Outlook Gloomy at Secret Billionaire Meeting

[Swede]

For 25 years, legendary Wall Street strategist Byron Wien, now with The Blackstone Group, has held summer meetings with high net worth individuals to get their outlook on the global economy and investing. This year’s group, totaling fifty individuals and including more than 10 billionaires, was decidedly pessimistic on the U.S. economy, investment opportunities and the Obama administration.

“They saw the United States in a long-term slow growth environment with the near-term risk of recession quite real,” said Wien, in a commentary to Blackstone clients. “The Obama administration was viewed as hostile to business and that discouraged both hiring and investment. Companies and entrepreneurs were reluctant to add workers because they didn’t know what their healthcare costs or taxes were going to be.”

http://www.cnbc.com/id/39097299

[xultar]

1. and that discouraged both hiring and investment....the fuckers

weren't going to spend the money anyway. fuck them

[marmar]

2. Let the robber barons rot......and their empires with them.

We don't need them. We can do it over again and do it better this time.

[tridim]

4. Word. I feel the same way.

[RKP5637]

11. Exactly!!! n/t

[JuniperLea]

3. The administration is hostile to rip off artists like all y'all...

I'm sure that's what was meant... when the fat cats meow and hiss, we should know Obama is doing the right thing.

[lunatica]

5. Cry me a fucking river of crocodile tears

Obama isn't responsible for the state of this economy. He's trying to fix it after you and your ilk fucked it up. He may not be doing enough but he's done far more than all of you are.

If translated what they're whining about is that they can't make all the goddammed profits they've grown fat on.

[L0oniX]

6. Gilligan refuses to bow to the Howells anymore.

[Pisces]

7. THis should be enlightening to the complainers on this board that Obama is a corporatist.

[KakistocracyHater]

8. all those zeros indicate how stupid they are

the US in a longterm slow growth environment? That would be because this very gang has decided to invest far more in China & India instead os the US.

Their bs excuse of a D admin being "hostile" & their "reluctance" to add workers because of "uncertainty" over "taxes & healthcare costs" has been copied & pasted since 1980!

Strange that these very same idiots lobbied against lowering rx costs......they're vampires.

[HughBeaumont]

9. "Hostile to Business" = "Not Lowering their TMTR to 15% or less".

It's the same old bullshit. "Lower my taxes and I might hire".

Does one need any more proof that

Corporations and the Wealthy are Holding America HOSTAGE?

What's been your excuse for the past nine YEARS, fuckers? All the tax cuts since Reagan's day did was make you assholes infinitely richer and America & it's workers substantially poorer.

I'm so tired of hearing this fucking crap and I'm even MORE tired of nobody COUNTERING it!!! WHERE'S OUR VOICE?

Oohhhhhh, we have YouTube rebuttals. BIG SCHMEAL. A dressing down of these idiots needs to be broadcast where millions can see the truth.

[RKP5637]

10. ALL BULLSHIT!!! Some of the nation might just be fed up with endless greed! F these

people.

[deaniac21]

12. They are holding on to their money because they have no idea

about what to expect from the administration. When they feel like they understand the landscape they will spend again.