09/14/2012: GARY ON NATIONALLY SYNDICATED INVESTORS EDGE RADIO BROADCAST
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https://archives.warpradio.com/btr/InvestorsEdge/091818.mp3
JUST LETTING YOU KNOW
Wow! I have received many emails on Mitt Romney calling the 47% victims, and saying they’re never going to vote for him and this that and other thing.
Let me explain myself on this. I am neither Republican or Democrat. I am conservative fiscally. That’s who I am. I believe in the greatness of this country. I believe that every person can become what they want to become, regardless of the morons and what they say about how “it’s uneven.”
I tell you about uneven playing field and that has everything to do with Wall Street and people not going to jail. It’s nothing to do with getting jobs.
Blacks, women, Hispanics and every kind, every creed, and every color are CEOs of major companies.
And I know it’s not easy. Heck, the Augusta National Golf Club, just let women in. But in my heart of hearts, I believe that most of the time in any industry, you can become the great. It doesn’t matter what you look like, what you sound like, or where you came from.
I know this because every month, we have our meetings at the Boys and Girls Club and we will bring in someone whose background was horrible…one parent…no parent…parents in jail…parents dead…parents crooks…parents drug addicts – you name it. And that kid ended up in a Club and studied and went to school and learned right from wrong and decided what they wanted to be…and they’ve become great.
I really believe this.
But I also believe that we’ve become nanny state. You know, when there are more people getting government money than producing that government money, we’re in trouble.
Now Mitt Romney screwed up completely. Got it all wrong. Made no sense whatsoever. He’s right on the number of 47%. But of that 47% you have the elderly, the working poor…amongst others. It’s a stupid statement. I’m watching some Republicans defend it, but it makes no sense whatsoever. He needs to back away and start over. Because the fact is, there are too many people that are getting money from government.
The incentive to work has been going South. The incentive for taking has gone up. And this administration is doing nothing about because it is also my belief that Obama doesn’t care. He doesn’t mind. I know I’m going to get some flak for that, but really is my belief. There are people out there who love that it’s a nanny state – “Come vote for me, while take care of you.”
It’s gotta be the opposite. It has got to be something in the neighborhood of study, education yourself, go to school, decide on who you want to be and decide on greatness. Decide on integrity.
You get my point. If Mitt Romney wants to be president…he has to be the president of all people, not 50% of the people. You don’t just shrug them off by saying, I’m going to get their votes anyway.
Huge mistake.
Now don’t get me wrong. It’s being overdone. The supine, lapdog, in the tank, paws in the air, corrupt, con artists, national mainstream media are taking this to the hoop and dunking the ball. This is the same media that, while the Middle East is blowing up, have said “well it would have happened regardless of Barack Obama.” If George Bush was president, they’d be stringing him up. But Mitt Romney’s got to get back on point.
What is your new economic program?
And how are things going to get better under your economic program?
And stop wee weeing on the supposed 47%.
What does have to do with your money? EVERYTHING!
Some of you may be surprised about my take on Mitt Romney. This doesn’t change how I feel about this president and his utter redistribution of wealth in plain sight. And his horrid, terrible economic policy.
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Gary Kaltbaum owns Kaltbaum Capital Management, LLC (“KCM”), an investment adviser registered with the U.S. Securities and Exchange Commission. The opinions expressed herein are those of Mr. Kaltbaum and may not reflect those of KCM. The information offered in this publication is general information that does not take into account the individual circumstances, financial situation or individual needs of an investor. The information herein has been obtained from sources believed to be reliable, but we cannot assure its accuracy or completeness. Neither the information nor any opinion expressed constitutes a solicitation for the purchase or sale of any security. Any reference to past performance is not to be implied or construed as a guarantee of future results.