Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Heartbreaking story in the first segment about a small town economically devastated by the loss of the Maytag factory. Second segment about tax policies and the deficit.
I feel so terrible for the people who are becoming homeless and destitute, despite having worked responsibly all their lives. WHAT is going to happen? Economists have said the "recovery" already happened and it is weak -- not gonna get any better. Are there any community wide efforts to help keep each other afloat? Or is everyone just depending upon government assistance? Eventually that will run out.
If that story was about the plant in Newton, IA, it's closing is not about the recession: It's about the same ol' story...corporate greed.
Maytag was bought out by Whirlpool a few years ago and they've been steadily shedding employees ever since. Whirlpool wasn't content just to compete with Maytag; they had to own them too and change the way they do business.
The Newton plant once had something like 6000 workers, but more and more production was shifted to Mexico or China and the last I heard, the number of workers had shrunk to 1600. I believe the final closing saw those remaining jobs go to Mexico and a non-union plant in Ohio.
Heartbreaking story in the first segment about a small town economically devastated by the loss of the Maytag factory. Second segment about tax policies and the deficit.
I feel so terrible for the people who are becoming homeless and destitute, despite having worked responsibly all their lives. WHAT is going to happen? Economists have said the "recovery" already happened and it is weak -- not gonna get any better. Are there any community wide efforts to help keep each other afloat? Or is everyone just depending upon government assistance? Eventually that will run out.
Very scary times.
What does our present administration want any more than more and more people depending on them for assistance? The more people that are like that the more votes they will get and that is for progressives.
What does our present administration want any more than more and more people depending on them for assistance? The more people that are like that the more votes they will get and that is for progressives.
I don't think the current administration or progressives in general had anything to do with the buyout and outsourcing of the Maytag brand, Roy. It was just pure capitalism doing it's best to strenghten it's bottom line and increase profits for the shareholders. Corporate business does not view their employees as people. They are refered to as "labor expense" in the P&L statement.
It was just pure capitalism doing it's best to strenghten it's bottom line and increase profits for the shareholders.
Actually, capitalism, as defined, does not include group owned limited liability stock corporations that pay dividends (usury).
Capitalism only means private ownership.
Stock corporations are artificial persons granted a privilege by government, to exist, and have no "rights". So technically, the "evil corporations" are children of the government, the parent corporation.
If the government so decreed, the "private" corporations could be dissolved.
No one "owns" a corporation except by government permission (and subject to taxation and regulation).
That is certainly NOT capitalism.
But you already suspected that you've been lied to.
Heartbreaking story in the first segment about a small town economically devastated by the loss of the Maytag factory.
That's old news. Everyone knew the factory would close. If they employees would have went to university or vocational school to get additional training, or looked for another job, then wouldn't be in the mess their in.
Everything is cheaper to do in Asia or India. It doesn't make sense to hire people for anything you can do overseas. We cannot compete with people who make $2 a day.
Everything is cheaper to do in Asia or India. It doesn't make sense to hire people for anything you can do overseas. We cannot compete with people who make $2 a day.
That's not true...
You can compete if you have equitable trade.
But when you have layers upon layers of bureaucracy, administrative overhead, insurance, taxes, and fees inflating the cost to hire and sell labor, America can never compete locally or internationally.
For example, what do you think would happen the day AFTER all taxes, rules and regulations were removed from American industry?
Would expatriate companies stay on foreign soil or rush back?
I would strongly suspect that companies would rush back here, in a NY minute.
In short, government meddling is the root cause for economic decline in America.
No, you do not need strict regulations to control harmful industry. All you need to do is hold them accountable, under existing law. But that's what no one will address. Why else can a corporation and its stockholders escape responsibility for criminal and civil damage?
Take pollution, for example. All government regulations do is establish LEGAL limits. But if you consider pollution as poisoning, what kind of fool accepts "legal poisoning"?
If a corporation poisons someone's water, land or air, hold them legally responsible.
Better yet, have a corporation's inlets downstream of its outlets, and mandate that the Board of directors and Executives all have to imbibe the effluent from their operations... on a weekly basis.
When their own lives are at risk, they will NOT knowingly pollute. And if they accidentally pollute, the new management will rush to correct the problem... hopefully soon after the funerals.
That's old news. Everyone knew the factory would close. If they employees would have...or looked for another job, then wouldn't be in the mess their in.
What jobs?
Wow, you are drunk on the cool aid terminally.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
