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Fox & Friends Cheerlead U.S. Companies Moving Overseas, Blame Obama For It

Posted by Ellen -7859.80pc on July 28, 2014 · Flag

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In his weekend address, President Obama denounced “tax inversions,” i.e. a loophole that allows U.S. corporations to avoid taxes by moving overseas. “They’re basically renouncing their citizenship and declaring that they’re based somewhere else, just to avoid paying their fair share,” Obama said. Early this morning, Fox & Friends all but got out pom poms to cheer the fleeing corporations on their way to escaping the evil Obama.

Fox Business’ Stuart Varney joined the Curvy Couch Crew and right away scoffed at President Obama’s stance as little more than an election-year ploy to make himself look good by painting corporations as unpatriotic. Any loyal Fox viewer's blood probably started boiling already. Even if those corporations are behaving - well, unpatriotically.

But just in case, Varney and company went the extra mile to make you think that if Obama wasn’t such a terrible president, those poor companies wouldn’t have to take their all-time-high profits out of the country to avoid taxes.

VARNEY: Now, the president wants to put a fence around America, stop anybody leaving, that’s what he wants to do. Instead of encouraging them to stay.

Co-host Steve Doocy just happened to have at hand a graphic showing where businesses are “not putting their money” due to high corporate rates. The country just below the U.S., ranked third, was Japan. Yet moments later, as he read a list of countries that have left the U.S., he announced with indignation that Jim Beam has gone to Japan. A quick Google search indicates the company was bought out by Suntory of Japan, not that the company fled to avoid taxes

For even more political points, a banner on the lower third of the screen read: “JOBLESS JOLT: DO HIGH CORPORATE TAXES HURT JOB CREATION?”

Co-host Elisabeth Hasselbeck piled on: “Instead of admitting that the environment here to maintain business and profit in the United States is bad, the president then is blaming companies for doing what they need to do,” she said.

“It’s unbelievable!” Co-host Brian Kilmeade added. “What is the goal of the corporation? To maximize profits and revenue for the investors and their shareholders.”

“It’s their responsibility to do that!” Varney exclaimed.

And it’s Fox News talking heads’ responsibility to demonize every single thing President Obama does, no matter how good it might be for the country, and promote corporations-as-people over people-as-people no matter how bad it might be for the country.

Watch the four Fox hosts put politics over patriotism below.

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Richard Santalone commented 2014-07-29 09:19:28 -0400 · Flag
@ Steve St John Don’t forget Steve: in the world of corporations and their perpetual Wall Street pals, working class folks like you and me have ABSOLUTELY, POSITIVELY NO RIGHTS, FREEDOMS OR LIBERTIES except those that the government and their corporate sponsors choose to give us. Here is a link that shows the fourteen characteristics of FASCISM — and always remember: outside of violent anti-Semitism and “master race” ideology, FASCISM AND NAZIISM ARE ONE AND THE SAME:

http://www.thirdworldtraveler.com/Fascism/14_Characteristics_Fascism.html
Richard Santalone commented 2014-07-29 09:13:11 -0400 · Flag
“Fascism should be called corporatism, since it is the merger of state and corporate power”

—words spoken in the 1930s by Benito Mussolini, aka “Il Duce” of Italy
Richard Santalone commented 2014-07-29 06:53:44 -0400 · Flag
In my honest opinion, Faux & Friends are nothing but 100% DYED-IN-THE-WOOL BROWNSHIRTED GOOSE-STEPPING RIGHT ARM EXTENDING NAZIS! They are simply TOO DAMN STUPID to realize that, no matter how you slice it, when corporations don’t pay taxes or pay WAY LESS than their fair share, WORKING CLASS FOLKS (including me) ALWAYS GET STUCK WITH THE BILL IN THE END!

’Nuff said.
Steve St John commented 2014-07-29 01:46:15 -0400 · Flag
We must all bow before the holy corporation.
NewsHounds posted about Fox & Friends Cheerlead U.S. Companies Moving Overseas, Blame Obama For It on NewsHounds' Facebook page 2014-07-28 20:33:32 -0400
Those poor corporations and their record-high profits!








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