Posts Tagged ‘finance’

Despite the actions by the Obamacrats and the Nancy Pelosi liberals in Congress, the private sector remains the dominant force in the American economy.Obama whose only Lincolnesque quality may be that prior to moving into the White House his principal domicile was in Illinois, has opted to take FDR’s approach to governing by extending the reach of government into the private sector.

History tells us that economic growth is derived, not from the meddling of a government that injects its paternal hand into the pockets of the private sector to redistribute wealth for its own devices, but rather, from the concentration of resources in the private sector aligned and targeted against free enterprise objectives, where competition spurs innovation and entrepreneurism is the sacred mantle upon which economies stake their claim for growth.

The policies of President Barack Obama would have one believe that he perceives the government to provide the direction and care for its’ citizens from cradle to grave. He has discounted the contributions of entrepreneurs and private sector investment by endorsing and signing a stimulus package that provides little in the way of traditional economic stimulus. The President and his supporters believe that through the redistribution of wealth they can manage the social agenda for the nation.

They believe that the selfish interests of the private sector should be sacrificed for the selfless interests of the public sector. They believe in an intellectual elitism that knows what is right for the people. They believe that a nation focused on the common good with sacrifice by all, an acceptance of a lifestyle whose standards are lower in the future and infusing diminished aspirations on a proportionate basis across the governed is the solution to the current economic crisis.

Ceo4aday believes in the power of the free enterprise system to properly incent individuals to aspire to their own individual goals and objectives. We believe that this President has charted a course through his own inexperience and and ineptness that will punish the producers in our society by removing incentives and limiting capital access to entrepreneurs as government becomes a larger component of our economy.

Our way of life is at risk. Our ability to raise ourselves as individuals from the lowest link in the economic chain to the highest is imperiled by a President that reinvents himself daily as he seeks to transform the social and economic fabric of a nation through class war and a socialist agenda.

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Barack Obama approaches the podium but, not before an assurance from an aide that the teleprompter is in place. He is preparing to introduce a new appointee as an Under Secretary to the State Department. The appointee is well known to the Obama administration and eminently qualified for the post. He will be joined by Secretary of State Hillary Clinton among other State Department and White House dignitaries.

It will be a brief announcement at the White House and the President will move on to other activities in his meeting filled day. He has spent a portion of his morning, reviewing the announcement and is confident, as he is introduced and steps to the podium, that he will be  quite capable of reading the prepared announcement from the teleprompter.

 In the four and one half minutes it will take to read the announcement, the President will not deviate from the prepared text, nor will he look directly at the cameras or those assembled in the east room of the White House for the announcement.  Rather, he will turn his head from right angle to left angle as he confidently recites the prepared lines as they roll along the teleprompter. At the conclusion of the announcement the President steps away from the podium as the designated Under Secretary pulls out a few 3×5 note cards and addresses the assembled for ten minutes.

 This President has gained a reputation for being a great orator. Ceo4aday has failed to perceive the President as being other than an excellent reader who is apparently unable to deliver even the shortest of announcements without the use of a teleprompter. We commend him however, for his ability to master the teleprompter and deliver a speech in such a way in which he is able to project himself with someone of exceptional oratorical skills.

We can’t imagine that Abraham Lincoln and his famous address at Gettysburg would have had the same impact if delivered via a teleprompter. There is something about the connection that a speaker generates with an audience when he or she steps to the podium looks their audience in the eye and speaks, not reads to the assembled that provides a level of assurance that the speaker is indeed addressing the audience.

Four score and seven years from now, I suspect that historians will be fascinated that this nation elected a President whose primary qualification was that he could perform adequately with a teleprompter. We find it unsettling that the President of the United States is unable to speak or present to the American public without this crutch.

 Could it be, that Barack Obama is only acting as a leader and cannot perform without his prepared script. This nation needs leadership at a time of crisis. I seem to recall an actor who became President and spoke often and consistently without the aid of a script, exhibiting leadership and a connection with a people. Obama addresses the nation as a bureaucrat, who as a leader is only one technical error away, from being exposed as someone, who through an irony of history found himself elected to the highest office of the nation, when the nation can least afford him.

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President Barack Obama and deliquent tax payer Secretary of the Treasury Timothy Geithner are quick to respond to any inquiry or concern about the tax increases they are proposing in their new budget, as being fiscally responsible and consistently state, that the tax  increases have to do with fairness in the tax code.

