Barack Obama doing AMA on Reddit RIGHT FUCKING NOW. -NOT BAD.

[Sera]

What the hell? What kind of TINY business only does $250,000 a year? Lol... At a 30% profit margin that means the business is only taking in about $75,000 a year BEFORE taxes, and that's not including any overhead or employment costs. You couldn't even even afford to operate if you were running that business completely alone at that rate. Is he confused or did he just forget a zero?

*EDIT* Even if that's net income that's still an unbelievably small business. I can't even wrap my head around what kind of business he's talking about that only does $250,000 profit a year.

My grandad runs a small family business, has since 1979, and he's never made that much profit in a year, but he gets SLAYED on taxes.

LOL, I was waiting for the beer recipe to come up.

explain this? the white house has its own beer?

[Sera]

oops, sorry. plzdelete *edit*

[Athas]

Spoiler: show

Redditors for Obama

Uh, what's up with that?

[Cleverness]

How are you going help small businesses in 2013 and 2014? and what if any bills are you going to impliment for small businesses, in 2013, and 2014?

[–]PresidentObama[S]

We've really focused on this since I came into office - 18 tax cuts for small business, easier funding from the SBA. Going forward, I want to keep taxes low for the 98 percent of small businesses that have $250,000 or less in income, make it easier for small business to access financing, and expand their opportunities to export. And we will be implementing the Jobs Act bill that I signed that will make it easier for startups to access crowd-funding and reduce their tax burden at the start-up stage.

What the hell? What kind of TINY business only does $250,000 a year? Lol... At a 30% profit margin that means the business is only taking in about $75,000 a year BEFORE taxes, and that's not including any overhead or employment costs. You couldn't even even afford to operate if you were running that business completely alone at that rate. Is he confused or did he just forget a zero?

*EDIT* Even if that's net income that's still an unbelievably small business. I can't even wrap my head around what kind of business he's talking about that only does $250,000 profit a year.

I'm not sure how aware you are about how much money a small business makes but that number actually encompasses a fairly good amount of them. Ones who are just starting out benefit from this GREATLY because in most industries you can expect to not even make a salary as the entrepreneur of a small business. Cutting the taxes for this greatly reduces the financial pressure they'd take and would encourage more small businesses to pop up. If you're a small business who can make over 250k already in this economy then you're doing pretty well and don't need as much help in regards to this specific issue.

[Shuvo]

Seeing the success of sites like Reddit now really makes me regret wasting my university years playing FFXI instead of building something useful. lol

[Ragnus]

My grandad runs a small family business, has since 1979, and he's never made that much profit in a year, but he gets SLAYED on taxes.



explain this? the white house has its own beer?

Petition on whitehouse.gov to release the recipe for a home brewed honey ale that is microbrewed inside the white house. Many home brewers want the recipe badly.

[Plow]

How are you going help small businesses in 2013 and 2014? and what if any bills are you going to impliment for small businesses, in 2013, and 2014?

[–]PresidentObama[S]

We've really focused on this since I came into office - 18 tax cuts for small business, easier funding from the SBA. Going forward, I want to keep taxes low for the 98 percent of small businesses that have $250,000 or less in income, make it easier for small business to access financing, and expand their opportunities to export. And we will be implementing the Jobs Act bill that I signed that will make it easier for startups to access crowd-funding and reduce their tax burden at the start-up stage.

What the hell? What kind of TINY business only does $250,000 a year? Lol... At a 30% profit margin that means the business is only taking in about $75,000 a year BEFORE taxes, and that's not including any overhead or employment costs. You couldn't even even afford to operate if you were running that business completely alone at that rate. Is he confused or did he just forget a zero?

*EDIT* Even if that's net income that's still an unbelievably small business. I can't even wrap my head around what kind of business he's talking about that only does $250,000 profit a year.

he meant small business owners

[ronin sparthos]

on reddit and here? sure. on the national spectrum? wont even be mentioned

And that was precisely the goal: To energize the youth voting bloc and to upstage the RNC.

[Lucavi]

The youth won him the election in 2008, and he's going for it again. He knows the adults have already decided on who to vote for, so he turns to the true wildcards once again. Its a brilliant strategy, but he's def. going to have to aim for the same age group that he did in 2008 - the college-age kids from 08 are now out of college and struggling in this economy, and many of them are bitter.

