth FAIL for team Preezy Sandtraps.

What a dunce. After reading this mindless yammer from our “intelligent” preseident, can’t help but be reminded of that Seinfeld episode where Kramer somehow starts working in a business office, and after a while his boss meets with him and says:

“I’ve been reviewing your work. Quite frankly, it stinks…these reports you handed in, it’s almost as if you have no business training at all. I don’t know what this is supposed to be.”

Yep, sounds like preezy earflaps all right.

GrassMudHorsey on May 22, 2012 at 8:26 AM

I’m so betting he failed his economics classes…

Let’s go to the transcripts…oh wait…

Romney: (from HERE )

…..Brigham Young University. He graduated in 1971 with a Degree in English, with a 3.97GPA. His young family then moved to Boston, and Mitt enrolled in both Harvard Law (HLS) and Harvard Business School (HBS). He obtained his MBA from HBS in 1975 and graduated cum laude from HLS with his Juris Doctor the same year, finishing in the top 5% of his class.

Obama: (from HERE

ProfShadow on May 22, 2012 at 8:27 AM

“It is only government that can break the vicious cycle where lost jobs lead to people spending less money which leads to even more layoffs” – The Won 2009

Need I say more.

Electrongod on May 22, 2012 at 8:29 AM

Just imagine a president who gets outta the way and allows the private sector to flourish and profit and who has the nerve to cut government by 2/3rds. Just imagine.

elm on May 22, 2012 at 8:22 AM

What’s in any of that stuff for Obama? If you hadn’t noticed, the President is a wee bit narcissistic. If it does not personally benefit or enrich Obama or one of his financial supporters, he isn’t interested.

Happy Nomad on May 22, 2012 at 8:29 AM

He still hasn’t even figured out how to profit from his own mistakes.

lynncgb on May 22, 2012 at 8:29 AM

ProfShadow on May 22, 2012 at 8:27 AM

But Obama got OBL.

Happy Nomad on May 22, 2012 at 8:30 AM

No profit in business,no aragula.

docflash on May 22, 2012 at 8:30 AM

Listen carefully now and you will hear the Marxist sound of ‘Barry the Fair’!

Taco Bob on May 22, 2012 at 8:31 AM

I just want it to be over.

Wake me on November 6th…

moo on May 22, 2012 at 8:19 AM

Nope! you better unsuck that thumb, open your eyes, and get in the game mister! you’re gonna want to watch this flameout. Someday, you’ll bounce your grandkids on your knee and tell them the story of the rise and fall of Barack Obama./

ted c on May 22, 2012 at 8:34 AM

Clusters??? From The SCOMF???

BigWyo on May 22, 2012 at 8:16 AM

/snort

MNHawk on May 22, 2012 at 8:36 AM

useless tool…

right2bright on May 22, 2012 at 8:41 AM

…JugEars is just an articulate Joe Biteme, only… with more hair follicles

KOOLAID2 on May 22, 2012 at 8:41 AM

Obama displays his trademark incoherence as he tries to explain why Bain Capital is central to the campaign. Asked a multi-part question that included his views on private capital, he starts to say that the distinctive feature of private capital is that the people who run such firms are focused on making a profit. Then you can see the wheels turning as he realizes that what he just said didn’t make any sense, since it didn’t distinguish private capital from any other business.

So he backs up and starts over

, explaining that as president, he has to think about more than just making a profit

Insert video comment.

ted c on May 22, 2012 at 8:41 AM

He still hasn’t even figured out how to profit from his own mistakes.

lynncgb on May 22, 2012 at 8:29 AM

He’s perfect so he never makes mistakes. We will tolerate no disrespect of The Won. Don’t you realize that you can go to jail for saying bad things about Him. Report to room 101 and bring your own rats.

Oldnuke on May 22, 2012 at 8:42 AM

Don’t you realize that you can go to jail for saying bad things about Him. Report to room 101 and bring your own rats.

Oldnuke on May 22, 2012 at 8:42 AM

We apparently have jails, dozens of them in fact, filled to the brim with peeps that crossed ol’ Dubya…… and they’re still cooling their heels in the clink.

ted c on May 22, 2012 at 8:44 AM

Even though he doesn’t realize it, he did get this part right: “if they’re working hard and they’re acting responsibly, that they’re able to live out the American Dream.”

He said it–working hard and acting responsibly. He just doesn’t go on to explain what should happen to those that aren’t. I know what I think should happen to them, and it doesn’t involve my tax dollars.

