HERE COMES SOCIALISM DIRECTLY FROM THE PRESIDENT DURING HIS SPEECH TO THE CHAMBER OF COMMERCE; WORKERS SHOULD SHARE IN THE PROFITS OF A BUSINESS!!

"If we're fighting to reform the tax code and increase exports, the benefits cannot just translate into greater profits and bonuses for those at the top. They have to be shared by American workers, who need to know that opening markets will lift their standard of living as well as your bottom line," President Obama told the Chamber of Commerce on Monday morning.

Now it can not be any clearer that the President's ideas are Socialist; right from his own mouth!

It may not be so bad if he also said that the workers should then also share in the risks of the business, if it loses money, they chip in. When there is a new factory to be put up, they will pitch in money to do so. They will share the liabilities associated with operating the business just like any owner or shareholder would.

Well we did not hear that part, oh no.

The president is pretty uninformed about how business operates and continues to not educate himself...that he is in America where the owner of the business takes all the risks, without any help from the workers or the government ( in fact the government will do all it can to make it difficult or impossible or very costly to start a new business).

Then the president wants the business owner, or owners to put up their capital, sign loan guarantees, build a building perhaps to house the business, and sign for a 30 year mortgage loan. Then in addition they need to put up some capital which will all be at risk if the business fails, but on the other hand if it succeeds, it is supposed to give the employees the profits of the business...beyond their salaries, wages, benefits, etc.!!!!

The employees do not have to do anything but show up for work, take no risks, but share in the business success if it occurs!

Then, after this nonsense from our leader, he is wondering why businesses are not hiring new workers!

This again is wisdom from a man who never owned a business, never met a payroll, was coddled though school due to his race, never worked for a for profit business, and never had direct dealings with the bureaucrats that stifle business every day.

My best recollection is that the owner/s of a business are the ones who get the profits ( if there are any) and they get all the losses ( without asking the employees to share the losses). That is the very definition of a capitalist society, Mr. President.

The reason that a business makes an investment is for the opportunity to make a profit from that investment, after taking the risk. Additionally, when a business is profitable Mr. President ( write this down) it tends to expand by hiring new employees, etc...!!!

As a final nail in the coffin of employers, the president has urged more than doubling the unemployment taxes payable by businesses.

President Barack Obama's new budget proposal is expected to give states a way to collect more payroll taxes from businesses, in an effort to replenish the unemployment-insurance program. The plan could cause controversy at a time when the administration is seeking to mend fences with corporate America.

The proposal would aim to restock strained state unemployment-insurance trust funds ( which Mr. Obama keeps depleting by the ever longer and longer eligibility for unemployment payments, by raising the amount of wages on which companies must pay unemployment taxes to $15,000, more than double the $7,000 in place since 1983.

The plan, which would take effect in 2014, could increase payroll taxes by as much as $100 billion over a decade, according to a person involved in its construction.

By proposing to enlarge the pool of wages subject to unemployment taxes, the White House appears to be offering states a more politically palatable way to raise revenues than to boost tax rates. States could keep the tax rates they have, or even lower them somewhat, and still raise considerably more revenue than they are raising now.

The unemployment insurance program is a joint federal-state program. The federal unemployment insurance tax rate of 6.2% on the new, larger base would be reduced, so that the U.S. would be taking in no more revenue than it does under the current system, a person familiar with the plan said.

To avoid hitting businesses with a tax increase during the economic recovery, the proposal would delay the new rules until 2014. The plan is expected to be included in Mr. Obama's budget proposal for fiscal 2012, to be released Monday.

Any proposal would need congressional approval.

State governments have had to borrow heavily from the federal government to cover the jobless benefits they provide. States are responsible for the first 26 weeks of benefits, and many have seen their reserve funds wiped out.

More than 40 states raised their unemployment-insurance payroll taxes last year to boost revenues.

The proposal comes as the White House is trying to improve relations with business groups while also pushing them for financial help to shore up the unemployment insurance system, drained by prolonged high joblessness.

Republican aides on Capitol Hill reacted warily. Increasing levies on businesses in the next few years could hit a wall of opposition among Republicans, said one senior G.O.P. tax aide in the Senate. Mr. Obama delivered a speech on Monday to the U.S. Chamber of Commerce, trying to repair frayed relations with business and offering areas of possible cooperation.

Mr. Obama has promised business an effort to simplify the corporate tax code while lowering the corporate tax rate. Pushing for higher unemployment taxes could reignite tensions. No kidding, and stop any new hiring!

Don't you wish that time can be sped-up like a future time machine so it would be November 2012..oh, well wishful thinking.

SOCIALIST PRESIDENT CONFUSED BY AMERICAN CAPITALISM AND HOW BUSINESS REALLY OPERATES: STILL CONFUSED AFTER MEETING WITH CEO'S

Our Community Organizer, you know who I am referring to, who by the way still sends me almost daily and weekly emails under the letterhead titled "ORGANIZING FOR AMERICA" had the bright idea of meeting with top Ceo's to arm-twist them into using the billions in cash that their companies are showing on the balance sheets to "hire people".

