What will difference will President Obama Make?

In 72 hours Senator Obama will be chosen as President of the United States.

For me personally and Millions of others I feel a new era could be upon us, he seems to move aay from the previous 40 years of inward looking presidents that think everything starts and ends at the borders. So what big differences will he make?

Peace in the middle east?
Brining Iran onside?
Iraq? Afganistan?
What will this mean to African Americains?

From what I have seen on the BBC, CNN and others, if the world was voting it would be a landslide for obama, they did a poll in France and 97% would have voted him in!!!

Your thoughts?

Michael

 

[Speedymail]

First things first Obama winning is not done and dusted. Ever heard of the Bradley effect? If not look it up.

Secondly all due respect but Obama is not Jesus. He has NO EXPERIENCE at this level.

Your post is slightly comical in it's fawning. Peace in the Middle East? You must be joking.

I for one am not letting the media brainwash me into thinking what they want me to think.

Lastly, America isn't France (they pretty much hate each other) and all due respect but would I be considered racist for saying what difference it would make to other races should Obama win?

 

[KidsBeeHappy]

Do you think they'll really do it. After all, this is the country that RE-ELECTED Bush?

 

First things first Obama winning is not done and dusted. Ever heard of the Bradley effect? If not look it up.

Secondly all due respect but Obama is not Jesus. He has NO EXPERIENCE.

I for one am not letting the media brainwash me into thinking what they want me to think.

Lastly, America isn't France (they pretty much hate each other) and all due respect but would I be considered racist for saying what difference it would make to other races?

Firstly I do know what the Bradely Effect is thank you.

Secondly Obama is closer to the colour that jesus would have been than any picture I have ever seen in any book/poster/Cross so who knows if he is not the second coming!!!!

It is all over, I caanot see the bradely effect being so large to knock him out of the white house.

If in the unlikely event he does not get in then the US canlook forward to an economic slowdown they have not experienced since the 1920's.

One thing I cannot stand about Mc Cain is this hero stuff, He got caught and was out of the war for most of it,why does thamke him a hero, did he escape saving comrades on his way out? that would make him a hero, not being shot down and caught!!

 

[Cornish Steve]

He's going to kill the US economy and make life very very difficult for small business. Since this is a business forum, this is what I'm dreading.

http://www.ukbusinessforums.co.uk/forums/showthread.php?t=85450

 

[Dragon Media Group]

First things first Obama winning is not done and dusted. Ever heard of the Bradley effect? If not look it up.

Secondly all due respect but Obama is not Jesus. He has NO EXPERIENCE at this level.

Your post is slightly comical in it's fawning. Peace in the Middle East? You must be joking.

I for one am not letting the media brainwash me into thinking what they want me to think.

Lastly, America isn't France (they pretty much hate each other) and all due respect but would I be considered racist for saying what difference it would make to other races should Obama win?

Erm, only those looking for re-election to the Presidency have experience at that level, so Obama is on an even footing with his competitor.

Racist? Im not sure, I don't really understand what that sentence is supposed to mean? Are the words all in the order they should be?

It is certainly not a certainty that Obama will win, although it does seem likely. I have been watching with interest the build up to the election, and have had a lot of fun debates with a fiercely Republican girl I know from North Carolina. If I were American Obama would get my vote.

 

[Speedymail]

Keeping this relevant ot the forum, during the infamous Joe the Plumber incident Mr Obama himself admitted his tax policies were at odds with small businesses which turnover more than $249,000, of which a good few of the posters here would fall into.

His team and related media then did an absolute hatchet job on Joe, but the fact still remained that Obama's taxation policy for SME's is not in the interest of the business owner.

Daragon, semantics semantics. You know full well what I meant but good effort for trying to spin out the Democrat plaster for his complete lack of senate experience FULL STOP. He has spent more time campaigning for President than anything else at Senate level. To say goverment experience is only relevant at Presidency running level is absurd.

