President Obama and the Democrats are making a rather odd ploy for votes: Attacking the Chamber of Commerce and insinuating that it’s secretly funneling money to Republican campaigns.
The White House intensified its attacks Sunday on the powerful U.S. Chamber of Commerce for its alleged ties to foreign donors, part of an escalating Democratic effort to link Republican allies with corporate and overseas interests ahead of the November midterm elections. The chamber adamantly denies that foreign funds are used in its U.S. election efforts, accusing Democrats of orchestrating a speculative smear campaign during a desperate political year.
President Obama, speaking at a rally in Philadelphia, said “the American people deserve to know who is trying to sway their elections” and raised the possibility that foreigners could be funding his opponents. “You don’t know,” Obama said at the rally for Senate candidate Joe Sestak and other Democrats. “It could be the oil industry. It could even be foreign-owned corporations. You don’t know because they don’t have to disclose.”
The remarks are part of a volley of recent attacks by Obama and other Democrats on alleged foreign influence within the Republican caucus, whether through support for outsourcing jobs by major U.S. corporations or through overseas money making its way into the coffers of GOP-leaning interest groups.
The comments also come as Democrats attempt to cope with an onslaught of independent political advertising aimed at bolstering Republicans, much of it fueled by donations that do not have to be revealed to the public. The spending has added to a political environment in which Democrats are in danger of losing control of both the House and Senate.
David Axelrod, a top Obama adviser, said on CBS’s “Face the Nation” that secret political donations to the chamber and other groups pose “a threat to our democracy.” Axelrod also took the unusual step of calling on the chamber to release internal documents backing up its contention that foreign money is not being used to pay for U.S. political activities. Democrats have seized on a report by a liberal blog alleging that dues from chamber-affiliated business councils could be used in that way. “If the chamber opens up its books and says, ‘Here’s where our political money’s coming from,’ then we’ll know,” Axelrod said. “But until they do that, all we have is their assertion.”
Of course, all we have the other way is the Democrats’ assertion. And will Americans otherwise predisposed to vote Republican in November really change their mind on vague assertions that the Chamber is funneling foreign money into their campaigns?
Apparently, the impetus for all this is last week’s reporting from Think Progress that I’d missed until now. It’s rather convoluted — making its likely impact on next month’s voting even more unlikely — but, essentially, the argument goes like this:
- The Chamber is the chief outside group buying ads for Republican candidates
- These ads are paid for out of the Chamber’s general fund
- The Chamber accepts foreign donations through its overseas Business Councils
- Thus, foreign money is used for the ads
- Additionally, a 527 called American Crossroads, which Karl Rove and Ed Gillespie are affiliated with, is coordinating spending with the Chamber. And who knows where American Crossroads is getting the money? Maybe it’s from foreigners!
For their part, both the Chamber and American Crossroads have denied that foreign money is going toward these ads, asserting that they have firewalls in place. Absent strong evidence to the contrary, I’m inclined to believe them. After all, money is fungible. So, the Chamber doesn’t need to use foreign money to fund political advertising — which is presumably still illegal — when all they have to do is use the foreign money to finance legal activities and shift the domestic money that would have funded said activities over to advertising. (Now, effectively, there is no difference! Legally, though, it’s the difference between night and day.)
I suppose that, given the polling numbers, Obama and company have to try something. Certainly, “We’re doing a great job and you should give us two more years” isn’t going to cut it. But this is not only desperate but it’s the kind of inside baseball that will just irritate voters. I guarantee you that if I’m just now getting wind of this week-old blog story, nobody at that rally in Philly had any idea what the hell Obama was talking about.
A secretive, Republican-leaning group has spent an estimated $3 million on a TV ad making the false claim that government spending is "not creating jobs." The ad first appeared Sept. 7 and was still running nearly a month later. The ad shows a man in a business suit digging an ever-deeper hole — a visual metaphor for the nation’s ever-expanding debt. It could also be a metaphor for Public Notice, the sponsor of the ad and yet another group whose finances are also something of a black hole.
Public Notice was formed this year by a former press spokeswoman for several Republicans. The group has spent $3 million so far on the ad, which has been running on national networks and national cable outlets, according to the Campaign Media Analysis Group, a unit of Kantar Media. But where the money comes from, and how much more the group intends to spend, is a mystery. "We do not discuss our organization’s finances," the group’s executive director, Gretchen Hamel, told us in a telephone interview.
