Neil Cavuto had some harsh criticism of President Obama during his end-of-show monologue on May 5.
The Fox News Channel and Fox Business Network anchor blasted Obama for creating villains of businesses and for presenting an inconsistent message that is keeping businesspeople "anxious."
"I think every administration has its villains. Remember Ronald Reagan had the evil Soviet Empire. President Bush his own axis of evil. That was three countries there. This president - in a word: business. Alright, not all businesses but it seems most businesses, big business at least."
Pointing to Obama's May 4 call to change corporate taxation rules to prevent the use of tax havens, as well as the recent government involvement in Chrysler, Cavuto said: "Huge multinationals that hire workers abroad and get tax breaks here - they're villains. Sick companies like Chrysler being pushed into a foreign automakers hands on taxpayers' dime no less - they're not villains.""So the president wants to limit U.S. companies' ability to defer paying U.S. taxes on offshore earnings so they can grow and I guess remain viable, but wholeheartedly endorse spending billions of U.S. taxpayer dollars ceding effective control of a U.S. auto giant to an Italian concern on the slim, dare I say remote chance it can. No wonder so many business leaders are anxious," Cavuto continued.
Cavuto pointed out that not all business leaders have done things wrong, so they shouldn't be lumped in together and stereotyped. He also called Obama out for sending mixed messages:
"[I]t is very hard for companies to be saintly when they're being lectured by a president who, no offense, prefers acting like Sybil [a movie about a woman with multiple personality disorder]: blasting Wall Street one day, embracing it the next, vilifying CEOs one day, coddling them the next, ripping companies that dare look for tax breaks after paying billions, praising efforts to save losing ones even if it means spending billions more."
The U.S. Chamber of Commerce and other business representatives have criticized Obama's plan for "tax reform," which he announced May 4. They say changing the rules of taxation will cost businesses more money and make them less competitive globally.
"We're talking about American jobs at American companies and their ability to compete overseas," John J. Castellani, president of the Business Roundtable, told Associated Press.
—Julia A. Seymour is an assistant editor for the Business & Media Institute.
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Get your tax returns in order Neil.
May 6, 2009 - 15:09 ET by averageschmoeGet your receipts and tax records in order Neil. Here comes the audits!
I think that all
May 6, 2009 - 15:29 ET by klchadwickof us that dare to question Chairman Barry need to double check our finances! (my husband has suggested that I make sure every single receipt is present and accounted for due to the fact that I had a minor disagreement that got pissy on my part, with a certain senator from FL that has a (D) after their name) Cavuto has a platform that reaches many more than the majority of us do however, sometimes I get a little paranoia going on and think that there is someone in the WH surfing the web (especially sites like NB) just looking for those that dare to question "that one".
remember....it's not paranoia if they really are after you! lmao.
http://politicaldessert.wordpress.com
OBAMA DOW RALLY...NOT SO FAST
May 7, 2009 - 08:05 ET by reelman46OBAMA DOW: TAX SLAPDOWNS AHEAD
As the economy struggles to get back some mojo despite gov-meant
meddling some are now saying positive things. This may be to save Obama
from having to blame Bush for another 6 months before it gets stale.
The joker in the deck is that Obama (with his tax cheat staffers) is
working on MAJOR taxes on the top half of taxpayers plus business and
also the “cap and trade” will stagger the economy. What about the
trillion borrowed for the false STIM? What about the demo budget that
3x the nation’s debt?
Not so fast. The Dow will get beaned by these radical socialist policies just about the time it gets back to its knees. Mark it.
Doug Schexnayder, Ph.D. (theconservativecrawfish)
Re Rally
May 7, 2009 - 09:37 ET by slickwillie2001Yep; and if card-check passes that will crush the market as well. We'll see an epidemic of strikes that will make us look like France. I guess that's the objective in the end anyway.
The OAF does his magic over at the Pentagon
May 6, 2009 - 15:16 ET by upcountrywater20,000 NEW JOBS opps 9.000 jobs
The remaining 11,000 new hires would come from the conversion to
federal civilian slots of jobs that had been outsourced to contractors.
Hay! if you say so it must be true.
"This unprecedented, five-year planned workforce initiative will result
in a properly sized, well-trained, capable and ethical workforce," he
said.
The gov. can do no wrong, fire all then private contractors, arg.
Reagan VS 0bama
CAVUTO ROCKS...
May 6, 2009 - 15:21 ET by klchadwickseriously!
http://politicaldessert.wordpress.com
Chrysler
May 6, 2009 - 15:28 ET by PeterDI would like to know if George Soros has a stake in Fiat or any other company that will benefit from Chrysler and GM's bankruptcy.
Dont know abt that, but
May 6, 2009 - 15:31 ET by klchadwickhere's Cavuto on Chrysler...
http://www.youtube.com/watch?v=VAdsPUYe_S0
http://politicaldessert.wordpress.com
How do you reconcile the
May 6, 2009 - 15:29 ET by pcantidoteHow do you reconcile the progressive doctrine? Its tenets rely on the production of significant amounts of income by a minority of individuals and companies, and yet those very tenets aggressively punish the behaviors that generate said income. It is an inherently flawed theory. We soon won't have to worry ourselves with large multinational companies deferring taxes overseas, because the response will be to move the entire business overseas.
-Reject ALL incumbents in 2010-
as always
May 6, 2009 - 15:29 ET by katainkentCavuto is the man. :)
Hold on ‘cause the world will turn if you're ready or not ~ KT Tunstall
I can Hardly Wait
May 6, 2009 - 16:28 ET by NorthCoasterI can hardly wait for our auto industry to begin producing our socially acceptable vehicles. I keep thinking of the Yugo or Lada, which were such wonderful examples of socialist tenets and ideals. Just think of what could happen here with those manufacturing icons as examples. mechanics will have more work than they can handle and will need to hire additional staff just to keep the vehicles on the road.
