Posted on 07/29/2015 5:12:02 AM PDT by SeekAndFind
Hillary Clinton thinks quarterly earnings reports are bad. She believes something called “short termism” from activist investors like Carl Icahn is the root of all economic evil.
And therefore, according to Hillary, if we all just focused on the long term by jacking up capital-gains taxes, the country would return to those economic halcyon days when she and her husband were running things out of the White House.
At least that’s what Clinton proposed Friday in a speech at NYU, in which she strained to sound populist about Wall Street lest she get out-demagogued by Bernie Sanders or Elizabeth Warren.
She attacked financiers in the name of an “activist hedge fund” — like the one run by investment-guru Carl Icahn, who buys stakes in companies such as Apple to prod management to make decisions that boost its share price, such as stock buybacks and the sale of assets.
According to Hillary, if these economic players were around years ago, they could’ve forced AT&T to “maximize cash flow and close Bell Labs before the transistor or laser was invented there.”
Reality-check time: Does anyone really think Icahn’s relatively minor stake in Apple gave him enough stroke to prevent Tim Cook from making his latest grand innovation?
(Excerpt) Read more at nypost.com ...
There is no “economic policy” that Hillary Clinton has. She says what she needs to after colluding calculation of what will sound best to get her elected, get a law passed, operate as she needs, or to just plain get money to do her evil.
With most people, their measure can be gauged by the number of lies they tell. With Hillary, it is those extremely rare times when she tells the truth, if that has actually ever happened.
I simply cannot believe she is running for office. Just the fact that she is cements her arrogance for the people who would vote for her.
There are two classes of people that vote for her. Those who are ideologically rabid in their ideas of how things should be largely assisted by masses that are really just too stupid to realize the impact of anything beyond their next paycheck and benefits.
The other class are those who are just plain entitlement leeches. They don’t care about what Hillary would do as long as their EBT gets charged up, that ObamaPhone keeps working, those EITC checks keep coming, their Section 8 rent is paid and on and on and on.
Both funny and sad part about all of this is, we would really be the best country on earth, the most profitable, the most innovative and the most respectable if the MSM only did their job.
They are no better than Tass and every other communist tabloid, extolling the virtues of a failed ideology while laying waste to everything that can make it right.
That job was changed the very first time they hid FDR's infirmity (polio) and his trysts in Warm Springs, Georgia.
It became monumentalized with JFK's problems of womanizing and addiction. From there, downhill all the way to hell.
I agree completely.
It is her world view of political office and how you obtain it. It’s creepy.
She is one screwed up person, and the people who are working for her election...well, enough said.
What!? I big-government liberal fascist saying more taxes, more government control is the answer? I'm shocked, shocked I say! {really, not so much}
...buys stakes in companies such as Apple to prod management to make decisions that boost its share price, such as stock buybacks and the sale of assets...
No dear Hitlery, companies have been burying profits in stock buy-backs to avoid taxes on them. That whole notion that upper management makes short-term decisions only to jack the stock price and make themselves look good is popular tripe, but like so many urban legends that sound good/right/believable it is just as wrong.
If CEOs really acted that way they would come in, jack the stock for a couple of years, then move on to the next position before their short-sighted decisions came back to bite them. However, they'd leave behind a trail of broken and subsequently poorly performing companies and pretty quick boards would associate them with trouble. That's not what happens in spite of the popular meme. I just googled a dozen companies or so and all their CEOs have been in place 6 to 15 years. Being a CEO is a pretty good gig - just look at all the envy generated on the left by the "income inequality." These guys don't want to leave what is probably the best job they've ever had and may ever have. They are, on average, in it for the long haul.
Well, when has reality ever gotten in the way of a good divisive, envy-generating message from the liberals?
But perfectly consistent with sociopathy.
Ninety-nine percent of Democratic voters have no idea what a stock buyback or a hedge fund may be.
Their only political interest in banks and corporations is finding a candidate to vote for who will destroy those institutions and redistribute their wealth to themselves.
The only reason Hillary’s candidacy is still functioning is because probably 80% of Democratic voters have no idea who Bernie Sanders is. When they find out he’s the redistributionist candidate of their dreams, they’ll flock to him and Hillary will become a distant memory.
There, fixed it.
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