Obama Job Summit: Another Manufacturer Opts Out of U.S.A.
by Warner Todd Huston
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.
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.”
During his slide show on the state of Emerson’s business, Farr noted that the “unprecedented job loss experienced in this recession will result in a much slower U.S. recovery” and the federal government is making matters worse. The slide reports that the job loss this time is by many magnitudes worse than previous recessions. Noted are job losses from several recessions: 1980 with 1 million jobs lost; 1982 with 2.8 million; 1990 with 1.5 million; 2001 with 2.7 million. Finally Farr notes that we’ve seen a whopping 7.3 million jobs lost thus far (and climbing) in this 2008-2009-2010 recession.
And the culprit? Obama’s government interference. Farr’s presentation noted the following:
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
Emerson reported that sales for the 2009 fiscal year fell to $21 billion, down from $25 billion in 2008. An operating profit of $3.2 billion was earned in 2009.
Another key to Emerson’s decision to continue its overseas development is the rapid growth of its emerging markets. 2009 sales to emerging markets rose at a quick pace reaching $6.7 billion and is projected to reach $12 billion by 2014.
Between 1999 and 2009 “73 percent of growth is from emerging markets!” Farr exclaims. “More than 60 percent of our growth is expected to come from emerging markets over the next five years so Emerson will continue to invest in these key markets.”
Obama’s government with its discouraging interference in the market and the deleterious effects that has had on the national business climate all tends to make foreign shores seem very attractive for American business. At a time when the U.S. is losing almost as many jobs as the last four recessions combined Obama is making the business climate much worse with his policies. But, this shouldn’t surprise anyone. Barack Obama is a good ol’ Illinois pol, after all. And Illinois ranks among the worst business climates in the country.
For more information on Emerson:
www.emerson.com/
Baird 2009 Industrial Conference
November 11, 2009
Chicago, Illinois
Presenter: David N. Farr, Chairman, CEO and President
View Mr. Farr’s presentation (PDF)
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135 Comments
Well, at least I know why I haven't gotten that PO from Emerson that I have been expecting.
Don't blame them……..blame the voters that wanted change……..this is just the beginning
the last one to leave "Please turn out the lights"
[...] Another US manufacturer has decided to move its operations overseas. Big Government reported this from Manufacturing News: The federal government is “doing everything in [its] [...]
This is exactly what I have been witnessing amongst many other multinational companies. Unions have killed our labor force, productivity, and individuals drive for building the best products in the world….while emerging markets like BRIC countries, are kicking our ass….so no surpise to me to hear Emerson doing what most companies are doing. Obama is just excelerating this exodus faster with his socialist and unionist agenda. Obama wants public sector to take over more jobs and take them away from private sector. Then have SEIU organize all govt. employees, and alah….keep DEMs in charge forever….the new elitist aristocracy!!!!….but, entreprenuers must move to countries that are pro business….and it's easier today than ever before to relocate, especially, since 95% of the future market potential is outside the USA…..why be where you are not wanted????
"Please turn out the lights"
Won't need to. Cap & Tax will take care of that.
Another venerable American company takes the exit while politicians continue to make it unprofitable to conduct business here. Why am I remembering John Kerry's description, during the 2004 campaign, of such companies as "Benedict Arnold corporations?" (Did anyone see the irony of a person with his history making such an accusation?)
I'm probably dating myself, but I recall Emerson radios and TVs made in this country, and during the first few years of my long-ago military service I served as a turret gunner in Navy Patrol aircraft. My turret was designated an "Emerson 250 CE 328." Emerson, of course, was the manufacturer. The 250 signified two .50 caliber machine guns and the CE stood for cylindrical electric. The 328 was a model number.
Just another nail in the coffin of American industry
Can't say I blame Mr. Farr when you persuit of happiness is being taken away by Hussein and his Posse of Clowns, what choice do you have left.
Hmm, I'm guessing he won't be invited to the jobs summit. Obama < Carter.
We all talk about 'they are doing' and what Obama is doing and all the while it is the people who have to live with these policies and this economy.
You understand the word economy is not an abstract thing, it means YOUR STUFF. Your food, homes, jobs and lifestyle. 'They' are stealing it.
It is not enough anymore to talk. I have called my representatives countless times. You might as well be calling the tooth fairy.
The time for talk is over. This is our children's future at stake.
From a post November 12th, 2009. Mr Farr gives voice to the rationalist fears about divering nearly two trillion dollars this year alone away from private investment and into government debt.
"At the end of the Depression (ended by WWII) and despite seven years of so-called stimulus, socialist labor tinkering, and tax increases the U.S. entered the war with unemployment above 15%. Despite nearly one trillion dollars in stimulus in Japan since 1990, can anyone seriously argue that the Japanese economy is robust?"
"For example, gross private fixed investment actually declined for eight quarters beginning in the fourth quarter of 2007. The decline accelerated dramatically in the first quarter of 2009. It is arguable that the giant sucking sound of treasuries was among the contributing factors to this decline along with the general environment of fear, collapse of the credit markets etc. In fact, including the most recent quarter, non-residential private fixed investment has an active decline streak of 15 months."
For More See:
http://thanksforthelaughs.wordpress.com/2009/11/1...
Lazy Jack
“Galt’s Gulch,” before your very eyes. Look for Barry to double down on stupid at the big “jobs summit.” God help us!
"Obama’s government with its discouraging interference in the market and the deleterious effects that has had on the national business climate all tends to make foreign shores seem very attractive for American business."
What would people expect? The Obama Administration is full of Academic Theorists and Statisticians, including Obama himself who have never head a real job, or created one. All they know is suckling from the government teat, and gorging at the government trough. Obama is an embarresment to America,
Add this to the tally of jobs "created or saved".
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This is just the tip of the iceberg that the Obama administration is forming. The exodus of business's greater than 500 employees or more will start to happen very quickly because of the way stimulus money is being spent, taxes on business are to high for a profit margin and they don't want to have to take chance of having to accept Federal bail-out monies to stay in business and then become government controlled like in all communist countries. So they leave to greener pastures and security where there is less risk of the above items mentioned that will happen to them. Real simple. The Free Market System will work but the Obama administration will hamper growth until he is defeated in 2012.
This job summit is an absolute joke. You have leftwing parasites that have fleeced Americans for Trillions, poured taxpayer dollars into union coffers, funneled taxpayer dollars to foreign investors through conduits like AIG, used strong-armed tactics to pressure secured creditors at Chrysler to unlawfully give up their legal priority for reimbursement so that the UAW could steal the company with a majority share [frankly obama should be imprisoned for this], the democrat despots have nationalized banks and are threatening to nationalize our healthcare. And now they’re going to try and create jobs in the private sector?
These people are delusional. The first steps they can take in helping the economy is undoing everything Hussein has done thus far.
I’m a small business owner. These political clowns in DC were floating the idea of giving business owners $3,000 tax credit to hire new employees. Wow, with that amount of money I can pay them approx $1.40 an hour with no benefits.
This nation has fallen so far from grace.
God isn't going to help US. We abandoned him a generation ago………..
I'm sure Andy Stearn will be "under" ah … I mean at the table with Obama
OBAMA AND COMPANY NEED TO MAKE THE PUBLIC AWARE THAT EVERYTHING HE HAS OR WILL DONE
IS WRITTEN IN THE CONSITUTION OF THIS COUNTRY NOT THE MUSLEM COUNTRY HE WANTS.
Russia had NOTHING to lose by NOT going to work. Maybe this is what it will take here in the US! They can’t force people to work-this is not slavery. The stock market would crash as well as all government activities. It would serve this poor excuse for a president, if this happened under his “watch.” TAX PAYER REVOLT!
Obama only cares about UNIONS. He has no interest in anyone who does not get a W-2 and is not a member of a union. In HIS mind the only means of effective redistribution is by way of UNIONS. Unions current represent only 15% of the workforce, while Obama's goal is 100%. Who will save us from the Union leadership who are nothing short of petty dictators.
IF YOU ARE A MEMBER OF A UNION, IT IS UP TO YOU TO SAVE OUR COUNTRY BY CONTROLLING YOUR LEADERS. Get a clue, who is supposed to be working for who! Our governement is supposed to be working for the people, not the other way around.
Hussein and his fellow traitors in congress cannot create jobs because it goes against everything they believe in. They loathe the private sector, which funds the public sector and every failed leftwing program, and have passed policies that will require them to punitively tax the wealth creators and increase taxes on everyone else. This is not how you create jobs. Hussein and the democrat controlled congress would need to put the wealth taxpayers created back into their hands. But there's the rub, the federal govt has expanded to such a degree that it needs to confiscate more of our money.
The result? Unemployment will continue to mount and when were at a real unemployment rate of 25% [we're at 18% now] there will be civil unrest and riots. Ironically this may be the best course for America. The politicians will not to what's right, so maybe in the chaos of nationwide riots we'll be able to rid ourselves of the prostitutes and sellouts we have in DC.
Cap & Tax? What do you mean? Some government bureaucrat will be able to turn them off from their cubicle with the click of a mouse. Who knows, they may just set it up so that if they are on for more than 20 minutes at a time that they are automatically turned off for the next 24 hours.
We will not be listened to until we force them to listen. This is clear.
The simple reason that Emerson and other manufacturers move their facilities offshore is that they can pay their foreign employees pennies. No one in this country would work for what these companies pay their foreign employees. All the other "reasons" are just smoke-blowing.
