More Regulatory Vandalism

Even though it violates existing law, the IRS is seeking to impose a regulation that will discourage foreign investment in the U.S. economy and undermine the competitiveness of American banks. Although this is a long video it is important to understand the scope of President Obama's war on American business. In addition to the legislative burdens of Obamacare and Dodd-Frank is the regulatory offensive that shuts down drilling in the Gulf of Mexico. Proposed EPA regulations threaten thousands of jobs in the coal mining industry, shutting down power plants in the process and as this video explains IRS regulations that will chase foreign investment out of the country resulting in fewer jobs. The magnitude of the damage to the U.S. economy by this administration cannot be accidental. This is patent vandalism.