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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: blah blah blah
By GotThumbs on 1/30/2012 7:15:16 PM , Rating: 1
I think Newt is trying to show that he will be a president that will work to bring both sides to the table...

so they can actually accomplish something positive...rather than cram some piece of legislation through...that still needs lots of adjustments.

I'm speaking of the "Health Bill". Obama was a fool to consider what other nations have built (Canada, UK, etc). While no system is perfect,... requiring people to BUY insurance has to be the lamest solution possible. While there are problems with Canadas system...It is true that EVERY CANADIAN has healthcare. You can't say that even now in the US. I would have like to see a slow move towards national health care...extend medicare's reach..to cover anyone whose employer does not provide coverage. There would be tax incentives for companies that do. Also, a national sales tax (2-3%) that would solely support the national program. Even illegals and tourists would be contributing towards it. If a person is laied off...whose employer provided insurance...they would then have access to the national system. But only in that case. We're not eliminating insurance companies, just building/fixing the current social healthcare program. Also, to meet the needs for more doctors...a federal medical scholarship...pays for a doctors schooling...as long as the student meets scholarship guidelines...(No D students, etc) and in exchange...they work for the Federal health care system for 10-15 years....as a reasonable salary of say 250,000 yr.


RE: blah blah blah
By GotThumbs on 1/30/2012 7:18:16 PM , Rating: 2
I meant....fool NOT to consider.

Need edit feature Please


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