US "Imperialism" On the March

They told Glenn Reynolds that if he voted for McCain the U.S. would increasingly be seen as imperialist, and they were right!!

A U.S. law meant to snuff out billions of dollars in offshore tax evasion has drawn the criticism of the world's banks and business people, who dismiss it as imperialist and "the neutron bomb of the global financial system."

"FATCA is a blunt instrument for which foreign banks have no choice but to each spend tens of millions of dollars to help the U.S. enforce its own tax law," said Scott Michel, a tax lawyer at Caplin & Drysdale in Washington, D.C.

A senior American finance executive at the Hong Kong branch of a major investment house told Michel that FATCA was "America's most imperialist act since it invaded the Philippine Islands in 1899." The regulation, Michel said, was "engendering a profound and growing anti-American sentiment abroad."

Lovely. I guess that means we could ingratiate ourselves with the world by electing someone who vows to repeal this act...