Your guessing, But let's hope you're right and it turned out that, as you say: whatever Obama "saves" by pulling out of Iraq or whatever he gains from taxes will be spent on the usual suspects: welfare, education, environment, health care, more government agencies/programs How nice that would be for a change, instead of borrowing billions to spend on killing people!
http://www.businessweek.com/bwdaily...7.htm?chan=top+news_top+news+index_best+of+bw Is Obama Good for Business? In the words of one consultant: "Business would have a seat at the table, but business wouldn't be able to buy all the chairs" On Sunday, Feb. 10, after he found out he'd won that day's Democratic Presidential caucuses in Maine, but before his appearance on CBS's 60 Minutes, Senator Barack Obama (D-Ill.) sat down at the keyboard of his computer to write an e-mail. Not to a media consultant or a delegate counter, but to banker Robert Wolf, CEO of UBS Americas (UBS). The two men exchanged notes about the Senate-passed economic stimulus package and that weekend's G-7 economic summit, Wolf says. A banker as Obama's pen pal? Hard to believe, given the senator's liberal image. But in between rallies and airplane flights on the campaign trail, Obama has also taken time to consult on the economy with billionaire Warren Buffett, whose support of rolling back the Bush tax cuts Obama often cites in his stump speeches. Obama has also been in touch with former Federal Reserve Chairman Paul Volcker, who endorsed the freshman senator in January. "When I sat down with him, I found him to be unbelievably refreshing and smart and thoughtful," says Wolf, who first met Obama at the offices of financier George Soros. The UBS chief has gone on to raise more than $1 million for the Obama campaign. The rest of Corporate America may not be persuaded as easily. After all, Obama is hardly a shoo-in for the C-suite set: He's got a scant three-year record on the national stage, and he wants to roll back the Bush tax cuts that benefit many of the people running big American companies. Plus, the U.S. Chamber of Commerce gives him the lowest rating of any of the three major contenders for the Presidency, behind Senator Hillary Clinton (D-N.Y.) and Senator John McCain (R-Ariz.). But Obama's sweep of the Feb. 12 "Potomac Primary" in Maryland, Virginia, and the District of Columbia makes him a very real contender for the Democratic Presidential nomination. Economic Agenda So what would an Obama Presidency look like for business? "It would be a pragmatic, center-left administration," says Democratic political strategist Steve McMahon, who is unaligned with a Presidential candidate this year. "He's been pretty clear that business would have a seat at the table, but business wouldn't be able to buy all the chairs." Obama's record in the Senate is thin, but it does hold some indicators of where he might go as President. Obama has sponsored bills backing a host of traditional Democratic causes, from union labor to alternative fuel to the earned income tax credit. In one move that was unpopular among business executives, Obama sponsored a bill to give shareholders a nonbinding proxy vote on executive pay. Obama voted for a free-trade pact with Peru that contained provisos to protect the Peruvian environment and Peruvian labor. That's popular stuff with the American left, but hard to take if you're a U.S. business owner who wants costs to stay low in your new Peru operation. And in a reflection of the Democratic Party's drift away from pure free-trade positions, Obama says he would look to amend the NAFTA trade agreement to add similar protections to the Clinton-era pact. After a tour of the Janesville (Wis.) General Motors Assembly Plant on Feb. 13, Obama plans to make a major speech laying out an economic agenda for the rest of the campaign, including details of his plan to restore "balance" to the economy and create millions of new jobs. Wisconsin holds its primary on Feb. 19. "Less Confrontational" Style But Obama has also taken several steps that aren't typical of his fellow liberal senators. He has stocked his Capitol Hill staff with employees whose résumés include McKinsey, the old Andersen Consulting, and other nonpartisan business advisory firms. He joined forces with conservatives on bills designed to improve ethics and transparency in Washington. He voted for a bill in 2005 that made life harder for trial lawyersâa traditional Democratic constituencyâby allowing defendants to shift cases more easily to federal court, which can be less favorable to plaintiffs. And he pushed an outside-the-box proposal that would help Detroit automakers pay legacy health-care costs on the condition they reinvest the subsequent savings into hybrids and other fuel-efficient cars. "His whole style of governing is less confrontational," says Bob Shrum, a long-time Democratic Presidential campaign strategist who's unaligned in 2008. During his earlier eight years in the Illinois state senate, Obama also posted a record leavened with both traditional Democratic solutions and more pro-business efforts. He backed long-touted programs like expanding the earned income tax credit for poor families and expanding enterprise zones to boost development in depressed areas. But he pushed for a technology development fund to recruit sophisticated companies to the state and for tax incentives to businesses. "He was as liberal as could be at times, but he still worked with us," says Jerry Roper, president and CEO of the Chicagoland Chamber of Commerce. "We'd talk on the phone, or I'd go see him. He's a good guy." Careful Streamlining Some of the names that might fill in the org chart in an Obama Administration are also telling. Obamaâwhose own father was a Kenyan economist with a PhD