It's very simple. The government should create a positive climate for business. Not run it. Obama, listen to this guy...it's a great company. But they're going to leave because you simply don't get it.
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.
What policies in specific?
- $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
Read the whole thing for a primer on how to fuck up an economy. And on the other side, the simple ways to fix it.
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