I was in a corporate meeting today here in Oklahoma City (energy services/oil & gas) and one of our vendors was giving a presentation this morning. He was explaining the plans his company had for expansion. The owner of the company had already purchased some land in Knoxville Tennessee with the intent to build a new production facility that would be larger and centralize their current opperations of engineering and manufacturing into one location. As we were all returning from lunch together, he got off of the phone with the owner of his company and announced to all of us “Scratch that part of my presentation about a new facility, the owner has decided to hold off as of today due to the election.” He went on to explain that the owner felt that with the probable increase in tax rates as well as Obamacare being a sure thing, it wasn’t financially smart at this time. We all understood where he was coming from.
Amazing story. We are going to hear more and more. Our only real hope of recovering from this electorate shift is that things get so bad over the next three years that Obama finally gets the blame for this, and we select a highly skilled candidate who can win some of these people back to sanity.