What Mr. Hansen described is most definately true.
supercarp;
Two reasons the jobs left:
1. Good business moves for corporations = cheaper labor,taxes,raw materials. Much lower CORPORATE taxes was the big carrot. U.S. has highest corporate taxes in the world, causative by Congress' greed.
2. Greed and an "I don't give a sh$$ whether it damages the country" attitude by the CEOs' and Directors of the Corporations who moved operations out of country.
As gas prices climb back toward $4 a gallon, the Obama administration -- facing a tough re-election campaign and rising Middle East tensions -- is once again considering tapping the Strategic Petroleum Reserve. For years, administrations have bought and stored oil for emergencies, in fear of a cutoff of imported oil, as happened during the Arab embargo of 1973-74.
But since 2009, the U.S. government has declared most federal lands off-limits to new oil and gas exploration -- despite vast recent finds of energy and radically new means to tap it. President Obama also canceled the most vital sections of the...
Start by cancelling ObamaCare. Then Dodd-Frank, the Sarbanes-Oxley and get somebody sensible in charge of the EPA while scaling it back.
CEO's are responsible to their stock holders to maintain the value of their stock. To do that you must keep your costs down.
There's another aspect to this. So-called "cost of government day," when we are finally finished paying taxes (including corporate taxes) and the cost of mandates, comes in August--about two-thirds of the way through the year. (A month or two into the year would be reasonable.) This cost is embedded in the cost of everything useful that is produced or done in the country. That, in my view, is the reason that so much production is either leaving or is not starting here in the first place.