The ad itself is mostly factual — with one key exception.
- It says: "We’re 13 trillion in debt," which is an understatement. The total is currently above $13.6 trillion, counting both the debt held by the public and all the money that the government owes to itself, including the Social Security trust fund.
- It says that the debt is "almost the size of the nation’s economy," which is close enough. The nation’s economy, as measured by gross domestic product, is projected to be $14.8 trillion this year, and $15.3 trillion next year, according to the most recent economic forecast by the nonpartisan Congressional Budget Office.
- The ad says Washington’s spending is "unsustainable," a judgment that can hardly be disputed, given that the federal government was spending more than $3 for every $2 that it took in during the fiscal year that just ended, according to CBO’s most recent monthly budget review. (Final figures for the fiscal year are still being tabulated.)
Where the ad goes wrong is its claim that spending "is not creating jobs," a false assertion echoed in several Republican campaign commercials. As we noted in our Sept. 27 article, "Did the Stimulus Create Jobs?", the stimulus package increased employment by between 1.4 million and 3.3 million, according to CBO’s estimate. Some independent economists put the total even higher.
The group attempts to back up its claim by citing the fact that the total number of jobs is lower and the unemployment rate is higher now than before the stimulus spending began. That’s true enough, but proves nothing about how much worse things would have been without the stimulus spending. It’s accurate to say that government spending hasn’t created enough jobs to offset those that have been lost, but simply wrong to claim that it hasn’t created any.
A Financial Black Hole
Hamel would say nothing about who gives to her organization, or even whether or not it accepts corporate funding. The group says on its websites that it is organized as a Limited Liability Company with tax-exempt status under section 501(c)(4) of the Internal Revenue Code. That leaves it legally free to accept such funds, without disclosing its donors publicly.
Hamel says of Public Notice, " are not a ‘political group.’ We are an education advocacy group." Her ad, however, calls for viewers to "find out how together we can hold Congress accountable." Not that there’s anything wrong with being a political group.
Before forming Public Notice, Hamel had a long history of working for Republicans. She was a press assistant for former GOP Rep. J.C. Watts of Oklahoma, then press secretary to GOP Rep. John Carter of Texas and later for the House Republican Conference. She was deputy assistant U.S. trade representative during the final years of the Bush administration.
eric seiger
'American Idol's Crystal Bowersox Gets Married | Fancast <b>News</b>
'American Idol's Crystal Bowersox married musician Brian Walker on Sunday, October 10, 2010, in Chicago, and will celebrate their anniversary on 10/10/10 along with the other approximated 40000 lovebirds who said 'I Do'
Denver Broncos <b>News</b>: Horse Tracks - 10/11/10 - Mile High Report
Your Daily Cup of Orange and Blue Coffee - Horse Tracks!
Arrowheadlines: Chiefs <b>News</b> 10/11 - Arrowhead Pride
Well, that happened. Good morning Chiefs fans, and welcome to Arrowheadlines. As you'd expect, there are a lot of Kansas City Chiefs stories out there this morning. We've gathered them here for you. Enjoy.
eric seiger
President Obama and the Democrats are making a rather odd ploy for votes: Attacking the Chamber of Commerce and insinuating that it’s secretly funneling money to Republican campaigns.
The White House intensified its attacks Sunday on the powerful U.S. Chamber of Commerce for its alleged ties to foreign donors, part of an escalating Democratic effort to link Republican allies with corporate and overseas interests ahead of the November midterm elections. The chamber adamantly denies that foreign funds are used in its U.S. election efforts, accusing Democrats of orchestrating a speculative smear campaign during a desperate political year.
President Obama, speaking at a rally in Philadelphia, said “the American people deserve to know who is trying to sway their elections” and raised the possibility that foreigners could be funding his opponents. “You don’t know,” Obama said at the rally for Senate candidate Joe Sestak and other Democrats. “It could be the oil industry. It could even be foreign-owned corporations. You don’t know because they don’t have to disclose.”
The remarks are part of a volley of recent attacks by Obama and other Democrats on alleged foreign influence within the Republican caucus, whether through support for outsourcing jobs by major U.S. corporations or through overseas money making its way into the coffers of GOP-leaning interest groups.
The comments also come as Democrats attempt to cope with an onslaught of independent political advertising aimed at bolstering Republicans, much of it fueled by donations that do not have to be revealed to the public. The spending has added to a political environment in which Democrats are in danger of losing control of both the House and Senate.
David Axelrod, a top Obama adviser, said on CBS’s “Face the Nation” that secret political donations to the chamber and other groups pose “a threat to our democracy.” Axelrod also took the unusual step of calling on the chamber to release internal documents backing up its contention that foreign money is not being used to pay for U.S. political activities. Democrats have seized on a report by a liberal blog alleging that dues from chamber-affiliated business councils could be used in that way. “If the chamber opens up its books and says, ‘Here’s where our political money’s coming from,’ then we’ll know,” Axelrod said. “But until they do that, all we have is their assertion.”
Of course, all we have the other way is the Democrats’ assertion. And will Americans otherwise predisposed to vote Republican in November really change their mind on vague assertions that the Chamber is funneling foreign money into their campaigns?
Apparently, the impetus for all this is last week’s reporting from Think Progress that I’d missed until now. It’s rather convoluted — making its likely impact on next month’s voting even more unlikely — but, essentially, the argument goes like this:
- The Chamber is the chief outside group buying ads for Republican candidates
- These ads are paid for out of the Chamber’s general fund
- The Chamber accepts foreign donations through its overseas Business Councils
- Thus, foreign money is used for the ads
- Additionally, a 527 called American Crossroads, which Karl Rove and Ed Gillespie are affiliated with, is coordinating spending with the Chamber. And who knows where American Crossroads is getting the money? Maybe it’s from foreigners!
For their part, both the Chamber and American Crossroads have denied that foreign money is going toward these ads, asserting that they have firewalls in place. Absent strong evidence to the contrary, I’m inclined to believe them. After all, money is fungible. So, the Chamber doesn’t need to use foreign money to fund political advertising — which is presumably still illegal — when all they have to do is use the foreign money to finance legal activities and shift the domestic money that would have funded said activities over to advertising. (Now, effectively, there is no difference! Legally, though, it’s the difference between night and day.)
I suppose that, given the polling numbers, Obama and company have to try something. Certainly, “We’re doing a great job and you should give us two more years” isn’t going to cut it. But this is not only desperate but it’s the kind of inside baseball that will just irritate voters. I guarantee you that if I’m just now getting wind of this week-old blog story, nobody at that rally in Philly had any idea what the hell Obama was talking about.
A secretive, Republican-leaning group has spent an estimated $3 million on a TV ad making the false claim that government spending is "not creating jobs." The ad first appeared Sept. 7 and was still running nearly a month later. The ad shows a man in a business suit digging an ever-deeper hole — a visual metaphor for the nation’s ever-expanding debt. It could also be a metaphor for Public Notice, the sponsor of the ad and yet another group whose finances are also something of a black hole.
Public Notice was formed this year by a former press spokeswoman for several Republicans. The group has spent $3 million so far on the ad, which has been running on national networks and national cable outlets, according to the Campaign Media Analysis Group, a unit of Kantar Media. But where the money comes from, and how much more the group intends to spend, is a mystery. "We do not discuss our organization’s finances," the group’s executive director, Gretchen Hamel, told us in a telephone interview.
The ad itself is mostly factual — with one key exception.
- It says: "We’re 13 trillion in debt," which is an understatement. The total is currently above $13.6 trillion, counting both the debt held by the public and all the money that the government owes to itself, including the Social Security trust fund.
- It says that the debt is "almost the size of the nation’s economy," which is close enough. The nation’s economy, as measured by gross domestic product, is projected to be $14.8 trillion this year, and $15.3 trillion next year, according to the most recent economic forecast by the nonpartisan Congressional Budget Office.
- The ad says Washington’s spending is "unsustainable," a judgment that can hardly be disputed, given that the federal government was spending more than $3 for every $2 that it took in during the fiscal year that just ended, according to CBO’s most recent monthly budget review. (Final figures for the fiscal year are still being tabulated.)
Where the ad goes wrong is its claim that spending "is not creating jobs," a false assertion echoed in several Republican campaign commercials. As we noted in our Sept. 27 article, "Did the Stimulus Create Jobs?", the stimulus package increased employment by between 1.4 million and 3.3 million, according to CBO’s estimate. Some independent economists put the total even higher.
The group attempts to back up its claim by citing the fact that the total number of jobs is lower and the unemployment rate is higher now than before the stimulus spending began. That’s true enough, but proves nothing about how much worse things would have been without the stimulus spending. It’s accurate to say that government spending hasn’t created enough jobs to offset those that have been lost, but simply wrong to claim that it hasn’t created any.
