Obama says he's a 'pretty good president' -- do you agree?

ROFLMYAO

Really?.. It seemed like a miracle that our President was able to convince BP to
establish a $20 billion escrow fund to compensate those hurt by the oil
plume in the Gulf of Mexico . After all, he had no constitutional power to
force them to do so; so had to resort to Chicago-style negotiating.

Ever wonder why BP made the concession so quickly?

Take a closer look at the effect on BP's finances for the answer:

1. BP will establish a $20 billion fund, but will pay only $7 billion into
it during 2010.

2. BP is a British corporation, but has a very large operating entity in the
US . However, only about 30% of its income is derived from the US.

3. By Generally Accepted Accounting Principles (GAAP), BP must book the
entire $20 billion expense in the year accrued. Therefore, they will book a
$20 billion expense in 2010, reducing their US tax liability by $7 billion.

4. The President also convinced this massive corporation to show their
concern for the "small people" by withholding dividends to their
shareholders for the last 3 quarters of 2010. This reduces their outward
cash flow by about $7.5 billion, including approximately 40% of that amount
to US citizens. If the Bush tax cuts survive through 2010, the US Treasury
will lose another $450 million in taxes on that amount. No need to even
discuss the effect on the US economy.

Now, let's summarize the results into bullet points easily understood by
all.

BP Cash Flow:

o Escrow funding ($7 billion)

o Dividend saving $7.5 billion

o Tax savings $7 billion

o Net favorable cash flow: $7.5 billion


US Treasury Tax Receipts:

o from BP Corporate income tax .... minus $7.5 billion

o from BP Shareholders' income tax ..... minus $0.45 billion

o Net loss of US dividend income tax receipts ..... minus $3.0 billion



o Total tax receipts loss: $10.95 billion. A huge hit!

Many feared this would happen. After all, our President was the most
inexperienced man in the room.

Did he "Kick Ass", or did he get "Sucker Punched"? Or, is this another
'backroom deal' Obama negotiated which will ultimately get him a huge
financial 'plum'? Should Obama be negotiating anything dealing with money
and finances at all?

Bottom line: The $20 Billion BP is putting up will create a $7.5 Billion
positive cash flow for BP this year and a $10.95 billion loss to our
Treasury.


But, Obama actually thinks he really did something special and "kicked ass'.

In reality, BP executives are laughing at him and kicked his ass. He is in
over his head when he starts dealing with savvy business people.

He's not horrible, but "pretty good" is not how I would describe him.

Hes a fuckin piece of shit.

Let me make this clear.

When I take a shit in the morning and go to wipe my ass I see his face on the toilet paper.

Agree. Not just 'no!' but 'HELL NO!!'

Yea right, he's good at using taxpayer money to campaign. I am quite sure the job description of President of the USA does not involve constant travel to campaign for his party. He needs to stay at the White House and do the job is being paid to do.

I both agree and disagree with your statement above.

George Soros, Kissinger and a few others groomed Obama for this position since his college days. He was chosen for this position at this particular time, as a distraction causing racial and religious divide.

I can also prove that elements of the Bush regime even sponsored Obama during his rise to power.. They all knew he would be elected(including Obama, err Soetoro, himself).
(Look at the sponsor names on Obama's childhood statue in Kenya, first name on the list. Former Bush Sr. Advisor, Rudy Pesik. Also worked with Kissinger)
[link to www.cacci.org.tw]

Most images have this part of the statue obscured from sight. It's on the left side of the statue if facing it.

Search for "Obama Statue Kenya"

Here is just one reference for you:
[link to notenggakpenting.blogspot.com]
Here is a description of the statue:
"Supported By: Rudy Pesik, Mien R Uno, Judith Soeryadjaja, Hasyim Djojohadikusumo, Prananda Surya Paloh, Norman Chen, Benny Suyudono, Adisatrya Sulisto, B Chanel (Television), Pertners For Compassion". Lalu di sisi kanan tertulis: "Dedicated To The Children Of Indonesia By: Governor Fauzi Bowo, Friends Of Obama Ron Mullers, Dalton Tanonaka, December 10, 2009". Sedang di sisi belakang tertulis: "The Future Belongs To Those Who Believe In The Power Of Their Dreams".