 

just to make another point, i never said he would get peace in the middle east, it was clearly a question i was putting to people, and also I am more than aware of the politics between France and The US, again I was making a point of the support Obama has even in a country so anti-american. May I suggest you read thoroughly next time.
The only statement I have really made is my absolute confidence he will win and that is my choice, by all means pour scorn in 72 hours if i am wrong.

 

[directmarketingadvice]

Keeping this relevant ot the forum, during the infamous Joe the Plumber incident Mr Obama himself admitted his tax policies were at odds with small businesses which turnover more than $249,000

Really? Turnover? Not profit?

Daragon, semantics semantics.

Not really.

What's McCain ever led? (apart from a campaign that's falling apart)

Has he shown a cool head under pressure and good judgement? Or has he been erratic and irresponsible?

(suspending his campaign, picking Palin)

Neither of them has experience where it counts. But, personally, I'd be more worried by McCain's personality/mental stability than Obama's youth.

Steve

 

[Simon-M]

Whoever gets in will be just more of the same packaged in a different way.

 

[An Oasis]

Well he has shown that he's totally ruthless, nobbling his gran like that.

 

[vision25]

In 72 hours Senator Obama will be chosen as President of the United States.

For me personally and Millions of others I feel a new era could be upon us, he seems to move aay from the previous 40 years of inward looking presidents that think everything starts and ends at the borders. So what big differences will he make?

Peace in the middle east?
Brining Iran onside?
Iraq? Afganistan?

Don't be daft. Taxation will go up for everyone and the govt will become even more authoritarian than it already is.

What will this mean to African Americains?

Welfare programs will be extended which means more blacks will be condemned to the gutter with no means of escaping their poverty.

Just think, in fifty years time America will no longer be a super power, it might not even be a regional power if present trends continue.

 

[Red Eye Media]

Just to put another angle on it.
It's all completely out of our control. A man with that sort of power should be voted in or out by the people the choice will effect don't you think?

It will effect all of us but we are powerless to choose.
We have to put our trust in Americans to make this choice and I for one wouldn't trust the majority of Americans with a stick of gum.

Right or wrong?

 

[Dawg]

Whatever his policies, and ignoring how much those policies will be changed and restrained by events and practicality, the mere fact that a black man will be elected President of the USA will change the perceptions of millions of Americans, and billions of non Americans in a positive way.
There will be a message that 'any American can become President', there will be a message that the anglos are not totally in charge any more, and there will be a message that being called Hussein is not a stigma. These messages are important and whilst not concrete in terms of dollar value, will be a fundamental brand realignment of USA Inc.
This I think will be the vastly most important change, and lets hope The Big O handles it well, without succumbing to suggestions from the idiotarians of either side.

 

[debbidoo]

Whatever his policies, and ignoring how much those policies will be changed and restrained by events and practicality, the mere fact that a black man will be elected President of the USA will change the perceptions of millions of Americans, and billions of non Americans in a positive way.
There will be a message that 'any American can become President', there will be a message that the anglos are not totally in charge any more, and there will be a message that being called Hussein is not a stigma. These messages are important and whilst not concrete in terms of dollar value, will be a fundamental brand realignment of USA Inc.
This I think will be the vastly most important change, and lets hope The Big O handles it well, without succumbing to suggestions from the idiotarians of either side.

Fantastic post Dawg

 

[Speedymail]

Really? Turnover? Not profit?



Not really.

What's McCain ever led? (apart from a campaign that's falling apart)

Has he shown a cool head under pressure and good judgement? Or has he been erratic and irresponsible?

(suspending his campaign, picking Palin)

Neither of them has experience where it counts. But, personally, I'd be more worried by McCain's personality/mental stability than Obama's youth.

Steve

Sorry that was a typo from me. What do you think about that little tax though? Why not address the issue instead of trying to smear and negate.

Ooop then again that's been the democrat way of "campaigning" all along hasn't it?

