GM, as part of its restructuring plan, decided to shut down its Norton, Mass facility.  I'm sure that Obama's GM task force was heavily involved in the GM restructuring plan and deciding which plants needed to be closed.  These are very hard decisions to make.

But Barney Frank decides it's not in the best interest of his constituents to close the Norton plant.  So he leaned on Fritz Henderson to keep that plant open.

http://www.necn.com/Boston/Business/2009/06/04/Barney-Frank-helps-delay/1244165040.html

Why is Barney Frank dictating how GM should restructure itself?

President Obama says he has no interest in running GM, but apparently Mr. Frank has other ideas.  Barney Frank's spokesman says that they are "just doing what any other Congressman would do". 

But it's not a level playing field.  Every member of Congress will want to force their own special favors on to GM.  And that's no way to get GM back to financial health.    GM's restructuring decisions must be driven by economic factors, not political ones.

http://www.bloomberg.com/apps/news?pid=20601087&sid=a3yutzL3xApI

 

It's just a matter of time before more companies follow Microsoft's footsteps and move jobs offshore

If we're going to clean up the foreign tax loopholes, then we need to lower the US corporate tax rate so we can prevent losing more jobs than we already are.

With all the discussion recently around "empathy" and Obama, I thought people would be interested to read an excerpt from Sen. Obama's floor statement in 2005 explaining why he would not vote for Roberts.