Posts Tagged ‘obama and wallstreet’

OBAMA MAKES BP RICHER FOR PUNISHMENT OF GULF CRISIS

January 15, 2011

Subject: Who Was the Smartest Man In The Room?
 
It seemed like a miracle that our Child 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, therefore, he had to resort to Chicago-style negotiating. We all know what that is.
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 billiono Tax savings $7 billiono Net favorable cash flow: $7.5 billion
US Treasury Tax Receipts:o from BP Corporate income tax …. minus $7.5 billiono from BP Shareholders’ income tax ….. minus $0.45 billiono Net loss of US dividend income tax receipts ….. minus $3.0 billiono 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 with absolutely no executive or business experience. None.
Did he “Kick ass”, or did he get “Sucker Punched”?  Should Obama be allowed to negotiate anything dealing with money or 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’, to quote him.
In reality, BP executives are laughing at him, and kicked his ass.   He is in WAY over his head when he starts dealing with savvy business people. They consider him, easy pickings.
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WALL STREET ON OBAMA WELL WORTH THE READ

September 18, 2010

Well worth the read! 

 
When injustice becomes law, resistance becomes duty.
                                                                ~Thomas Jefferson~
This is from the Wall Street Journal which makes it even more interesting. They were once in his camp.

         Wall Street Journal Sizes up Obama – They’ve Got Him Figured Out
 
 
         A short article from the Wall Street Journal that needs to be read by every level headed American!!!
 
A “deadly” article regarding Obama, at the Wall Street Journal, which today is the most widely circulated newspaper in America ..
 
 
 Article from the Wall Street Journal  –  by Eddie Sessions:
  
 “I have this theory about Barack Obama. I think he’s led a kind of make-believe life in which money was provided and doors were opened because at some point early on somebody or some group took a look at this tall, good looking, half-white, half-black, young man with an exotic African/Muslim name and concluded he could be guided toward a life in politics where his facile speaking skills could even put him in the White House. 
  
 In a very real way, he has been a young man in a very big hurry. Who else do you know has written two memoirs before the age of 45? “Dreams of My Father” was published in 1995 when he was only 34 years old. The “Audacity of Hope” followed in 2006. If, indeed, he did write them himself. There are some who think that his mentor and friend, Bill Ayers, a man who calls himself a “communist with a small ‘c'” was the real author. 
   
 His political skills consisted of rarely voting on anything that might be deemed controversial. He went from a legislator in the Illinois legislature to the Senator from that state because he had the good fortune of having Mayor Daley’s formidable political machine at his disposal. 
   
 He was in the U.S. Senate so briefly that his bid for the presidency was either an act of astonishing self-confidence or part of some greater game plan that had been determined before he first stepped foot in the Capital. How, many must wonder, was he selected to be a 2004 keynote speaker at the Democrat convention that nominated John Kerry when virtually no one had ever even heard of him before? 
   
 He outmaneuvered Hillary Clinton in primaries. He took Iowa by storm. A charming young man, an anomaly in the state with a very small black population, he oozed “cool” in a place where agriculture was the antithesis of cool. He dazzled the locals. And he had an army of volunteers drawn to a charisma that hid any real substance.  
  
 And then he had the great good fortune of having the Republicans select one of the most inept candidates for the presidency since Bob Dole. And then John McCain did something crazy. He picked Sarah Palin, an unknown female governor from the very distant state of Alaska . It was a ticket that was reminiscent of 1984’s Walter Mondale and Geraldine Ferraro and they went down to defeat.
  
 The mainstream political media fell in love with him. It was a schoolgirl crush with febrile commentators like Chris Mathews swooning then and now over the man. The venom directed against McCain and, in particular, Palin, was extraordinary. 
  
 Now, nearly a full 2 years into his first term, all of those gilded years leading up to the White House have left him unprepared to be President. Left to his own instincts, he has a talent for saying the wrong thing at the wrong time. It swiftly became a joke that he could not deliver even the briefest of statements without the ever-present Tele-Prompters. 
  
 Far worse, however, is his capacity to want to “wish away” some terrible realities, not the least of which is the Islamist intention to destroy America and enslave the West. Any student of history knows how swiftly Islam initially spread. It knocked on the doors of Europe, having gained a foothold in Spain .
 
 The great crowds that greeted him at home or on his campaign “world tour” were no substitute for having even the slightest grasp of history and the reality of a world filled with really bad people with really bad intentions.
   
 Oddly and perhaps even inevitably, his political experience, a cakewalk, has positioned him to destroy the Democrat Party’s hold on power in Congress because in the end it was never about the Party. It was always about his communist ideology, learned at an early age from family, mentors, college professors, and extreme leftist friends and colleagues. 
   
 Obama is a man who could deliver a snap judgment about a Boston police officer who arrested an “obstreperous” Harvard professor-friend, but would warn Americans against “jumping to conclusions” about a mass murderer at Fort Hood who shouted “Allahu Akbar.” The absurdity of that was lost on no one. He has since compounded this by calling the Christmas bomber “an isolated extremist” only to have to admit a day or two later that he was part of an al Qaeda plot. 
  
 He is a man who could strive to close down our detention facility at Guantanamo even though those released were known to have returned to the battlefield against America . He could even instruct his Attorney General to afford the perpetrator of 9/11 a civil trial when no one else would ever even consider such an obscenity. And he is a man who could wait three days before having anything to say about the perpetrator of yet another terrorist attack on Americans and then have to elaborate on his remarks the following day because his first statement was so lame. 
 
 The pattern repeats itself. He either blames any problem on the Bush administration or he naively seeks to wish away the truth. 
   
 Knock, knock. Anyone home? Anyone there? Barack Obama exists only as the sock puppet of his handlers, of the people who have maneuvered and manufactured this pathetic individual’s life. 
  
 When anyone else would quickly and easily produce a birth certificate, this man has spent over a million dollars to deny access to his. Most other documents, the paper trail we all leave in our wake, have been sequestered from review. He has lived a make-believe life whose true facts remain hidden. 
   
 We laugh at the ventriloquist’s dummy, but what do you do when the dummy is President of the United States of America ?”

Well worth the read! 

 
When injustice becomes law, resistance becomes duty.
                                                                ~Thomas Jefferson~
This is from the Wall Street Journal which makes it even more interesting. They were once in his camp.

         Wall Street Journal Sizes up Obama – They’ve Got Him Figured Out
 
 
         The question of the day is now that we have this  little liberal socialist commie pig figured out what are we going to do about this injustice in our country and our white house? Hell  I am not even convinced he is a citizen of the USA that in itself is worth jail time for impersonating a citizen of the USA  making false statements to this effect. We have had a lot of dumb politicians in this history but Obama is either the dumbest president ever as his policies are of the most destructive in nature or he is the smartest president ever as his intentions have always been destructive and even knowing so we still elected him so shame on us .We have now broken the race barrier to ease the racial tension in the country only to find ourselves only seconds from doom with a threat of destruction from Islamic radicals assisted by our own president as he dismantles this once great nation piece by piece.Obama’s destruction of the economy is working he is winning the battle.