Obama Looking to Kill More American Jobs

Losing 8.5 million jobs isn't enough for Obama - he wants to kill more. Otherwise, why would he continue to insist on taxing American companies' oversea profits? All it would do is cause them to move their headquarters offshore.

"There is no reason why our tax code should actively reward them for creating jobs overseas," Obama said. "Instead, we should be using our tax dollars to reward companies that create jobs and businesses within our borders."

This is the view one would have in first or second grade. After one learns about the economy, one realizes he should be looking for a way for American companies to repatriate the billions of dollars that are trapped overseas because bringing it back to the U.S. would result in huge taxes. Giving them a repatriation holiday would create $100 billion true stimulus to the economy, providing a huge new investment and job source. Instead, Obama is forcing them to go the other way.

Sad.