Saturday, June 13, 2009

NCR, Wacker, Volkswagen Clearly Didn't Take TARP Money

Southern States Poach Businesses Amid Downturn - WSJ.com: "When NCR Corp. started looking late last summer to move from its hometown of Dayton, Ohio, economic development agencies in the South pulled out all the stops in a bid to lure the 125-year-old company best known as a cash-register manufacturer."

After deciding to build a customer-services center near Atlanta last year, the company last week said it would relocate its 1,250-employee headquarters to the area and open an ATM factory in Columbus.

The Southeast has attracted an array of corporate facilities recently. In February, Asbury Automotive Group Inc., a major chain of national auto retailers, relocated to metro Atlanta from New York. In recent months, Tennessee announced three projects, all valued at more than $1 billion each, by units of Wacker Chemie AG, Volkswagen AG and Hemlock Semiconductor Group. North Carolina last week welcomed a new Apple Inc. data warehouse.


...If they had, President Obama could have simply gotten on the phone and nixed these deals, that move jobs from "blue states" to "red states," just as he did with General Motors a couple of weeks ago. Mark my words, this administration is committed to creating ever more ways to insinuate the federal government into private businesses, so that it may wield veto power over their economic decisions. Do you realize the amount of power we are centralizing in this White House? It makes the designation of any previous adminstration as an "imperial presidency" outright laughable.



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