The decision, effectively, amounted to the White House outsourcing 1,400 potential U.S. jobs. It means America won’t be able to add 500 new engineering jobs and 300 more highly skilled aircraft manufacturing jobs at its Wichita, Kansas facilities. To make matters worse, Embraer is under investigation by the Securities and Exchange Commission (SEC) for corruption and bribery in relation to their foreign military contracts.
Adding to the jobs lost in our defense and energy sectors, Obama has undercut the healthcare industry too. Boston Scientific Corp., a Massachusetts-based medical device manufacturer, plans to cut 1,400 jobs over the next two years. The reason? The company cannot afford to keep those workers and pay the new 2.3 percent excise tax that will be imposed under Obama’s healthcare reform.
Like Boston Scientific, other medical device companies will be forced to make difficult choices as well. At a Medical Device Industry Council meeting, nearly 90 percent of the 100 firms attending said they must also reduce costs to afford the Obama administration’s increasing regulatory and tax policy burden.
The fact is the president’s consistent politically motivated decisions counter the national interests of the U.S. public. Those hurting for a paycheck in Massachusetts, Kansas, and across the country tuned into Obama’s address Tuesday night looking for more than some of the empty promises he’s delivered in the past. Yet, what they heard was more than his ‘regularly scheduled programming.’
Todd Tiahrt was a Member of Congress from 1995 to 2011. He is currently the president of Todd Tiahrt, LLC, consulting in aviation and aerospace.