Marty Seifert on Medtronic: Young people living in parents' basement because of Mark Dayton

DaytonSeifert.jpg
Dayton on Medtronic: "That is tremendous news for Minnesota." Seifert: "This is a sad day."
:::: UPDATE :::: Medical biz prof Stephen Parente on Medtronic move: "It's kinda hard to see this occur"

Former Republican House Minority Leader and failed 2010 gubernatorial candidate Marty Seifert didn't win his party's endorsement to run for governor this year, but he, along with two other candidates, plans to battle the endorsed candidate, Hennepin County Commissioner Jeff Johnson, in a primary.

So when news broke yesterday that Minnesota-based Medtronic is buying Ireland-based Covidien for $42.9 billion and moving its headquarters to Dublin to create the world's largest medical device company, Seifert understandably saw a golden opportunity to score some political points.

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Seifert released a statement blaming "the job-killing policies of Mark Dayton and Barack Obama" for Medtronic's relocation -- this despite the fact company officials say the move is mainly about gaining access to European markets and won't significantly lower its taxes.

Furthermore, Medtronic officials say they plan to keep the company's "operational headquarters" in Minnesota and actually create 1,000 new medical technology-related jobs in the state over the next half decade. Doesn't sound like terrible news, right?

But why let those details get in the way of a golden opportunity to rip on your political opponent, especially when you can try to blame him for the fact that some young Minnesotans don't have the means to get out of their parents' house in the process?

Here's the entirety of Seifert's statement:
Because of the failed policies of Mark Dayton and Barack Obama's destructive medical device tax, companies like Medtronic are forced to look outside of Minnesota to continue doing business. This is a sad day for our state's economy and its workforce. Rather than inventing things in their parent's garage, like the founders of Medtronic did, our young people are now more likely to live in their parent's garage than become innovators.

[Editorial note -- "Parents'" would've made more grammatical sense than "Parent's," but we digress...]

As I travel the state campaigning to bring new leadership to Minnesota's highest office, I meet entrepreneurs and business leaders who are worried about the future of our state's economy under the job killing policies of Mark Dayton and Barack Obama.
Here, on the other hand, is what Dayton had to say about the merger, which accords much better with what Medtronic officials themselves are saying:
Medtronic's Chairman and CEO, Mr. Omar Ishrak, informed me last night of his company's plans to acquire an Irish company. As Governor of Minnesota, my primary concerns were this merger's effects on the Minnesotans currently working at Medtronic, and its implications for the company's continued growth here.

During my conversation with Mr. Ishrak and in further discussions today between senior State and Medtronic officials, we were assured that the company intends to keep its operational headquarters here in Minnesota and that no jobs will be lost here due to this transaction. Company officials also told us that Medtronic intends to create over 1,000 new medical technology-related jobs in Minnesota during the next five years, in corporate management, research and development, engineering, and manufacturing. That is tremendous news for Minnesota and evidences the company's continued commitment to our state.

Medtronic was founded here 65 years ago by two visionary Minnesotans. They and thousands of dedicated Minnesota employees have built the enterprise into a global leader in medical technology, which has also been an exemplary corporate citizen in our state. I am greatly reassured by Medtronic's assurances that their commitments to their Minnesota headquarters and their Minnesota employees will continue to grow in the years ahead.
Of course, as we've had occasion to say once already today, emotional appeals are often more successful than rational ones when it comes to the art of politics -- so long as you're operating with the assumption the people you're appealing to won't think too hard about it, at least.

-- Follow Aaron Rupar on Twitter at @atrupar. Got a tip? Drop him a line at arupar@citypages.com.


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67 comments
Dog Gone
Dog Gone topcommenter

Conservatives HAVE to LIE.


Telling the truth works against them; the facts are not their friends.


