BBC NEWS | Business | Obama crackdown on tax loopholes

The results of this will be a mass exodus of US businesses. He is proposing (which in the case of this president is actually dictating) US based businesses pay the US government taxes on profits from goods and services made completely outside of the US. Companies will not tolerate this, and simply find a different way of operating that avoids this all together. I predict that several companies will simply shut down their base of operations here, and export their product to the US. So, we are in a recession where it is admitted that we have yet to hit bottom, and this guy wants to make doing business here even more expensive? He is an ideologue who's core belief is that government (read Obama) is the only thing that can run us stupid people's lives. Now I'm an ideologue also. I believe that the private sector will get us out of this recession and that the cause of the current fiscal disaster is because of government intervention. The difference is, I have evidence to support my theory and he has nothing but demagoguery and trumped up fears. I agree with Rush. Obama gets a D- for his first 100 days, only because we have to leave some room for his future failures. BBC NEWS | Business | Obama crackdown on tax loopholes: "The president said he wanted to 'make it easier' for US companies to create jobs at home."