Monday, February 28, 2011

3M CEO: Obama is "anti-business"

3M CEO: Obama is "anti-business" - Feb. 28, 2011:
"NEW YORK (CNNMoney) -- The head of industrial conglomerate 3M (MMM, Fortune 500) blasted the president as being 'anti-business,' claiming Obama has not done anything to improve the White House's relationship with Corporate America.
3M CEO George Buckley called Obama's policies 'Robin Hood-esque' and told the Financial Times that manufacturers like 3M may have to shift production to other countries in order to stay competitive. 'We know what his instincts are ... he is anti business,' Buckley said in an interview that ran late Sunday."

Its about time someone called out the current administration. Destroying businesses is NOT the way to create jobs. The big boys will simply move their factories and offices overseas, where labor is cheap and governments actually, ahem, help businesses to succeed. Smaller businesses don't stand a chance, and since small businesses are (were) the largest employers - say goodbye to whatever hopes are left of an economic recovery.

But our government does everything in its power, from over-regulation to over-taxation, to shut down any and every kind of business within the US. What kind of fiscal genius would even think of taxing a company out of business? Isn't it commonsense to realize that shutting down a business also shuts down the tax revenue stream? Commonsense, apparently, is uncommon in D.C.

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