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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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This article is over a month old, voting and posting comments is disabled

By EchoSquared on 1/30/2012 9:19:49 PM , Rating: 2
Does it really matter who get's in? I know this sounds like conspiracy theory gunk, but aren't there really individuals at work here who manipulate things behind the scenes that we the masses never really see? And that no matter who is in power or elected in, these individuals (corporations) will see to it that their mandate's and will is pushed through?

Maybe the wool has been pulled over my eyes and I'm looking for stuff that ain't there but I get this definite sense, watching world events, that there is a mechanism at work here that is hell bent on the destruction of the middle class; depriving us of rights we used to hold dear by playing this oh so powerful fear card.

Where are the real Options to choose from to enact a change that really has the best interests of the people who make up these nations, at heart?

Where are the men and women who WILL NOT accept corruption at the highest levels of power to bring about a real rule of governing that benefits all with fairness and justice?

I dunno, I'm getting a little too passionate here and probably not saying much of substance.

Am I the only one that sees and feels the rise of corruption and greed in this world and that it is happening in the past decade at an alarming rate?




"Can anyone tell me what MobileMe is supposed to do?... So why the f*** doesn't it do that?" -- Steve Jobs














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