Obama: "No business wants to invest in a place where the government skims 20 percent off the top."

The son of a white woman from Kansas and a black goat herder-turned-academic from Kenya, Obama delivered an unsentimental account of squandered opportunities in postcolonial Africa. America's first black president spoke with a bluntness that perhaps could only come from a member of Africa's extended family.

"No country is going to create wealth if its leaders exploit the economy to enrich themselves, or police can be bought off by drug traffickers," he said.

"No business wants to invest in a place where the government skims 20 percent off the top, or the head of the Port Authority is corrupt. No person wants to live in a society where the rule of law gives way to the rule of brutality and bribery. That is not democracy, that is tyranny, and now is the time for it to end."

Er, I think someone needs to fill Obama in on the current corporate tax structure for this country. Businesses here can count on a corporate profits tax of 35% combined with local, county and state taxes they can expect to pay upwards of 42%+. Maybe all our entrepreneurs should move down there as 20% is a real bargain.