Emerson goes Galt
From Bloomberg news, via the STL Post-Dispatch:
Emerson CEO David Farr said that the U.S. government was hurting manufacturers with regulation and taxes and that his company would continue to focus on growth overseas. “Washington is doing everything in their manpower, capability, to destroy U.S. manufacturing,” Farr said Wednesday in Chicago at a Baird Industrial Outlook conference. “Cap and trade, medical reform, labor rules.”
UPDATE: You should read the comments on the article posted at stltoday.com. The economic illiteracy (and a fair share of regular illiteracy, too) is staggering.