LouBob1980 on May 22, 2012 at 8:51 AM

I’m appalled at the disrespect being shown The Won on this thread. Just because he’s an intellectual lightweight and a self serving narcissist doesn’t mean that you have to point it out at every opportunity. He’s the president dang it.

Oldnuke on May 22, 2012 at 8:54 AM

There is a reason why Obama needed Aff*rmative Act*on to boost his academic career.

Guy’s not the sharpest tool in the shed.

AZCoyote on May 22, 2012 at 8:56 AM

Amazingly, Obama still enjoys a high ‘likeability’ rating. I can only imagine this is because people turn the sound down or change channels whenever his mug appears on tv. Watch for this rating to take some steep drops through the simple practice of exposing him as a serial liar. I’d suggest the RNC and superpacs just keep playing his campaign promises from 2008 and ask the simple question “Why did he lie about something as easy as transparency?”

I also recommend the clip where he admits that it’s easy to make promises while campaigning without having any idea as to how you’ll keep them when you win.

He really doesn’t understand or appreciate the responsibilities that come with the role of POTUS because he was in no way, shape or form ready for or deserving of the most important executive position in the free world. He will go down in history as the American Idol president.

CitizenEgg on May 22, 2012 at 8:58 AM

Obama sounds utterly incompetent — moreso than usual — when he lapses into these “what I know about bein’ President” and “the ahconumy” speeches.

It is so clearly obvious when he does lapse into these that he does not know whattheheck he is talking about any more than he can speak informatively about both issues, or either one.

I mute the set now whenever he pops up on one of his apparently daily, incessant hissing events. Just the sound of his awful voice has me reaching for the remote as quickly as possible. His hissinghissinghissing sounds are pain to my ears along with his preposterously foibled statements.

Lourdes on May 22, 2012 at 8:59 AM

There is a reason why Obama needed Aff*rmative Act*on to boost his academic career.

Guy’s not the sharpest tool in the shed.

AZCoyote on May 22, 2012 at 8:56 AM

Your name just got added to the drone target list buddy!

Oldnuke on May 22, 2012 at 9:00 AM

Obama only needs to look at Warren Buffett making his profits without paying his “fair share” to the US government.

TulsAmerican on May 22, 2012 at 9:04 AM

Insert video comment.

ted c on May 22, 2012 at 8:41 AM

I think this one is better…

Kraken on May 22, 2012 at 9:11 AM

How can anyone honestly say that Obama is “smart” when there is so much evidence to the contrary?

St Gaudens on May 22, 2012 at 9:12 AM

Obama is the smartest idiot in the room, wherever he goes.

CitizenEgg on May 22, 2012 at 9:16 AM

Obama displays his trademark incoherence

Making pretzel logic is hard even for prezzy.

Kissmygrits on May 22, 2012 at 9:24 AM

And when you’re President, as opposed to the head of a private equity firm, then your job is not simply to maximize profits. Your job is to figure out how everybody in the country has a fair shot. Your job is to think about those workers who got laid off and how are we paying for their retraining. Your job is to think about how those communities can start creating new clusters so that they can attract new businesses. Your job as President is to think about how do we set up a equitable tax system so that everybody is paying their fair share that allows us then to invest in science and technology and infrastructure, all of which are going to help us grow.

US Constitution, Article II, Section… uh, Section… something something.

Akzed on May 22, 2012 at 9:31 AM

Your job is to think about how those communities can start creating new clusters so that they can attract new businesses.

Apparently Obooba thought it was time to throw in a catchy economic term to dazzle all.

Akzed on May 22, 2012 at 9:33 AM

If the govt’s job is to invest in science and tech, why did the govt stop investing in NASA? It’s in the process of being replaced by private industry where it will be run more efficiently, be profitable and safer. Where’s all the new infrastructure in Haiti that has been helped for decades by the govt? Maybe Clinton could find out. Karzai just thanked the prezzy for all of his taxpayer’s money. What a bunch of suckers we are.

Kissmygrits on May 22, 2012 at 9:35 AM

He’s perfect so he never makes mistakes. We will tolerate no disrespect of The Won. Don’t you realize that you can go to jail for saying bad things about Him. Report to room 101 and bring your own rats.

Oldnuke on May 22, 2012 at 8:42 AM

Big Brother Daddy Obama loves you!! If you don’t agree, you’re an evil raaaaacist who deserves to visit Room 101 Joe Biden’s Rehabilitation and Job Training Center.

Gladtobehere on May 22, 2012 at 9:37 AM

I just want it to be over.

