Apple’s CEO, Tim Cook, was placed before a Kangaroo Court (AKA: a Senate hearing) to explain his company’s practice of “tax avoidance.” It was somewhat strange timing, given the IRS’s current scandal of inappropriately flexing their muscle at conservative oriented non-profits. Nonetheless, John McCain and a number of other senators attempted to shame Apple into admitting there is something wrong in minimizing a businesses’ tax burden.
As if maximizing profits (which benefit employees, shareholders and consumers) is a bad thing, the hearing attempted to demonize Apple for utilizing the very loopholes that McCain and company put in the 74,000 page tax code. To the extent that Apple is doing something “wrong”, it is the fault of an overly complex tax code. It would also seem curious, given the Benghazi scandal, the DOJ’s oppression of reporters, and the IRS’s inappropriate profiling of conservative groups, that the hearing was little more than a waste of time.
This brings us to another point: The recent hat-trick of scandals seem to be making life pretty difficult for President Obama. When the administration decides to begin talking about drone attacks on American citizens in an effort to assuage the persistent reporting on the other three scandals. . . Well, it can’t be a good sign.
President Obama read from the teleprompter at length today about “reframing” our war on terror. In a major address, the president read:
“Our systematic effort to dismantle terrorist organizations must continue. But this war, like all wars, must end. That’s what history advises. That’s what our democracy demands.”
Right. . . Why don’t we just drone strike it? Buried deep within the otherwise uncomfortable topic of killing American citizens abroad, the subject of DOJ intrusion on first amendment rights was touched on. (It seems questions about the scandals just aren’t going away.) ABC reported:
President Obama is a little uneasy with the way journalists have been dragged into the Justice Department’s aggressive pursuit of national security leak investigations. In fact, he has ordered Attorney General Eric Holder to conduct a 45-day review of the department’s guidelines on the issue.
So. . . Eric holder is going to be responsible for investigating the impropriety of his own actions? The man signed off on the seizure of a Fox News reporter’s emails, and the President has the audacity to ask that he investigate the department’s guidelines?
Today, at 11:20 AM PT: Get the Market Movements in Advance; Williams Edge Webinar for July 30th, 2014 | John Ransom
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Today, at 11:20 AM PT: Get the Market Movements in Advance; Williams Edge Webinar for July 29th, 2014 | John Ransom