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Today's Nuze

"Every government interference in the economy consists of giving an unearned benefit, extorted by force, to some men at the expense of others."

Ayn Rand

Nobody's listening.

TELL ME MORE, PRESIDENT OBAMA

By
Neal Boortz
@ May 4, 2009 8:23 AM Permalink | Comments (27) | TrackBacks (0)

Barack Obama is really doing wonders when it comes to building confidence in our financial institutions. (Please note the sarcasm.) Obama wants to make sure that you know that Wall Street is still going to be an important part of our economy, but it will never be half of our economy ever again. At least, if he gets his way.

What does this mean? Obama says, "That means that more talent, more resources will be going to other sectors of the economy ... I actually think that's healthy. We don't want every single college grad with mathematical aptitude to become a derivatives trader. We want some of them to go into engineering, and we want some of them to be going into computer design."

Ironically enough, what is the "other" sector in our economy that is showing the most growth right now? That would be the government. It takes college grads with mathematical aptitude to control so many people's lives you know.

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What others are saying

  • So now he's a career counselor...
    Obama's reach is so vast that now he's telling our young people what they should choose for a career. The man is truly a messiah! Excuse me, Mr. Obama, shouldn't the free market decide what sector grows and what sector shrinks? What empirical data did you base this gem on? Gee, I guess you wouldn't mind stopping by and explaining to my son and daughter what career paths they should follow. It must be burdensome to carry all that wisdom around and look for ways to share it with we 'hard workin'but simple minded Americans'!
    By Chuck @ 05/04/09 04:15:27 PMreport abuse
  • The Great Irony Of It All
    Is that Wall Street was force-fed the toxic assets (bundled mortgages via Fannie Mae, Freddie Mac, et al) that created the asset bubble and its inevitable bursting by our social engineering government in the first place. Now we have a crisis caused by government incompetence being "fixed" by more government action. Anyone who blames Wall Street for our current economic situation hasn't the first clue how our economy works.

    T-shirt Doc: It's hard to take someone seriously who does not appear to have passed 8th grade English. If you're going to rail on about things you claim to know something about, you might at least let someone with a working command of the rules of grammar proof your rants before you inflict them on us.
    By Lee @ 05/04/09 03:47:21 PMreport abuse
  • Mathematicians
    Mathematicians don't design computers. Computer Engineers do that. Somebody needs to tell Presbo that while he's deciding where they should work.
    By TimT @ 05/04/09 03:09:58 PMreport abuse
  • Copy Moron
    John Stuart Leibowitz now he's a real hero. Just another S.O.B. in a long , long line of S.O.Bs. Did he tell you another thing that will never happen. That he will have a soul, since he sold that to the Devil. Here is some advise do not bother to post a link on this site. Most here are smart enough to know what is happening. Better yet just keep posting on the Puffington Compost or the Daily Cus with the other pin-head, pencil-neck, loud mouth geeks.
    By Blue-Eyed Devil @ 05/04/09 01:16:07 PMreport abuse
  • unemployed osamabama
    in 2013 whoz gunna hire osamabama besides acorn?

    the kgb? alquada, owlgore
    By butt neckid @ 05/04/09 01:09:53 PMreport abuse
  • We don’t want...we want
    “We don’t want; we want” WTF is “We”? The government. This I starting to sound like the Soviet Union where the government determined your career based on your aptitude.

    I can’t wait to see Obama’s Olympic Team planning. Will it involve government recruiters going to elementary schools to scout for the 2016?
    By Robert @ 05/04/09 12:35:23 PMreport abuse
  • copy moderate
    put your head back in the sand. That way you won't see it coming when your grandson is told he will be a ditch digger.

    If you think this was anything other than to sensitize the public to just such an idea and butter them up for more you're blind as a bat.

    But you are correct in one sense that this will never happen because I will fight to the death before I allow it to happen! I have a feeling I may not be alone.
    By Ben Dover @ 05/04/09 12:15:24 PMreport abuse
  • Copy Mod
    I know what you are saying, however, we're already seeing things happening that we never would have thought would happen. So I'd feel a lot better if our leaders would quit talking like those thoughts are normal because eventually someone will take advantage of yet another crisis.

