NEW YORK (TheStreet) -- Republican presidential hopefuls cheered the National Labor Relations Board's decision on Friday to drop its challenge to Boeing's decision (BA) to build a new manufacturing plant in South Carolina.
The board dropped the case against Boeing after the machinists union reached a four-year agreement with the aerospace company that promised to build the newest 737 planes in Washington state.
"The National Labor Relations Board's decision to drop its suit against Boeing is a welcome step," Mitt Romney said in a statement. "But the fact that the Board acted at the request of the union bosses tells us all we need to know about who is calling the shots.""The NLRB's suit was a politically motivated assault on the rule of law by President Obama and his big labor allies," Newt Gingrich said in a statement. "The Republican House should cut off all funding for the NLRB until President Obama withdraws the nominations [to the NLRB] of Lafe Soloman and Craig Becker." "The NLRB decision is a victory in a battle that should have never been fought," former Utah Gov. Jon Huntsman said. "Their action against Boeing in South Carolina was an unprecedented attempt to interfere in the free market, and an attempt to politicize companies' decisions as how and where they create jobs." " The NLRB action was a political payoff for the Obama Administration's liberal big labor organizers, and remains a strong example of why President Obama must be defeated and Washington must be seriously overhauled," said Texas Gov. Rick Perry. "I'm glad people are going to be working," President Obama said in response to a reporter's question about the decision. "Obama is glad they have reached a resolution, but the president was not involved," Jay Carney, White House press secretary, said Friday. -- Written by Joe Deaux in New York. >Contact by Email. >Follow Joe Deaux on Twitter. Subscribe on Facebook.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV