CEOs to Obama: 'Get Out of the Way' for Job Growth
63 replies, posted
[QUOTE=Glaber;32172605]Probably because the help that they got so far is like a little kid trying to help and instead makes things worse.[/QUOTE]
Except that the people in trouble in the first place begged said little child for money, now they're asking that same helper to get the fuck out of the way because of what...?
lol this is just like oil companies talking about how taxes shouldn't be raised on the rich, but still lobbying to keep their massive subsidies.
srsly US just tax the rich and dont listen to fucking lobbyist's for fuck sakes, i aint saying canada is a great place or anything (harper is the biggest fuck up ever) but seriously jesus
[QUOTE=Zeke129;32172287]When did CEOs become the go-to guys for political advice? Obama shouldn't listen to them any more than he should listen to a 7/11 clerk as they both have the exact same background in politics[/QUOTE]
He appointed ex CEOs or big players responsible for the economic collapse into almost all the positions for economic and financial governance when he got into office so that's really a lot to expect from him.
It's funny because a lack of regulation in the lending market is what got us in this mess in the first place. And no company is interested in creating jobs, excessive regulation or not, that's just a talking point. You have companies making record windfalls that cut thousands of jobs in the US so that they can export them to india or china and such because that's the thing to do to maximize your net profits. A corporation can't be expected to do the socially responsible thing when there's a cheaper alternative because honestly all that matters to a corporation is the bottom line.
they should just make it so if all these corporations want the ridiculous subsidies they get they have to provide a certain amount of jobs to americans or something.
"if the government would get out of the way, from a regulation standpoint, and let us [XXI] do what we do good you'll see us continue to hire and grow this economy."
- John Schiller, Chairman of the Board and Chief Executive Officer of Energy XXI Ltd.
[url]http://people.forbes.com/profile/john-d-schiller/62050[/url]
[img]http://dl.dropbox.com/u/22003440/Misc/schiller.png[/img]
Oh look, they acquire oil and natural gas reserves in the Gulf of Mexico, and have over 2 billion in assets with a return on equity of 6.8
[url]http://finapps.forbes.com/finapps/jsp/finance/compinfo/CIAtAGlance.jsp?tkr=EXXI[/url]
Why am I not surprised.
[QUOTE=Latency;32174483]"if the government would get out of the way, from a regulation standpoint, and let us [XXI] do what we do good you'll see us continue to hire and grow this economy."
- John Schiller, Chairman of the Board and Chief Executive Officer of Energy XXI Ltd.
[url]http://people.forbes.com/profile/john-d-schiller/62050[/url]
[img]http://dl.dropbox.com/u/22003440/Misc/schiller.png[/img]
Oh look, they acquire oil and natural gas reserves in the Gulf of Mexico, and have over 2 billion in assets with a return on equity of 6.8
[url]http://finapps.forbes.com/finapps/jsp/finance/compinfo/CIAtAGlance.jsp?tkr=EXXI[/url]
Why am I not surprised.[/QUOTE]
Over 6 million dollars in awards and bonuses?
[QUOTE='[sluggo];32172306']Well, when it takes to weeks to do anything because you need to fill out so much paperwork, it does cost a bit more money.
When you need to close one of your factories because it polutes to much, you have to fire some people.
Regulations hurt the economy.[/QUOTE]No, greedy company executives do.
It's much more profitable to lay off or fire 50% of your workforce and just tell the other 50% to work twice as hard with no pay increases.
Deregulations only help corporate executives run off with more and more money while the rest of America suffers.
I don't know what warped reality you're living in when you actually think giving businesses the freedom to do whatever they want will benefit everyone.
The reason the unemployment level is so high in this country isn't because companies can't afford to hire anyone. Most of them are reporting record profits, and it isn't because the 9.1% of Americans that are out of work want to be lazy welfare leeches.
It's because companies have been given the ability to run off with more money than they were ever allowed to run off with before, they have NO intention of creating jobs at all. They just want more deregulations so they can run off with more money.
I mean, you [B]DO[/B] realize that we're giving tax breaks to businesses that aren't hiring more than businesses who are, right? That's fucking warped.
The only thing hurting our economy right now is greed. If we started regulating banks and businesses again, I'm willing to bet our economy would get better. It worked in the 1950's.
Sorry but you're wrong.
[QUOTE=Megafanx13;32174681]Over 6 million dollars in awards and bonuses?[/QUOTE]
And they only have 182 employees. Their business just acquires or invests in oil operations for the equity so they can make money in the stock market. They don't have any vested interest in hiring more people, it only takes a handful of people to run an operation like that. So you know this Schiller character is full of shit when he says he wants deregulation to help anyone but himself and his fellow shareholders.
[QUOTE=HumanAbyss;32172377]Are you saying polluting the planet so we can have jobs is actually worthwhile? Possibly destroying our home for that?
The red tape exists to slow things down, things that have consequences, economic and otherwise. Without relgulations, there would be so many actions happening, not all would be good and not all would work. We've seen what deregulation does to the banking industry. Are you suggesting a return? Your memory must be shorter than a stick.[/QUOTE]
A country can't succeed without strong industry, regulation destroys industry. If the USA wants to maintain its status as a world power, it needs to deregulated. Personaly, I don't want milliond of poor people living off the money of lawyers and doctors. Without an industrial base, there is barely room for a middle class. It is a poor economic model to regulate everything based on what may be possible probably enviormental friendly.
[QUOTE=Combine_dumb;32174890]No, greedy company executives do.
It's much more profitable to lay off or fire 50% of your workforce and just tell the other 50% to work twice as hard with no pay increases.
Deregulations only help corporate executives run off with more and more money while the rest of America suffers.
I don't know what warped reality you're living in when you actually think giving businesses the freedom to do whatever they want will benefit everyone.
The reason the unemployment level is so high in this country isn't because companies can't afford to hire anyone. Most of them are reporting record profits, and it isn't because the 9.1% of Americans that are out of work want to be lazy welfare leeches.
It's because companies have been given the ability to run off with more money than they were ever allowed to run off with before, they have NO intention of creating jobs at all. They just want more deregulations so they can run off with more money.
I mean, you [B]DO[/B] realize that we're giving tax breaks to businesses that aren't hiring more than businesses who are, right? That's fucking warped.
The only thing hurting our economy right now is greed. If we started regulating banks and businesses again, I'm willing to bet our economy would get better. It worked in the 1950's.
Sorry but you're wrong.[/QUOTE]
Greedy company executives want to make more money, to make more money you need to expand, to expand you need to hire.
Companies don't have confidence in the market and economy, thats why they aren't hirering.
[QUOTE='[sluggo];32175196']A country can't succeed without strong industry, regulation destroys industry. If the USA wants to maintain its status as a world power, it needs to deregulated. Personaly, I don't want milliond of poor people living off the money of lawyers and doctors. Without an industrial base, there is barely room for a middle class. It is a poor economic model to regulate everything based on what may be possible probably enviormental friendly.
Greedy company executives want to make more money, to make more money you need to expand, to expand you need to hire.
Companies don't have confidence in the market and economy, thats why they aren't hirering.[/QUOTE]
How does regulation destroy industry that we need? Last I checked it only stopped new industry that would hurt us, like a Paper burning plant. It also stops banks from colluding to ruin the economy and drive foreclosure rates up.
How do you need to hire Americans to expand? This is a global economy after all.
How do you need to expand to make more money? The banks dont seem to need to have any industry.
[editline]7th September 2011[/editline]
What I'm saying is your logic is shit.
[QUOTE='[sluggo];32175196']Greedy company executives want to make more money, to make more money you need to expand, to expand you need to hire.
Companies don't have confidence in the market and economy, thats why they aren't hirering.[/QUOTE]Well I wouldn't have a lot of confidence in the economy either if I was part of the problem.
To be honest a lot of these businesses are betting on a total economical collapse, they know they're causing it, and they know their gravy train is coming to the end of the tracks. Right now, their mission is to secure as much wealth as possible so when the economy does collapse, they'll be the only ones able to stay afloat. Everyone else is fucked.
Regulations are put in place to protect the people from unethical decisions most banks and businesses are bound to make. The only thing the people at the top care about is money, and it will eventually be their undoing, unfortunately it will be everyone else's too.
Funny we had regulations galore back in the 1940's and 50's and everything was just fine and dandy then.
[QUOTE=Combine_dumb;32175417]Well I wouldn't have a lot of confidence in the economy either if I was part of the problem.
To be honest a lot of these businesses are betting on a total economical collapse, they know they're causing it, and they know their gravy train is coming to the end of the tracks. Right now, their mission is to secure as much wealth as possible so when the economy does collapse, they'll be the only ones able to stay afloat. Everyone else is fucked.
Regulations are put in place to protect the people from unethical decisions most banks and businesses are bound to make. The only thing the people at the top care about is money, and it will eventually be their undoing, unfortunately it will be everyone else's too.
Funny we had regulations galore back in the 1940's and 50's and everything was just fine and dandy then.[/QUOTE]
40 years of constant overall economic growth, the creation of the middle class and reduction of disparity between the rich and poor. In comes Regan and the following waves of deregulation. Since then there's been a direct correlation between the magnitude of deregulation and the shift of money away from the lower class, which of course causes economic instability by itself. Then you have deregulation of the stock market and the introduction of things like credit default swaps and the lack of regulation on those mechanics, and you have the huge mess we're in now.
And yeah, they don't care about economic collapse. They make (and did make) tons of money from the failure of investments in the stock market.
[QUOTE=Xain777;32175338]How does regulation destroy industry that we need? Last I checked it only stopped new industry that would hurt us, like a Paper burning plant. It also stops banks from colluding to ruin the economy and drive foreclosure rates up.
How do you need to hire Americans to expand? This is a global economy after all.
How do you need to expand to make more money? The banks dont seem to need to have any industry.
[editline]7th September 2011[/editline]
What I'm saying is your logic is shit.[/QUOTE]
But what hurts us? Who defines it? If it is the enviormentalists, there would ever be a fossil fuel industry again, we wouldn't make anything at all that can polute. already there is so much enviormental regulation that you can barely build any factories.
[QUOTE='[sluggo];32175196']A country can't succeed without strong industry, regulation destroys industry. If the USA wants to maintain its status as a world power, it needs to deregulated. Personaly, I don't want milliond of poor people living off the money of lawyers and doctors. Without an industrial base, there is barely room for a middle class. It is a poor economic model to regulate everything based on what may be possible probably enviormental friendly.[/QUOTE]
no regulation whatsoever destroys the country
[QUOTE='[sluggo];32175607'] already there is so much enviormental regulation that you can barely build any factories.[/QUOTE]
you giant liar, with all this "enviormental" regulation you'd expect at least low emissions but the US has the second highest emissions on earth
I love this whole fictional narrative that the GOP has built up about how liberal regulations intentionally prevent companies from creating jobs and making money. It's almost true, because regulations prevent lots of things. Such as:
-Preventing companies from dumping toxic waste into public water supplies.
-Preventing companies from inflicting respiratory illness on innocent people by polluting the air.
-Preventing companies from forcing employees into indentured servitude.
-Preventing companies from falsifying their own accounting records so the CEOs can walk away with hundreds of millions of dollars while the company tanks and employees are thrown out with nothing.
-Preventing companies from collapsing the entire financial system with irresponsible, greedy risk-taking with other people's money (dropped the ball there, eh?).
As I recall, we grossly deregulated our entire financial system in the 90s and early 2000s in the name of "getting out of business' way." Now we have millions and millions of jobs lost as a direct result of the financial collapse that followed. And those assholes want even [b]more[/b] deregulation, after the GOP congressmen they bought and paid for gutted our one pathetic attempt at restoring some kind of control over our banking industry?
Fuck them.
The rich be fucking everyone over when did that start :O Oh wait that's the entirety of human history never-mind.
[QUOTE='[sluggo];32172306']Well, when it takes to weeks to do anything because you need to fill out so much paperwork, it does cost a bit more money.
When you need to close one of your factories because it polutes to much, you have to fire some people.
Regulations hurt the economy.[/QUOTE]
What you're talking about is the system in watch someone becomes incorporated, files a patent, etc. They're already simplifying that right as we speak, both Democrats and Republicans.
Also it's stupid as hell to deregulate environmental standards because when you kill off all of your constituents, you know because we need clean air and water. Oh and what's that? You mean the automotive industry is keeping up with the new standards? You mean the ones that said it would cost thousands of jobs to retool, when it didn't? Oh yeah that's right, they're also doing BETTER because of the tighter regulations. huh.
