(2) The CEO of Emerson Electric Company is not liking what he's seeing coming out of Washington (emphasis added):
The federal government is "doing everything in [its] manpower [and] capability to destroy U.S. manufacturing," says David Farr, chairman and CEO of Emerson Electric Co., in a presentation at the Baird 2009 Industrial Conference in Chicago Ill., on Nov. 11. In comments reported by Bloomberg, Farr added that companies will continue adding jobs in China and India because they are "places where people want the products and where the governments welcome you to actually do something. I am not going to hire anybody in the United States. I'm moving. They are doing everything possible to destroy jobs."
Farr cites Cap-&-Trade, the expensive but non-targeted stimulus, the debt, the deficit, inflationary monetary policy, Obamacare, and general taxation and regulation.
Emerson is an S&P-500 component and has a market capitalization of over $30-bn.
(h/t to Eddie at Doubleplusundead)
(3) Maybe that's why a majority of Americans want to cut their losses on the stimulus. Calls for a second stimulus (or third, depending on your count) will fall on deaf ears. (I seem to recall a certain Senate candidate who feels the same way.)
(4) Even youngsters are souring on Obama's policies, though they have yet to bail out on Obama himself. It's a start. (Translation for candidates: attack the policies, not Obama.)
(5) The return of the Misery Index does not bode well for Democrats, especially now that deflation has been transitioning into inflation.