Oracle CEO Predicts Prolonged US Economic Recession
November 25th, 2011 | 
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Complete video at: fora.tv Oracle CEO Larry Ellison says he does not foresee a substantial recovery in the US economy for at least five years. “The problem is the American consumer is so deeply in debt,” he says. “We’re not going to have rapid recovery from this.” —– Larry Ellison is one of the most successful business leaders in the world today. Don’t miss this rare opportunity to hear Ellison speak his mind about the future of tech, the industry, the world, and more, in conversation with tech veteran Ed Zander. Industry giants Larry Ellison, Oracle CEO, and Ed Zander, former CEO, Motorola, and former president of Sun Microsystems, take the stage in this rare, unscripted discussion. – Churchill Club Larry Ellison has been CEO of Oracle Corporation since he founded the company in 1977. He also races sailboats, flies planes, and plays tennis and guitar.
Video Rating: 4 / 5
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Clicked b/c the thumbnail looked like he was doing a ‘water pipe’ hit. ya digg?
@nocturnalc
Would you support Ron Paul? Or go for your civil liberties instead of a President that promises more stability in the middle east?
@Reido2828 I don’t condone the smaller more stripped down forefather’s statist system either. We can probably all agree that there is something fundamentally wrong with the system that’s in place. But most people are reluctant to move on from statism due to built in fears from external sources (media, school). It’s kind of like an electric fence that keeps the dogs from running out of the yard and to the land of plenty. Voting gives sanction to this violent system. It will never work.
@nocturnalc
Ok then why can’t americans vote for a proper politician? There are some in your country who have the answers maybe not the 100% right but its good enough to help get you back to the old american way of life and old american values. Why can’t anyone see it?
@Reido2828 And I apologize for my choice of words. The so called delusional conservatives think that they too can solve problems in society with government force & coercion. Hence, the mass genocide & dislocation of millions.
@Reido2828 I don’t really worry about all the conspiracies. I just focus on having real relationships with others that see the gun in the room and disapprove of its use for “moral purposes”. I am of no real interest in somebody else’s morality let alone morality legislated by psychopaths. I do payoff the mafia to keep me out of their rape room prison systems, but that’s the extent of my relationship with the state. I’m only focused on voluntary interactions & things I have control over.
@nocturnalc
And conservatives do a great job pretending to be true constitutionalists by taking away liberties for false threats and bailing out bankers who in the end caused the problem and got them rich in the process. Its hypocrisy which is what America is made of now. Your all confused about everything. Did jews blow up the WTC? Illuminati are plotting world domination? Muslims hates us because of our freedoms? All these questions show your a nation on its knees and as a Canadian i’m sad 4u
@nocturnalc The concept of the Gov/Gun is so accepted and ingrained that most people don’t even consider it.
Yeah, I believe a bunch of “public-educated propaganda professionals” with their amazing ability to help drop our educational standards and our general ranking with the rest of the world. Especially within subjects of substance. Let’s all conform and be the same lowly standard of excrement that they want us to be. And if we don’t want that, they’ll point guns at us. Liberals think they are so “compassionate” because they think they can solve the world’s problems by the point of a government gun.
Funny thing is they tried to open the insurance company marked therefore increasing competition therefore lowering prices. But Obama turns out to be another corporate whore dropping a bunch of good bills. Its just your whole system that is corrupt having companies to pay election campaigns etc. Btw. socialistic systems work just fine all over the world, just look at states in N. Europe etc..
well perhaps some socialism is needed but the free market must be encouraged as much as possible. have 90% market and 10% federal government. state power should be more than fedeal. local should have more power than the state. you dont want big powerful governments they will be milked..
“Socialism does not work” . Thats not true , it just doesn’t work the way you want it too work , there are good parts to socialism . Its not all just black and white !
I personally want a free market but some things should be for the people by the people i.e Fire dept , police , healthcare and education. Squeezing profit out of everything is not a good idea
right on man you make sense.
its more than bush its the monsterous beaurocratic machine its got tonnes of inertia its like a flywheel in a motor engine. obama has hundreds of advisors its hard for a man to go against 100′s of people advising him. or the hundreads of lobbyist bombarding the leaders with gifts money and women. the political machine is corrupted. blaming bush well yes he is a DH but its bigger than him. support Ron Pauls bill to audit the federal reserve its the main engine of this engine. its the antidote
people before profits is a very bad idea. what your saying is socialist. socialism does not work man its whats killing america the socialist have camped in america and they are throwing whats left of capitalism out the window. the socialist are invading america through there own political system its like a disease infecting a human. america is infected and will die if you dont bring on the cure. capitalism has cured the human race from tyranny.
Yet, the person responsible for Americas current state, indeed, perhaps the whole WORLDS economic downturn, is Bush’s administration.
Have you ever considered that maybe people before profit is a good thing ? I am not saying thats entirely what i think but You cant just call people “sheeple” because thay have a different world view to your own
reagan too but mostly what reagan inherited he tried to protect it to a degree.
obama hasnt a clue what he is protecting he just thinks social programs are whats needed. not realising they lead to socialism and a poorer country.
everyone supports him cause he looks sincere but that wont get them what they need. they are sheeple.
You mean 20 years ago. You are talking about reaganism.
its a typo idiot. so i gues you support the socialst programs obama is pushing? i guess you reject what you americans inherited over 200 yrs ago. a government that protected free market capitalism and rejected socialism. you fagot.
I did not vote for McCain / Palin.
Why do you think voting for Obama was smart?
He’s typical of so many corporate capitialists. He has an understanding of economics, to the extent that he can make many doing to, but fails to understand the financial system and the role government monetary policy plays in it. The root of the consumer economy is monetary policy by the fed – loose credit and other inflationary policies which made it beneficial for consumers to hold debt. How else could you participate in asset bubbles?
I seriously wonder why a flood of stupidity floods the comment section every time a pro-female comment enters the forum?
You are a disgrace and a fucking loser. This man is much smarter then you, hence his vote. Only retards, fucking losers like YOU voted for McCain/ Palin. You make NO MONEY and you are fucking nothing. Remember that.
YOU are the idiot.
You fucking loser.