Obama, Geithner and a host of administration and Democrat party talking heads also continually remind the American public that they have proposed a tax break for 95% of taxpayers. The top 5% of American taxpayers currently pay in excess of 60% of all federal income taxes. The bottom 90% of all taxpayers pay 29% of  all federal income tax. The bottom 50% of earners pay only 3% of all federal taxes. It would appear from those statistics that the tax system is unfair. It is unfair to the top 5%.

In an economic crisis it is those who have the most to lose that also lose the most. The President either fails to understand that economic reality or simply chooses to ignore it. Of the trillions of dollars of wealth lost since this recession began, the top 5% have lost a disproportionate amount of wealth yet, it will be the top 5% that will bear the burden of the extraordinary spending Barack Obama is proposing to spend as he honors his desire to transform America into a nation without aspiration.

Barack Obama in  order to promote his class war and feed his desire to lead America along the path toward socialism fails to mention these statistics when he is promoting his policy’s. He takes for granted that those who have paid in full to date will pay more in the future.

Ceo4aday believes it is time for the top 5% to be heard. Why should we support an adminustration that proposes to penalize innovation and entrepreneurship. Why should we support an administration that disdains our contribution and perceives us solely as a means to fill the coffers of a government expansion that seeks to undermine the free enterprise system. Ceo4aday believes it is time for the top 5% of income earners to be recognized for the positive contribution they have made to this nation. Ceo4aday believes it is time to step up and be heard. Join us in our quest as we seek  to make Congress and the White House  listen to the minority that funds the majority.

 Speak out, step up and be heard!

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Ceo4aday is in Las Vegas this week where the housing bubble and the global recession have clearly impacted a city that is famous for hosting an industry long believed to be recession proof. Las Vegas enjoyed a boom from through 2007 but has seen its’ fortunes diminished as the recession has taken its toll.

The icons of the gaming industry, including the Wynn Corporation, which operates both the Encore and the Wynn resorts, the Las Vegas Sands, whose premier properties include the Palazzo and the Venetian, as well as  MGM which include its’ namesake as well as the Bellagio and Mirage among its’ properties have seen their stock prices collapse from their historical highs in excess of 90%. They are not far from from becoming penny stocks.

Las Vegas though is more than just the entertainment and gaming capital of the world, it has also become a premier destination for business conferences and conventions, an industry that is currently under fire from no other than Barack Obama. The President who appears to lack an  understanding of the most basic of business practices, fails to recognize the importance in the business process of meeting with business peers to promote strategic alliances, inspire innovation and provide information on the latest trends in a given industry. Business conferences and conventions provide an environment for executives to step out of the confines of their office and allow them to think outside the box while they become more informed on issues that are relevant to their particular industry.

The conduct of business concerns the successful development of relationships. Business conferences promote the development od relationships and are integral to to conducting business. Barack Obama and a number of the Democrats in Congress have created an environment in which the conduct of attending a business conference or convention is considered unacceptable behavior and should the conference take place in Las Vegas then it is clearly a gross abuse of fiduciary responsibility. Obama and his disdain for business, is having a dramatic affect on the hospitality industry, as executives unwilling to subject themselves to the contempt of an administration intent upon transforming the behavior of business professionals, to conform to a leftist bureaucratic ideal in which business is a collective pursuit to support the working class.

This has meant great pain for Las Vegas. However, in the midst of this current crisis a new Billion dollar resort, the M Resort and Casino opened on March1st south of the Las Vegas strip near the Southern Highlands Golf Club. The new facility hosts an exciting gaming floor, a number of excellent dining alternatives and an elegant hotel and conference facility. The M has been drawing great crowds and provides a lift to a Las Vegas economy that remains committed to providing world class facilities for those who desire to indulge and remember a nation that was built on a committment to prosperity by innovators and entrepreneurs as opposed to Obamacrats.

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China ignited a global rally in the stock market today as the Chinese government made it clear to the rest of the world that they intend to continue to grow their economy at an 8% rate this year. China is committed to  massive spending on infrastructure, which is a major  component of their economic stimulus plan. China’s leadership recognizes that while other economies around the globe struggle with the current economic crisis they will push aggressively toward meeting a strong growth target and gain an advantage over the sagging economies in the west.

China, a communist nation recognizes the benefits of capitalism to a degree that many western economies fail to appreciate. Our own nation of late has been drifting toward a socialist agenda to the exclusion of traditional free enterprise principles. Our own leadership appears to be huddling in the White House seeking additional adjectives to describe the economic crisis and catastrophe they inherited from the Bush administration.

