This is purest predaton. No doubt whoever slipped this into the porkulus bill did not spend five minutes considering possible unanticipated consequences. But this is so much more than finding new was to prey on the little guy. Forcing every bank in the whole dam world to spend jillions on new software and specialists to rat out people who are in many cases their own citizens AND make it that much harder to do business with America is a nightmare come to life. The consequences promise to be huge. In fact, it’s clearly not going to work. This monster is going to collapse but only after causing much bad blood for us everywhere. Deservedly so, this time.
Conservatives don’t use the term “imperialist” often but this qualifies in spades. And this is liberal imperialism all the way.
Why doesn’t the IRS just put a tax lien on their citizenship, foreclose, and sell it to the highest bidder?
Revenue enhancement, son, they call it revenue enhancement.
So?....Will this increase unemployment or decrease unemployment here at home? Count on the fascist Obama to make the wrong decision for the little guy.
Not only will less business be done with overseas enterprises but visitors to the U.S. will decrease and that means fewer jobs in many areas of the economy.