This makes perfect sense to a community organizer who has never run a business and has been on one type or another of the public dole for his entire life. he just assumed that a business which shows cash, should quickly use it up to hire, spend and spend! That was the way it works in "his" world of living on money one gets from somebody else.

For instance an organization that he was involved in would have to spend and spend its budget as much as possible so that it could be replenished again the following year. That is not the way it works in a capitalist system, an American system, as corporations are formed and owned for the benefit of their STOCKHOLDERS and not to just spend money.

The best thing he cold have suggested to these CEO's is to ask them to distribute the excess cash to its owners, the stockholders who would then pay a dividend tax and start actually spending the money on most likely, consumer purchases actually stimulating the economy!

No our community organizer had no idea of how that works, so he just had a group of very confused corporate leaders too timid to explain that to him, since he knows everything anyway.

This was an article releted to this:

The socialist president plays host to capitalism

By Dana Milbank

The titans of American industry were all assembled at the White House complex Wednesday. There was Eric Schmidt, the CEO of Google. There was Kenneth Chenault, the chairman of American Express. And there was Barack Obama, the sometimes owner of General Motors, Chrysler, Citibank, Bank of America, AIG, Fannie Mae and Freddie Mac.

The president's advance team handled it like a state visit. The Secret Service shut down Lafayette Square as the CEOs huddled inside Blair House -- where foreign dignitaries often stay. The U.S. Park Police were mounted, the presidential limousines were idling, and men with scary-looking weapons stood in the shrubbery. The only thing missing was the display of the visitors' flag -- in this case, the dollar sign -- from the lampposts.

It looked like a state visit because it was a state visit, in the sense that President Obama was hosting leaders who are, to his administration, very foreign. The land's leading capitalists were sitting down with a leader caricatured by many Republicans as a socialist, or even, in Newt Gingrich's view, a Kenyan anti-colonialist.

"Chilly out here, guys!" the president said with a friendly wave as he crossed the street from the White House to Blair House.

Chilly outside? Wait until you're in a room with all those CEOs.

"Mr. President!" bellowed CNBC's John Harwood from the press risers on the north lawn. "Can you repair your relationship with business?"

"It's chilly out here," Obama repeated.

Harwood, live on the air, did not know quite what to do with this answer. Off camera, a producer's voice prompted him: "Go, John. Keep talking."

"You see that the president is not in a mood to answer questions today," Harwood continued gamely. "He said, 'It's a little chilly out here,' when I tried to get him to say something."

The president was not about to answer questions because he didn't want to do anything to upset the choreography of the day. It was a chance for Obama to show, in contrast to the perception that many voters had last month, that he is a big fan of the free market and private industry. And it was a chance to have a mostly friendly crowd of CEOs (there wasn't an oil man or a health-insurance boss among them) validate Obama's pro-business bona fides.
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Obama has a long climb to overcome the reputation that he is hostile to business; the U.S. Chamber of Commerce, inflamed by health-care reform and Obama's climate-change policy, is on record accusing him of a "general attack on our free enterprise system." But on Wednesday, he began to implement his pro-business business plan.

Before walking to meet the 20 corporate chiefs, Obama delivered a speech that, in the space of just four minutes, included seven mentions of jobs, six of growth or growing, and two of hiring. "Spurring economic growth is what I'll talk about later this morning when I meet with some of America's top business leaders," the president said. (READ: I am a capitalist!) "That includes Jim McNerney of Boeing, who also heads up my Export Council, and several members of my Economic Recovery Advisory Board." (READ: Some of my best friends are capitalists!)

I believe that the primary engine of America's economic success is not government," the president went on. ( As you may recall from all his policies and changes mandated to date it is GOVERNMENT that he believes to be the answer, not free enterprise.) "It's the dynamism of our markets. And for me, the most important question about an economic idea is... whether it will help spur businesses, jobs and growth."

The business of America is business.

By this time, the CEOs had already disembarked from their Lincoln Town Cars on 17th Street and were waiting in Blair House. Google's Schmidt arrived later than the others, went to the wrong building -- he obviously hadn't consulted Google Maps -- and was set straight by CNBC's Eamon Javers.

Whatever Obama said privately to the executives over the next four-plus hours, they must have liked it. When they emerged from Blair House, several of them stopped at the microphones to welcome the president into the club of capitalists.

"I think they have a lot of business acumen in the White House," judged UBS's Robert Wolf, an Obama golfing partner. What a joke as about 5% of his WH cronies ever had a REAL JOB in a real business!

"The president and a number of the business leaders there felt they were on the same team," contributed Mark Gallogly, co-founder of Centerbridge Partners and one of those on the president's Economic Recovery Advisory Board.

"We all want America to win!" gushed Amex's Chenault.

Boeing's McNerney said the CEOs had granted Obama forgiveness for the hostility many of them felt from the administration over the last two years. "We all wanted to move beyond the tone that created this confrontational environment," he said. "We all made our apologies and all said we're moving on. We all wanted to wear the same thing on the front of the jersey, which is about this nation's employment and competitiveness."

Go team! If he keeps it up, this socialist president will earn himself a tickertape parade on Wall Street as a real MOGUL.