A Financial Black Hole
Hamel would say nothing about who gives to her organization, or even whether or not it accepts corporate funding. The group says on its websites that it is organized as a Limited Liability Company with tax-exempt status under section 501(c)(4) of the Internal Revenue Code. That leaves it legally free to accept such funds, without disclosing its donors publicly.
Hamel says of Public Notice, " are not a ‘political group.’ We are an education advocacy group." Her ad, however, calls for viewers to "find out how together we can hold Congress accountable." Not that there’s anything wrong with being a political group.
Before forming Public Notice, Hamel had a long history of working for Republicans. She was a press assistant for former GOP Rep. J.C. Watts of Oklahoma, then press secretary to GOP Rep. John Carter of Texas and later for the House Republican Conference. She was deputy assistant U.S. trade representative during the final years of the Bush administration.
eric seiger
'American Idol's Crystal Bowersox Gets Married | Fancast <b>News</b>
'American Idol's Crystal Bowersox married musician Brian Walker on Sunday, October 10, 2010, in Chicago, and will celebrate their anniversary on 10/10/10 along with the other approximated 40000 lovebirds who said 'I Do'
Denver Broncos <b>News</b>: Horse Tracks - 10/11/10 - Mile High Report
Your Daily Cup of Orange and Blue Coffee - Horse Tracks!
Arrowheadlines: Chiefs <b>News</b> 10/11 - Arrowhead Pride
Well, that happened. Good morning Chiefs fans, and welcome to Arrowheadlines. As you'd expect, there are a lot of Kansas City Chiefs stories out there this morning. We've gathered them here for you. Enjoy.
eric seiger
eric seiger
eric seiger
'American Idol's Crystal Bowersox Gets Married | Fancast <b>News</b>
'American Idol's Crystal Bowersox married musician Brian Walker on Sunday, October 10, 2010, in Chicago, and will celebrate their anniversary on 10/10/10 along with the other approximated 40000 lovebirds who said 'I Do'
Denver Broncos <b>News</b>: Horse Tracks - 10/11/10 - Mile High Report
Your Daily Cup of Orange and Blue Coffee - Horse Tracks!
Arrowheadlines: Chiefs <b>News</b> 10/11 - Arrowhead Pride
Well, that happened. Good morning Chiefs fans, and welcome to Arrowheadlines. As you'd expect, there are a lot of Kansas City Chiefs stories out there this morning. We've gathered them here for you. Enjoy.
eric seiger
President Obama and the Democrats are making a rather odd ploy for votes: Attacking the Chamber of Commerce and insinuating that it’s secretly funneling money to Republican campaigns.
The White House intensified its attacks Sunday on the powerful U.S. Chamber of Commerce for its alleged ties to foreign donors, part of an escalating Democratic effort to link Republican allies with corporate and overseas interests ahead of the November midterm elections. The chamber adamantly denies that foreign funds are used in its U.S. election efforts, accusing Democrats of orchestrating a speculative smear campaign during a desperate political year.
President Obama, speaking at a rally in Philadelphia, said “the American people deserve to know who is trying to sway their elections” and raised the possibility that foreigners could be funding his opponents. “You don’t know,” Obama said at the rally for Senate candidate Joe Sestak and other Democrats. “It could be the oil industry. It could even be foreign-owned corporations. You don’t know because they don’t have to disclose.”
The remarks are part of a volley of recent attacks by Obama and other Democrats on alleged foreign influence within the Republican caucus, whether through support for outsourcing jobs by major U.S. corporations or through overseas money making its way into the coffers of GOP-leaning interest groups.
The comments also come as Democrats attempt to cope with an onslaught of independent political advertising aimed at bolstering Republicans, much of it fueled by donations that do not have to be revealed to the public. The spending has added to a political environment in which Democrats are in danger of losing control of both the House and Senate.
David Axelrod, a top Obama adviser, said on CBS’s “Face the Nation” that secret political donations to the chamber and other groups pose “a threat to our democracy.” Axelrod also took the unusual step of calling on the chamber to release internal documents backing up its contention that foreign money is not being used to pay for U.S. political activities. Democrats have seized on a report by a liberal blog alleging that dues from chamber-affiliated business councils could be used in that way. “If the chamber opens up its books and says, ‘Here’s where our political money’s coming from,’ then we’ll know,” Axelrod said. “But until they do that, all we have is their assertion.”
