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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 MrBlastman on 1/30/2012 8:49:42 PM , Rating: 2
quote:
Okay I think that's being a bit...simplistic and unfair.


I'm going to reveal something I'm ashamed to mention--I work on/with Wall Street. I _know_ how corrupt these senior executives and directors are. I know this for a fact and have witnessed it first hand. Having grown up in a family involved in Wall Street for over thirty years, I've seen a lot and heard of a lot.

I have nothing against people with money. I have everything to be wary of when it comes to someone from Wall Street that held an executive level position.


RE: blah blah blah
By Reclaimer77 on 1/30/2012 9:46:36 PM , Rating: 2
I wouldn't be ashamed to mention that at all. Why should you be?

Anyway since your argument is based on personal experience and examples that I haven't shared or experienced myself, I can't comment. I just don't agree that "anyone" associated with Wall Street is automatically going to be a bad President.

Judging by Obama's failings, having someone that actually understands how Wall Street and our economy works might not be such a bad idea.


RE: blah blah blah
By MrBlastman on 1/31/2012 12:45:28 AM , Rating: 2
Well the biggest lesson I have learned is simple: You can't trust them and what they say. It's pretty bad walking around an office all day not being able to trust most of the people you work with. Sadly though, it is very much a truth.


RE: blah blah blah
By Spuke on 1/31/2012 9:45:45 AM , Rating: 2
I work for the federal government, I'm not ashamed and neither should you be.


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