[QUOTE=Zeke129;32172287]When did CEOs become the go-to guys for political advice? Obama shouldn't listen to them any more than he should listen to a 7/11 clerk as they both have the exact same background in politics[/QUOTE]
I'd almost trust the 7/11 clerk more, at least his life isn't dedicated to fucking over as many people for money as possible.
[QUOTE=StealthArcher;32175955]I'd almost trust the 7/11 clerk more, at least his life isn't dedicated to fucking over as many people for money as possible.[/QUOTE]
Given the chance, I think he'd fuck over some people for some cash.
[QUOTE='[sluggo];32175196']
Greedy company executives want to make more money, to make more money you need to expand, to expand you need to hire.
Companies don't have confidence in the market and economy, thats why they aren't hirering.[/QUOTE]
Wow, you're about as dumb as they get.
The companies don't hire because they don't want to cut profits for the upper class workers so they can pay lower class workers, instead they make the lower class workers work harder.
And tell me, is there a shortage of money in business/industry that disallows expansion or something that I don't know about?
Does sluggo realize that in the past year, companies made a record profit and yet they hired nobody?
They are making more money with less workers, why would they want to hire more.
[QUOTE='[sluggo];32175607']But what hurts us? Who defines it? If it is the enviormentalists, there would ever be a fossil fuel industry again, we wouldn't make anything at all that can polute. already there is so much enviormental regulation that you can barely build any factories.[/QUOTE]
If we developed a technology that systematically destroyed huge area's at a time, would you say that this would be acceptable? Even encourageable?
This is what the coal and fossil fuel industries are ACTUALLY doing. If you think the death of the planet for a short term monetary gain is worthwhile, I'm quite sure you're literally too retarded to insult.
[editline]8th September 2011[/editline]
[QUOTE='[sluggo];32175196']A country can't succeed without strong industry, regulation destroys industry. If the USA wants to maintain its status as a world power, it needs to deregulated. Personaly, I don't want milliond of poor people living off the money of lawyers and doctors. Without an industrial base, there is barely room for a middle class. It is a poor economic model to regulate everything based on what may be possible probably enviormental friendly.
Greedy company executives want to make more money, to make more money you need to expand, to expand you need to hire.
Companies don't have confidence in the market and economy, thats why they aren't hirering.[/QUOTE]
If regulation really did kill jobs, we would currently all be out of work because of the huge amount of regulation of every business element of our lives. If regulation really was that bad, we wouldn't see huge problems in the wake of vast deregulation. We wouldn't have seen a narrowing of the gap between rich and poor absolutely shatter and come back to 100 years or more before.
Greedy executives have recently made more money than ever and have been actively doing what they can to size down in every way. The recent years have seen a net increase of many industries and area's. This is in the wake of deregulation. But those jobs... They're not there.
I think regulation would even bring in jobs. Think about all the paper pushers on each side of the bureaucracy that could be hired.
Frankly, I just don't see how you see this. Normally I can at least SEE conservative points of view, this isn't one I can even begin to wrap my head around. Can you?
[quote]Joe Echevarria, Deloitte's new U.S. CEO stressed that growth comes from offering incentives to the private sector "through tax reform, regulation and responsible fiscal policy."
But it needs to be done in a "pragmatic" way with a responsible government and less politics," he said.[/quote]
Well, that sounds pretty reasonable.
GTFO Glaber
Oh glaber, talking like you know something about a subject just so you can spout your republican anti-obama shit.
Never change.
[QUOTE=thisispain;32175717]you giant liar, with all this "enviormental" regulation you'd expect at least low emissions but the US has the second highest emissions on earth[/QUOTE]
Why should usa be #2 in anything
USA #1, less regulation and you CAN be
It's funny when the super rich tell average Americans that the country has to live within its means. It's good to hear that the people who don't have to worry about their personal finance are looking out for us. Also the company Energy XXI, the ones responsible for the "get out of the way" quote (which was directed at the entire government, not just the president) are an oil drilling company. Here's their operations map...
[img]http://www.energyxxi.com/assets/images/core_fields_small.jpg[/img]
I would get the zoomed version but their website is cheaply made and doesn't seem to want to work. Can't imagine why the government would be concerned about them drilling for oil off the coast of Louisiana like that...
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