What's McCain ever led, lol all I'm going to say to that insult of a question is that he spent more time as a POW than Obama has in senate.
Tell me what Obama has done, not try to palm the question off.

When did he suspend his campaign? News to me. Palin, I love the way yet again the left smear and denigrate. The woman YET AGAIN has more governing experience than Obama. All the Obama supporters can point to is some non even like the birth of a granddaughter.

So let me rephrase what you ended on there, you'd rather trust someone who is completey inexperienced at even lower and mid government level because of "mental instability". What has McCain gone gun wielding around a school recently of have I missed something? This mental instability has kept him in top flight politics over 30 years.

Something Obama can only dream of, and his supporters merely try to denigrate.

 

[Cornish Steve]

Really? Turnover? Not profit?

In the US, most small businesses are registered as Chapter S corporations. That means that everything you earn is treated as personal income and taxed accordingly. For years, this has meant a tax advantage. Under Obama, this will be a killer for any business that brings in $250,000.

People have no idea just how bad this will be for business owners. I'm already wondering what to do and will be speaking to my accountant later in the week. On top of this, I probably won't be able to count my outsourced development as an expense - because I'm one of those evil people that is "sending American jobs overseas". Then there's the added cost of healthcare for anyone I hire, and a 30% increase in the minimum wage. And unions are about to be given enormous power. Why ever would someone want to start a business in that kind of environment?

 

[directmarketingadvice]

Sorry that was a typo from me. What do you think about that little tax though? Why not address the issue instead of trying to smear and negate.

That's just so silly.

I "negated" your point, because your point was false.

I pointed out a fundamental error in the point you're making - turonver and profit are many worlds apart, and if you think confusing the two is a "typo", I suspect you don't run a business - and now you're throwing your toys out of the pram.

Perhaps, instead, you want to take responsibility for the "facts" you're posting?

What's McCain ever led, lol all I'm going to say to that insult of a question is that he spent more time as a POW than Obama has in senate.

And, who was he leading in the POW camp?

Again, you're getting a bit hysterical calling it an "insult" of a question.

Perhaps, by your logic, Terry Waite should be the prime minister because his 4years as a hostage was great training to lead a country?

Personally, I don't see it that way.

When did he suspend his campaign? News to me.

It probably is.

So let me rephrase what you ended on there, you'd rather trust someone who is completey inexperienced at even lower and mid government level because of "mental instability".

That sentence doesn't actually make any sense. It suggests that I'd trust him because he's the one with "mental instability".

So, I'm not sure how you derive that from my comments.

Steve

 

[directmarketingadvice]

In the US, most small businesses are registered as Chapter S corporations. That means that everything you earn is treated as personal income and taxed accordingly.

But it won't be based on turnover.

If you have a business that turns over $1m, but you spend $800,000 on raw materials, premises, wages etc, for tax purposes that counts as $200,000, not $1,000,000. Right?

The government aren't going to go to that business owner and say give us 40% of $1,000,000 (i.e. $200,000 more than they acually made).

Steve

 

[Esk247]

dont trust either of them but out of the two its:

obama - quite intellectual, different, perhaps some change

mccain - an old war veteran with a grudge against any other foreign country and a vice president that says 'we can see russia from here' as her foreign policy.

so..mccain will win

 

[Gate2Shop]

He will create more confusion. Change is one thing but changing everything is impossible.

 

[gamer1810]

As an englishman who doesnt know a great deal about American politics I am hoping that Obama will win and we will see a change in US foreign policy and its stance within the global community..

However, in reality, I suspect that very little will change.

The US has got itself and us into needless wars where the numbers of casualties - servicemen/women, enemy and particulary civilians dwarfs 9/11.

US foreign policy has killed more US citizens than Bin Laden could have ever thought possible!

 

[Cornish Steve]

But it won't be based on turnover.

