President Obama continues piloting a train wreck, suggesting that a complete overhaul of the tax code is needed. While in the middle of a recession, after nationalizing companies and focusing on the Obama Love Boat Tour, he drops the ball again.
How is a company going to know how some future tax code is going to affect their investments in plant, infrastructure or growth acquisitions? They won't, so they will delay these decisions for another year until the implications are known.
Dick Morris sums it up in this link: