Obama thinks tax-avoiding corporations are economically unpatriotic.
Corporations merging with foreign companies and moving headquarters to those other nations, as a means of incurring lower tax rates, are taking heat from Obama.
He says they’re ‘unpatriotic’, and the tax loopholes allowing such acts should be closed.
Obama’s comments would probably seem more genuine, if he hadn’t helped a GM spin-off, Delphi, do the exact same thing in 2009…with $1.7bn of our taxdollars to help.
But, what else is new? Maybe he thinks it’s different, when union jobs are at stake?
However you look at it, his lips are moving, which can only mean one thing…
(Hat tip to Bloomberg.com’s Z. R. Mider)