Category Archives: Foreign
Economic Patriotism
President Obama’s favorite billionaire is making a run for the border. Warren Buffett’s Berkshire Hathaway will finance Burger King’s purchase of Canadian donut dynamo, Tim Hortons.
Economic Patriotism
As a Canadian operation, Burger King will still have to pay US corporate taxes on earnings inside the United States. But earnings outside the US will only be taxed at the rate of the country where they occur. US companies have to pay taxes in the countries where they operate and also must pay IRS the difference between those rates and the US rate. The Obama administration calls this economic patriotism.
Burger King’s move is called a tax “inversion”. Matt Levine gives a great explanation in this Bloomberg article.
The US corporate rate, including state and local taxes comes to about 40%. That’s the highest in the world outside the Islamic State jizya. Roberto A. Ferdman provides a nice chart in the Washington Post showing the tax rates of the 34 OECD countries.
The nominal corporate tax rate in the U.S., which combines national, state, and city-level tax rates, is nearly 40 percent—the highest across all 34 Organization for Economic Cooperation and Development (OECD) member countries. Canada’s, by comparison, is just over 26 percent.
JV Team
Back when President Obama was bragging that core Al Qaeda had been destroyed, he dismissed ISIS as a terror JV team. Now the JV team is rich and armed with American military hardware. It controls territory in Iraq and Syria. And it’s as comfortable with social networking as it is with beheading.
Last week Defense Secretary Hagel had this to say about the JV team: “This is beyond anything that we’ve seen” … “The sophistication of terrorism and ideology married with resources presents a whole new dynamic and paradigm of threats to this country.”
Joint Chiefs Chairman General Dempsey added, ““This is an organization that has an apocalyptic, end-of-days strategic vision which will eventually have to be defeated.” He also said ISIS would have to be attacked in Syria to be destroyed.
JV
By Monday it wasn’t clear that the White House was on board with Dempsey’s assessment.
Apocalyptic though it may be, Dempsey now says ISIS is not a “direct threat” to the U.S. and he won’t propose bombing in Syria until it is.
The president is evolving.
James Foley
The New York Times reported that ISIS wanted $130,000,000 ransom for James Foley. European countries have paid ransom in the past. It’s a major source of income for ISIS. The US policy is not to pay ransom for hostages, on the theory it encourages more hostage taking.
The same theory doesn’t seem to apply when it comes to swapping terrorists for American hostages. We gave up five of GITMO’s worst bad asses to bring home alleged deserter Private Bergdahl.
Bergdahl’s parents were flown in from Idaho to celebrate the joyous occasion with President Obama in the White House Rose Garden.
James Foley
James Foley met his grim fate with courage. His parents showed the source of that fortitude in their meeting with the media to discuss their son on the day of his death.
Obama played golf.
Military Policing
The American people don’t want the US military policing Ferguson, Missouri any more than they want it policing Mosul, Iraq. Besides it’s kind of illegal. But that doesn’t keep the Pentagon from shipping free military hardware to police forces all over the country. Your local cops are armed to the teeth with everything from assault vehicles to grenade launchers. The Washington Post says half a billion in free gear was handed out to cops last year. That doesn’t sit well with Rand Paul. Or Mark Steyn. Not to mention, cops in camo look ridiculous on main street.
Shouldn’t a ‘Ferguson’ camo pattern be, like, 7/11 & Kool-Aid logos?
Military Policing
The single bullet Barney Fife policing method may not be the way to go, but more dashboard cameras and fewer MRAPs might not be a bad idea. A convenience store camera showed that Michael Brown wasn’t the “gentle giant” he was made out to be, as he strong-armed his way to a box of Swisher Sweets. But as Steyn notes, we’ll never see the way he was killed because the cop who shot him lacked a dashcam.
Update:
Here’s Kevin Williamson in NRO on the purpose of policing. And Mark Steyn from last November on our “drift toward despotism“.
In other news, local cops aren’t the only ones we’ve armed to the teeth.
Stupid Shit Obama Doctrine
When President Obama is not saying “the Bear is loose”, as he pretends to break the bonds of his keepers, he likes to say he “doesn’t do stupid shit”. Not doing stupid shit seems to be the Obama Doctrine. (I changed “shit” to “stuff” in the cartoon to get it in the newspaper. Harry Truman wouldn’t have given a shit:
Reportedly, at a speech to a Washington garden club, he kept referring to the fact that flowers need manure. Now, in those days, even the word “manure” was a little extreme for such ladies, and afterwards one complained to Mrs. Truman. “Can’t you get the President to say ‘fertilizer?’” “Heavens, no,” Mrs. Truman replied “It took me twenty-five years to get him to say ‘manure’.”)
Anyway, with 2016 approaching, Hillary decided to put some daylight between herself and Barack I. In an interview with Jeffrey Goldberg in Atlantic, the former secretary of state said, “Great nations need organizing principles. “Don’t do stupid shit” isn’t an organizing principle.”
Obama’s response? “That’s horse shit!”
Dana Milbank accuses our fecund fecal minded ruler of going on vacation “while the world burns”. “If not in the category of “stupid “stuff” it could fall under the heading of tone deafness.”
Even Obama agrees.
