I’ll be the first to admit that I’m a conservative who obviously did not vote for Obama. Although I am not outspoken about my political beliefs like my ultra-conservative husband (you don’t want to get him started), this blog post by Shana on mddionline.com about the recent State of the Union Address caught my attention:
“The domestic medical device manufacturing industry, like many other manufacturing sectors, has suffered from devastating job losses, outsourcing to Asia, and a lack of skilled, high-tech workers in recent years. So, President Obama’s State of the Union Address hit pretty close to home. And while he skirted the issue of healthcare reform, Obama did lay out a blueprint for bringing manufacturing and high-tech jobs back to our shores that served up some serous food for thought to medical device OEMs.
‘In his speech, the President expressed the need to encourage more domestic manufacturing and keep jobs here in America. The first place he should looks is medical device manufacturing, which provides more than 35,000 jobs in Minnesota alone,’ Minnesota Congressman and co-chair of the Congressional Medical Technology Caucus Erik Paulsen said. ‘This American success story has come under assault from our own government and unelected bureaucratic agencies. As a result, American jobs are being forced overseas. We need to repeal the President’s new tax on medical devices and modernize FDA so we can keep innovation, manufacturing, and jobs here in the United States.’
If President Obama is serious about his commitment to high-tech American manufacturing, repealing the medical device tax would be a strong show of faith to the profitable medtech sector. But the chances of that happening are looking increasingly grim. As for Obama’s most-recent ideas, they’re inspired. Until Congress puts its money where its mouth is, however, they’re just pipe dreams. If the government is as concerned as it says it is about companies shipping jobs and manufacturing overseas, something needs to be done—and fast—as medical device companies continue to flee from burdensome taxes and what they view as innovation-stifling regulation.”
While I guess I can applaud the president’s apparent desire to promote manufacturing here in the U.S., is it all just empty rhetoric? Until I see something actually being done, such as repealing the medical device tax, I chose to remain respectfully disenchanted.