The Fed has been driving manufacturing out of this country for decades. And people only blame the corporations for moving out of the country. They don't realize the impact of regulatory agencies on business, add taxes to that and it's just plain nuts. Then there is hiring people, that's just as nuts.
Business isn't the greedy party, it's the Fed, greedy for our money and the power to control us.
What is unfortunate about this whole situation is that the Obama administration will say that these companies are the ones screwing us by leaving and taking their jobs overseas.
I don't blame the guys at Emerson one bit.
The fix is in, they're deliberately collapsing the system so they can rebuild it how they see fit.
The only "real" jobs are government jobs.
Well Mr. Farr. Look for many Americans to follow you out the door if we don't reverse the madness in 2010.
Don't you know they have E-mail TheftGate to worry about. Why should they give a flying fig about the second rate citizens of America? You know. Those of us who DON'T pay union dues.
Good point! When the real America begins close their businesses, and the their lives down, we’ll take God with us!
I LOVE that idea! Everyone who voted for that jackass owes America—and the world—an apology.
RIGHT ON !
I too called my representative on multiple occasions, but have yet to hear back from him once!
Community Organizer SEIU Local 880 = The President of the United States ?To all you DUMB ASS VOTERS who put Barack Hussein Obama in this position of power I HOPE you reap what you have SOWN !
Civil unrest and riots? Of course, this is all part of the strategy for radical Islam. This is the plan.
What does our Talking Chimp from Kenya have to say about this? Maybe he doesn't care because Emerson isn't an SEIU shop.
T-minus 3 years until the Chimp is gone…..and we can restore free enterprise and individual rights!
Not to mention his pool of administrative morons has a total of… Are ya READY ? 9% experience in the private sectors… THAT'S RIGHT..NINE PERCENT ! The lowest in our history. Bush had 57% experience in the private sectors. Kinda spells it out…..
Breaking News! Just in:
The United States Constitution has just been found in a dumpster behind the White House. Complete details later!
http://www.youtube.com/watch_popup?v=UZkvkLmkYVg
Good lord… Do you need some education..
The problem with socialism is that eventually you run out of other people's money. The communists in our government posing as democrats want to rule, but there will be nothing left to rule by the time their agenda is fully implemented.
The silver lining of all this nonsense – the morons who put the current regime in office won't be as eager to show-up in coming elections. Now they cannot ignore the consequences of their choices – picking an American Idol candidate rather than one who has accomplished something in their lives; socialism over capitalism and bigger government.
It;s about damned time some very large corporation had the GUTS to finally call out this moronic fool Obama. And this is just the beginning. When "Peter" leaves there are no funds with which to pay "Paul"… Peter is the private sector and you know who Paul is…..the non-producing welfare class, government employees and libs who crave entitlements.
Americans have no idea what is headed their way. As tough as times are currently, a year from now you will pine for the current economic disaster. The economic cornerstones of this country are starting to crumble. You Obama supporters were such fools not to understand this liar and his objectives. How could you NOT see it ?
The time is approaching when the 'Town Hall Meetings' will become 'Town Hall Beatings' for many politicos. I have my doubts that we will make it to the 2010 elections.
We've seen riots over far less. In my arrogant opinion 25% unemployment will be the tipping point.
This is not representation, this is enslavement.
The question citizen is, what is to be done?
I'm a contractor for the GOVT. (part of the dreaded Defence Industrial Complex) and see what Govt. employees and their Union get away with. I'm just wondering when the Obamatons are going to start gutting defense? They cut a couple of things but nothing major, probably want to keep all the stuff in case of revolution! The administration might be suprised by the Militaries response if called to fend off Counter-revolutionaries.
As far as that bunch of experts creating jobs! I think not! Looks like more SEIU, ACORN hand-outs.
I truly hope that all you "HOPE & CHANGE" voters are right up front when this all falls apart, don't forget your signs.
We don't make anything anymore. I'm trying not to buy Made in China, especially with Christmas shopping, but very little of what I've bought so far is Made in the USA. I should just buy dozens of incandescent bulbs, and those in our pantry say MADE IN THE USA!
Not from you.
I hope that when this country falls to it's knees, that our military will refuse to take up arms against the citizens of America!!
You must be an economist.
Unions, high taxes, and government regulation are damaging the American economy in ways that will take make years to repair, if indeed, some of the damage will ever be undone.
If you voted for “change”, here it is.
Recent events has revealed what many of us have suspected for a long time: many Democratics politicians are socialists in sheep costumes.
[...] Obama Job Summit: Another Manufacturer Opts Out of U.S.A. from Big Government by Warner Todd Huston. “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” [...]
Listening to Rush I just heard him play a clip of the economically illiterate Hussein at the jobs summit babbling about how business owners need to start hiring. Earth to Hussein, many of us business owners have suffered a 50% drop off in business since the democrats took control of congress in 2006. For me the hemorrhaging started in 2007. Many of us are paying ourselves ¼ of what we used to make.
A bloated federal govt and a productive economic climate are mutually exclusive.
The greatest steps we can take in turning around the economy is to throw out every democrat in 2010
While I agree that the Jobs Summit is a joke and I think that Obama and his cronies are deliberately trashing our economy, I think Emerson is using Obama as a convenient excuse to leave the USA. Farr himself stated that 73% of the growth from 1999 to 2009 was from emerging markets with an anticipated 60% of growth from emerging markets within the next five years. I think Emerson is going where the cheap labor is (even excluding US union labor) and going where the growth is. I do like how Farr trashes Obama. Every chance someone of influence can trash Obama is good.
Commit Business Suicide by staying in the US or live to fight another day by Moving out of the US.
Hmm, yeah that's a hard choice.
This is so much like the same arguments made leading up to the great depression that it's spooky, outcome seems to be going in roughly the same direction as well.
Giant sucking sound is getting louder! There may not be enough airplanes moving fast enough to carry all the business out of USA. Until we CHANGE GOVERNMENT and get the liberal socialist guys out of the way, this sucking sound will increase every day!
Same here, laid off 1/2 the staff, it's called survial.
Unlike the Government I cannot force people to become my customers, dictacte the price, or threaten them with jail if they dont comply.
Telling me to hire new employee's is putting the horse in front of the carriage.
Unlike the Government I cannot force people to become my customers, dictacte the price of my products, or threaten them with jail if they dont buy them.
You're a fool. Blinded by the "One's" blathering rhetoric and hollow promises.
Or those of us who are here legally…
Didn't NObama already use Military units for civil action earlier this year? I read something on that already. I think it was part of the TN Grand Jury case accusing NObama of treason. Not sure.
One of the business owners next to me laid off every employee he has. He's now a one man operation. Several of us are combining utilities like trash collection to bring down our costs. I receive a letter 2 days ago stating that my healthcare premiums are going up by nearly 20%. I'll be switching to a cheaper plan in 2010. Under Hussein's abysmal and tyrannical govt healthcare proposals I would not be allowed to change my private plan, I'd be forced into a pitiful public plan.
Revolution 2010: throw out every democrat socialist sack of shyt.
[...] posted at BigGovernment.com) ____________ “The only end of writing is to enable the reader better to enjoy life, or [...]
I don't know that the "One," as you call him, offers this as an explanation for why manufacturers offshore their functions. Truth be told, I'm not a big Obama supporter.
Reading the comments here and comments that follow most ANY story regarding what is happening to this country, they are ALL so remarkably similar. While I will make no attempt to gauge the level of discontent …. I would not be surprised to say that it may well already surpass that of another period of similar turmoil in this country 234 years ago.
This first time it took around ten years for the “pot to boil over” – when you set aside “party politics” we are presently running along the same timeline.
It is interesting to note that the average of the world’s greatest civilizations has been in the neighborhood of 220 – 250 years … I am sure most all have heard this before … let me put some names and numbers to that assertion;
Assyria – 247 year reign (859-612BC)
Persia – 208 year reign (538-330BC)
Greece – 231 year reign (331-100BC)
The Roman Republic – 233 year reign (260-27BC)
The Roman Empire – 207 year reign (27BC-180AD)
The Arab Empire – 246 year reign (634-880AD)
The Mammeluke Empire – 267 year reign (1250-1570AD)
The Ottoman Empire – 250 year reign (1320-1570AD)
Spain – 250 year reign 1500-1750AD)
Romanov Russia – 234 year reign 1682-1916AD)
Great Britain – 250 year reign (1700-1950AD)
The United States – ?????????? (1790-2009AD and counting)
NOTHING IS FOREVER – especially when it is expected that it runs on some automatic pilot.
I used to work for Emerson. One thing about Big Dave is he does not threaten, he does what he says. I know for a fact that the will give marching orders to all division to move anything they possibly can offshore (including Mexico) if they save a buck. In addition, they have a strong enough balance sheet to make it happen.
[...] (Cross posted at BigGovernment.com) [...]
[...] (Cross posted at BigGovernment.com) [...]
Of course Mr. Farr wasn't invited to the jobs summit.
we need to bring back tar and feathering and chase them all out of town with picthforks and burning brands
The last president to try and save our manufacturing was Reagan. Obama, Clinton, Bush and Bush Jr have been doing they're best to destory our manufacturing by raising taxes and make EPA rules so difficult to deal with that there is no reason for any of them to stay here! wake Up america! we ned to lower taxes and relax many of the EPA rules that were instituted without any vote by anyone but by wockop invironmentalists bureaucrats that answer to no one! They work for us and us wants jobs and the american way of life not the Mexican or Ethaopian way!
