Oracle CEO Predicts Prolonged US Economic Recession

Complete video at: http://fora.tv/2009/09/21/Oracle_CEO_Larry_Ellison_Unscripted

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.

Category:

News & Politics

Tags:

• economy
• economics
• depression
• financial
• crisis
• consumers
• debt
• savings
• obama
• income
• taxes
• government
• spending
• stimulus
• fora.tv
• foratv
• fora
• tv

[elvis32z]

Clicked b/c the thumbnail looked like he was doing a 'water pipe' hit. ya digg?

[Reido2828]

@nocturnalc

Would you support Ron Paul? Or go for your civil liberties instead of a President that promises more stability in the middle east?

[nocturnalc]

@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.

[Reido2828]

@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?

[nocturnalc]

@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.

[nocturnalc]

@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.

[Reido2828]

@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

[DCLugi]

@nocturnalc The concept of the Gov/Gun is so accepted and ingrained that most people don't even consider it.

[nocturnalc]

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.

[IHSchwingo]

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..