Posted on 11/14/2011 12:00:37 PM PST by IbJensen
(CNSNews.com) – President Barack Obama told a group of CEOs and political leaders at the APEC summit in Hawaii this past weekend that America has been “a little bit lazy” in promoting foreign investment.
“It’s important to remember that the United States is still the largest recipient of foreign investment in the world, and there are a lot of things that make foreign investors see the U.S. as a great opportunity -- our stability, our openness, our innovative free market culture.
“But we’ve been a little bit lazy, I think, over the last couple of decades,” Obama added. “We’ve kind of taken for granted – ‘Well, people will want to come here’ -- and we aren’t out there hungry, selling America and trying to attract new business into America.”
Obama also blamed bureaucracy for deterring foreign investment: “Because of our federalist system, sometimes a foreign investor comes in and they’ve got to navigate not only federal rules, but they’ve also got to navigate state and local governments that may have their own sets of interests.”
Obama mentioned that his administration has set up a Web site called SelectUSA to make it easier for foreign investors to build plants in this country – “and put outstanding U.S. workers back to work in the United States of America.”
SelectUSA seeks to highlight the advantages the United States offers as a location for business and investment. Among other things, it explains the various business incentives offered by each state and territory.
“We think that we can do much better than we’re doing right now,” Obama continued.
“Being able to create if not a one-stop shop, then at least no more than a couple of stops for people to be able to come into the United States and make investments -- that’s something that we want to encourage.”
OBAMA is a Jacka**, (apologies to JA”S)
IF AMERICAN businesses are making a run for the border due to regs,laws and TAXES, PLEASE ZERO..tell us how you think us LAZY Americans can get foreign businesses to invest here?
HUH..TELL US you pathetic,ignorant pRESIDENT.
>>I have a GREAT idea! Let’s attract a Canadian oil pipeline.<<
Good one!
Americans don’t want to attract (more) foreign businesses..... Americans want to start their own businesses....Now get your socialist rear out of our way!
I’m surprised even Obozo could stand himself, giving this speech. If we actually wanted to attract foreign investment in new US based factories, we would lower our federal tax rates, we would drastically lessen the power of the EPA to prevent development, and we would quit providing federal government support to big labor unions who push our labor rates ever higher so as to be non-competitive. All of this is the complete opposite of Obama’s policies, and he wouldn’t even argue the point.
Last year, the trade deficit was $479 billion. Now, all those dollars have to return to the U.S. because you can't spend them anywhere else. So, that represents almost $1/2 billion in foreign investment (if they don't buy our goods or services, they buy our debt, equities or other assets).
Of course, the Federal government issued $1.3 trillion worth of debt last year to pay its deficit, so a lot of foreign investment was siphoned away from the private sector and went, instead, to Washington.
None of it has anything to do with free trade. It's all a result of government debt and government inflation. Obama, of course, wouldn't know anything about any of that. Unfortunately, I don't think Bernanke does, either.
Throughout contemporary history there has never been a communist leader who wasn’t so damned evil that he surely went directly to hell. The entire idea of socialism cum communism is such convoluted thought in itself that when a nut case is heading up the evil theory only chaos ensues.
This commie fatherless scum takes the cake. He’s not ordered mass murders yet, but that was on the back burner once he’d consolidated the power the nincompoops and the Republicrats handed to him.
AND he’s a walking, talking lie!
Drug kicking from his warm White Hut and then straddled atop a rail with tar and feathers thrown at him isn’t punishment enough for what he’s done to this nation.
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