It is time for the Obama administration to recognize that promoting a class war and appropriating  the power of the Presidency to undermine a conservative radio Presidency is not Presidential. The inexperience of Barack Obama and his on the job training is a luxury we can ill afford. He may be a plausible communicator however, as an executive he has made an array miscues that were he any one else the press and the public would have turned on him by now.

Perhaps, he can learn from China and recognise that winning in a competitive global environment requires a President and an administration that are committed to winning on the economic battlefield. The again that assumes that this President wants to win as opposed to sacrificing America’s standing as the premier example of free enterprise in the world.

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President Barack Obama now owns the current economic crisis. His wealth transference policies as outlined by his administration’s budget and the stimulus package he endorsed with its failure to provide capital stimulus, are a deliberate effort to alter the traditional basis for capital creation in America.

The stock market has weighed in on the new Administration’s policies and have judged them to be reckless and irresponsible. To foment a class war at a time when we are in the midst of a crisis of confidence across the broad spectrum of our economy is foolish and ultimately will be judged as negligent. The Obama administration and the Pelosi led Democratic Congress, are intent upon punishing the private sector to the ultimate detriment of the American standard of living.

The new administration is committed to expanding the public sector at the expense of the private sector. Given that President Obama has little, if any experience, working in the private sector and that his experience is solely public sector based we should not be suprised by the direction he is committed to moving this nation toward. The redistribution of wealth or as defined by Obamanomics as a fair and balanced tax system means higher taxes.

Obama and his administration have done real damage to the economy over the past several weeks. Today the President went in front of the cameras with Prime Minister Gordon Brown of Great Britain and was clearly uncomfortable when commenting on the economy. He lacks a confident delivery when he is unable to access a teleprompter and we  would argue that his ability to speak intelligently about the mechanics of the economy are limited. His inability to deliver a confident message only serves to weaken the markets further.

We are saddened for America that we have evolved to a  time in our history when the best we can put forth to lead us through this economic crisis is an inexperienced, untested politician who believes that government should usurp the role of the private sector and individual responsibility in order to provide for the collective good. This is a President at war with the very system that enabled him to attend the  best schools in the nation and allowed him a platform, from where once eagles soared, as they coveted life, liberty and the pursuit of happiness. God Bless America.

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American investors in the stock market deserve a break this week. After falling 20% in the first two months of the year it is time for the market to begin a rally. Investors are battle weary and worn down by an economic tsunami that has generated an onslaught of negative economic performance in wave after wave of disappointment.

The relief, that we believed would come from the advent of the new administration and the natural lift we expected from a new team in the White House,  failed to materialize and they actually heightened the anxiety that already existed in the markets, making a bad market even worse.

Amid calls for the President to step out and begin to instill confidence in our economy he seems to have fallen silent. An action that is certainly better than the litany of crisis and catastrophe that he reiterated day after day as he talked the crisis up and the economy down to gain additional support for the excessive spending programs he has proposed.

Barack Obama is obviously an incredibly astute and focused individual. He identified and secured the loftiest of opportunities. He has succeeded in getting elected to arguably  the most coveted position in the world and he accomplished it at a pace that few in history can match. The challenge, that confronts we the governed, is that Barack Obama never operated a business or worked in a business environment and as such comes to his understanding of economic matters through academic as opposed to practical experience.

He has learned the buzz words which any leader understands are necessary to speak confidently about a broad spectrum of issues. Obama was never construed to be a business candidate, though numerous well heeled business elitists supported his candidacy and subsequent election. However, given that he has a broad social agenda and an economy at peril it would seem prudent to gain a better understanding of business and job creation in order to create a longer term revenue stream to accommodate his ambitious spending agenda.

Obama, occasionally talks the talk of business but he has never walked the walk. He does in fact project the traditional liberal disdain toward business that those who have never had to meet a payroll or are members of the academic elite often do.

The President appears to be an excellent communicator and a quick study. His has mastered the teleprompter as well as any veteran broadcaster. Perhaps the President should put those communication skills to the test by starting an entrepreneurial express tour.  Ceo4aday believes this man who promises so much change and transparency should reach out to business by meeting with not just the Fortune 50 elite but a broader range of small and mid cap businesses across a varied group of industries to get a real sense of what generates job creation.

Spend a few hours in a conference room Mister President as a management team wrestles with attaining their budget. Sit through a Board meeting and listen to the issues that confront businesses and Boards every day. Step out Mister President and meet the Americans that devote every day to assuring that a revenue stream exists for Washington to appropriate. Learn and communicate about successes in our economy. Deliver a positive message to the American public and watch day by day as America moves forward into the dawn of emerging growth.

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