Saturday, November 14, 2009
A Note From The Trenches
three letters...
Emerson Electric Co. Chief Executive Officer David Farr ...“Washington is doing everything in their manpower, capability, to destroy U.S. manufacturing,” Farr said [11/11/09] in Chicago at a Baird Industrial Outlook conference. “Cap and trade, medical reform, labor rules.” ...
Emerson… will keep expanding in emerging markets, which represented 32 percent of revenue in 2009. About 36 percent of manufacturing is now in “best-cost countries” up from 21 percent in 2003, according to slides accompanying his speech.
Companies will create jobs in India and China, “places where people want the products and where the governments welcome you to actually do something,” Farr said.
...“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.”
Statistics
This page has been viewed 18253334 times
Total Entries: 5718
Total Comments: 4193
Total Trackbacks: 714
Most Recent Entry: 06/14/2011 06:44 am
Most Recent Comment on: 11/27/2011 05:18 pm
{/if}