Of course, all we have the other way is the Democrats’ assertion. And will Americans otherwise predisposed to vote Republican in November really change their mind on vague assertions that the Chamber is funneling foreign money into their campaigns?
Apparently, the impetus for all this is last week’s reporting from Think Progress that I’d missed until now. It’s rather convoluted — making its likely impact on next month’s voting even more unlikely — but, essentially, the argument goes like this:
- The Chamber is the chief outside group buying ads for Republican candidates
- These ads are paid for out of the Chamber’s general fund
- The Chamber accepts foreign donations through its overseas Business Councils
- Thus, foreign money is used for the ads
- Additionally, a 527 called American Crossroads, which Karl Rove and Ed Gillespie are affiliated with, is coordinating spending with the Chamber. And who knows where American Crossroads is getting the money? Maybe it’s from foreigners!
For their part, both the Chamber and American Crossroads have denied that foreign money is going toward these ads, asserting that they have firewalls in place. Absent strong evidence to the contrary, I’m inclined to believe them. After all, money is fungible. So, the Chamber doesn’t need to use foreign money to fund political advertising — which is presumably still illegal — when all they have to do is use the foreign money to finance legal activities and shift the domestic money that would have funded said activities over to advertising. (Now, effectively, there is no difference! Legally, though, it’s the difference between night and day.)
I suppose that, given the polling numbers, Obama and company have to try something. Certainly, “We’re doing a great job and you should give us two more years” isn’t going to cut it. But this is not only desperate but it’s the kind of inside baseball that will just irritate voters. I guarantee you that if I’m just now getting wind of this week-old blog story, nobody at that rally in Philly had any idea what the hell Obama was talking about.
A secretive, Republican-leaning group has spent an estimated $3 million on a TV ad making the false claim that government spending is "not creating jobs." The ad first appeared Sept. 7 and was still running nearly a month later. The ad shows a man in a business suit digging an ever-deeper hole — a visual metaphor for the nation’s ever-expanding debt. It could also be a metaphor for Public Notice, the sponsor of the ad and yet another group whose finances are also something of a black hole.
Public Notice was formed this year by a former press spokeswoman for several Republicans. The group has spent $3 million so far on the ad, which has been running on national networks and national cable outlets, according to the Campaign Media Analysis Group, a unit of Kantar Media. But where the money comes from, and how much more the group intends to spend, is a mystery. "We do not discuss our organization’s finances," the group’s executive director, Gretchen Hamel, told us in a telephone interview.
The ad itself is mostly factual — with one key exception.
- It says: "We’re 13 trillion in debt," which is an understatement. The total is currently above $13.6 trillion, counting both the debt held by the public and all the money that the government owes to itself, including the Social Security trust fund.
- It says that the debt is "almost the size of the nation’s economy," which is close enough. The nation’s economy, as measured by gross domestic product, is projected to be $14.8 trillion this year, and $15.3 trillion next year, according to the most recent economic forecast by the nonpartisan Congressional Budget Office.
- The ad says Washington’s spending is "unsustainable," a judgment that can hardly be disputed, given that the federal government was spending more than $3 for every $2 that it took in during the fiscal year that just ended, according to CBO’s most recent monthly budget review. (Final figures for the fiscal year are still being tabulated.)
Where the ad goes wrong is its claim that spending "is not creating jobs," a false assertion echoed in several Republican campaign commercials. As we noted in our Sept. 27 article, "Did the Stimulus Create Jobs?", the stimulus package increased employment by between 1.4 million and 3.3 million, according to CBO’s estimate. Some independent economists put the total even higher.
The group attempts to back up its claim by citing the fact that the total number of jobs is lower and the unemployment rate is higher now than before the stimulus spending began. That’s true enough, but proves nothing about how much worse things would have been without the stimulus spending. It’s accurate to say that government spending hasn’t created enough jobs to offset those that have been lost, but simply wrong to claim that it hasn’t created any.
A Financial Black Hole
Hamel would say nothing about who gives to her organization, or even whether or not it accepts corporate funding. The group says on its websites that it is organized as a Limited Liability Company with tax-exempt status under section 501(c)(4) of the Internal Revenue Code. That leaves it legally free to accept such funds, without disclosing its donors publicly.
Hamel says of Public Notice, " are not a ‘political group.’ We are an education advocacy group." Her ad, however, calls for viewers to "find out how together we can hold Congress accountable." Not that there’s anything wrong with being a political group.
