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  (Source: Getty Images)
Google is a close ally of the President and he's not above plugging it's social network

President Obama is perhaps the most technology-savvy president to date.  While the POTUS (President of the United States) has made plenty of controversial stands [1][2][3] over his presidency, he has made some changes that should be unilaterally welcomed and commended, such as the We the People White House webpage [press release], which allows citizens to create petitions directed at the White House and Congress.

The President has a special love for Google Inc. (GOOG), whom he appointed his official "video secretary".  Aside from broadcasting State of the Union addresses on YouTube, something that would surely give the Founding Fathers cause to chuckle, and pushing legislation via YouTube, he's also gotten into Google+ of late.

Google+ is Google's social network rival to the ubiquitous Facebook.  Unlike the Facebook's privacy-be-you-know-what policies, Google+ focuses on discretely sharing content with select circles of friends.

Today at 5:30 President Obama will host a "hangout" answering questions he's received in the past couple weeks on his YouTube channel.  

Google+ Hangout
A Google+ Hangout [Image Source: webbROI]

The President promises to answer the top rated questions, but the chat will likely provoke controversy, if previous chats on Facebook, Twitter and YouTube are any indication.  In those prior sessions some accused the President of dodging the highest rated questions -- many of which were admittedly "tough" -- instead cherry-picking "layup" questions that were easy to answer and/or made him look good.

The President's support of Google also raises some eyebrows given Google's clever use of the "Double Irish" and "Dutch Sandwich" (legal) tax evasion strategies, funneling money through Ireland, the Netherlands and Bermuda, courtesy of federal loopholes, to avoid paying federal income taxes on its profits.  These strategies reportedly saved Google $1B USD in 2011 and cut the company's effective tax rate to 18.8 percent, far less than the standard 35-40 most small businesses pay on earnings.

Google officially raised almost a million dollars for the President's election bid.

This follows in the line of other key corporate friends of the President, such as General Electric Comp. (GE) -- a more extreme tax evader who made $14B USD in profit in 2010, yet received a tax refund of $3.2B USD back from the federal government.  Obama appointed GE CEO Jeff Immelt to lead his jobs board -- which helps decide federal tax policy -- also in 2010.

Obama also appointed John Doerr and (Intel Corp. (INTC) CEO) Paul Otellini to his jobs council -- both of whom are board members at Google.

Google is known for its informal corporate motto "Don't be evil."

Sources: Google+, Bloomberg, CNN



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RE: It's VERY easy to take a defeatist attitude.
By GotThumbs on 1/30/2012 7:03:53 PM , Rating: 2
I would suggest you look closer at each candidate. While there is no perfect person, I would suggest you look for someone that somewhat aligns with your feelings/approach. While I don't agree with Newts religious side, I do agree with his realistic views on how to address the current 11 million illegals as well as how to spark economic growth in this country. I feel companies should not be taxed as high, they will then bring jobs back to the US and create new jobs as well. I don't think it will just be manufacturing either. The US gets tax revenue from employees working for US companies. I don't want to stifle a companies growth, because as they grow and employ more people....then those people pay income taxes. Also, company growth...allows dividends to be paid....which is then taxed as investment income.


RE: It's VERY easy to take a defeatist attitude.
By Spuke on 1/31/2012 9:54:51 AM , Rating: 2
quote:
I would suggest you look closer at each candidate.
Yes, that's EXACTLY what I need to do! LOL! I've looked closely at the candidates and with the exception of Ron Paul, they're just rehashes of the same ole same ole. The candidate that best represents me does not exist and will never exist as long as we blindly follow this silly two party system.


By Reclaimer77 on 1/31/2012 9:59:13 AM , Rating: 2
So unless the perfect human being appears that best represents you and only you, everyone is the "same" and nobody is worth voting for.

Okay...


"A politician stumbles over himself... Then they pick it out. They edit it. He runs the clip, and then he makes a funny face, and the whole audience has a Pavlovian response." -- Joe Scarborough on John Stewart over Jim Cramer














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