Check some of the other names on that list out..


But you are correct, Obama's changes are really unimportant. The powers that be are making changes, behind the scenes, as the circus entertains the masses.

Hillary Clinton is exactly where she, and the establishment want her to be.. She holds a very powerful position, and pretty much travels all over the world without any media attention. I am sure Billy boy travels along with her on many of these trips. Who would know? The Clintons and the Bush family are working hand in hand, whether you wish to believe it or not..Along with other, more powerful elements.

Obama is just a distraction from the regular business of the orchestration of the coming NWO. America will collapse and enter a One World Government.. The collapse will be blamed on a Muslim sympathizing, radical socialist. While the Nazis that have infiltrated our Government continue with their crimes against the people.

George H.W. Bush warned you that this day was coming back in 1991, Sept. 11th to be exact..... But everyone really failed to listen:
[link to www.youtube.com]

It's here now, and it's going to get ugly.. Obama matters not one bit!

oops double post.

I would be but...

He's doing as good as the last chump and the one before him and so on. Puppets.

FUCK NO! Keep smokin' that crackpipe dude!

He's an utter dunce, nothing but Nero meat

But that would make sense? And as long as no one holds him and others accountable...It Will Always Remain The Same.

The TARP fund was another R-CON hand-out to big banks,they never dreamed of paying it back.(oBama put his foot up their ass,most of the funds have been recovered). After the neo-cons(2003) privatized student loans the interest rate went from 2 to 3% up to 7 to 8%. oBama tried to do something about that,but the R-CONS bitched and bitched.oBama did get the HOPE fund raised from $1800 to $2500 and extended from 2 years to 4 years to help students.oBama has did more than any other POTUS to protect the border.Sent100's of air craft 1000's of boots on several drones.ON AND ON. YOU MORONS FALLING FOR THE ELITIST AND CORP. PROPAGANDA BRINGING A END TO THE MIDDLE-CLASS, LMAO, It's now easy to see how HITLER controlled the masses. LMAO

You like Obama? He is an utter failure and is killing America

Obama's rapid misallocation of capital towards failed banks was a death blow to America as we know it. There is no sense whatsoever is handing money to people who PROVE THEY CAN'T RUN A BUSINESS while starving capital from those who have proven they can run a business.

Under Obama, the Fed has been granted more power and have completely destroyed the capital markets with manipulation. The only game now is frontrunning the Fed and retail investors have been net sellers for months now. The capital markets are how companies are built and jobs come from companies. Under Obama's economic hit team, they are a shell of their former selves.

Can't say enough bad things about Obama from a financial perspective.

Don't get me started on the loss of freedoms under this shit hole eating mouth piece mother fucking Satanic (fill in the blank)

****POST DELETED*****

Do you also sniff the paper.hahaha

Well he did lower taxes for 95% of Americans.

That's pretty funny, show me some proof..

I have a Jr. and Sr. in Graduate school. obama extended the HOPE FUND to 4 years and raised it from $1800 to $2500. 2 x $2500=$5000. Plus the $800 working family deduction. I got $5800 back on my 2009 taxes that i didn't expect.My wife's GRANDDAD died 3 mos. ago it looks like my in laws will pay little on 16 million that is in his estate.

Schizophrenia?

Sorry but your personal word is not proof..

You Fail!

Obama is outta here!

DON'T forget your helmet, Helmut!!!

Oh bullshit! It's not We The People who think the presidency holds unlimited authority, it's OBAMA that believes that, and he has been working hard to ensure he gets that unlimited authority through instituting Czars and throwing fits like a little 2 year old when things don't go his way.

The freaking imbecile can't handle the job, thinks he should have a free ride and the privilege of sitting on his ass watching ESPN, playing golf, going on extravagant vacations, seizing private industry, and believes he is above rebuke.

I HATE the SOB! And there aren't many people I hate! I even hate him more than I hate Bush, and that says ALOT!

Not most..just you.

youll be right then,fuck everybody else hey,this wouldnt be part of the problem at all would it,bet they wont do anything with it but make sure they bring more lazy assholes into the world that wont have to earn their right to be here