Re PC Vehicles
May 6, 2009 - 18:07 ET by slickwillie2001And, I can hardly wait for the Bamster's temper tantrum when the vehicles that he has directed Chrysler and GM to make, don't sell. Will they end up knocking the price below cost, in effect subsidizing them? Will he intimidate car buyers like he is bondholders? Or will their only customers be the federal government and the state of Michigan?
slick at 10 bucks a gallon... kuz no drilling, no coal no brains
May 7, 2009 - 02:28 ET by upcountrywaterthen those gumball cars will fly off the shelves.
or so he hoping. ARG
Reagan VS 0bama
Fanning class warfare
May 6, 2009 - 16:45 ET by Chris NormanFanning class warfare helps Obama divide and conquer.
The "Mainstream" Media: By liberals. For liberals.
I love me some Cavuto...
May 6, 2009 - 17:56 ET by d1carterI love me some Cavuto...
Lessons
May 6, 2009 - 18:06 ET by 10ksnookerCarter's Mugabe, remeber him? Carter installed him as the dictator for life in Zimbabwe. A few years back, Zimbabwe was the food basket of Africa, exporting their surplus food to other African states.
And then Mugabe recognized a problem, white folks owned the farms. Hey no big deal for a dictator, Mugabe took the farms and gave them to the rightful owners, the poor black people.Of coursae who got the farms was done by political patronage.
Fast forward to today, Zimbabwe is the UN's latest food basket case, the farms lay fallow, Zimbabwe has about 1/2 their people in near starvation existence.
It's not a rascist thing ---- Owning the farm doesn't make you a farmer. Something the UAW will soon learn.
I'm confused
May 6, 2009 - 18:18 ET by bre1227Perhaps I haven't read enough, but assuming all of the outsourcing has been to American companies/individuals, how does transeferring them from the private sector to federal civilian positions create 21,000 NEW jobs?
hehe
May 6, 2009 - 18:39 ET by katainkentthat's what you get for reading the fine* print ;)
Hold on ‘cause the world will turn if you're ready or not ~ KT Tunstall
I grow increasingly terrified...
May 6, 2009 - 21:05 ET by anneftx... at the ignorance and vitriol of the current administration regarding the business world as well as on a variety of other topics (think ethanol, for example). Zapping Big Biz is a guaranteed way to topple hundreds of thousands of small businesses -- the source of most U.S. jobs.
One can only hope that we will throw out all the incumbents (at least those who've not any business experience -- working in a law firm doesn't count). I used to propose that term limits were determined by the voters. Now I think voters just check the top box and have no knowledge of a particular official's votes/actions.
I applaud Mr. Cavuto for his truth saying. His show airs a bit earlier than the end of my workday in Central Texas, but when I catch it, I'm always impressed with his knowledgable commentary and questions. While I like Fox News, I do get a bit aggravated by the bombastic shows (O'Reilly/Beck etc). I generally agree with their philosophy but prefer a, well, er, more balanced view. I sure get more balance from Fox than I do from MSM which seems to be in bed with Mr. Obama.
O's plan to zap off shore tax reserves is a plan borne of ignorance. Were I a biz owner, I'd consolidate my company and move to a country with far lower biz taxes. In Texas we have a friendly biz tax rate. That's probably why our economy is doing fairly well as opposed to states like NY and Cali. In fact, we actually give (gasp!) financial incentives to companies that relocate here. In addition, we're a 'right to work' state that generally deplores unions. I wish Mr. Cavuto would do a segment about the disparity between states that are pro-union v those who absolutely aren't.
Given my limited viewing of his show, it could well be that he's done so.
anneftx
I believe he has -
May 6, 2009 - 22:57 ET by katainkentyou could probably find it on YouTube. I don't watch Fox news in general. In fact I don't have cable tv. But when I did have tv I tried to watch Cavuto whenever my schedule permitted. He's factual and he (most of the time) stays civil and doesn't go off the deep end. I've been watching him since he was on CNBC.
Hold on ‘cause the world will turn if you're ready or not ~ KT Tunstall
I'm a union member, but I'm
May 6, 2009 - 23:24 ET by RR GOPI'm a union member, but I'm thoroughly appalled at the UAW or any union having anything to do with managing any company. That's a recipe for disaster.
A study in corruption and power sprinkled and blessed with the Holy Water of Socialism.
One of the 34% who thinks George W. Bush was a great President. One of the 61% who wants to bring back the stock and pillory (yep...approval for Congress now at 39%...do you believe that!?).
What does Cavuto expect from a socialist who was influenced
May 7, 2009 - 01:11 ET by Rush Fanby terrorist Bill Ayers and radical socialist Saul Alinsky.
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You can fool some of the people all
of the time and all of the people some
of the time, and that's sufficient.
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“Apparently, experience is the greatest teacher, and when these poor people who think Barack Obama means a new house, a new car, a new job, when they find out that's not what Barack Obama means, maybe then they'll see.” ~ Rush Limbaugh
Villification
May 7, 2009 - 10:19 ET by PoolPlayerNotice how the politicians villified Wall Street over the mortgage crisis. It seems to me that the mortgage lender's job was to make as much money as he could within the letter of the law. The politician's job was to set the letter of the law so that the making of that money is not hurtful to the overall market. The politicians (Barney F, Chris Dodd, ...) decided to set the letter of the law to push their social agenda which in turn caused the crash. When the market crashed the politicians, in their normal cowardly way, lay blame on the guy who was just doing his job with adjectives like greed, incompetence, etc.
What amazes me is how the general public (not just the dumb ones either) buys into this BS