
Originally Posted by
Oki-Des
Since I personally do not like Obama and the negative effects his policies have caused on my business it is nice to see someone else share my views. If you like him, great and good for you. But, you should understand that for every good thing you believe he has done for this country, he also had to screw another group; and one on them happens to be in my field.
I own a small medical company. When I started (pre Obama) our country supported new medical technologies by allowing their first technology be approved through the FDA for free! This ins pired new medical companies to pop up and investors were eager to get on board.
But then, Obama changed everything. Now, medical companies must pay thousands of dollars every year just to register their company through the FDA which includes nothing more than a name, address, phone number and products sold.
But, because this is the case with all medical companies, the price to produce devices in the US went up too. So I was forced to go abroad to manufacture since I could not even sell my products for what it costs to make; since Obama has and still is lowering what Medicare can even pay for these technologies. And, now we also must pay thousands of dollars for every company outside the US that makes our products as a penalty for going abroad.
He also created new taxes based on sales, on top of taxes based on profits.
Before you think that I simply created or improved some piece of junk, I would like to say that my invention has been seen on the History Channel's show called Modern Marvels and has been showcased in the United States Patent and Trademark Museum as well as the National Inventors Hall of Fame. Yet, I am fortunate that our government has not put me right out of business.
Medical companies were selling for more than 10 times their annual sales before Obama, and now they sell for less than 3 times their annual sales, which makes them less desirable to investors. What once was an amazing country to start, run and grow medical companies have become one of the worst countries in the world; which includes some of the highest corporate tax rates in the world.
So who Obama is as a person, what religion he follows or anything else is really of no concern to me. What does bother me is that my life and my families life, my employees lives and my investors lives have all been negatively affected by what he believes to not be important. Whereas I believe that promoting medical companies could provide many people with high paying life long jobs, providing they are not raped from every direction.
Rant over. Ha ha.