Monday, February 28, 2011

Bad For Business, My Butt

3M CEO George Buckley is furious with what he sees as President Obama's "anti-business" practices.

The head of industrial conglomerate 3M (MMM, Fortune 500) blasted the president as being "anti-business," claiming Obama has not done anything to improve the White House's relationship with Corporate America.

3M CEO George Buckley called Obama's policies "Robin Hood-esque" and told the Financial Times that manufacturers like 3M may have to shift production to other countries in order to stay competitive.

"We know what his instincts are ... he is anti business," Buckley said in an interview that ran late Sunday.

Yeah.  Major corporations threatening to send US jobs overseas, knowing full well Obama will take the blame for that because the media continues the "Obama is anti-business" schtick.

Meanwhile 3M stock since Obama took office has more than doubled from a March 2009 low of $42 a share to $90 a share now.  Boy, Obama's policies sure have been absolutely awful for this company.

Funny how that works.  Most people would call that blackmail.  Not our corporate owned media.

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