That, and they go through massive cognitive dissonance, since they believe things which are factually false.

midwestexplorer81
midwestexplorer81 topcommenter

Medtronic's taxable income will be significantly lowered by the deal despite what Medtronic is saying and despite what you wish were true. Read business news someday. If you think the way the Medtronic purchase is being structured isn't about taxes you need to give me some of what you're smoking.

kurt124
kurt124 topcommenter

Classic, Libs point out spelling and grammar when Jobs are fleeing the State, when we have a democrat in Dayton who cant even speak he is so drugged with anti depressants, the guy is simply unable speak a clear thought.

kurt124
kurt124 topcommenter

With Democrats in Charge companies will always flee to pay less taxes. No one believes that they are moving for any other reason.  It's business, and when you have democrats you have high taxes and regulation.  Companies are moving to Europe and elsewhere.    Simple

davesalmonson
davesalmonson

It's sad when people call themselves republican, but support the fascist GOP. Why does the GOP work so hard for corporations while ignoring the populous? Those tax loopholes don't write themselves.

And who cares if buildings near public schools explode in Texas, the companies tax rate is the lowest in the nation. And the nations corporat tax rate has not been this low since just before the Great Depression.

John Bunch
John Bunch

Nikki, yes, we are all disposable. The opposite would be indisposable, which I hardly even imagine. Even CEOs are disposable.

John Bunch
John Bunch

This is how I lost my corporate job in 2007. When will the Democrats wake up to our too-high corporate tax?

Nikki Allard
Nikki Allard

No matter what company you work for you are disposable.

Marcos Maiero
Marcos Maiero

Dayton sucks but FUCK medtronic. Their CEO has waterfall in his bedroom but his company is pure shit.

Xiong Thao
Xiong Thao

Well, our headquarters relocated to Austin, fab center to SLC, and logistic down to Louisville....sad that the once proud state of MN is not taking care of its businesses...

Yankee Doodle Pablo
Yankee Doodle Pablo

If Minnesota were loyal to business, they'd have lower tax rates. Unfortunately the two largest employers in Minnesota are 1. Minnesota Government and 2. Federal Government.

KennyX
KennyX

Why aren't all you liberals crying and whining about the greedy Medtronic and their move to avoid paying U.S. taxes?  You vilify Seifert's comments, yet this move will cost hundreds of millions of dollars of lost tax revenue each year. Just because Mark Dayton says it's a good thing, you just sheepishly agree with him? Further proof that liberals are incapable of independent thought.  


You bitch and complain about companies outsourcing employment and moving their operations elsewhere to avoid paying the outrageous U.S. corporate taxes (not to mention hording their money in overseas banks), yet you stupid motherfuckers vote for the same politicians who insist on high corporate taxes which force them to do those very fucking things to begin with! When are you going to fucking WAKE UP??!!! 

George D. Paulson
George D. Paulson

They are moving only the executive offices. Corporate operation offices will remain in MN. 1000 new jobs will be added in MN.

KennyX
KennyX

"Seifert released a statement blaming "the job-killing policies of Mark Dayton and Barack Obama" for Medtronic's relocation -- this despite the fact company officials say the move is mainly about gaining access to European markets and won't significantly lower its taxes."


Hey Rupar, you might want to look up the business tax rate in Ireland vs. the U.S. The rate in the U.S. is 3.5 times as much. 

Cynthia Fennig
Cynthia Fennig

I happen to work for the staffing agency that Medtronic goes thru. I have been placed at Medtronic for almost 3 months. Others I work with were hired by Medtronic, so they do hire. However, you need to exceed certain standards and "prove" yourself as a dedicated employee before being considered to getting hired on.

David Quinn
David Quinn

Maybe they should move right over to China.

Matthew Gramlich
Matthew Gramlich

I understand your frustration, Mike, as the City Pages Minneapolis has never been renowned for their journalistic integrity.

Matthew Gramlich
Matthew Gramlich

This is the only post of any substance. Congratulations.

Matthew Gramlich
Matthew Gramlich

Thank goodness we have at least some alcoholic janitors to even the balance.

Matthew Gramlich
Matthew Gramlich

I'm sure the shareholders will appreciate the nominal increase in their investments.

