Manufacturers see gov’t war on free enterprise
Apr 20, 2010 | 12:20 PM
| Corinna Petry
The government has been conducting "a war on free enterprise," according to Bill Jones, vice chairman of O'Neal Industries Inc. and chairman of the Metals Service Center Institute (MSCI).
This war is being conducted by the Obama administration, Congress and federal agencies, he said on Monday during MSCI's town hall meeting in Oak Brook, Ill., regarding the plight of manufacturing. Their weapons include "damaging legislation on heath-care reform, labor, energy and taxation," with the regulatory agencies—the U.S. Environmental Protection Agency, National Labor Relations Board and Occupational Safety and Health Administration—also placing onerous mandates on business.
Jones agrees there's a need for health-care reform and a national energy policy, but disagrees with the bills that have been passed or drafted because "they are going to increase costs. The energy bill (the latest draft has not yet come out of a bipartisan group of senators) will be detrimental to domestic sources of coal, oil and natural gas, making it more expensive to manufacture," he said.....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.