Outlook Gloomy at Secret Billionaire Meeting

[Liberal_in_LA]

article posted just for the title. Poor Billionaires!

Outlook Gloomy at Secret Billionaire Meeting

Published: Friday, 10 Sep 2010 | 2:02 PM ET Text Size By: John Melloy
Executive Producer, Fast Money

For 25 years, legendary Wall Street strategist Byron Wien, now with The Blackstone Group, has held summer meetings with high net worth individuals to get their outlook on the global economy and investing. This year’s group, totaling fifty individuals and including more than 10 billionaires, was decidedly pessimistic on the U.S. economy, investment opportunities and the Obama administration.

“They saw the United States in a long-term slow growth environment with the near-term risk of recession quite real,” said Wien, in a commentary to Blackstone clients. “The Obama administration was viewed as hostile to business and that discouraged both hiring and investment. Companies and entrepreneurs were reluctant to add workers because they didn’t know what their healthcare costs or taxes were going to be.”

http://www.cnbc.com/id/39097299

[RandomThoughts]

1. Got a picture of the event !!!!!!!

[robdogbucky]

2. Arrogant bastids, serves them right

When is the Oligarchs' other annual gabfest, the Bohemian Grove gathering?

Has that already taken place this year?

I can't keep up.


Hands off my Social Security!
Hands off Latin America!




Just my dos centavos


robdogbucky

[DJ13]

3. The Obama administration was viewed as hostile to business

....... because they've only gotten 90% of the things they want, not the full 100% they were used to under Bush.

Poor babies.

[qb]

4. Their secret leader revealed: