2016-Jun – This was a blunt assessment that approaches Jimmy Carters “malaise” statement. At this point, 8 years into the administration, adding regulations every few weeks, new labor rules, Clean Power Plan, Obama Care, (all good feel, good stuff), but, business doesn’t know what’s next. Time to offshore your business production to reduce risk.
Foreign manufacturing means easier to deal with governments, employees are cheaper, and more amendable to working harder. During the 8 years companies moved capital and manufacturing offshore. And to reduce costs, trained offshore engineering talent that we now must compete with.
Yes the jobs will never come back. If you take a “laissez faire” attitude, coupled with “Strategic Patience”, the world will move away. It is critical to make the US a good place to do business. Obama let America down here.