America if you don't get your rearends off the couch and start fighting back you will be slaves before you know it! Obama is heading to copenhagen to sell you out for foriegn approval and money next week! Are you ready to be slaves and to let your children be slaves? Obama will be pushing to sign away your wealth and to line his own pockets! wake Up before Nancy puts you in her GULAGS! The health bill is unconstitutional no if ands or butts about it. Just like the take over of the banks and insurnace and car companies is! having lobbyists living in the White House is ilegal also but no one will stand up to Obama because they are part of the crime family! everyone he works with is a criminals by association at a minimum! If they don't speak out against the corruption they condone it! Thats abetting that's a crime! We the people are our only hope of having the american dream restored! wake Up America! The hell with political correctness, kick the corupt out of Washington and every state house across this country! this is our country! they work for us! And I say fire them all NOW!
He might have gotten away with it earlier in the year…just not so sure now..the see clearly what he is all about!
OOH OOH OOH!!!! Can we get a few of the freed voters from Iraq to make the circles with indelible red ink?!?!?!
ha jokes on them, its all about govt. "jobs"
Nice thought but maybe not the most realistic of options.
Actually, I think you have it backwards. Obama is the one under the table…
Could civil unrest and rioting actually be the goal of Obama? It would be a mighty convenient excuse to declare martial law and complete the takeover.
I sense a blaming of democrats only for this mess we are in today. Sorry folks, republicans are just as dirty and guilty as the dems. Reps had control of congress and the WH and did NOTHING to solve health care. They spent our money like dems.
Blame the unions? How about illegal aliens. How about the number of illegal aliens depressing wages for all workers? How about looking in the mirror and blaming ourselves for buying all the cheaper electronics from Japan and China? How about turning our heads from watching evil inch it's way, inch by inch, into our culture and doing nothing about it cause we got a new cheap DVD player, wide screen, the football game is on, etc.
The problem is in the mirror, folks.
Hey, why worry about running out of other people's money when you can just print as much money as you want, at will. Then, they can completely control the purse strings and give each person in this country their "monthly dole" and then tell you how you have to spend it.
"After challenging a group of corporate executives, union leaders and academics to help him take action on creating jobs"
HA HA HA, oh that's not a joke? He's serious?
Crap, were doomed
Agreed, the Government and Academic types don't have a clue, there only business model is Tax, Spend, Regulate.
And unlike the Government I cannot force people to become my customers, dictacte the price of my products, or threaten them with jail if they dont buy them.
Total disconnect from reality
Unfortunately, ObaMao's model is the former East Germany and Soviet Union. Using SEIU as his enforcement arm a la the Stasi, encouraging neighbors to spy on neighbors, creating a propaganda media and silencing dissent, nationalizing private industry and creating a huge public sector of pencil pushers and civilian police force better equipped than the military (to go after its citizenry, not our enemies unless he counts us as the enemy), subverting the rule of law, etc. In addition, the Dems have been rigging the vote and laundering money thru Acorn in order to illegally finance future elections and probably sweeten certain coffers.
I can't stand ObaMao, but there's no reason to stoop to this level of name calling.
They can't see it because libs generally have their heads up their posteriors and the rest of them are deliberately kept poor and stupid (hence, no school vouchers) so that they're grateful for whatever crumbs the Dim party throws their way every election cycle.
How's that for "jobs saved" Mr. Obama? Mrs Pelosi? Mr. Ried? Mr. Durbin? Government spending means high taxes leading to greater overhead for companies leading to fewer jobs. Higher taxes means fewer people buying things like cars, houses and big screens which means less revenue from which these companies can pay their overhead. Simply put. Increasing taxes does not stimulate the economy. Forcing the citizens to buy something they may not need or want, will not stimulate the economy. What will stimulate the economy is if the government gets a grip on itself and stops spending money we have not even earned yet. It's called streamlining and efficiency. Consider what the citizens are paying in and what real benefit they receive from our government and tell us if we are getting our moneys worth. From where I am sitting it certainly doesn't seem so. In fact it seems more like a scam you yourselves would investigate and prosecute were it to have happened in the private sector.
Indeed. Just look how Pelosi is trying to force everyone to buy health insurance just so they can turn around and slap a windfall tax on the insurance providers. It's not about reform. It's not about controlling costs and it's not about providing "affordable" insurance to 49 million uninsured Americans. It's about bilking the citizens of this nation for even more money to pay for the governments inability to reign in it's own spending habits.