Wake me on November 6th…

moo on May 22, 2012 at 8:19 AM

Nope! you better unsuck that thumb, open your eyes, and get in the game mister! you’re gonna want to watch this flameout. Someday, you’ll bounce your grandkids on your knee and tell them the story of the rise and fall of Barack Obama./

ted c on May 22, 2012 at 8:34 AM

Ok, but in the meantime I think I’ll apply for SSDI claiming “O.F.S” (Obama Fatigue Syndrome) I’ve had the symptoms for 3-1/2 years now.

moo on May 22, 2012 at 9:40 AM

If the govt’s job is to invest in science and tech, why did the govt stop investing in NASA? It’s in the process of being replaced by private industry where it will be run more efficiently, be profitable and safer.

Kissmygrits on May 22, 2012 at 9:35 AM

NASA’s more important role under Obama is to boost Muslim self-esteem.

BTW, I do agree with your other comment that private industry- SpaceX- will do the job better. Obama doesn’t want to admit that this is true for other government functions because then he’d have to stop being a socialist.

Gladtobehere on May 22, 2012 at 9:44 AM

Speaking of SpaceX, Celebrities’ Ashes Launched on SpaceX Falcon Rocket. The celebrities’ ashes are from James Doohan, Scotty from Star Trek.

Gladtobehere on May 22, 2012 at 9:49 AM

Then you can see the wheels turning as he realizes that what he just said didn’t make any sense

Gee, those wheels must be in perpetual motion.

ziggyville on May 22, 2012 at 9:58 AM

“Mr. Madison President, what you have just said is one of the most insanely idiotic things I have ever heard. At no point in your rambling, incoherent response were you even close to anything that could be considered a rational thought. Everyone in this room is now dumber for having listened to it. I award you no points, and may God have mercy on your soul.”

H.E. Pennypacker on May 22, 2012 at 10:00 AM

In other words, Obama’s the latest in the long line of incoherent public-sector officials who think they know better how to create jobs than people who do it for a living.

I can simplify it even further – Obama’s a dumbshit who doesn’t know jack about anything. Sorry to be so blunt, but I can’t think of a single thing relevant to the job of President in which Obama shows even an inkling of understanding.

RobertE on May 22, 2012 at 10:27 AM

Your job is to figure out how everybody in the country has a fair shot.

Unlimited free throws and mulligans?

Buy Danish on May 22, 2012 at 10:29 AM

It would appear that The Smartest Man in the World is actually an idiot when it comes to economic issues.

Who knew?

GarandFan on May 22, 2012 at 10:30 AM

I’ve had it with this idiot.

He sounds more and more like Wesley Mooch.

CorporatePiggy on May 22, 2012 at 10:34 AM

Go back to the golf course, SippyCup. Your “job” is to mind your own EFFING business and stay far far away from my job.

Why on God’s green Earth people still like this blithering blathering numbskull is completely beyond my comprehension.

SnarkySam on May 22, 2012 at 10:39 AM

I’ve had it with this idiot.

He sounds more and more like Wesley Mooch.

CorporatePiggy on May 22, 2012 at 10:34 AM

You’re right, Obama is a “moocher.” People like this usually come to power when a political system is failing (think Soviet Union). I only hope it’s not too late for us.

Gladtobehere on May 22, 2012 at 10:53 AM

This is part of the debate that we’re going to be having in this election campaign about how do we create an economy where everybody from top to bottom, folks on Wall Street and folks on Main Street, have a shot at success and if they’re working hard and they’re acting responsibly, that they’re able to live out the American Dream.

How do you create such an economy? First, allow the economy to work. But no. We are stuck in the wild, weird, wonderful world of the social engineer where a gaggle of folk who cannot even hold a job in the private sector issue edicts about how to make the private sector work optimally.

As to his criteria: “if they’re working hard” … Which Obama has never done and does not do now, “acting responsibly” … by smoking doobies, doing blow and ditching classes … “they’re able to live out the American dream” … and can even become President if they have all the right connections and can pretend to be a foreign student in order to get into a University like Harvard they wouldn’t otherwise qualify for and become President of Law Review without even so much as writing a law review article.

He is indeed a model for his creed.

UnrepentantCurmudgeon on May 22, 2012 at 10:53 AM

One of the ideas fundamental to capitalism that progressives fail to grasp is that capital is a scarce commodity. Capital tied up in a poor investment is at best under performing. Progressives insists that we much accept the continue existence pf poor investments because liquidating those investments in the hope of finding a more productive use of the capital is accompanied with pain for those involve in those investments. The point they miss is that productive capital benefits us all in the long run.

An interesting movie is “Other Peoples Money” which touches upon this idea albeit in a typical Hollywood fashion.

