Friday

CNBC interview: "The King needs to cloak himself, & go out amongst the peasants"

-Posted by D.C. Worth, for Barbay (France/US)

-Bernie Marcus's interview with CNBC:
(ht/rightnetwork) # [9.17.2010]
"I hang around with a lot of small business people.. that's the people I know... I don’t hang around with guys like, General Electric…"
-B. Marcus (Home Depot co-founder)



-WELL, GE ISN'T HAPPY WITH OBAMA ADMIN. POLICY, EITHER
-This from General Electric (GE) CEO Jeff Immelt says the lack of a U.S. energy policy and the "stupid" current structure of the industry are causing the nation to fall behind in new energy fields.

China is moving faster to develop clean technologies, he says, also slamming the U.S. energy regulatory system split between federal and state authorities.

-VIDEO (part 2) Bernie Marcus interview. [view]

-Triple B says:
"Simply take the same amount of money and cut the small businessman's taxes by that amount. Voila, immediate and effective stimulation. They know how to spend their money much better than government does; and (imagine) without an army of bureaucrats, lawyers, and banksters "counseling" them."

-Wall St. Breakfast says:
Passage of small business legislation that aims to improve access to capital seems to overlook one detail: banks aren't eager to participate, fearing that the government will change the rules. And troubled banks that may be interested could be encouraged to make risky loans...

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