FATCA: A Ticking Time Bomb for the Economy

See also: Federal Reserve Shennanigans Buried in an ostensible jobs bill signed by President Obama last year is a little-noticed job-destroying government regulation that threatens to trigger a massive outflow of capital from the American economy. The U.S. economy is in bad shape.  Many want the federal government to fix it -- to end the deficits, create jobs, and get America back onto the track of growth and stability.  President Obama came to Washington with great promises: to restore international respect for the United States and to bring back the jobs.  When signing the HIRE Act of 2010 on March 18, 2010, President Obama said: A consensus is forming that, partly because of the necessary -- and often unpopular -- measures we took over the past year, our economy is now growing again and we may soon be adding jobs instead of losing them. The jobs bill I'm signing today is intended to help accelerate that process. Now the HIRE Act of 2010 contains a time bomb called...(Read Full Article)

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