Before forming Public Notice, Hamel had a long history of working for Republicans. She was a press assistant for former GOP Rep. J.C. Watts of Oklahoma, then press secretary to GOP Rep. John Carter of Texas and later for the House Republican Conference. She was deputy assistant U.S. trade representative during the final years of the Bush administration.
eric seiger
eric seiger
'American Idol's Crystal Bowersox Gets Married | Fancast <b>News</b>
'American Idol's Crystal Bowersox married musician Brian Walker on Sunday, October 10, 2010, in Chicago, and will celebrate their anniversary on 10/10/10 along with the other approximated 40000 lovebirds who said 'I Do'
Denver Broncos <b>News</b>: Horse Tracks - 10/11/10 - Mile High Report
Your Daily Cup of Orange and Blue Coffee - Horse Tracks!
Arrowheadlines: Chiefs <b>News</b> 10/11 - Arrowhead Pride
Well, that happened. Good morning Chiefs fans, and welcome to Arrowheadlines. As you'd expect, there are a lot of Kansas City Chiefs stories out there this morning. We've gathered them here for you. Enjoy.
eric seiger
eric seiger
'American Idol's Crystal Bowersox Gets Married | Fancast <b>News</b>
'American Idol's Crystal Bowersox married musician Brian Walker on Sunday, October 10, 2010, in Chicago, and will celebrate their anniversary on 10/10/10 along with the other approximated 40000 lovebirds who said 'I Do'
Denver Broncos <b>News</b>: Horse Tracks - 10/11/10 - Mile High Report
Your Daily Cup of Orange and Blue Coffee - Horse Tracks!
Arrowheadlines: Chiefs <b>News</b> 10/11 - Arrowhead Pride
Well, that happened. Good morning Chiefs fans, and welcome to Arrowheadlines. As you'd expect, there are a lot of Kansas City Chiefs stories out there this morning. We've gathered them here for you. Enjoy.
eric seiger
'American Idol's Crystal Bowersox Gets Married | Fancast <b>News</b>
'American Idol's Crystal Bowersox married musician Brian Walker on Sunday, October 10, 2010, in Chicago, and will celebrate their anniversary on 10/10/10 along with the other approximated 40000 lovebirds who said 'I Do'
Denver Broncos <b>News</b>: Horse Tracks - 10/11/10 - Mile High Report
Your Daily Cup of Orange and Blue Coffee - Horse Tracks!
Arrowheadlines: Chiefs <b>News</b> 10/11 - Arrowhead Pride
Well, that happened. Good morning Chiefs fans, and welcome to Arrowheadlines. As you'd expect, there are a lot of Kansas City Chiefs stories out there this morning. We've gathered them here for you. Enjoy.
eric seiger
'American Idol's Crystal Bowersox Gets Married | Fancast <b>News</b>
'American Idol's Crystal Bowersox married musician Brian Walker on Sunday, October 10, 2010, in Chicago, and will celebrate their anniversary on 10/10/10 along with the other approximated 40000 lovebirds who said 'I Do'
Denver Broncos <b>News</b>: Horse Tracks - 10/11/10 - Mile High Report
Your Daily Cup of Orange and Blue Coffee - Horse Tracks!
Arrowheadlines: Chiefs <b>News</b> 10/11 - Arrowhead Pride
Well, that happened. Good morning Chiefs fans, and welcome to Arrowheadlines. As you'd expect, there are a lot of Kansas City Chiefs stories out there this morning. We've gathered them here for you. Enjoy.
how to lose weight fast big seminar 14
big seminar 14
big seminar 14
big seminar 14
'American Idol's Crystal Bowersox Gets Married | Fancast <b>News</b>
'American Idol's Crystal Bowersox married musician Brian Walker on Sunday, October 10, 2010, in Chicago, and will celebrate their anniversary on 10/10/10 along with the other approximated 40000 lovebirds who said 'I Do'
Denver Broncos <b>News</b>: Horse Tracks - 10/11/10 - Mile High Report
Your Daily Cup of Orange and Blue Coffee - Horse Tracks!
Arrowheadlines: Chiefs <b>News</b> 10/11 - Arrowhead Pride
Well, that happened. Good morning Chiefs fans, and welcome to Arrowheadlines. As you'd expect, there are a lot of Kansas City Chiefs stories out there this morning. We've gathered them here for you. Enjoy.
big seminar 14
Do you ever wonder is there any basic formula for making money?
