Never mind that they have all their offices, employees, and executives in the United States, and do all their business with the US and the US's main trade partners. They say they're from this small island with a 1.5% tax rate, and all of a sudden they don't have to pay the taxes that sustain the society they depend on for their workers and offices. Companies which utilize these shelters are leeching off of each and every one of you by basically living in a place and not paying for it. How do you expect a government with a relatively low tax rate compared to other industrialized countries, but 300 million people and tons and tons of land to look after and maintain, to compete against a tiny nation of several thousand that can survive purely on the pithy tax rates they charge their businesses?
CNN, fox news, and MSNBC seem to be all aiming straight for the dumbest 5% in america, where there is very little detail, high on entertainment, and very little actual news or interesting bits. Listen to Lou Dobbs for more than 2 minutes and you'll feel dumber and less informed, and only have vague generalities about whats going on in the world (the world being, of course, the continental US).