Our friend bbooooooya notes an interesting contrast:
The CEO of Synta Pharmaceuticals was invited to the President's speech last night; his company put out a press release about it:
"Maintaining U.S. leadership in science and technology and addressing the serious healthcare issues facing this country require policies in place that encourage innovation," said Dr. Bahcall. "Reducing the barriers and increasing incentives to innovation can help companies like Synta and other biotechnology companies create new drugs, lower the total costs of healthcare by preventing expensive hospital stays and create new jobs in America."
Oh, what's this? An article from 2008 in Pharmaceutical Outsourcing by your director of preclinical development?
This article will not be a general review of quality/capability of Chinese CROs/CMOs, but will describe how Synta came to recognize China as a feasible pre/nonclinical outsourcing option through evaluating our partnership with several CROs and CMOs located in China.
Well, I'm sure that once Synta gets its tax credits, the money will all be spent here to hire American scientists. And a pony.
You'd think the President's people would do a better job of choosing the industry people he's being seen with...especially after the Solyndra solar boondoggle, Intel Otellini's H1-B addiction, Immelt's x-porting of GE x-ray jobs...
ReplyDeleteActually, I don't know if the White House invited him. Might have been the Speaker.
ReplyDeleteYup. You're right. It was Boehner. Regardless, it's mindboggling that our arch-politicians are so careless in selecting their Captains of Industry. It's almost as if they don't know what's happening to the American economy...
ReplyDeleteThe President was raised as a child in Asia so why wouldn't he want all the jobs there?
ReplyDeleteAlso, China slipped him quite a bit a money to get him into the White House.
The President's VIP was Jeffrey Imelt, CEO of GE and head advisor to Obama on American Competitiveness, was sitting directly next to Mrs. Obama. This guy is sending GE's technology of airplanes to China.... Really Imelt, one of the only major manufacturing sectors we have is in the airline business. This is ridiculous.
ReplyDeletehttp://www.nytimes.com/2011/01/18/business/global/18plane.html?pagewanted=all
Obama isn't only messing with GE... Boeing is affected by him as well:
ReplyDeletehttp://www.thegatewaypundit.com/2011/04/unbelievable-obama-nlrb-forces-boeing-to-build-plant-in-washington-not-south-carolina/
Besides this his new EPA regulations are costing American companies billions. Companies are being told to rebuild stacks costing billions, which were made to codes good just months ago. No wonder why companies are sending jobs to China! But then I guess we all can eat the polluted fish farmed in Chinese factory toxic waste ponds. Blind eyes to pollution off shores.
Really? They're still showing off GE, after the big deal in the NYT about them paying less than zero taxes last year?
ReplyDeleteActually that list (Anon 7:35) is pretty amusing. If the big companies are all sending jobs overseas and/or bringing low-cost workers here, who do you get to 'show off' or put in your 'economic advisor' position? How do you demonstrate your administration is 'business friendly' if that basically means the Wall Street kleptocracy?