from Harvard Universityâhas cultivated a group of economic advisers. They're generally careful technocrats, and are led by University of Chicago professor Austan Goolsbee. Among the others: Jeffrey Liebman and David Cutler of Harvard and Christina and David Romer of the University of California, Berkeley. Goolsbee has shown a preference for making economic initiatives easier to understand and use, an effort Obama calls "iPod government." On the campaign trail, Obama and Goolsbee have crafted proposals to streamline government programs like the Medicare Part D prescription drug benefit, which Goolsbee feels is too complicated. Same with student loan applications and tax forms. Goolsbee says the distinction with Clinton is most evident in the candidates' plans to increase the personal savings rate. Obama would create an automatic 3% savings withholding from every paycheck that employees could opt out of if they want to. Clinton, on the other hand, proposes a targeted tax break to incentivize savings. The Clinton plan, says Goolsbee, "is what the playbook says to do. But the research says tax credits won't induce very many people to actually open savings accounts." A Good Business Partner? Still, business has traditionally preferred Republicans in the White House. In its most recent Senate tally, the Chamber of Commerce gave likely GOP nominee McCain an 80% favorable rating, compared with Clinton at 67% and Obama at 55%. Even worse for the two main Democrats, the National Association of Manufacturers rated both a zero, while McCain garnered 100%. Those grades haven't hurt Obama's fund-raising. As a candidate he has eschewed contributions from political action committees and federal lobbyists. Yet he's been able to rake in cash at a blistering pace of about $1 million per day from individual donors, largely over the Internet. That includes money from employees of old-line industries. According to the Center for Responsive Politics, top contributors to Obama in 2007 included donors from law firms, investment houses, and real estate companies. In total, the center's analysis shows that Clinton is somewhat more favored by business contributors than is Obama: Eighty-five percent of her donations came from donors affiliated with business, while only 80% of Obama's did. Obama is not business' candidate, but he may yet prove to be business' partner.
And this shows how ignorant you are. These programs are almost a total waste. Schools where kids can barely read get $1 million football fields and rooms full of computers where the kids chat and go to porno sites. Food stamp recipients eat better than upper middle class folk and buy steaks for their dogs (I've seen it). Illegals and those who have never held a job have all the "free" babies and medical care they want. And who pays for all this? ! Obama will most certainly steal from the productive and give to the have-nots-because-they-work-not.
Unfortunately, this has always been the DemoCraps schtick... and one which is playing better with an ever growing number of Americans.
Of course Buffett has no problem repealing the tax cuts. He only pays himself $100k/yr, and he NEVER sells berkshire stock. Plus, most of his wealth will be transferred over to the Gates Foundation tax-free, and the estate tax he ends up paying on the amount he leaves his kids will be a drop in the bucket for him. He doesn't care that rolling back the Bush tax cuts will affect millions of aspiring Warren Buffets because he'll hardly be affected!
Each generation has less drive and ambition, why bother when everything you ask for is provided for you by your credit-stretched-to-the-limit parents. Then kids and their parents demand the government do the same. Nephew doesn't like the things mommy and granny give him, so he ''loses'' it at school or breaks it until he gets the model to his liking, and they wonder why he will not finish school. Kids go out into the real world unprepared and can't believe life is so hard, they look to the government as they did their parents, they can't work a job to pay for college-just important things like several iPods and party money, they get a student loan, don't feel like paying back that loan, borrow for a house, don't feel like paying it back after a few years (can't believe they have to make payments for 30 years, why didn't anyone tell them about all those payments?), abuse their health, then they want free health care. The people want Change. They want what they are entitled to. They are in a rage of envy when someone has more than they do. Taxes gonna bring them down to their level. Ask not what your country..... Ask what you can do for yourself. Anything?
The DemoCraps campaign on the "discrepancy between the rich and the have-nots", and how "it's not fair". MOST of the rich are so BECAUSE THEY DID SOMETHING! America never promised financial equality. America never "guaranteed you a living" (though a pretty good one has been given)... America has always been "the land of opportunity... for those who WANT to make something of themselves and who make the appropriate effort"... still true today. With all of our economic fascism and taxes, it's admittedly difficult for most people to become rich. But it's not impossible, and the Gummint does not by policy prohibit it.
This is just not true, brother. Most of the rich are so because their parents were rich. And most who are poor had poor parents. There is only a small percentage who make the transition from poor to rich, and even fewer who transition from rich to poor. The world has been like this since the beginning of civilization and will not be changing anytime soon no matter who is elected to any office. I am not saying I agree or disagree with any politics here, just pointing out this fact.