An Ol' Broad's Ramblings
President Obama tells a group of donors that “we tried our” economic plan “and it worked.” Even in politics, where exaggeration is a way of life, that statement stands out as a lie for the ages. (source)
An Indiana-based medical equipment manufacturer says it’s scrapping plans to open five new plants in the coming years because of a looming tax tied to President Obama’s health care overhaul law.
Cook Medical claims the tax on medical devices, set to take effect next year, will cost the company roughly $20 million a year, cutting into money that would otherwise go toward expanding into new facilities over the next five years.
“This is the equivalent of about a plant a year that we’re not going to be able to build,” a company spokesman told FoxNews.com.
He said the original plan was to build factories in “hard-pressed” Midwestern communities, each employing up to 300 people. But those factories cost roughly the same amount as the projected cost of the new tax.
“In reality, we’re not looking at the U.S. to build factories anymore as long as this tax is in place. We can’t, to be competitive,” he said.
Oh yeah….it’s working alright! /snark
When people complain that companies are moving overseas, they don’t need to look any farther than their own reflections in the mirror. Between the taxes, the regulations, and the unions, there’s NO way I’d build, or expand a business in my own country. Unless, or until, we can get a grip on the utter stupidity coming out of Washington, D.C., we will NOT see any business growth, or economic recovery. It’s just that simple!