Does Obama make the future brighter for your business and the world?
Now that the new president elect is making himself comfortable in the White House, we would like to know how small business owners feel about the future under his leadership?
Will your business flourish under him or get hurt by new taxes? Will he end up making a positive impact on the nation and the world?
Replies to This Discussion
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Permalink Reply by cynthia on -
Susanne while we are all entitled to our opinions yours is one that behooves me. He has property in Chicago, a resident in Washington, DC and he just resigned as a a US Senator to hold the highest office in the world. There is something wrong with our system if that was an issue and has been overlooked. I dont think so. A birth certificate please get real and answer the question.
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Permalink Reply by Karen Leep on -
This might help some of you understand the way our tax laws are set up.
Suppose that every day, ten men go out for a 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!
''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 (the richest) 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, boys and girls, 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.
For those who understand, no explanation is needed.
For those who do not understand, no explanation is possible.
David R. Kamerschen, Ph.D.Professor of Economics University of Georgia
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Permalink Reply by solcarina on -
In seeing how everything is relative to everything else and that no view is fixed and certain, there is a new ability to just
“wait and see how things unfold,” and to appreciate and allow the contradictions and paradoxes of life to be as they are.
Life no longer need to be as predictable and certain. But I believe he will do a great job.
Do you know that every Saturday you can see him at:
Obama’s YouTube-place, and on his official net place
Change.gov under
«your weekly address».
He will use the same methods as: Franklin D. Roosevelt «fireside chats» on the radio.
You can read all information and news about his life on: Wikipedia, the free encyclopedia.
I wish you all the best as always.
Sending love and light,
Solcarina
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Permalink Reply by Carol Ellison on -
I truly and prayerfully believe that not only will "I" prosper from President Obams's
presidency....our country and the world will also prosper!
It just feels like God is leading this great man!
Carol Ellison
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Permalink Reply by Lori Denny on -
As a small business owner, I feel that we will be able to have access to opportunities under the Obama adminstration that were not available under the Bush administrations. I think the claims of higher taxes were threats thrown out there by opponents to Obama and are baseless. It will take time to see how Obama's planned policies work through, but the basis of his goals and objectives are meant to assist America's small businesses, which are the backbone of our economy. I believe he will end up making a positive impact on the nation and the world.
Lori Denny
http://www.sta.rtup.biz/profile/LoriDenny
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Permalink Reply by Jeff on -
There is absolutely no way to know. We have no reason to believe anything he campaigned on will be enacted. What we do know is that he is likely to be given more slack by the global media and Congress in his first year than any new President in modern history. I say this without sarcasm, and I believe it is a good thing, a huge opportunity for him and the country. He's going to be President, let's give him a chance to prove himself. If he has managed not to drink his own Kool-Aid, those who didn't vote for him may be pleasantly surprised.
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Permalink Reply by Daniel Hogan on -
I believe being double taxes as a corporation and individual will hurt me but there is nothing I can do but lay people off.
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Permalink Reply by Jose Damaso Ramon on -
We have to welcome the new experience of having a President who is confronting great challenges with a different mindset to the one we were used during the past 8 years.
The confidence of having a large popular support is spreading to the population in general and that is good for business.
The rescue package for the Auto industry is a step in the right direction and let a lot of people to think creative and eliminate the frustration and skepticism created by the collapse of the banking and investment corporations.
That confidence is good for anybodies business.
I just Tweeted a comment about accountants, poor minded and casino minded people who are terrible advisers for anybodies business.
Jose Damaso Ramon
http://www.josedwwwebsite.com
Jose Damaso Ramon
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Permalink Reply by Neal Varrette on -
It is not just about Him making a postive inpact, we must get behine him and help make that postive inpact on business and our nation also. And to the person talking about taxes, what postive inpact have U made ?. We are good at talking about a problem, now let's see about solving the problem.
Have a nice day.
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Permalink Reply by Bill Wright on
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Wandering down through the answers thus far, we seem to have every nuance from Obama The Savior to Obama the Anti-Christ. Gotta love free and open expression...
Don't know that I have a strong conviction one way or 'tother. Or maybe I sorta give it a Teveyev "on the one hand, on the other hand analysis."
If a business is, directly, a consumer driven business and the Obama/Congress policies help drive the short-term economy to higher consumption then those companies will do nicely. If not, poof. If the company is a more a capital goods or intermediate goods producer and the policies do not favor capital formation...poof.
I would LOVE to see a plan to pull 50% to 75% of the US companies OUT OF PUBLIC ownership or in some way insulate the company from "owners" who demand month to month and quarter to quarter profitability. The ability of companies to invest in long term payout projects and research has been destroyed by the folks who demand nano-second results...institutional investors...CALPERS is one that comes to mind...
Don't know if private companies are more or less effective at long term profitabilty based on long term application of research and development. And maybe they are not. I would suspect, though, they take a better shot at it...
Bill
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Permalink Reply by Bob Goggins on -
I think he can only help, with the republicans only wanting to save the executives of Banks and letting the Detriot 3 go under. I sell Real Estate for living and I have a friend that owns a car dealership we both decide that paying taxes are not a bad thing. We both are having a year where we will pay very little in taxes, That has nothing to do with anything other then you make no money you pay no taxes. Taxes mean income, income = sales and sales = equal jobs in America not jobs in the republican's favorite overseas country. It would not surprise me that if President Bush does not push for relief for the Big oil because price has dropped to below $60 a barrel. Give me Higher Taxes because the only way I will have to pay them if I am making more then $250,000 year. Which to President Bush and the rest of the republicans PAC friends is maybe a Months wages.
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Permalink Reply by Kelly & Brooke Sullivan on -
Any time you take more power/money from the people and put it in the hands of government to "spread the wealth around" or for any reasoning that's a very bad and dangerous thing. Our great country was founded on the exact opposite principles and our constitution was written very carefully and intentionally to protect our INDIVIDUAL liberties and rights. Check both the existing and upcoming presidential policies against our wise Founding Fathers' views and you'll find your answer as to what's good for our country as well as our businesses.
Those who will give up liberties in the name of security deserve neither and will end up losing both. Samuel Adams
It is up to us to determine how we will "set the sail" as Jim Rohn says and prosper in our businesses, but let us not forget that freedom isn't free and we must be diligent in protecting and demanding our personal liberties and freedoms from all public servants and at all times.
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