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Thursday, 23 February 2012

Irish Media Wakes Up: When Will the French Media See the Difference?

Loyalty and friendship?

I have written here about the youth across America and Europe living with parents. I have written about the high jobless numbers of youth 18-35 in these areas, and specifically in Ireland and Great Britain. Today, the Irish Times online has highlighted the newest plan of the Obama Administration to break up traditional ties with European, pointedly, Irish society by imposing a higher tax for overseas American coorporations. There are, according to the article here, six-hundred American companies established in Ireland which hire the Irish, including youth. I see hundreds of unemployed Irish youth daily. Thousands are living at home, like adolescents. Some are in government housing. The problem exists in America as well, as even the Irish paper online has noted. But, behind the Obama move to make life more difficult for the Irish is his systematic undermining of traditional relationships with European countries, at the expense of good will and commerce. From the article:

A US economist and tax expert who recently gave evidence to the ways and means committee in the US House of Representatives, Martin Sullivan, told The Irish Times last night that Ireland had benefited more than any other country from the fact that US corporations don’t pay US tax unless they repatriate their profits.
“So Obama’s proposals to significantly curtail those benefits are a serious threat to the Irish economy

I do not believe in bailouts, such as the Greek or even the Irish rescue. However, I do believe in helping companies thrive and reach out to the younger population,  who have skills, especially in technology. Youth, of course, have to want to work, (see yesterday's first post), but to purposefully tax American companies, which are helping the global economy seems like nonsense, and will have repercussions financially and socially. America is rapidly being seen as no longer the friend of the very countries whose sons and daughters built up that great country. But, Obama does not have a European bent, either in ideology or in religion. This could be the reason for the further snubbing of Ireland.

By the way, I refer to the French in the title of this post, as there still is some sort of love-affair for Obama in the media there. Why, I do not know.