Thursday, November 12, 2009

Obamanomics fail

According to Bloomberg news, Kevin Griffis, a spokesman for U.S. Commerce Secretary Gary Locke, says the Obama administration is working hard to saving US jobs:

“This administration has made a significant commitment to U.S. manufacturing, including reforming the country’s health insurance system to bring down costs and make American companies more competitive globally,” Griffis said. [Emph. added]

What do US manufacturers think of that? Emerson Electric Co. makes electrical equipment, including the well-known InSinkErator
garbage disposals, and has an annual sales of $21 billion.  Emerson Chief Executive Officer David Farr explains the predicament that Pres. Obama has created for him:
“Washington is doing everything in their manpower, capability, to destroy U.S. manufacturing,” Farr said today in Chicago at a Baird Industrial Outlook conference. “Cap and trade, medical reform, labor rules.” ....

"What do you think I am going to do?” Farr asked. “I’m not going to hire anybody in the United States. I’m moving. They are doing everything possible to destroy jobs.” [Emph. added]
Hat tip: Instapundit.

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