    Never used to be so paranoid. I can thank everyone in Washington for that now.
    By Joyce M/Blythe @ 05/04/09 12:15:16 PMreport abuse
  • Stuff that's never going to happen
    John Stewart recently started a segment "Stuff that's never going to happen" to address the right wing nuts who are worried about, and acting against, stuff that's, um, never going to happen (e.g., Rep. Michele Bachmann has introduced legislation that would “bar the dollar from being replace by any foreign currency"). As Stewart said, we haven't even adopted the metric system.

    See http://www.hulu.com/watch/69709/the-daily-show-with-jon-stewart-sht-thats-never-gonna-happen---global-currency

    My point: In contrast to the concerns of some of the tin foil hat posters here, no, Obama is not going to tell you, your kid, any new college graduate, or anybody else the occupation they are required to enter.

    Folks, keep the debate substantive and stop acting like a bunch of paranoid whackos.
    By Copy Moderate @ 05/04/09 11:35:31 AMreport abuse
  • constitution?
    I'm sorry.. where in the constittuion does it establish the federal govt's role to determine what jobs people can and cant have?

    who are the "we" obama mentions in this article as in "we dont want everyone with mathmatical aptitutde..."

    "We" as in the free american people dont give a flying poop what job everyone else goes into.. its none of our busienss.. so maybe Obama's WE needs to mind their own business as well.

    Obama is a combination of many forms of dictator.. some socialist tendencies, some flat out communist, others.. fascist. What do we call it? sociofascism?

    I call it.. Obamunism.. its a form of govt like we have never seen before. Capitalism plays almost no part in it.. and the people are owned by the federal regime.
    By ATLlistener @ 05/04/09 11:32:45 AMreport abuse
  • Michael
    Wall Street provides the useful function of helping us manage capital for businesses, for loans, for our retirement funds. How well do you think our economy would thrive without capital?
    The nitwits here think that Wall Street crashed when it was the housing market, badly distorted by Congress, that brought the house down. There must be something in those left-leaning genes that impairs logical thought. If Congress had not messed up the system this could have been avoided.
    By Don @ 05/04/09 10:45:32 AMreport abuse
  • Tear down
    Why tear down wall street to make them less than 50% of our economy? WHY NOT Build other areas of the economy to be larger? Tearing down does not create wealth and long term stability..
    By Dear Leader @ 05/04/09 10:21:49 AMreport abuse
  • Again, socialism at work
    Let's see, now he wants to control the labor pool as well. People who do not see the writing on the wall are either blind or in denial. I'm afraid it's going to take something extremely obvious and seriously life-changing in order to get the Obama-bots to wake up.
    By coinlee @ 05/04/09 10:08:42 AMreport abuse
  • Soviet style
    Hank Reardon asked the question I was giong to ask...how does Obama plan to 'direct' people into the 'right' careers? What if talented people want to trade derivatives for a living. Is he going to stop them? Good grief.
    By Jamie @ 05/04/09 10:03:29 AMreport abuse
  • Smart kids and lawmongers
    No, he wants every smart college kid to become a liberal-@$$ lawyer. Thank you, Neal, for making the bar one esquire lighter.
    By jabster @ 05/04/09 09:59:04 AMreport abuse
  • Communism
    When I first heard President Obama make these comments my first thoughts were, as Hank Reardon pointed out below, that the government is now going to tell our children what they will do for a living. If that's not communism I don't know what is.

    T-shirt doctor, could you proof read your crap before posting. And are you a capitalist or not? If not, quit posting your lame links to your little tee shirt shop on this blog.
    By Ben Dover @ 05/04/09 09:46:15 AMreport abuse
  • Math Aptitude
    Not to sound elitist...but most of the kids that have the mathematical aptitude to handle trading that I know couldn't handle engineering, and even fewer could survive computer design.
    By Johnny @ 05/04/09 09:45:50 AMreport abuse
  • Sounds Familiar
    "where they actually do something of value"

    Kinda like communists testing kids and pointing them in the direction that the tests say they should go instead of letting them make their own decision?

    The only legitimate way to "spread the intellectual wealth" is to encourage business so that there are plenty of jobs in all sectors. But this administration is not going to do that.
    By Joyce M/Blythe @ 05/04/09 09:45:20 AMreport abuse
  • Didn't Need Welfare
    The whole point is, wall street didn't need welfare. Nothing was happening that wasn't normally taking place till politicians started throwing money around. Why spend your money if you can spend other peoples money? Stop and think about it, the whole thing started with the so called housing crisis. At that point 6% of mortgages were in trouble and a couple of companies were going to go under. This happens all the time and are you trying to tell me that with over 90% of the mortgages being paid that the economy was going to crash. They created a panic to get Obama elected and when all the Republicans could muster was McCain, it worked.
    So now these math whiz kids can spend years in collage and work for next to nothing for the government! Great incentive.

    AND IT KEEPS GETTING FUNNIER!
    By D.D @ 05/04/09 09:32:27 AMreport abuse
  • More radicalism
    The idea that people should go into jobs where they actually do something of value, rather than becoming stock-trading opportunists!

    What a _radical_ notion... actually earning wealth, instead of inventing imaginary money to trade with other "visionaries."

    The stock market--i.e., the Big Roulette Wheel--really SHOULDN'T be the biggest sector of our economy. Not if we want to have something of real, solid value underlying it.
    By Copyleft @ 05/04/09 09:30:09 AMreport abuse
  • wall street
    wall street should be bulldozed to rubble, and they're derivative traders should be hung from the lampposts.

    but you won't agree with that. because you've been fooled by neil boortz.

    i'll be called an anti-capitalist by you people here. because anybody who hates wall street as much as i do, has to be.

    actually i think i'm a definately a capitalist. i think that every body who does't hate them is a anti-capitalist.

    do you know what they've done to your capitalist system? does this depression ring a bell?

    good ole neal, the LINO, he doesn't bash the derivatives traders. why is that?
    By tshirt-doctor.com @ 05/04/09 09:24:07 AMreport abuse
  • It's a good thing..
    that the Obama administration knows exactly what I want to do with my life. After all they have spent many hours interacting with me personally to see what things suit my interests and what I aspire to be.
    By Pete @ 05/04/09 09:23:56 AMreport abuse
  • I guess it is time to move
    I am so sick of seeing every way that Obama is screwing this nation. I guess I'm going to have to head overseas after I finish up college. Maybe I'll give it until 2012, but if things don't change that year, I'm out of here.
    By Chris @ 05/04/09 09:21:27 AMreport abuse
  • Math grads
    And just how are you going to enforce that Mr. O? Grads with math aptitude are a very scarce commoditity anymore, thanks to our feel-good education (read: indoctrination) system, and can demand better salaries. So young people will go where the money is, including derivatives trading. That is until the Imperial Federal Government tells them where they must work. Sounds kinda Soviet, doesn't it?
    By Hank Reardon @ 05/04/09 09:18:05 AMreport abuse
  • educated government employees
    You do know that 10% of government employees do 90% of the work accomplished in our local/federal governments.
    The power that the uneducated government employee yields just by deciding to answer your phonecall is immeassurable. Not to mention whether they think your issue is substantial enough to pass it on.
    Big government = big problems.
    By beohbe @ 05/04/09 09:12:50 AMreport abuse
  • Actually I hope this is the case.
    But not because Obama says so. Do we really want a sector of our economy that is bailed out by taxpayers every time their math whizzes add wrong? I think not. Besides Wall Street is way too connected to Washington as far as I am concerned. I'd like to see the smart people with an entrepreneurial sprit create companies that will help us solve our energy problem instead of creating risk models that screw up and demand a welfare check.
    By Michael @ 05/04/09 08:47:53 AMreport abuse
  • The Fantastic Four
    I guess we can sit back and watch The Fantastic Four respond to this with, "Well, Bush's Administration....". Let's see how right I am about this
    By LiberalHater @ 05/04/09 08:43:55 AMreport abuse
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