Laurence on May 22, 2012 at 11:10 AM

Just imagine a president who gets outta the way and allows the private sector to flourish and profit and who has the nerve to cut government by 2/3rds. Just imagine.

elm on May 22, 2012 at 8:22 AM

Heck, I’d love to imagine a president/congress that would cut government by 10%! I’ve had to cut my spending by 66% in the past 11 years time for someone else to tighten their belts too.

Mini-14 on May 22, 2012 at 11:10 AM

Speaking of SpaceX, Celebrities’ Ashes Launched on SpaceX Falcon Rocket. The celebrities’ ashes are from James Doohan, Scotty from Star Trek.

Gladtobehere on May 22, 2012 at 9:49 AM

I tried to stay up and watch that, but I fell asleep like us old guys tend to do at 3:44 am Eastern. Scotty was the reason I pursued a career in engineering/electronic repair, he could fix anything and I wanted to be able to!

Mini-14 on May 22, 2012 at 11:14 AM

Mr. President. Here’s a hint: “Paying your fair share” to the government doesn’t have a lot to do with it.

He knows.

Tim_CA on May 22, 2012 at 11:36 AM

But Obama got OBL.

Happy Nomad on May 22, 2012 at 8:30 AM

And ate a dog.

Solaratov on May 22, 2012 at 11:39 AM

blah, blah, blah, blah… but understand that their priority is to maximize profits. And that’s not always going to be good for communities or businesses or workers.

Always look at what Obama says AFTER the “but”…

There is nothing wrong with maximizing profits.

Good people do good things with money.
Bad people do bad things with money.

The real issue is one of ethics and morals, not profits.

Many people misquote the Bible and wrongly say “money is the root of all evil”. Money is not even the subject of that Bible verse. LOVE is. That verse focuses on where your love is. If you love people, you will use money to help people. If your love is “of money”, and not “of God” or “of people”, that is what is the root of all evil. The love of money is the root of all evil.

Obamarx is a Marxist who thinks that maximizing profits is not always going to be good for communities or businesses or workers. Maximizing profits is not good or bad. Money is just a tool, and what is done with it will reflect the heart of the person who has it. A person who loves people will do a lot of good with the profits they make. And if you don’t make a profit, it’s a lot harder to help other people.

ITguy on May 22, 2012 at 11:42 AM

I would LOVE to see a real-world example of a business whose main objective was to provide jobs instead of making profits possible.

James on May 22, 2012 at 11:48 AM

Why on God’s green Earth people still like this blithering blathering numbskull is completely beyond my comprehension.

SnarkySam on May 22, 2012 at 10:39 AM

Because the people who ‘like’ him don’t ever listen to him. It would interfere with watching oprah and joining flash mobs to rob businesses

Solaratov on May 22, 2012 at 11:58 AM

Businesses grow when they are profitable, and they hire employees when they grow. Obama reveals himself as just another in a long line of liberals who claim they want more and better jobs, but can’t bring themselves to endorse the profits that alone make jobs possible.

That’s it in a nutshell. The only thing that I would add is that even people with jobs do better when the company is growing, vs. just maintaining or, worse, shrinking.

No one likes working for a company that is shrinking… where employees are afraid of getting “downsized”, resorting to “CYA” in an attempt to make sure that it is someone else, not them, who gets cut. And those who are not cut must take on the additional responsibilities and workload of those who were cut.

Even a company that is just maintaining is not as enjoyable as a company that is growing. Why? Because growth creates new opportunities, both for the company and the employees. New opportunities for advancement, etc. Whereas in a company that is just maintaining, you typically can’t advance until someone above you retires or gets fired.

ITguy on May 22, 2012 at 11:58 AM

Speaking of SpaceX, Celebrities’ Ashes Launched on SpaceX Falcon Rocket. The celebrities’ ashes are from James Doohan, Scotty from Star Trek.

Gladtobehere on May 22, 2012 at 9:49 AM

I tried to stay up and watch that, but I fell asleep like us old guys tend to do at 3:44 am Eastern. Scotty was the reason I pursued a career in engineering/electronic repair, he could fix anything and I wanted to be able to!

Mini-14 on May 22, 2012 at 11:14 AM

You’re not alone. NASA’s achievements and Star Trek inspired many to choose science and engineering careers. If SpaceX and other private companies succeed, we might see more interest from young Americans in these professions.

Gladtobehere on May 22, 2012 at 12:07 PM

Only fools like Peggy Noonan and Althouse believed that he’s not a dummy.

Schadenfreude on May 22, 2012 at 12:13 PM

I’ve had it with this idiot.

