On present trends, most of Europe will soon have lower income tax rates than most of America. And now the European Union is stealing another competitive march on Washington, this time on a free trade deal with the world’s 13th largest economy, fast-growing South Korea.
Last week Brussels and Seoul finished the outline of a new trade agreement, and the two sides will now write up the technical language to codify it. As for the pending U.S.-Korea trade agreement, Congress has done . . . nothing.
It is no wonder to me why President Obama believes and does what he does: he has zero experience in the private sector, zero executive experience, and even very limited experience in government.
Obama Administration to Seek New Power for SEC on Executive Pay – Bloomberg.com.
Today’s proposal, subject to congressional approval, would cover all public companies. President Barack Obama has long supported giving shareholders nonbinding votes on bonuses, salaries and severance packages. The administration also will name a “special master” to monitor compensation plans for firms receiving exceptional assistance in the financial rescue.
Geithner is a terror, and backed by Obama? We’re in serious trouble. Why can’t these people see the damage they’re doing to American progress. We’ll soon see the proof. Some people just need many lessons to learn, and others like the current administration, never will learn if they haven’t now. We just need them out.
Finish his law degree? No, Brian Deese has G.M. to dismantle..
Obama likes to hire his election cycle political lap dogs with the same real world experience he has. None.