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Unmoderated Tag: Politics Rating: No Votes Hits: 8 Comments: 0 President Obama on Creating an Economy Built to Last President Obama on Creating an Economy Built to Last Facebook it: https://my.barackobama.com/obamanatovid Tweet it: https://my.barackobama.com/obamanatotwvid Tumblr it: https://my.barackobama.com/obamanatotbrvid President Obama responds to questions during a press conference at the 2012 Chicago NATO Summit. President Obama: "Well, first of all I think Cory Booker is an outstanding mayor. He's doing great work in Newark and obviously helping to turn that city around. And I think it's important to recognize that this issue is not a, quote, distraction. This is part of the debate that we're going to be having in this election campaign about how do we create an economy where everybody from top to bottom, folks on Wall Street and folks on Main Street, have a shot at success, and if they're working hard and they're acting responsibly, that they're able to live out the American dream.   Now, I think my view of private equity is that it is -- it is set up to maximize profits and that's a healthy part of the free market. That's - that's part of the role of a lot of business people. That's not unique to private equity, and as I think my representatives have said repeatedly, and I will say today, I think there are folks who do good work in that area, and there are times where they identify the capacity for the economy to create new jobs or new industries. But understand that their priority is to maximize profits. And that's not always going to be good for communities or businesses or workers. And the reason this is relevant to the campaign is because my opponent, Governor Romney, his main calling card for why he thinks he should be president is his business experience. He's not going out there touting his experience in Massachusetts. He's saying,' I'm a business guy and I know how to fix it,' and this is his business. And when you're president, as opposed to the head of a private equity firm, then your job is not simply to maximize profits. Your job is to figure out how everybody in the country has a fair shot. Your job is to think about those workers who get laid off and how are we paying them for their retraining? Your job is to think about how those communities can start creating new clusters so that they can attract new businesses. Your job as president is to think about how do we set up a equitable tax system so that everybody's paying their fair share that allows us then to invest in science and technology and infrastructure, all of which are going to help us grow. And so, if your main argument for how to grow the economy is, 'I knew how to make a lot of money for investors,' then you're missing what this job is about. It doesn't - it doesn't mean you weren't good at private equity, but that's not what my job is as president. My job is to take into account everybody, not just some. My job is to make sure that the country is growing not just now, but ten years from now and twenty years from now. And so, to repeat, this is not a distraction. This is what this campaign's going to be about, is: what is a strategy for us to move this country forward, in a way where everybody can succeed? And that means I've got to think about those workers in that video just as much as I'm thinking about folks who have been much more successful."   Reporter: [inaudible]   President Obama: "What I would say is, is that Mr. Romney is responsible for the proposals he's putting forward for how he says he's going to fix the economy, and if the main basis for him suggesting he can do a better job, is his track record as the head of a private equity firm, then both the upsides and the downsides are worth examining." May 21, 2012 5:02 PM
Unmoderated Tag: Politics Rating: No Votes Hits: 7 Comments: 0 Weekly Address: Congress Must Move Forward, Not Back on Wall Street Reform Weekly Address: Congress Must Move Forward, Not Back on Wall Street Reform President Obama discusses the reforms to Wall Street that he put in place to protect consumers and make Wall Street play by the same set of rules -- and calls on lawmakers to finish implementing these reforms so that we can prevent excessive risk-taking and help create an economy that is built to last. May 19, 2012 4:04 AM
Unmoderated Tag: Politics Rating: No Votes Hits: 10 Comments: 0 White House: Jp Morgan Loss is a Need for Reform White House: Jp Morgan Loss is a Need for Reform White House Press Secretary Jay Carney told reporters on Tuesday that JP Morgan's $2 billion loss is a perfect example of why President Barack Obama fought so hard for Wall Street reform and why the additional steps need to be taken. (May 15) Subscribe to the Associated Press: http://bit.ly/APYouTube Download AP Mobile: http://www.ap.org/mobile/ Associated Press on Facebook: http://apne.ws/c7lQTV Associated Press on Twitter: http://apne.ws/bTquhb Associated Press on Google+: http://bit.ly/zuTKBL May 16, 2012 7:05 AM
Unmoderated Tag: Politics Rating: No Votes Hits: 11 Comments: 0 Could Jp Morgan Losses Have Been Prevented? Could Jp Morgan Losses Have Been Prevented? As questions still remain as to how one of Wall Street's largest banks burned up a $2 billion loss from a trading error, those in the banking world wonder could it have been prevented? (May 14) May 14, 2012 6:03 PM
Unmoderated Tag: Television Rating: No Votes Hits: 14 Comments: 0 Obama on Jp Morgan: 'This is Why We Passed Wall Street Reform' Obama on Jp Morgan: 'This is Why We Passed Wall Street Reform' more at abcnews.com May 14, 2012 4:09 PM
