Obama, China, and Corporate Taxes

OK, this wasn't the ad I was hoping to find but it will do the job. I saw an Obama ad last night that almost made me kick a hole in my TV. The ad's assertion was that McCain was giving tax breaks to corporations that export jobs overseas. That is the most underhanded, backward and utterly false statement since...well...probably just a few days ago.

What McCain wants to do is lower taxes on corporations BECAUSE higher taxes here are forcing them to do more of their business overseas. By lowering taxes here they will want to earn more money here. Simple enough for you Barack? If you don't lower taxes, or heaven forbid you RAISE them, guess what happens Mr. Economics? More jobs go bye bye. The one thing you claim to care about - the people - will lose even more at your hands. But you actually hate corporate America so much that you would rather hurt them and have people hurt as a byproduct then actually do something to encourage job and wealth creation in the US.

Did he even go to college? This is Economics 101. It sure as heck ain't brain surgery.

And yes...companies do want to expand their businesses to China. Wanna know why? 1.3 billion people and the fastest growing middle class in the world. Companies like to go places where there are a lot of people to purchase their goods and services. It's not because their airports are bigger and shinier. We also live in a global economy now. Get over it.