He sounds more and more like Wesley Mooch.

CorporatePiggy on May 22, 2012 at 10:34 AM

The sentiment is completely valid, but the weaselly, oily, principle-free character from Ayn Rand’s Atlas Shrugged is Wesley Mouch.

Freelancer on May 22, 2012 at 12:16 PM

Obama is nothing but a big-earred grifter selling his snake oil to the ignorant.

jqc1970 on May 22, 2012 at 12:26 PM

I tried to stay up and watch that, but I fell asleep like us old guys tend to do at 3:44 am Eastern. Scotty was the reason I pursued a career in engineering/electronic repair, he could fix anything and I wanted to be able to!

Mini-14 on May 22, 2012 at 11:14 AM

Dammit Mini-14 I need more power!!

(thought you’d appreciate that).

Tim_CA on May 22, 2012 at 12:35 PM

I have never seen a liberal win a fair debate as they have zero facts or experience on their side. But if the GOP keeps letting the left politicos and media define reality and create pathos, this is going to be hairy.

We need “crying victim commercials” attesting to what these guys did to smother the economy and fail at foreign policy. Even now the economy is flat as he seeks delay in Iran and paying Greece to behave until December.

As they used to say on X Files, the truth is out there.

IlikedAUH2O on May 22, 2012 at 1:20 PM

Company growth is bad and gov’t growth by taking away YOUR tax dollars is good?

Company growth creates jobs while tax increases deter economic growth and job creation.

dthorny on May 22, 2012 at 2:02 PM

When I was a kid I set up a lemonade stand with the objective, it seemed to my parents, of losing money. It cost me about 50 cents a glass for the lemons, sugar, plastic cups , etc. And I would sell the lemonade for 10 cent a glass. I didn’t stay in business very long.

Looks like barack is as smart as an eight year old. He thinks that profits are bad. Well Walmart and Apple and Sony and Exxon and Ford wouldn’t be in business if they couldn’t make an honest profit. And if you let the market run it’s course until supply and demand equalize, then the profits are honest.

BTW, barack sucks and is a racist moron.

DuctTapeMyBrain on May 22, 2012 at 2:28 PM

I just want it to be over.

Wake me on November 6th…

moo on May 22, 2012 at 8:19 AM

Many of us went through school with folks like our beloved POTUS. If you did not, see the film Idiocracy, or watch Chris Matthews on Jeopardy or Bill Maher breathing.

Then imagine a legion of followers who worship them.

Yea, you are feeling me. Nauseating, isn’t it?

A shout out to a professional and classy Former Governor Palin who, on Hannity, did not mention Chris Matthews performance on Jeopardy.

IlikedAUH2O on May 22, 2012 at 4:29 PM

Folks…folks…folks…folks… yeah, we get it– you’re clinging to your “folksy” talk like we’re a bunch of idiots. Thank you, Mr. President, for speaking to me like I am a 5 year old. I didn’t know how I was ever going to understand your professorial mind. I bow to your wisdom, O-Great One.

Tard….

steved95 on May 22, 2012 at 5:34 PM

We need “crying victim commercials” attesting to what these guys did to smother the economy and fail at foreign policy.

IlikedAUH2O on May 22, 2012 at 1:20 PM

EXACTLY!!!

We need things like:

“I had a good job which provided good wages PLUS great health insurance for me and my family. But then Obamacare came along, and forced my employer to buy much more expensive insurance with extras none of us need. To pay for this, the business had to lay off about 20% of the workforce. So now, because of Obamacare, 20% of us don’t have healthcare, and don’t even have jobs!!”

…or…

“Our family has worked in the oil industry for over 60 years, and made a good living at it! Despite the hysterics on TV, the oil from that spill never reached the shore where we live: the ocean quickly disposed of it. But Obama shut down all of the drilling in our area anyway, and put thousands of us out of work. How is this good for America??”

…etc.

Stories from new and used car dealers, auto workers, energy industry, light bulb manufacturers, health appliance manufacturers, drug companies, doctors, nurses, graduating students, home builders, realtors, bankers, housewives faced with much higher utility bills because of “green energy” fiascos, and hundreds of others could be rotated through the same primetime TV spot every day from now until the election.

There are enough “why does Obama hate us?” stories that you would never have to repeat a given spot!!

landlines on May 22, 2012 at 6:03 PM

IIRC the Constitution actually calls for the President to see “that the laws are faithfully executed.” Sir Golfsalot, you have failed epically. Now get the hell out of our galaxyexecutive mansion!

Olo_Burrows on May 25, 2012 at 8:07 PM