Friday, July 29, 2011

Obama Creates Jobs ... in China

President Obama and his merry band of regulators and union allies is doing great things for the economies of third world countries. By chasing United States companies' operations out of the US by excessive, confusing, conflicting and oppressive regulation, President Obama is creating a "global economy" with new job creation in China, India and all over the world.

Everywhere but here, of course.

The latest, though comes not from Obama, but from his progressive tax-and-tax compatriots in the Peoples Republic of Massachusetts (yes, the home state of its former governor, RINO Republican candidate for president Mitt Romney). The Boston Globe reports on a medical device manufacturer cutting jobs "worldwide" but creating 1000 jobs in China:
Yesterday’s move, a day after Boston Scientific disclosed it was investing $150 million and hiring 1,000 people in China, raised fears that the company will gradually shift more work to foreign sites with less government oversight and lower costs than the United States.
"Oversight." It sounds so much less evil than "over-regulation." but over-regulation, it is.

More government, fewer jobs. Like clockwork.

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