Boehner Tells Finance Pundit President Obama Has ‘Balls Made Out Of Marshmallows’ (VIDEO)

Author: February 25, 2013 4:55 pm
John Mauldin and John Boehner at conference dinner.

Screen shot from Cambridge House’s video at the California Resource Investment Conference in Palm Springs on February 12th-13th, with House Speaker John Boehner (second from left) and finance pundit John Mauldin second from right.

“… And Boehner looks at me and says ‘Harry? Harry! Hell, Harry ain’t the problem. It’s Obama. The man can’t make a decision. He’s got balls made outta marshmallows!'”

That’s how investing expert and best-selling author John Mauldin recalls the witty conclusion of a drunken conversation he shared with U.S. House Speaker John Boehner (OHmfg!) about the first debt ceiling debate 18 months ago. Or at least he thinks it was 18 months ago, because that’s when he says he stopped drinking. The video’s poor image quality makes it impossible for me to tell whether the bottle of wine in front of him — apparently, each guest gets one — is full, empty, or somewhere in between.

This charming dinner speech took place at last week’s California Investment Conference, held on February 12th in Palm Springs, CA. According to their Facebook page, this gathering is the only one of its kind in the area:

Junior Mining, Oil & Gas & Clean Tech companies from across North America will gather for this two day conference at the Hyatt in Indian Wells. Attendance is drawn from retail, accredited and Institutional investors. Analysts, Industry experts and professionals will speak throughout the conference about, gold & silver, precious metals, rare earth elements, investing trends, strategies & more!

If Mauldin’s maudlin speech is any indication of what goes on when business elites meet and greet behind closed doors, our corporate overlords should permanently ban all video equipment from their events. Mitt Romney’s derogatory 47% comment seems endearingly naive compared to Mauldin’s crude anecdote about his pal, Boehner.  And — even more amazingly — this video wasn’t surreptitiously recorded and leaked to Mother Jones by Jimmy Carter’s grandson. It was publicly posted to YouTube by Cambridge House International — the company that organized this conference! Or should I say, the company that formerly organized this conference?

The bit about Boehner’s frustration in working Senate Majority Leader Harry Reid (D-NV) and President Barack Obama is bad enough.

The rest is even scarier.


Did this mouthpiece of the one-percent REALLY mumble barely veiled threats about how — if the U.S. won’t play nice with the global financial community and implement the draconian austerity policies they desire — his corporate masters will take their … um … big marshmallow balls and go home? Remember how in Atlas Shrugged — Ayn Rand’s penultimate celebration of wealth, narcissism, and greed — the sociopathic protagonist John Galt persuades his rich acolytes to hide themselves and their wealth in a secret enclave when society won’t let them have their way? And how that caused the collapse of civilization? [All quoted material below transcribed from video.]

Despite Mauldin’s incoherent mumbling and tendency to trail off his sentences, this writer gets the distinctly uneasy feeling that this is where he was going:

And I … uhhh … you know … I-I-I’ve since done … we’ve gotta have somebody … somebody’s gotta force the president to make a decision. And until we get that … and if it’s a crisis, then it’s a crisis … I don’t think we can get to 2016 without the market beginning to say [winces in exaggerated fashion] … TSK! … Eh?

But … the president HAS made a decision, that Wall Street got us into this mess, and needs to pay its share to get us out of it. PLUS the American people backed him up on Election Day, 2012. Does Mauldin’s speech indicate that Wall Street refuses to acknowledge what Obama and the American people have decided?

You guys aren’t serious, we’ve seen this movie in Europe, we’ve seen this movie in Japan, ‘cuz Japan’s ready to hit it … we’d like to slip out at intermission …

Yes, we’ve seen this crappy movie, too. Economic austerity has failed dismally throughout Europe, prolonged the global recession, and caused untold human suffering. Yet, the Masters of the Universe insist that the world continue implementing economic policies that force ordinary people to pay for the financial industry’s monstrous mistakes. But they’re lucky, they can sneak away during intermission and take all the world’s money with them. The rest of us are stuck here, living this endless nightmare … over and over again … like the cast of “Groundhog Day.”

So [deep, exaggerated sigh]  I hope — Dear God — I’ve got seven kids who are trying to stay employed — I hope we don’t have a crisis. 50% youth unemployment? 25% unemployment?

Gee, I wonder who caused all this unemployment? And … Good grief, man! SEVEN kids? We Americans try to give you corporate welfare bums a leg up, but  you keep whelping out more kids when you can’t even provide prestigious upper management jobs for the ones you’ve got!

There’s lots of opportunity in Greece right now, I was just there. I’m telling you, good time to take your money and go find places, and that’s not a place you want to live, and have been through, we don’t — it’s tough on this country — if we have to do that.

Yes, there’s lots of “opportunity” to feed off of the misery you’ve caused by forcing Greece into a prolonged, crippling recession so you can get every penny of your ill-gotten, filthy lucre back. Maybe you can package up their crappy debt and sell it to some evil collection agency that will torment the Greek people with phone calls every night at around dinner time. Doesn’t matter, they probably can’t afford any food for dinner anyway. Of course, you wouldn’t want to actually live there, because the natives might get restless.

… and just to prove I’m not making all of this up, here’s the video:

Here’s the transcript from John Mauldin’s speech:

There’s a lot of people in Washington who see the need and the necessity for change. I’ve sat and talked with a lot of the Republican leaders, with the House Majority leader, with the [Democratic] Senate Majority Leader — believe it or not — I mean with the guys at that level, they see it, they’ve just got different solutions. But if we don’t get there …

By the way … my take on John Boehner … 18 months ago, was with Boehner, we were four-hour dinner, lots of wine, must have been 18 because I quit drinking after that

… um … and I mentioned that it was during the … uhh … um … credit [makes vague flapping gesture with hand] … um … deficit … um … debt ceiling thing … and I says, “Too bad you’ve gotta work with Harry … you know … Senator Reid … to get this thing solved,” and Boehner looks at me and says [faces and points at Boehner, while adopting fake Southern accent], “Harry? Harry! Hell, Harry ain’t the problem. It’s Obama. The man can’t make a decision. He’s got balls made outta marshmallers!” [laughter, applause]

And I … uhhh … you know … I-I-I’ve since done … we’ve gotta have somebody … somebody’s gotta force the president to make a decision. And until we get that … and if it’s a crisis, then it’s a crisis … I don’t think we can get to 2016 without the market beginning to say [winces in exaggerated fashion] … TSK! … Eh? You guys aren’t serious, we’ve seen this movie in Europe, we’ve seen this movie in Japan, ‘cuz Japan’s ready to hit it … we’d like to slip out at intermission …

So [deep, exaggerated sigh] I hope — Dear God — I’ve got seven kids who are trying to stay employed — I hope we don’t have a crisis. 50% youth unemployment? 25% unemployment? There’s lots of opportunity in Greece right now, I was just there. I’m telling you, good time to take your money and go find places, and that’s not a place you want to live, and have been through, we don’t — it’s tough on this country — if we have to do that.


Elisabeth Parker Elisabeth Parker is a writer, Web designer, mom, political junkie, and dilettante. Come visit her at ElisabethParker.Com, “like” her on facebook, “friend” her on facebook, follow her on Twitter, or check out her Pinterest boards. For more Addicting Info articles by Elisabeth, click here.
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