Unmoderated Tag: Politics Rating: No Votes Hits: 14 Comments: 0 Bank Stocks Take Hit on Jp Morgan Blunder Bank Stocks Take Hit on Jp Morgan Blunder News that a trader in the JP Morgan's London offices racked up $2 billion in losses, has put Wall Street in a tizzy. (May 11) May 11, 2012 2:03 PM
Unmoderated Tag: Politics Rating: No Votes Hits: 15 Comments: 0 Bank Stocks Take Hit on Jp Morgan Blunder Bank Stocks Take Hit on Jp Morgan Blunder News that a trader in the JP Morgan's London offices racked up $2 billion in losses, has put Wall Street in a tizzy. (May 11) May 11, 2012 2:03 PM
Unmoderated Tag: Politics Rating: No Votes Hits: 21 Comments: 0 President Obama at the First 2012 Rally: President Obama at the First 2012 Rally: "We're Moving This Country Forward." Are you in? https://my.barackobama.com/POTUSrallyclip3vid "Let me tell you something. The problem with our economy isn't that the American people aren't productive enough -- you've been working harder than ever. The challenge we face right now -- the challenge we've faced for over a decade -- is that harder work hasn't led to higher incomes. It's that bigger profits haven't led to better jobs. Governor Romney doesn't seem to get that. He doesn't seem to understand that maximizing profits by whatever means necessary, whether it's layoffs or outsourcing, or tax avoidance or union busting, might not always be good for the average American or for the American economy. Why else would he want to spend trillions more on tax cuts for the wealthiest Americans? Why else would he propose cutting his own taxes while raising them on 18 million working families? Why else would he want to slash the investments that have always helped the economy grow, but at the same time, stop regulating the reckless behavior on Wall Street that helped the economy crash? Somehow, he and his friends in Congress think that the same bad ideas will lead to a different result. Or they're just hoping you won't remember what happened the last time we tried it their way. Well Ohio I'm here to say that we were there, we remember, and we're not going back. We're moving this country forward." May 8, 2012 5:03 PM
Unmoderated Tag: Politics Rating: No Votes Hits: 36 Comments: 0 Analyst: Facebook Will Not Be Typical Public Co. Analyst: Facebook Will Not Be Typical Public Co. Facebook is preparing for its initial public offering later this month. Analysts say CEO Mark Zuckerberg will not operate the company the way Wall Street would typically expect. (May 1) May 3, 2012 3:03 AM
Unmoderated Tag: Politics Rating: No Votes Hits: 35 Comments: 0 Real News: Thousands Join May Day March for Workers Rights in New York Real News: Thousands Join May Day March for Workers Rights in New York Occupy Wall Street joins labor, immigrant rights groups protest economic injustice on international workers day. From The Real News. May 2, 2012 3:04 AM
Unmoderated Tag: Politics Rating: No Votes Hits: 40 Comments: 0 Raw Video: Arrests at NYC May Day Protests Raw Video: Arrests at NYC May Day Protests Hundreds of activists with a variety of causes spread out over New York City Tuesday on International Workers Day, or May Day, with Occupy Wall Street members leading a charge against financial institutions. (May 1) May 1, 2012 11:03 PM
Headline Tag: Television Rating: Amazing Hits: 614 Comments: 1 America Cries 'Mayday': Van Jones on Occupy Wall Street, Student Loans and Foreclosure America Cries 'Mayday': Van Jones on Occupy Wall Street, Student Loans and Foreclosure "Viewpoint" host Eliot Spitzer and Van Jones, president and co-founder of Rebuild the Dream and former Obama administration adviser, review the worldwide events the Occupy movement has planned for May 1 -- May Day -- in the context of the student loan crisis and homeowners' ongoing struggles. Tune in Weeknights at 8:00/7:00c on Current TV http://current.com/shows/viewpoint/ Apr 30, 2012 10:43 PM
Unmoderated Tag: Politics Rating: Bad Hits: 82 Comments: 1 Occupy Unmasked Occupy Unmasked A new documentary film explores the dark side of the Occupy Wall Street movement that the left-of-center media doesn't want you to see. User: poonhound Apr 29, 2012 7:44 AM
Headline Tag: Television Rating: Amazing Hits: 435 Comments: 0 Making an Occupy Wall Street Documentary for the 99 Percent, by the 99 Percent Making an Occupy Wall Street Documentary for the 99 Percent, by the 99 Percent Michael Shure talks to director Kevin Breslin about the new Occupy Wall Street documentary "While We Watch." Tune in Weeknights at 7:00/6:00c on Current TV http://current.com/shows/the-young-turks/ Apr 28, 2012 12:19 PM
Headline Tag: Television Rating: Amazing Hits: 498 Comments: 0 'He doesn't Move, Evidence Be damned,' Says Matt Stoller of Obama's Approach to the Big Banks 'He doesn't Move, Evidence Be damned,' Says Matt Stoller of Obama's Approach to the Big Banks Cenk Uygur, host of Current TV's "The Young Turks," asks Matt Stoller, a fellow at the Roosevelt Institute, why the Obama administration hasn't done more to challenge Wall Street and the big banks, and what Stoller thinks Mitt Romney would do if he were elected. Stoller answers that because Mitt Romney changes his positions so often, he might be easier to convince than Obama. "Barack Obama is a neo-liberal ideologue," Stoller says. Tune in Weeknights at 8:00/7:00c on Current TV http://current.com/shows/viewpoint/ Apr 28, 2012 11:36 AM
 
Tags: Wall Street, Mark Zuckerberg, Public Debt, Van Jones, Chicago, Cenk Uygur, Young Turks, Tax, Eliot Spitzer, Occupy Wall Street, Associated Press, Mitt Romney, Protest, London, England, Documentary, How To, The Real News, New York, Big Business, Talking Points Memo, Current TV, Tech Geeks, Science, Barack Obama, News, Politics, Television, Video Clips
 
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