Monday, September 14, 2009

Eli Lilly Reacts Rationally to Being Crapped On

Here you go America, here is the fruit of the political class's incessant demagoguery of the pharmaceutical industry. The article doesn't say where the job cuts are happening, but you can bet your molecules that the US will feel the brunt of these cuts (the article hints that Japan might actually get new jobs). This is job shifting. It's fine by me (I even advocated it) and we deserve it - this is what happens when you crap all over our leading business institutions that provide that can hire anywhere in the world.

Side note: Lilly has kept mum on the specifics perhaps to retain some leverage within Congress over the pending healthcare legislation - 'wouldn't want to see your district loss 300 jobs would we now Congressman?'

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