Its like... reverse indoctrination, but on a somewhat positive note. Dye the youth in your colors and use them to prop up your vote. It sounds bad, but its certainly better to have youthful ideas supporting Obama than the "if it ain't male and white, it ain't right!" Romney Republican mindset.

God forbid you be a female black lesbian. Jesus Christ, you're lower than scum to them.

[Helm]

I think it was a smart play.

[Therin]

he meant small business owners

Gotcha, that makes sense. Thanks for pointing that out... Pretty huge distinction there.

[archibaldcrane]

What the hell? What kind of TINY business only does $250,000 a year? Lol... At a 30% profit margin that means the business is only taking in about $75,000 a year BEFORE taxes, and that's not including any overhead or employment costs. You couldn't even even afford to operate if you were running that business completely alone at that rate. Is he confused or did he just forget a zero?

*EDIT* Even if that's net income that's still an unbelievably small business. I can't even wrap my head around what kind of business he's talking about that only does $250,000 profit a year.

wut

seriously dude

He's talking taxable income with his 250k, first of all. Hell, my small business, employee of 1, will make (after deductions) I dunno, 70k in taxable income this year?

Think about a plumber, or a landscaper, or a ton of other trades. They may have a few employees, they might just be the only employee. But most of them are going to have taxable incomes under 250k.

"Owning a business" isn't some monumental feat - it can be as simple as a thousand dollars and access to LegalZoom.

[Jer]

CNN finally got a small piece about it a bit ago. http://www.cnn.com/2012/08/29/politi...dit/index.html Was glad to see the raid that was being attempted on the reddit page failed for the most part, some of screenshots people were posting of what they asked/said was fucking ridiculous. I'd hate to see how hard some people were having to work to control it.

[ringthree]

on reddit and here? sure. on the national spectrum? wont even be mentioned

https://www.google.com/news/rtc?pz=1...-GuRN4Ot02Q5FM

It was a little bigger than that, and it was obviously a targeted thing. It wasn't an attempt to get Grandma Jones' vote.

All of the major papers covered it and the CSM even did an article on the motivation and reasoning behind it.

http://www.csmonitor.com/USA/DC-Deco...sk-Me-Anything

Now if he was on 4chan, that would be mega news, LOL.

[ringthree]

How are you going help small businesses in 2013 and 2014? and what if any bills are you going to impliment for small businesses, in 2013, and 2014?

[–]PresidentObama[S]

We've really focused on this since I came into office - 18 tax cuts for small business, easier funding from the SBA. Going forward, I want to keep taxes low for the 98 percent of small businesses that have $250,000 or less in income, make it easier for small business to access financing, and expand their opportunities to export. And we will be implementing the Jobs Act bill that I signed that will make it easier for startups to access crowd-funding and reduce their tax burden at the start-up stage.

What the hell? What kind of TINY business only does $250,000 a year? Lol... At a 30% profit margin that means the business is only taking in about $75,000 a year BEFORE taxes, and that's not including any overhead or employment costs. You couldn't even even afford to operate if you were running that business completely alone at that rate. Is he confused or did he just forget a zero?

*EDIT* Even if that's net income that's still an unbelievably small business. I can't even wrap my head around what kind of business he's talking about that only does $250,000 profit a year.

It's not that the business makes less than 250k, it's that the owners take home is less than 250k. Businesses are obviously taxed differently than individuals. The rallying cry of Republicans is that any tax increase hurts small business, when in reality, the nature of small business is that they don't generally provide a huge income to the owner, and so even the owner wouldn't be hurt by a tax increase on those making more than 250k.

It is one of those issues that requires a little bit of nuance to understand, and is quite often lost in translation.

[Dimmauk]

lmfao awesome

He is the best. LOL

[Caiyuo]

Pageviews/uniques: http://www.reddit.com/r/drunken_econ...ort=confidence

Numbers will be updated with more accurate data on 31 AUG.

Traffic by Day
date uniques pageviews subscriptions
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8/27/12 458,194 1,015,182 5,958
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8/25/12 555,203 1,330,232 5,216

Uniques and pageviews by hour

Uniques and pageviews by day

[Cantih]

Here you go Tyche

THE WHITE HOUSE BEER

http://www.whitehouse.gov/blog/2012/...se-beer-recipe

[Plow]

Here you go Tyche

THE WHITE HOUSE BEER

http://www.whitehouse.gov/blog/2012/...se-beer-recipe

With public excitement about White House beer fermenting such a buzz, we decided we better hop right to it.

see sig

[quannum]