KennyX
KennyX

Although it's kind of unfair to blame Dayton. This has more to do with them trying to get out of the U.S. to avoid the Federal 35% tax. If they had been located in any other state, they would have done the same thing. But yeah, high taxes are always a good thing. 

David Quinn
David Quinn

"Buyout/Merger",right, just like NWA and Delta! Who got the short end of the stick on that one?

braidedmerkin
braidedmerkin

I'm really tired of all these stories about Republicans lying and uttering nonsense. What do you expect? Lies and bullshit are ALL they have!

Marcos Maiero
Marcos Maiero

Yup Medtronic, like Thomson Reuters, just plays the contractor game and exploits people for lower and lower wages.

Yankee Doodle Pablo
Yankee Doodle Pablo

Minnesota has a state corporate tax rate of 9.8%. 3rd highest in the nation. Medtronic would be wise to move operations to a business friendlier location.

lonesomedrifter666
lonesomedrifter666

The sad thing is Medtronic does NOT hire people! I worked for them for 2 years with the option to hire. They even extended my contract for 6 more months but would not hire me. Instead they just canned me and "hired" another temp worker from a staffing company like they did me. This way they same money by not having to pay for medical benefits and what not.

Dino Brusco
Dino Brusco

So you'd spend 40billion bucks just to avoid taxs? What about the unfair 2per cent preprofit tax the med device industry got hit with after pharma /insurance companies colluded with the gov?

Dino Brusco
Dino Brusco

And this is relevant to the discussion how?

Mike Thorsland
Mike Thorsland

True, we don't know what will happen until it does. However, I believe and it's just my belief, that the business magazines from outside the state look at the situation from a Business perspective and business history perspective and form a probable opinion. But time will tell , maybe they wil a uprise us. What got me, was city pages. The story wasn't about Medtronic so much as it was about how they used a potential true outcome and option at least, to twist to look like siefert was a bafoon to even suggest it, even to the point to critique his grammar. I would hope people look outside of city pages for there business and political news....but some don't. I hope it does create jobs. I just don't see that happening in the term and that's because it doesn't make the most sense from a business standpoint and profitability stand point...and yes that is all they care about, specially now with a merger like this

misterrosewater
misterrosewater

I find it hard to believe that there were kids working on implantable medical devices in their parents' garages.  "Hey Billy, how's the go-kart coming?"  "Haven't had time, working on this here pacemaker thingy."

Andy Larson
Andy Larson

Because that's what American companies who want to pay less taxes do: they move to Europe. (I am not defending Dayton).

Paul Solinger
Paul Solinger

If the media reports truths that don't align with your political beliefs, then they must be biased. Republicans continue to hope that the electorate is stupid enough nor to look deeper into their claims.

KennyX
KennyX

But their legal "entity" will move from the U.S. to Ireland. That means taxes from their profit will go to the government of Ireland instead of the U.S. So that's why it's bad not just for Minnesota, but the whole country.


And those 1000 jobs would have been created regardless of the move. And the yearly incomes and taxes paid by those 1000 new jobs are about 1/100 of 1% of the lost tax revenue due to their headquarters moving. But stupid liberals such as yourself think that this is a good thing.

KennyX
KennyX

Soon you will see more and more corporations doing the same. All the producers will leave the state and all we'll be left with are the government-dependent. Detroit HERE WE COME!!!!

theoko
theoko

I can see why you object to critiques of grammar. 

misterrosewater
misterrosewater

I think the connection between Seifert and buffoonary doesn't take a whole lot of "twisting" to become painfully apparent.  He kind of rides that fine line between coming off as a party pooping buffoon and an honest-to-gosh douchebag.  

lonesomedrifter666
lonesomedrifter666

@misterrosewater I used to work for them. The guy who invented their first pacemaker worked out of his garage in Northeast Minneapolis and started the company from there.

KennyX
KennyX

Yet you fall for Barack Hussein Obama's lies every time he opens his purple lips.

MicheleBachmann
MicheleBachmann topcommenter

You vote for the party of chicken fuckers.  

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