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Well it happened and again the Dow added that we -- are for the sixth such -- could -- Last time did that was back to 2000 zoo doesn't Obama says he's not -- it's a -- about a double dip recession.
But business superstar -- -- don't is.
Says that's a big part of -- and the former Home Depot chairman's awards.
Do you think President Obama doesn't like business.
Doesn't like business.
I actually just like pistons -- they're trying to.
If Kim I don't know but it's clear to me by his actions he does not what he doesn't realize the value of proof right now -- -- -- when it's been spent.
We still like create new jobs we have to do.
Private sector creates jobs -- home Depot's three of -- Bernie -- myself 325000.
I had a girl yesterday from our -- -- corpsman talked me on the phone she started as a -- tore him.
-- -- fourteen years ago.
She is tonight.
The district manager of eight Stewart's home.
I mean that's what job creation should -- -- you advised the president not that he would call you but if you advised the president.
I heard from a lot of small medium -- some large business types just today and -- -- about it.
-- you say well get off our back that would be a good -- what do you make.
Look I will make this concession that you -- Too many people get to run major American corporations by not rock -- the -- within the company itself and -- politics.
Every once in awhile a business -- has to demonstrate courage.
The businesses that don't have leaders that do demonstrate courage don't make it just don't make it.
Pawn of running a business I've never been CEO so it's easy for me to say what some of the guys should do.
But the -- CEOs I've known and respected have always will balloon to make the tough decisions.
Author frank Blake Ross Perot mich Hart I -- -- down the list what was that what was a thread that we have tools.
It was the willingness to stand up and say this may not be popular but this is the right thing to do.
And I think if you look at a lot of companies.
What happened to them.
Lack of courageous leadership whether it's in the competition.
Look look look at it wouldn't it too easy for them I mean you you you made your riches.
On a debt and hard work its way through a lot of these guys come into office already on third base and think they're gonna triple.
Kind of the -- born on third base and they think they could attract so all of a sudden.
They assume the multimillion dollar pay package is there.
Coming and I don't look -- I'll say it again.
Requires -- from time to time would you name a legacy is just don't have no I think I think unfortunately the way they got to the top -- by not rocking the boat.
That's the case and a lot of them have shown him privately and our government seems used on publicly.
And doesn't good for our economy -- -- -- on our market let me -- you -- name.
Could Eastman Kodak forty years ago.
Eastman Kodak was in the so -- nifty fifty.
Eastman Kodak was on everybody's list how to -- -- look at what's happened Eastman Kodak.
-- leadership oral act the Iraq will host a concern.
With the -- is a nation of photography.
So that's a private sector -- of course -- what do you but don't what does that say about our country now where we stand now are you what your big patriot.
Besides being a -- you know.
And I see a lot of great companies well what are you worried that we're gonna don't know doubled it.
All I think we're gonna doubles up right now.
I think right now this economy look unemployment stuck at 9% it's.
We spent trillions of dollars in the latest with.
Keynesian economics I learned in college fifty years ago the idea -- -- -- pump priming.
You -- the pump.
And then the pump -- its -- for us.
We -- -- -- and that's not eighteen hole rights of the economy.
Softens the markets to.
Walker should do it right now as we talked so this is a slow bloodletting if I think look the warning about equities I think -- -- Even now -- we don't look at look look you get nothing -- -- money in bonds or in bank accounts.
-- any number of great companies -- you get to Home Depot today is that you're still optimistic about the market -- Look I'm constructive about the market but I think -- honesty and my logic on the market is.
I'm thinking about three years five years I'm -- thinking about the next trade.
-- probably have left money on the table by not selling stocks -- bought -- stock which I won't name.
A year ago through at this suggestion of somebody I respect enormously.
Stock is tripled now it's down.
It's 15% from its high and -- achieve your -- that I -- hold.
School still how gimme gimme another year -- to -- -- this is -- media disruptive technology.
And it's going to be very rewarding.
So he you don't try to pick Thompson who book that's a good example you.
He doesn't get exactly revenue gets write -- -- he looked warm up over the I don't Adam.
Yeah I noticed -- all you very rich guys.
-- how do you -- -- very -- well -- ABC was financed well well I know I had that much money they gave all seeing is that when when push comes to shove and you -- Bill Gates.
And added a -- -- and Paula Jones and Jones well.
When they want to commit their money may never give it to the government.
They they committed to private enterprise -- in your case medical center host of -- things.
They don't just write a check to the government or the IRS and save you guys -- a good job so we have the right line will they write what they have to.
Barrymore and -- but that's their way of saying even the liberal among them there -- more -- sooner trust.
Bill and Melinda Gates for -- -- his foundation then then the government understand something the -- many people in America who giveaway enormous sums of money.
That can't hate the tax deduction.
There's a limit on how much money you can give away relative to your -- -- what does it.
I think it's 30%.
Comfortable ways to -- -- I hope that's a matter of fact.
For -- number three years.
I you have carryforwards you can carry in -- hole and but it if he'd giving money away for tax purposes you're losing the whole conference -- Six devout enemies he's got three grandsons and they're OK with that given all the money can -- stone they're okay.
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