If you have a business that turns over $1m, but you spend $800,000 on raw materials, premises, wages etc, for tax purposes that counts as $200,000, not $1,000,000. Right?

The government aren't going to go to that business owner and say give us 40% of $1,000,000 (i.e. $200,000 more than they acually made).

Steve

Today, if I earn, say, $100,000 a year, I can deduct things like mortgage interest and charitable donations and state taxes and child allowance from that amount, so I may be taxed only on $60,000.

If, instead, I earn $200,000 a year, I can deduct only a percentage of my mortgage interest and donations etc. from this amount, so I may be taxed on $180,000. As the number goes up, there comes a point when there are very few deductibles, so I'm taxed on everything.

As a Chapter S corporation, my business income counts as person income. It means I don't have to pay separate taxes for a separate business entity, which is a benefit for most small businesses. Obviously, the more I earn, not only the more taxes I pay but the fewer deductibles I can claim.

I'm really not sure how this will work with Obama's policies, which is why I must contact my accountant, but I believe the higher tax rate will hit me if my personal income (including revenue generated by my business) hits $250,000. This is NOT profit; it's revenue. I need to find out whether I should change my company to Chapter C, if this is possible. Should I shut down the current company and transfer to a new Chapter C company? Right now, I'm at a loss.

What I do know is that Obama is very much anti-business and anti-wealth. He sees companies as the root of most evils and government as the knight in shining armour. This will be a total disaster for small business in the US and for the US economy in general.

One of the golden rules of business is that you feed success and starve failure. Obama is going to redistribute wealth in complete contravention to this rule.

 

[directmarketingadvice]

I'm really not sure how this will work with Obama's policies, which is why I must contact my accountant, but I believe the higher tax rate will hit me if my personal income (including revenue generated by my business) hits $250,000. This is NOT profit; it's revenue.

Steve,

My point was the difference between turnover and profit.

I'm saying that costs like the ones I mentioned - raw materials, wages for employees, rent for business premises - are deducted BEFORE tax is calculated.

Are you agreeing with that?

Or are you suggesting that it's possible that these things will be ignored under Obama and the business owner will have to pay tax on plain turnover?

Steve

 

[Dawg]

What I do know is that Obama is very much anti-business and anti-wealth. He sees companies as the root of most evils and government as the knight in shining armour. This will be a total disaster for small business in the US and for the US economy in general.

Didn't you leave out 'the anti-Christ', maybe a couple of armageddons and an "aiieeee we're all doomed"?

This sort of (slight, cough), overstatement reminds me of all the nambo liberals who swore they were going to emigrate from the US if Bush won in 2004. And did they? Did they my surgically lifted, toned, shaped and orange blossom scented Californian ass.
Stop worrying. Don't be seen as a bad loser. To paraphrase Shakespeare on Obama: 'Time shall change him, and custom will stale his infinite varieties'.

 

[Cornish Steve]

Steve,

My point was the difference between turnover and profit.

I'm saying that costs like the ones I mentioned - raw materials, wages for employees, rent for business premises - are deducted BEFORE tax is calculated.

Are you agreeing with that?

Or are you suggesting that it's possible that these things will be ignored under Obama and the business owner will have to pay tax on plain turnover?

Steve

For a Chapter C corporation, your personal income includes revenue from your business. Against that total you can claim various expenses. As I mentioned earlier, the higher your raw total, the lower the percentage you can claim in allowances.

Here's the rub for me. Most of my costs right now are outsourced software development. Obama has said time and again that he will no longer allow companies to be subsidised for exporting jobs overseas. This is a fancy way of saying that these costs will no longer be deducted from total revenue.

What does this mean? Inventing numbers, it means that personal income increases from $100,000 a year (the number is those development expenses were claimed) to $200,000 a year. As you can imagine, the tax impact is huge.

Also, bear in mind that in recent weeks, Obama has reduced his definition of who will not see an increase in taxes from $250,000 to $120,000 (about 60,000 pounds). This means that small businesses will get pounded.

