From Big Government.com, Here is an excerpt from Warner Todd Huston on this subject
"On November 11, David N. Farr, Chairman, CEO and President of Emerson Electric Co., announced at the Baird 2009 Industrial Conference in Chicago that President Obama has succeeded in chasing his multi-billion dollar industry right out of the U.S.A. Why? Onerous regulation, high taxes, and the over $1 trillion Obama debt should be reason enough for any business to consider shutting down U.S. facilities and seeking greener pastures overseas says Farr."
So much for "creating and saving jobs." But, hey, who thought Obama's policies would be anything good for America? Not me!! I wonder how long Americans are going to sit out here and take it. I'm guessing if some serious major changes don't appear in the 2010 elections, there is going to be some hell-raising in the hinterland. But since our election process has become so infiltrated and corrupted, I'm not banking on elections that make any sense anymore.
The federal government is “doing everything in [its] manpower [and] capability to destroy U.S. manufacturing,” says David Farr, chairman and CEO of Emerson Electric Co., in a presentation at the Baird 2009 Industrial Conference in Chicago Ill., on Nov. 11. In comments reported by Bloomberg, Farr added that companies will continue adding jobs in China and India because they are “places where people want the products and where the governments welcome you to actually do something. I am not going to hire anybody in the United States. I’m moving. They are doing everything possible to destroy jobs.”
Speaking of banking....have you looked at CD rates lately? To all of the idiots who voted for this guy....thank you so much for further ruining any sense of reasonable balance in the financial sector. If you are in business and can't get any operating capital loans, and banks are not returning much of any interest on investments, well....the engine is in big trouble. The gears are frozen. What's Obama's answer to this? Steal more money from the citizens to give to Socialist / government entities. Forced unions on businesses, expensive and lousy Health Care, and rape all of us with Cap and Trade laws that will send more money to the government and out of the country. Great ideas there ole Presbo! George Orwell knoweth ye well!!
Here is Mr. Farr's list of Obama's helpful business incentives:
Our Government at Work to Help the U.S. Economy Grow:
- $1.41T Deficit 10% of GDP
- $12T of Government Debt Going to $20+T in 10 yrs
- Print more money – “Quantitative Easing”
- Non-Targeted $800B Stimulus
- Wall Street & Car Bailouts
- Cap & Tax Legislation?
- Government Healthcare takeover: $1+T
- Taxes and Regulations (increasing)
- Lack of U.S. $ Support