Breitbart should make public a list of those members of the Dem Party who are members of the Socialist and Communist Parties of America. In today's economic climate, that would set off alarm bells.
Good for Emerson, "The Truth" is that we are only 300 million people and there are 5.7 billion more out there that want we capitalist have done for America. As business people and entrepreneurs we cannot thrive in communisis. We will not be defeated by the likes of Obama. We have a passion to invent, be with freedom loving people and succeed in free markets. That is why folks like us came to the US many years ago; we will move on and survive in other cultures making their lives better. We are sought after in every corner of the new emerging world. Obama and communism will not destroy us; they cannot take away the passion we have. Good luck America as you recede into the darkness of big government control. We will no longer let you abuse us politically, we are better than that.
I couldn't agree with you more. The blame falls squarely on the voters. Living on the north side of Chicago, it has been interesting to see how many obama bumper stickers have been quietly disappearing from vehicles. I think it is time to bring back the scarlet letter and have everyone who voted for him have a big red O permanantly stamped on their forehead as an indication that they enabled the destruction of our country and are never allowed to vote again.
[...] posted at BigGovernment.com) ____________ “The only end of writing is to enable the reader better to enjoy life, or better to [...]
There is no doubt that this current administration is not friendly business. I just hope we still have a country to salvage when he gets done skullfu%^ing this economy.
I work for a small employer, a service company, so we can't go anywhere. We're hunkered down and squeezing every dime out we can. I am lucky, I work for principaled people who have no debt and care about their employees. Sure, they make more than me, but hell, they don't sleep anymore with all the worry they have. We can't hire, no one knows what the tax situation is going to be with all the crappy legislation hanging over our head. And business is slow since this attitude of fear permeates the fabric of society (our customers). Everyone is digging in and holding on. This economy is never going to pick up until we get someone in power who knows the way, SMALLER gov't and less TAXES and regulation. I pray every day for the US to survive this attack on our people by the government.
As long as profit is evil , and people think that business is in place to provide jobs for the community, there will be a "giant sucking sound" of jobs leaving the United States.
Hey Mr. Farr…….can I go with you?!??
I'm GLAD Emerson called hiim out like that and spoke the TRUTH! Makes me want to by something Emerson.
My wife found a made in America item over Thanksgiving… Aluminum Foil Roasting tray for the Turkey. Cutting Edge technology!
Funny, before I opened your reply I was going to say the same thing.
It must be very comfortable living a life with no clue as to how the real world works.
My guess is you have never worked and spend your time in studies taught by the geniuses creating this whole utopian idea.
Good luck
I don't see how anyone can blame Emerson or other businesses for moving to where liberty and private enterprise are not in immenent jeopardy. Companies that do remain in the US should look into several options to save their businesses from complete government domination:
(1) Change the employment status with all personnel to Independent Contractor agreements; pay them full amounts without withholding payroll taxes (SS & Medicare), federal and state and/or other taxes and, if health and other insurance is part of their package, pay that amount directly to them as "bonus payments" so they can determine individually whether to buy insurance or go self-pay (or take out catastrophic-only plus health-savings-account insurance), and furnish them with annual1099's instead of W2 tax forms. They'll have to pay all of their own tax liabilities, but the Independent Contractor status allows Schedule C reductions so they can be perfectly honest and still come out ahead;
2. Befriend a GOP Committeeman or local official who can check the relevant D&R Sheets, and check the voting habits of any/all potential new hires — then think twice before hiring anyone who voted in this anti-liberty ilk.
QUOTE: "For example, gross private fixed investment actually declined for eight quarters beginning in the fourth quarter of 2007."
Is it merely coincidence that the Dems took over Congress in January 2007? I'm asking; I don't know.
Obama + Nation
Abomination
Profit is the signal we consumers send producers to continue to bring to a free market what we consumers want or desire. The socialists want to take profit out of economic calculation and enslave us to their political agenda. Who gets the best medical care will be determined by party affiliations when you turn health care decisions into political decisinons, instead of a free market, free choice, health decsions driven system
I think it is safe to assume that the decline was triggered by a number of factors. Among those would be the Fannie and Freddie induced bubble. Declines in investment in industrial plants related to construction materials began in late 2006 or early 2007 (Lumber, Manufactured Housing Plant Construction, etc.) However, it would also be rational to argue that in the wake of the extension of the hegemony of the Democratic Caucus that confidence was shaken and business leaders began to change their behavior. Who wants to invest when the rhetoric from Washington amounts to: Grab your torches and pitchforks and burn down those evil business people; even though most of the employers are small to medium sized; and often family owned; and built by mortgaging the family home; and when they have to lay off people because they cannot make payroll, they often weep because they are laying off friends and neighbors. Yep, they sure deserve to burn. Of course, I am not the sharpest tool in the shed, so what do I know.
