Obama intimidates, calls out executives in a populist manner and ruins people he does not like. As with AARP, the AMA and drug companies with their ObamaCare bill, his thugs either buy you off with taxpayer money or threaten you if you oppose them. Most companies cannot be bought, nor can they be intimidated, but when you combine the two, most cave. Korean automaker Hyundai registered record sales in August. Chinese telecom manufacturer Huawei might soon pass Cisco in sales. Brazil’s jet maker Embraer is, according to Cessna CEO Jack Pelton “scaring us to death.” And more IPOs are happening away from America’s overly regulated capital markets. In addition, India has heart bypass surgery outcomes equal to the U.S. at half the cost, and Singapore is willing to pay U.S. biotech research stars about $715,000 in annual salaries. Our new political class does not seem to care that innovation and capitalism are fleeing. |
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