Obama to speak at NC company that’s shipping jobs to Costa Rica

The Daily Caller ^ | 9/13/11 | Matthew Boyle -

[Nachum]

President Barack Obama will present his “jobs plan” on Wednesday at a company that’s shipping jobs overseas.

Obama is scheduled to present his “jobs plan” in Apex, N.C., on Wednesday at the headquarters of WestStar Precision.

WestStar Precision is a high-end, specialty manufacturer that just opened a new facility in San Jose, Costa Rica, creating many new jobs there, but not in the United States.

“Our main office and manufacturing facility near Research Triangle Park in the Raleigh/Durham area has approximately 11,000 sq. ft. of office space, production area and warehouse,” the company says on its website. “This facility has more than doubled in size from inception. Equipment includes precision CNC Machining centers, water jet cutter and CAD-CAM design stations.”

On the same page, WestStar Precision describes its new location, which is almost as big, in Costa Rica: “Our new office and manufacturing facility in San Jose, Costa Rica, also has approximately 10,000 sq. ft. with similar equipment as the main office. This facility is designed for high volume production to support our international and domestic clients.”

[Nachum]

The list, ping

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[Red Badger]

They’ll be bankrupt in a year......THE CURSE OF OBAMA...............

[11th Commandment]

There is no indication from this article this company shipped jobs oversees, just that it expanded oversees. Many companies for logistics reasons locate oversees for oversees operations. What creates Jobs is the ability to bring back profits without taxes so the capital can be invested in AMERICA!!! or does that make too much sense.

[GRRRRR]

There is only ONE REASON to open up a facility OVERSEAS, specifically in Costa Rica...LABOR COST.

IF the US labor and tax climate was favorable to building out their current facility or opening a new site, “green field’ in another US location, then they would do it.

But, as we all know, the US labor and taxes, plus costs of compliance are outrageous, therefore they go to CR.

I have been involved with the exact same project. My old company scoped out a NEW facility in the USA vs. a NEW facility in CR. Guess where it went? The cost savings to having a CR facility was over $500Million per year; labor, utilities and even slightly higher shipping costs for raw materials there and finished goods back to the USA...

[Libloather]

That’s the PLAN? Whoops!