Obama's call for change is hollow.........ex. 1 . his appointments like Timothy geithner and Larry sommers and Robert Rubin


Larry summers was one of the biggest chearleaders to repeall Glass-seagall act (which was enacted during depression to help regulate the amount of leverage banks could take on) Another FOX IN THE HENHOUSE!

Traitor to the public intrests, both of them (summers and Rubin) pushed to make sure the whole derivatives house of cards would not be regulated either.

Rubin's former employee's include Paulson and Geithner as well, there is no changing of the guard, and this time to ensure wall street's assets the stimulus will be bigger than those under bush. Obama will do the best he can to convince us he cares about us, while feeding wall street, he is just one man playing his role in a system rigged for the elite. Lets just hope that the foreigners buying are debt are as corrupt and (not acting in the intrests of the citizens of their country's) so as to keep financing america's credit as our deficit soars above a trillion. A big key will be ....does our dollar survive..."all the stimulus plans" as the world reserve currency ...........

Instead of OBAMA cracking down on Financial system looters and fox in the henhouse regulators, he is trying to guarantee the financial sector's assets, which are several times larger than America's economy. And he is throwing in some tax brakes to keep the social unrest down and BTW alot of that money may go to the banks via mortgage payments anyhow.

But how painful and hopeless may it be to admit that Obama was another B.S politician , even if his speeches tugged at our heart strings, and he could at least speak in public without stuttering like a bumbling idiot (GWB).

Irrelevant.

Obama will be new FDR and his administration and FED will just create Greater Depression.

PE Obama giving speech now...."Only the Government can...." and he has repeated the refrain several times. Is this to condition us to be dependent upon the government? Whatever happened to "...We Can!"?

Hey all,

I would just like to point out a small detail that may have been overlooked when we start talking about "Tax relief" and the reduction of taxes to business.

Firstly, I am a small business owner, so I have a particular insight to how taxes affect the small business. Secondly, I am an employer, so I see first hand the rude groping the federal and local governments apply to the average working person in their day to day cash flow.

Within a business, taxes are paid on "PROFIT". No profit equals no taxes. So a reduction from zero to zero isn't really going to do squat for any small business that is barely keeping afloat, or in a position of loss. Secondly, a business pays a percentage of overhead for each employee. Contributions to your social security, unemployment insurance etc are made on your behalf in addition to the amounts you see deducted from your paycheque.

These amounts are equal or greater to your deducted amount, but still do not contribute significantly to a business' ability to "float". Small business accounts for about 80% of all jobs in Canada, I think it's closer to 75% in the USA.

For the uninformed, profit is the amount generated beyond the cost of operating your business. If your a smart business person you will use that potential profit to increase your ability to remain competitive by advertising, improving your business or expanding your business. If you are not a smart business you will just pay tax on that money and collect the dividend. You get nothing in return for your tax money. (from a business perspective) You do get something in return when you "grow" your business.

In my younger years, I worked for an international bearing company. The bearings were manufactured in Japan, and "sold" to the local company (branch) Where they were resold to distributors etc. What Japan would do, is watch the sales very closely, and raise the price of the bearing at the manufacturing level to compensate for any potential profit. They would ensure that no more than 2% (ish) tax was ever paid on their sales. (and were talking BIG bucks here in sales) This is common in that industry.

Back to my original point, taxes are paid on profit, no profit = no tax. a 500$ or 1000$ return will do very little when stretched over an entire year for an individual or couple.

No I would like to point out that I do not run an American business, I am in Canada where things might be a little different. I don't suspect that things are all that different though as I deal with many American companies.

Thanks for reading.
..Ex