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I'm merely trying to decipher out which argument the President believes. There is no question that Obama does, however,where to buy cheap lululemon, he believes that deficit reduction needs to be accompanied by tax increases on wealthier Americans so that the impact of cuts on the middle class won't be so severe.That's the long and the short of it.The GOP believes that the burden of deficit reductions needs to be born by the middle class alone.  You have doubts?  Look at their legislative history and their rhetoric for the past few years. See recent comments by Harry Reid and Howard Dean regarding the need to get more tax revenue out of the middle class.  If you taxed the $250k bracket at 100% you still couldn't cover the deficit and they know that.  Of course that's not what they told voters before the election. It Sure Feels Like A Recession - While stocks suggest all is well, one glance at the following chart of US, Europe, and Asia (ex-Japan) EBITDA tells a very different story - http://www.miguelangeldiez.com/mercadosApple is going through a sour patch right now. On Monday, TIME columnist Tim Bajaran asked if Apple s amazing run disrupting markets is over. The Cupertino-Calif.-based tech juggernaut has not introduced a truly break-through new product since co-founder Steve Jobs died over one year ago. As a result, Apple s stock price has suffered,lululemon pants, declining 24% over the last six months. Apple investors are getting nervous.Meanwhile, hedge fund titan David Einhorn has launched a lawsuit against the company aimed at getting the company to return some of its $140 billion cash hoard to shareholders who, after all, own the company. Apple has said it will consider Einhorn s demands, but that didn t stop Apple CEO Tim Cook from slamming Einhorn s campaign as a silly sideshow at the Goldman Sachs investor conference in San Francisco on Tuesday morning.This context helps explain why Cook , a runner-up for TIME s 2012 Person of the Year, has been on something of a PR tour in recent months, appearing on the cover of Bloomberg BusinessWeek and showing up for a rare on-camera interview with Brian Williams of NBC News.(MORE: Is Apple Losing Its Shine After Steve Jobs?)Tonight, Cook will join first lady Michelle Obama during President Obama s State of the Union address. (Presumably, Cook is on a private jet headed to D.C. as I type.) It s the continuation of Cook s PR offensive, and the symbolism isn t lost on tech watchers. Last year, Jobs s widow Laurene Powell Jobs sat with Mrs. Obama, as the president touted the company as an exemplar of American innovation. And indeed it is.Last year, President Obama and other lawmakers called out Apple as the epitome of U.S. innovation. But there was a tension to that shout-out, given that most of the jobs that Apple has created have been at the giant Chinese manufacturing conglomerate Foxconn, which has been bedeviled by labor issues, prompting Cook to tighten the company s supplier review process. And that s the problem with holding Apple out as a U.S. success story: The company now does well over half of its business overseas, and employs most of its manufacturing workers and contractors in China. This does not exactly constitute a U.S. job-creation success story.Late last year,sheer lululemon pants, in response to criticism, Cook said that Apple plans to spend at least $100 million to “do one of our existing Mac lines in the Unites States.” (To put that in perspective, Apple made over $50 billion in profit over the last 12 months.) In the Bloomberg interview, Cook added: “This doesn’t mean that Apple will do it ourselves, but we’ll be working with people, and we’ll be investing our money. Watch for President Obama to tout Apple as an example of U.S. companies that are aiming to bring jobs and investment back home.One feature of Apple s business that President Obama will most likely not highlight is Apple s intricate tax avoidance strategy. Last year, The New York Times reported that Apple paid a global cash tax rate of only 9.8% — $3.3 billion on profits of $34 billion — compared to a tax rate oRelated articles:

  
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