Lazy Jack.
I agree with that one, But I will take it one stop further– All sat back in the 60's and let the liberals take prayer out of schools, so now our kid are thugs and don't know right from wrong — and then they let the liberals start killing our children before they are even born. The generation that was alive and of voting age in the 60's let the next generation down, and that is most of us that are struggling to keep this republic alive. Then that generation didn't teach us how important it is to vote, so what was that that JESUS said? "My people die for the lack of knowledge".
Damn it. People wake up. What made America great? What were we the best at? What were we doing when economy was good? Easy, manufacturing. Whenever finance has tried what happens? Look around you, its easy to see. Look at history, its easier.
MadDog,
You are absolutely correct when you say the military is not likely to respond against thier own. However, listening to Petrius and McCrystal lately, they sure seem to be coddling Obummer's strategy. We can only hope more of the senior leadership doesn't follow.
rckmom,
You can be assured that the "boots on the ground" folks won't take up arms against their own people. Some in senior leadership may follow his lead, but that can be overcome.
TM,
FWIW, countries here in SE Asia(Vietnam, Cambodia, Laos and Malaysiaare encouraging foreign investment and the labor costs are FAR below those in the USA. Here in Thailand, unskilled laborors make less than $1.00 an hour. It's even lower in Laos and Cambodia-and they work hard.
As far as this writer is concerned, voters should definitely shoulder part of the blame, however most of the blame is attributable to a perverse, ultra-liberal group of extremists on the left that systematically raze our capitalistic system to the point of distinction, all in the name of big government and socialism . This extremist group, led by a self-serving, self-absorbed child-thug that was placed in office by his corrupt friends in ACORN, is none other than the left wing of Congress; a perverse, radical group of socialists and communists that are responsible for making the very laws that effect business in this country! The floors of the House and Senate should be designated as crime scenes in my opinion, in response to their assault on America!
This current Democratic Congress is the anus of our American society. Al Gore (clinically insane in my opinion), Harry Reid, Nancy Pelosi, John Murtha, Barbara Boxer, John Kerry (there's an unsubstantiated rumor that he was in Viet Nam), Barney Frank, and their ilk, are a collective group of engorged festering pustules that surround the rectal opening. Every time they speak, their words turn into a viscous, yellowish-white fluid. We need to clean up this rank, infected tissue currently known as Congress, and vote these narcissistic, over-spending, over-taxing, over-regulating, ultra-liberal, anti-business extremists out! Obama in over his head, and needs to resign! Get out of OUR House!!
I couldn't agree more with the majority of bloggers opinions here. The US Government, both parties, and both the Executive and Legislative and Judicial branches, have led to the squandering of Americas economic strength thru a litany of programs that are too numerous to mention in a simple blog, including, I might add, a tax system that rewards spending and discourages savings. Obama is doubling down on those bets and, simultaneously structuring the largest wealth transfer in US history within the US. You can't make this stuff up and it is a horrible situation that may well lead to levels of poverty, social unrest and violence that have not been seen in the US since The Great Depression. Maybe. It IS leading to capital flight as Emerson illustrates. Sometimes it take a complete disaster before Americans show what they are really made of….or capable of. A few additional details, which are rather obvious. All the money is now in Asia……………those trade imbalances that have gone on for decades, and that continue unabated today, are the score card of the wealth transfer from America to other countries. We are now left with debt called Government bonds. Many of our multinationals understand that the money is 'over there' and are racing to go to those greener pastures. No, most have already gone there. Emerson may be late to the game. That's where the opportunity and growth lies, over there. Now, should you have any money left at this point, if you have resisted the Governments and the general populations clarion call to spend, spend, spend, you might want to profit from that situation by investing in those markets. Your call but my investments tell me that I haven't lost a cent in my China investments, for instance, but have lost big time on my investments in American dominated companies and markets. In fact, Jim Rogers, (who would agree whole heartedly with this blog) a very successful investor who knows world finance and made a fortune by knowing it, moved to Singapore because he KNOWS that is where the future action will be and he wants his daughters to speak Mandarin and be part of a 'productive' culture, not a socialistic wasteland. God bless you all because your leaders have spent you and I into oblivion (and are now in the process of taking money from the productive members of our society and giving it to the non-productive members, the final nail in the coffin) and it's going to take the grace of God to turn this country around.
Would someone please lend Barry a clue. I say let big business target his ignorance and place a bulls eye on his back for removal. Barry doesnt know the first thing about business. You tell him Mr. Farr.
All he is doing is making the logical decision for success. I find it amazing, and in fact somewhat comforting in a very bizarre way, that so many businesses are, or at least have been, making the illogical decision of trying to stick it out in the midst of this foolishness. One cannot expect it to continue much longer however, and this move is a clear indication that it won't…the change is comin' all right. But its looking like a lotta nope on the hope end to me.
