Apple CEO Tim Cook informed the Senate the other day that he had no intention of moving Apple's 100 billion off-shored cash hoard back to America until such time as US authorities dropped their tax rates to the 2% his company pays in Ireland.
Not long after Tim was done delivering his ultimatum to the Senate Finance Committee, a bridge in Washington State fell into the Skagit river.
While the short-term explanation of the Skagit River disaster will focus on that unfortunate Canadian trucker, in the long term saner minds are sure to afix blame to America's non-existent infrastructure renewal program.
Tens of thousands of bridges in America need rebuilding. That will require many billions of dollars.
But American companies are given a kiss and a hug for figuring out how to offshore their revenues and avoid American taxes.
How will that mind-set fix the Skagit River bridge?
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