SOCIALIST PRESIDENT CONFUSED BY AMERICAN CAPITALISM AND HOW BUSINESS REALLY OPERATES: STILL CONFUSED AFTER MEETING WITH CEO'S

Our Community Organizer, you know who I am referring to, who by the way still sends me almost daily and weekly emails under the letterhead titled "ORGANIZING FOR AMERICA" had the bright idea of meeting with top Ceo's to arm-twist them into using the billions in cash that their companies are showing on the balance sheets to "hire people".

This makes perfect sense to a community organizer who has never run a business and has been on one type or another of the public dole for his entire life. he just assumed that a business which shows cash, should quickly use it up to hire, spend and spend! That was the way it works in "his" world of living on money one gets from somebody else.

For instance an organization that he was involved in would have to spend and spend its budget as much as possible so that it could be replenished again the following year. That is not the way it works in a capitalist system, an American system, as corporations are formed and owned for the benefit of their STOCKHOLDERS and not to just spend money.

The best thing he cold have suggested to these CEO's is to ask them to distribute the excess cash to its owners, the stockholders who would then pay a dividend tax and start actually spending the money on most likely, consumer purchases actually stimulating the economy!

No our community organizer had no idea of how that works, so he just had a group of very confused corporate leaders too timid to explain that to him, since he knows everything anyway.

This was an article releted to this:

The socialist president plays host to capitalism

By Dana Milbank

The titans of American industry were all assembled at the White House complex Wednesday. There was Eric Schmidt, the CEO of Google. There was Kenneth Chenault, the chairman of American Express. And there was Barack Obama, the sometimes owner of General Motors, Chrysler, Citibank, Bank of America, AIG, Fannie Mae and Freddie Mac.

The president's advance team handled it like a state visit. The Secret Service shut down Lafayette Square as the CEOs huddled inside Blair House -- where foreign dignitaries often stay. The U.S. Park Police were mounted, the presidential limousines were idling, and men with scary-looking weapons stood in the shrubbery. The only thing missing was the display of the visitors' flag -- in this case, the dollar sign -- from the lampposts.

It looked like a state visit because it was a state visit, in the sense that President Obama was hosting leaders who are, to his administration, very foreign. The land's leading capitalists were sitting down with a leader caricatured by many Republicans as a socialist, or even, in Newt Gingrich's view, a Kenyan anti-colonialist.

"Chilly out here, guys!" the president said with a friendly wave as he crossed the street from the White House to Blair House.

Chilly outside? Wait until you're in a room with all those CEOs.

"Mr. President!" bellowed CNBC's John Harwood from the press risers on the north lawn. "Can you repair your relationship with business?"

"It's chilly out here," Obama repeated.

Harwood, live on the air, did not know quite what to do with this answer. Off camera, a producer's voice prompted him: "Go, John. Keep talking."

"You see that the president is not in a mood to answer questions today," Harwood continued gamely. "He said, 'It's a little chilly out here,' when I tried to get him to say something."

The president was not about to answer questions because he didn't want to do anything to upset the choreography of the day. It was a chance for Obama to show, in contrast to the perception that many voters had last month, that he is a big fan of the free market and private industry. And it was a chance to have a mostly friendly crowd of CEOs (there wasn't an oil man or a health-insurance boss among them) validate Obama's pro-business bona fides.
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Obama has a long climb to overcome the reputation that he is hostile to business; the U.S. Chamber of Commerce, inflamed by health-care reform and Obama's climate-change policy, is on record accusing him of a "general attack on our free enterprise system." But on Wednesday, he began to implement his pro-business business plan.

Before walking to meet the 20 corporate chiefs, Obama delivered a speech that, in the space of just four minutes, included seven mentions of jobs, six of growth or growing, and two of hiring. "Spurring economic growth is what I'll talk about later this morning when I meet with some of America's top business leaders," the president said. (READ: I am a capitalist!) "That includes Jim McNerney of Boeing, who also heads up my Export Council, and several members of my Economic Recovery Advisory Board." (READ: Some of my best friends are capitalists!)

I believe that the primary engine of America's economic success is not government," the president went on. ( As you may recall from all his policies and changes mandated to date it is GOVERNMENT that he believes to be the answer, not free enterprise.) "It's the dynamism of our markets. And for me, the most important question about an economic idea is... whether it will help spur businesses, jobs and growth."

The business of America is business.

By this time, the CEOs had already disembarked from their Lincoln Town Cars on 17th Street and were waiting in Blair House. Google's Schmidt arrived later than the others, went to the wrong building -- he obviously hadn't consulted Google Maps -- and was set straight by CNBC's Eamon Javers.

Whatever Obama said privately to the executives over the next four-plus hours, they must have liked it. When they emerged from Blair House, several of them stopped at the microphones to welcome the president into the club of capitalists.

"I think they have a lot of business acumen in the White House," judged UBS's Robert Wolf, an Obama golfing partner. What a joke as about 5% of his WH cronies ever had a REAL JOB in a real business!

"The president and a number of the business leaders there felt they were on the same team," contributed Mark Gallogly, co-founder of Centerbridge Partners and one of those on the president's Economic Recovery Advisory Board.

"We all want America to win!" gushed Amex's Chenault.

Boeing's McNerney said the CEOs had granted Obama forgiveness for the hostility many of them felt from the administration over the last two years. "We all wanted to move beyond the tone that created this confrontational environment," he said. "We all made our apologies and all said we're moving on. We all wanted to wear the same thing on the front of the jersey, which is about this nation's employment and competitiveness."

Go team! If he keeps it up, this socialist president will earn himself a tickertape parade on Wall Street as a real MOGUL.