Obama Victory 2008

He says he wants to take out loopholes>>>does anybody know what loopholes specifically? I know some rich people…they are already planning on how to move more money overseas if Obama gets elected….and planning to lay off employees. How is Obama going to make the rich do anything? They did not get rich because they are stupid. Good example is Hollywood, whom are his greatest supporters…but they are not worried about his tax hikes because they have smart accountants that transfer their money to Swiss Accounts.

Obama says he’s not going to raise taxes for 95% of Americans, but the other 5% that will see a tax increase (the wealthy) already pay close to 60% of ALL the taxes to our Government.

Bar Stool Economics

Our Tax System Explained: Bar Stool Economics

Suppose that every day, ten men go out for beer and the bill for all ten comes to $100. If they paid their bill the way we pay our taxes, it would go something like this:

The first four men (the poorest) would pay nothing.
The fifth would pay $1.
The sixth would pay $3.
The seventh would pay $7.
The eighth would pay $12.
The ninth would pay $18.
The tenth man (the richest) would pay $59.

So, that’s what they decided to do.
The ten men drank in the bar every day and seemed quite happy with the arrangement, until one day, the owner threw them a curve. ‘Since you are all such good customers,’ he said, ‘I’m going to reduce the cost of your daily beer by $20.’ Drinks for the ten now cost just $80.
The group still wanted to pay their bill the way we pay our taxes so the first four men were unaffected. They would still drink for free.
But what about the other six men – the paying customers? How could they divide the $20 windfall so that everyone would get his ‘fair share?’
They realized that $20 divided by six is $3.33. But if they subtracted that from everybody’s share, then the fifth man and the sixth man would each end up being paid to drink his beer.
So, the bar owner suggested that it would be fair to reduce each man’s bill by roughly the same amount, and he proceeded to work out the amounts each should pay.

And so:
The fifth man, like the first four, now paid nothing (100% savings).
The sixth now paid $2 instead of $3 (33%savings).
The seventh now pay $5 instead of $7 (28%savings).
The eighth now paid $9 instead of $12 (25% savings).
The ninth now paid $14 instead of $18 (22% savings).
The tenth now paid $49 instead of $59 (16% savings).

Each of the six was better off than before. And the first four continued to drink for free. But once outside the restaurant, the men began to compare their savings.
‘I only got a dollar out of the $20,’declared the sixth man. He pointed to the tenth man,’ but he got $10!’
‘Yeah, that’s right,’ exclaimed the fifth man. ‘I only saved a dollar, too.
It’s unfair that he got ten times more than I got’ ‘That’s true!!’ shouted the seventh man. ‘Why should he get $10 back when I got only two? The wealthy get all the breaks!’
‘Wait a minute,’ yelled the first four men in unison. ‘We didn’t get anything at all. The system exploits the poor!’
The nine men surrounded the tenth and beat him up.
The next night the tenth man didn’t show up for drinks so the nine sat down and had beers without him. But when it came time to pay the bill, they discovered something important. They didn’t have enough money between all of them for even half of the bill!
And that, ladies and gentlemen, journalists and college professors, is how our tax system works. The people who pay the highest taxes get the most benefit from a tax reduction. Tax them too much, attack them for being wealthy, and they just may not show up anymore. In fact, they might start drinking overseas where the atmosphere is somewhat friendlier.

David R. Kamerschen, Ph.D.
Professor of Economics
University of Georgia

For those who understand, no explanation is needed.
For those who do not understand, no explanation is possible.

Obama‘s spread the wealth plan will not work.

Right wing extremists keep saying Obama is a far left president.

1.Obama is against Gay marriage.
2.Obama is more pro war most liberals are anti-war.
3,Obama didn’t care about the public option just like moderates.

OBAMA IS REALLY A CENTER MODERATE PRESIDENT.

Because they consider all Independents and most of the Republican party to be leftists. Consider their conviction that the media is left wing, their statements regarding judges appointed by Ford, Reagan & Bush to be left wing, and their pillorying many Republican congressmen who refuse to vote party line as left wing.

All democrats are far left leftists to them, as they have no depth perception. They describe every Democrat as far left, it is part of their rhetoric, an attempt to pretend they are remotely close to the center.

Before leaving for the G20 Summit in Toronto, President Obama praises Congress for moving forward on passing Wall Street Reform legislation that will help prevent future financial meltdowns, increase consumer protections, and maintain a robust private economy. June 25, 2010.

Duration : 0:4:47

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Technorati Tags: Congress, consumers, economy, finance, financial, G20, recovery, reform, Toronto, Wall Street

Mr. Obama has the uncanny ability to persuade people to cast off any common sense that they may have in order to follow him. He is absolutely brilliant. What personality type does Mr. Obama have? Is there a Pied Piper Syndrome listed in the medical community?

Like the character said in the film American Beauty, "Never underestimate the power of denial". It’s easier for many Americans to believe his BS rather than to think critically for themselves regarding how far this country has slipped from it’s founding principles.

Our citizens want easy answers, and Nobama offers them freely, often with no substance. Look at the latest example with the "cash for clunkers" program. Sounds good, but then the EPA changes the rules to disqualify more than 100 makes/models. Now we hear that the program will be cancelled because there isn’t enough money.

There sure was enough money when BILLIONS and BILLIONS were being doled out to fat cat corporations. But citizens come last in line. Get used to it fellow Americans……

Obama is weak on Israel and the Jewish hardliners are very wary of him and for good reason. How does Obama plam to handle the extremists/terrorist problem?

He would ask to have a sit down meeting with them, lol.

The President addresses the American people from the Oval Office for the first time on the ongoing Administration-wide response to the BP oil spill and America’s clean energy future.

Duration : 0:17:0

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Technorati Tags: barack, BP, Clean, Energy, Hole, Leak, Obama, Oil, Oval Office, president, Prime Time, Spill, White House

I’m investing in penny stocks right now in hopes that I can build some wealth in the future. LOL Sad but true. Anyway, is the Socialism pursued by President Obama limiting very small businesses from expanding and becoming successful in the future? In other words is President Obama preventing me from seeing dough in my penny stock investments?

his social agenda is good for everyone including business. if the people are taken care of and healthy they will do better at work

As a guest on The Ellen Degeneres Show, Barack shows off his dancing skills.

Duration : 0:1:25

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Technorati Tags: barack, dancing, interview, Obama, president, tv

Let’s face it he hasn’t done just about anything since he’s been in office but cause more mess. I actually voted for him thinking that he would "change" america but i am losing hope. Also, Blaming the Bush administration for Obama‘s spending and Obama’s poor choices isn’t cutting it anymore.

He also talks way too much on TV and is getting boring.

DO YOU LIKE HIM????????????????????????????

pERSONALLY, I DONT

No, but terrorists and dictators around the world do.