One of the country's most important industrial companies says the United
States is not a good place to manufacture and it will continue moving its
assets offshore.

The federal government is "doing everything in [its] manpower [and]
capability to destroy U.S. manufacturing," says David Farr, chairman and CEO
of Emerson Electric Co., in a presentation at the Baird 2009 Industrial
Conference in Chicago Ill., on Nov. 11. In comments reported by Bloomberg,
Farr added that companies will continue adding jobs in China and India
because they are "places where people want the products and where the
governments welcome you to actually do something. I am not going to hire
anybody in the United States. I'm moving. They are doing everything possible
to destroy jobs."

In his Powerpoint presentation available on the Emerson Electric Web site,
Farr notes that the federal government is damaging prospects for U.S.
economic growth with a $1.41 trillion federal deficit (10 percent of GDP);
$12 trillion in government debt that will grow to $20 trillion in 10 years;
a policy of printing money; a "non-targeted $800-billion stimulus"; bailouts
for Wall Street and the automobile companies; the prospect for cap and trade
legislation; a "government takeover" of health care to the tune of more than
$1 trillion; increasing taxes and regulations; and a "lack of U.S. $
support" for manufacturing. The global stimulus "soon will fade," says Farr.

http://www.manufacturingnews.com/new...nElectric.html

Best Regards

Tom.