Jim Hightower
Just when you think you've bottomed out on the level of cynicism it's possible to have toward Washington's constant kowtowing to the monied interests – along comes the "American Jobs Creation Act."

These days, whenever the White House and congress put a positive-sounding title on a piece of legislation, you can bet that the law itself does the exact opposite of what the title so gloriously proclaims.

The American Jobs Creation Act, pushed by George W and enacted last fall, does not create a single job. Instead, it's a massive multibillion-dollar tax giveaway to global corporations. Through this law's "homeland investment" loophole, corporations operating abroad are allowed to have some $400 billion in foreign profits taxed at the bargain-basement rate of only 5.25 percent, rather than the normal rate of 35 percent.

Is this another example of Owellian speech?