robertt said:
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Another CEO of a successful company who doesn't know what he's talking about :roll: [sarcasm intended]
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Well... I don't know nuthin' about THIS guy... although I'm sure I'll take a peek at google later... but, I'm not so sure HOW "successful" he actually IS at the moment. He was the "Johnnie come lately" to the construction and home improvement market. LOWE's (at least) was surely his big brother. BOTH (most) of these stores rely on the "home construction" market for about 60-70% of their business! And THAT market is in the toilet!! On the other hand.... you'd think MANY people are spending money in these stores to "freshen up" the pig of a house they are trying to SELL! .... NOT because they think this is the TIME to sell.... but, because they have lost their jobs and can no longer afford even the INTEREST on the mortgage payments!
But... the PEOPLE have no money to spend.... if they HAVE NO JOBS! HE is panicking because he sees people restricting their spending to FOOD, Education, GAS, and POWER bills, and not so much in things like appliances and LIGHTING! :hellno:
But, let's LOOK at his comments in this video, or actually some quotes from it that are part of the accompanying article.... which is what I will quote and discuss:
Home Depot Co-Founder Bernie Marcus Blasts Obama Economy | TheBlaze.com
The "accompanying article" from somebody at TheBlaze:
Apparently, Marcus ONLY listens to "brain-dead economists" cuz the facts just don't bear that claim out. Reagan raised taxes and created jobs. Clinton raised taxes and created even MORE jobs. Bush CUT taxes and created the FEWEST jobs in recent history.... and created an atmosphere that led to a financial and economic meltdown!
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Marcus: As he speaks about cutting out regulations, they are now producing thousands of pages of new ones. With just ObamaCare by itself, you have a 2,000 page bill that’s probably going end up being 150,000 pages of regulations.
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MORE whining about Obamacare! Geez. 150,000 pages?? Really?? A little hyperbole there?? Besides... most of the regulations in Obamacare affect the health industry, not HIS.... and not MOST corporations.
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Marcus: I‘m not sure Obama would understand anything that I’d say, because he’s never really worked a day outside the political or legal area. He doesn’t know how to make a payroll, he doesn’t understand the problems businesses face.
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Yeah, cuz I forgot.... someone remind me just WHAT company Reagan was the CEO of???
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Marcus: They [CEO's] are frightened to death — frightened that they will have the IRS or SEC on them. In my 50 years in business, I have never seen executives of major companies who were more intimidated by an administration.
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Well.... during
HIS 50 years, corporations have run the government... and run our country into poverty! If they are NOW frightened about the IRS or SEC.... perhaps, they have something to hide???