Thank you for killing this country… It makes me sick to think about what is happening.
[...] Obama Job Summit: Another Manufacturer Opts Out of U.S.A. by Warner Todd Huston Big Government Blog Archive Obama Job Summit: Another Manufacturer Opts Out of U.S.A. Emerson [...]
Moving jobs and manufacturering to "best cost countries" is and always has been about greed. Emerson has bragged about how many jobs we ship overseas since I started here 5 years ago. They've always indicated it's about cost savings (i.e. better profit margins). Blame anyone and use any excuse you want, it's still about squeezing more money out of people and products.
It's terrible. I really think only real solution is tariffs that make foriegn made goods higher than soemthing produced in US. It will result in higher prices and a lower standard of living for all, but at least we can have some employment in this country. But with the staus quo, and all mentioned above regulation, cap & trade, Health Care, Soaring taxes, etc., wha tcompny i their righ tmind would ever think of opening a new factory or making (read employing Americans) anything in America. And like Emerson, any reasonable company is making plans to close factories here and move elsewhere.
None of this will make the national media because they are still enamored with Mr. Obama. Democrats don't care about companies in this country except to prop up union bosses so they can elect Democrats. I don't know if it is the end of the United States' power in the world, but Democrats want it weak so they can take absolute control and show the world that people don't have to work in this country, the government will take care of everyone. By the time this country is really dead, they will be, too, after enjoying the fruits of our labor, my parents', my grandparents'. Work to fire Democrats November 2010. Work hard and donate big. It's our only hope.
http://www.periodictablet.com
Wow,
When New York tried to raise taxes on the wealthy, all the wealthy left, and this is another example that the world has no boundaries, congratulations China on your brand new massive money making company.
CapnEddieRicketyback can you that are in Military do someting about our Constitution being destroyrd I thought you all took a oath to protect our CONSTITUTION and the way I see obama is doing his best and the house and senate to do away with our CONSTITUTION PLEASE someone help us before it is too late
[...] Obama Job Summit: Another Manufacturer Opts Out of U.S.A. [...]
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Robert Spare you are so right the svil democrats and ungodly Christianns who put this bum evil marxists communists nut radical muslim boy not man in the White House they ought to be the only ones effected when he literally destroys our CONSTITUTION and he is trying mighty hard to do this
obama and bernanke is trying also to make the dollar go down so we have to get new currency and I understand that the USA will be out of debt if they can do this and that they will control the new currency CAN ANYONE KNOW WHAT THIS MEAN ( SOCIALISTS ) Please everyone call your SENATOR and tell him to oppose bernanke for next 4 Years . THE jpost .com has had this about Bernanke and obama trying to make dollar fail for a long time but you have not seen it on ABC, CNN , NBC, CBS, or MNBC, CNBC or any news paper because they are covering foe obama also do not watch any news but FOX NEWS
The Truth I di not belive what you are saying you must be a nutty democrat can you not see what your boy obama is doing he wants all places to be union and if that is the case the employers cannot even make enough money to stay in business and buy the way if obama your boy keeps on and does away with the CONSTITUTION if will effect you to wake up
ADAM you are right on obama wants everyone on welfare so he can control us all but where is the money coming from ihen
FYI- David Farr is the CEO of Emerson Electric – no relation to Emerson Radio or the company that made your gun turret.
Folding paper, specially paper airplanes, is a fun activity that can be shared by the entire family. Boys and girls, young or old. It doesn’t really matter. It also teaches you about aerodynamics. There are 50 paper airplanes at http://www.paperairplaneshq.com
Not that it's impossible, but is Wiki wrong? I see two different companies, as you note, but Emerson Electric is the one that made the turret.
http://en.wikipedia.org/wiki/Emerson_Electric_Com...
You must be kidding. This is pathetic. Is there anyone here who has a two digit IQ? Who is the biggest consumer nation on the planet? America!!! A CEO is the lowest form of life. A parasite upon society and you take their word as gospel? The GOP shipping jobs overseas and the Reagan era deregulation are the problem which Obama must fix. Don't be side tracked by the fecal matter coming fro Beck, Norris, Limpdick, or FAUX NEWS. Get a mind of your own and think for yourself.
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No one bothers to mention and or mentioned that GW was retarded. Laura was a drunk who ran over and killed someone. Now we have problems with the black Commander and Chief. Health care is one big problem sucking the jobs overseas. Its been fixed. The stimulus worked, as atested by the right wings own think tank. Then to Obama is much more effective on terrorism. Which would lead one to conclude that you can't use the N word to label, so socialist/facist and other labels are replacing the N word.
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