The answer is YES. There's a single formula that works for every person making money in this world.
MONEY = TIME * RATE
Here,
MONEY is the amount of money you make.
TIME is the total number of hours that goes in the particular work for you.
RATE is your 'Market Value' in 'Currency Unit per hour' which depends basically upon two factors; your Qualification and Experience in that field.
The first thing that comes in mind after looking at this formula is to validate it on our own current work. Before reading further you must try yourself in this formula. You'll find it absolutely right. You may be in a business or in a job.
Now, let's take some examples from Robert Kiyosaki's Cashflow Quadrant.
The first class is Employee class where we have all the people doing jobs for some company or an individual. He may be at any position starting from a person cleaning the office to the person sitting highest in the office i.e. CEO. All of them have a fixed rate. The only difference is that someone's rate is high and someone's low. All of them make money depending upon the time they devote to the company. Their time is roughly constant. The only way they increase their income is by increasing their rate either by increasing their experience or by increasing their qualification. So you see as both these factors are limited in Employee class so they make limited money.
TIME = Ltd.
RATE = Ltd
MONEY = TIME * RATE = Ltd * Ltd = Ltd.
The second class is Self Employed. Here we have all the people who work for themselves like Doctors in their clinic, a person distributing newspaper, small shopkeepers. Any person who is working for himself and if he leaves his works for some months, it crashes. They also make money more or less like an employee and the formula applies to them in the same way like an Employee class. They also make limited money.
Third class is Big Business man like Bill Gates, Ray Kroc (Founder of Mc Donalds) or Bill Britt (Famous Network Marketer). This contains people who build a huge team and have a well established system. They have people working for them and if they leave their business for some months even for some years, their business keeps on giving them good returns. These people basically break the barrier of time. They also have only 24Hrs in a day to work but number of hours of work happening for them is more than thousands in a day. They keep on multiplying their time and for them the TIME factor is virtually unlimited. So they make unlimited money. For them,
TIME = Unlimited.
RATE = Ltd.
MONEY = TIME * RATE = Unlimited * Ltd = Unlimited.
The fourth class is Investor class like Robert Kiyosaki. These are the people who don't work for money. Money works for them. They know the power of investment. Some focus in investing their money and some focus in investing their time. They generate royalty type income and focus in creating assets. All the famous writers, developers, investors and venture capitalists come into this category. They are the richest class and have all the money in the world. Their money virtually runs governments. This formula works to them in a strange way. The definition of TIME to them is same but here no person is putting in some time for them, it is the actual money putting in its time for them which is unlimited. It can earn them any amount of money. So they also make unlimited money.
You must be thinking how to jump into third or fourth quadrant. I could suggest you a way. It is working for me. It may work for you. Just try to break the limited nature in the formula. If you can somehow make any one factor unlimited you could get anything you have ever dreamed of.
big seminar 14
'American Idol's Crystal Bowersox Gets Married | Fancast <b>News</b>
'American Idol's Crystal Bowersox married musician Brian Walker on Sunday, October 10, 2010, in Chicago, and will celebrate their anniversary on 10/10/10 along with the other approximated 40000 lovebirds who said 'I Do'
Denver Broncos <b>News</b>: Horse Tracks - 10/11/10 - Mile High Report
Your Daily Cup of Orange and Blue Coffee - Horse Tracks!
Arrowheadlines: Chiefs <b>News</b> 10/11 - Arrowhead Pride
Well, that happened. Good morning Chiefs fans, and welcome to Arrowheadlines. As you'd expect, there are a lot of Kansas City Chiefs stories out there this morning. We've gathered them here for you. Enjoy.
big seminar 14
'American Idol's Crystal Bowersox Gets Married | Fancast <b>News</b>
'American Idol's Crystal Bowersox married musician Brian Walker on Sunday, October 10, 2010, in Chicago, and will celebrate their anniversary on 10/10/10 along with the other approximated 40000 lovebirds who said 'I Do'
Denver Broncos <b>News</b>: Horse Tracks - 10/11/10 - Mile High Report
Your Daily Cup of Orange and Blue Coffee - Horse Tracks!
Arrowheadlines: Chiefs <b>News</b> 10/11 - Arrowhead Pride
Well, that happened. Good morning Chiefs fans, and welcome to Arrowheadlines. As you'd expect, there are a lot of Kansas City Chiefs stories out there this morning. We've gathered them here for you. Enjoy.
big seminar 14
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