Then there's his strong support for unions. For example, he plans to immediately make all union elections public and not secret, which we know will lead to intimidation. This is another big fear of business owners.

This is typical of left-wing politics: sock it to the rich and those evil corporations. Forget the fact that these are the very people who generate over 90% of new jobs.

 

[cjd]

Steve is just nervous - he's seeing atheists under the bed.

 

Sorry that was a typo from me. What do you think about that little tax though? Why not address the issue instead of trying to smear and negate.

Ooop then again that's been the democrat way of "campaigning" all along hasn't it?

What's McCain ever led, lol all I'm going to say to that insult of a question is that he spent more time as a POW than Obama has in senate.
Tell me what Obama has done, not try to palm the question off.

When did he suspend his campaign? News to me. Palin, I love the way yet again the left smear and denigrate. The woman YET AGAIN has more governing experience than Obama. All the Obama supporters can point to is some non even like the birth of a granddaughter.

So let me rephrase what you ended on there, you'd rather trust someone who is completey inexperienced at even lower and mid government level because of "mental instability". What has McCain gone gun wielding around a school recently of have I missed something? This mental instability has kept him in top flight politics over 30 years.

Something Obama can only dream of, and his supporters merely try to denigrate.

come on mate palin is a nutter anyone who is a creationist pro life mentalist should not be any were near the most powerful
country on earth

 

[debbidoo]

come on mate palin is a nutter anyone who is a creationist pro life mentalist should not be any were near the most powerful
country on earth

 

[Dawg]

come on mate palin is a nutter anyone who is a creationist pro life mentalist should not be any were near the most powerful country on earth

Quite agree. Exile the Moose Murdering Madam. Maybe to Siberia. Don't let her live there in her own country 'cause she got attichudes. Baad attichudes that don't have no place in a free country.

Have you thought out your liberalism then? ( We'll leave the grammar for the grimmer reaper shall we?)

 

LOL
grammar shmammer ,she is a dinosaur denyier ! she can live in alaska by all means I dont think the good people of siberia would thank you for her .
but the thought of her getting into power is truly shocking

 

[200386]

Obama as the President will be very symbolic, but sadly the dictatorship will go on.

Robin

 

[Speedymail]

That's just so silly.

I "negated" your point, because your point was false.

I pointed out a fundamental error in the point you're making - turonver and profit are many worlds apart, and if you think confusing the two is a "typo", I suspect you don't run a business - and now you're throwing your toys out of the pram.

Perhaps, instead, you want to take responsibility for the "facts" you're posting?



And, who was he leading in the POW camp?

Again, you're getting a bit hysterical calling it an "insult" of a question.

Perhaps, by your logic, Terry Waite should be the prime minister because his 4years as a hostage was great training to lead a country?

Personally, I don't see it that way.



It probably is.



That sentence doesn't actually make any sense. It suggests that I'd trust him because he's the one with "mental instability".

So, I'm not sure how you derive that from my comments.

Steve

Ohh an agitated liberal. Love it. Can't quite comprehend how someone would disagree with you eh? Ah diddums.

You didn't negate anything. Yet again you failed to read properly.

Try again I thought you were the marketing guy. (Then again maybe you just did it in Uni).

Let me spell it out for you.

The fact is Obama is going to heavily tax businesses who generate a profit of over $249'000 a year.


There is an American based business owner on here plainly detailing his concerns yet you STILL seem more concerned with little old me. Are your politics getting in the way of your business acumen?


Please don't assume, or I have to assume that you are a Whisky swilling scot who is now "in marketing" as you did a degree in it and you have a website reminiscent of a pop-up "weight loss" one....but then again I mustn't assume. You probably assumed I wouldn't reply, again your wrong.

If your going to throw insults around as bad as "your not in business" then I may as well diconnect my laptop now eh?

