Tuesday, March 19, 2013

Greedy & Bigoted Home Depot Co-Founder

In an interview with Fox News’ Sean Hannity last year, the multi-billionaire Home Depot co-founder Bernie Marcus said that a second term for President Obama would bring “despair.”

Then today on Fox News in an interview with Neil Cavuto, the multi-billionaire was blathering that ObamaCare© was the main reason why large corporations were hoarding their cash. Oh really?

Despite the housing bubble and millions of home foreclosures, Home Depot's stock has soared 196% under President Obama. In January 2009 the stock price was $21.53 -- and now in March 2013, it's trading around $68.79 a share.

And during this whole time under Obama, Home Depot's shareholders were also earning dividends. So what in the hell are all these multi-billionaires bitching about?

Home Depot at Google Finance

Last year it was reported that Home Depot's Chairman and CEO Frank Blake's total compensation package was up 3 percent to $10.8 million. His predecessor, CEO Robert Nardelli, stepped down with a $210 million severance package. Aren't these CEOs earning enough?

And if so, then why is Home Depot's co-founder Bernie Marcus such a mean and bitter old man? Because his tax rate on capital gains went up a little from 15% to 20% in 2013?

Meanwhile, Home Depot's "sales associates" earn $8.42 an hour -- and when adjusted for inflation since 1968, they should be earning well over $23 an hour today.

Bernie Marcus ranks #151 on the Forbes 400 list...so that greedy and bigoted @hole can kiss my piss-poor ass! I'm sick and tired of hearing 82-year-old rich men whine like babies.

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