By buying out a foreign company and using it as a tax haven, companies that "invert" don't move abroad in any real sense, and continue to benefit from America's infrastructure, education system, security and large consumer market.
JP Morgan has finally, finally been brought up to account in the congressional hearings yesterday. Senators Levin and McCain could barely contain their disdain and outrage suffering the self-serving and evasive responses to their incisive and deeply prepared questioning.
If the Justice Department can catch a baseball player, why can't it catch the guy who forecloses on peoples' homes, and whose actions pressured the economy to his own benefit while millions were losing their jobs?
The transfer of billions upon billions of dollars from American and world consumers to oil interests both domestic and foreign continues on and will continue in spite of the programs enunciated by the president.