Why did he have to "lead" anyone as a POW? How many presidential campaigns and leadership experience has Barack got under his belt? Oh yeah just the one, and that's about it.

This is about experience within politics as a whole. You are just trying to unsuccessfully twist it so that Mr Obama's ludicrously low level of experience in politics looks respectable. Nice try, it still looks crap.

Again, when did McCain "suspend" his campaign in light of him being mentally unsuitable?

Please, dates and reasons. Take responsibility for the "facts" your posting.

Terry Waite is and was completely unconnected to politics so you logic is flawed and therefore irrelevant.


Let me re-phrase my comment as your poor mind cannot decipher it it seems.

You would rather vote for someone who is inexperienced in politics and is bad for small businesses as you deem the other candidate "mentally unstable".

You did of course state that without any reasonable grounds whatsover notwithstanding the fact that the "mentally unstable" candidate has been activley involved in top level US politics for over 30 years.

Seems like sound reasoning to me......

Do the contents of this post sound familiar?

Yes indeed it is as they are unanswered from the last one. Tally ho.

 

[Cornish Steve]

The fact is Obama is going to heavily tax businesses who generate a profit of over $249'000 a year.

It's not profit; it's revenue - offset by qualified expenses. As I've pointed out elsewhere, development and other work performed outside the US may no longer qualify. Plus, the Democrats have changed their tune and now the limit is $120,000.

 

its all over, a walk in the park some might say. Ohio, PV, and New Hampshire have ended any chance now. Congrats to President Obama

 

[oldeagleeye]

Don't get how this is going to affect small businesses too much if the economy turns around much quicker and isn't it somewhat of a farce that business income is regarded as personal income in the USA anyway which presumably means that you can deduct mortgage interest and the like as a business expense. We can't do that over here.

As for outsourcing to the 3rd world. What is wrong with Obama wanting jobs for Americans and I rather suspect that outsourcing overseas will only be a no-no if a business can get a competitive quote from within the US. If they can't I am sure there will be some flexibility.

As for Obama's experience. Come on now. GW Bush couldn't string three words together and even now is regarded as the least bright in the family and has a chip on his shoulder about how bright bother Jed is. The of course we had be last few Presidents. Jimmy Carter a peanut farmer. Old walnut brain himself Ronald Regan whose claim to fame was playing a cowboy in dreadful B movies.

The bottom line is that there hasn't been a halfway decent President since JFK who like Obama has charisma and that can be a whole lot more important than being a dumb major in the military.

I know that when JFK came along he inspired my generation to take an interest in politics where before the perception of politicians was that of boring old farts in crumpled suits. Today in America the typical 40-50% turnout swelled to over 70% of the population as a new young generation took to the polling booths.

The bottom line is - and nobody can deny it - that Obama brings to America and the world new hope and to point out his inexperience in the back rooms of Washington is meaningless. Like all gifted leaders with charisma he will build a strong and bright team around him.

I know one thing. If I were younger I would sooner be starting a business in America today under a President who values success but not greed and frankly I don't see millions more in the ghetto's claiming benefit at the expense of small business. Obama is a role model to anyone from an impoverished background.

Tax adjustments then there may be and it would be interesting to compare the corporate and personal taxes of a business pulling in £250,000 Pre-Tax over here with one in the USA.

 

[erikam]

There will never be peace in the middle east.....or the rest of the world ...not while greed and bad politics are around I am fed up with paying taxes for things I don't have any say in.

 

[LINGsCARS]

I have changed my header to reflect the Obama win.

 

[Julie]

Having just listend to his first speech after it became clear that he's won, it will make a change to have someone in the White House who can actually string together a decent sentence.

Demosthenes replacing Deputy Dawg.

(If anyone remembers Deputy Dawg... or am I showing my age again?)

 

[Dawg]

Demosthenes replacing Deputy Dawg.

(If anyone remembers Deputy Dawg... or am I showing my age again?)

Everyone remembers the other geezer, natch.