The Layoff VICTIMS - Is this Romney's plan for Americans? (wage, illegal)
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oh, so romney's company BUYING A FAILING company and saving it for a few years, is a bad thing
with out romney, the old mill would have died sooner
No one said that.
Screwing the employees out of the severance, health insurance and pensions they were promised is what the issue at hand is.
Make ya wonder if he will be up to old business if, by some remote miracle, he makes it into the Oval Office.
I was laid off from a company that went through hard times. No severance or health insurance for me, either.
It's called: THERE IS NO MONEY.
GS said it was shedding the guarantees it had promised its workers in the event of a plant closure - the severance pay, health insurance, life insurance and pension supplements that had been negotiated during the 1997 strike.
So the Business model Mr. steal your pension and load up the debt Romney used at one time was called Racketeering. It was a practice used by the immigrant mobs of the 40's, 50's, 60's and the 70's. He has learned well what else can he steal from people if elected Pres?
at some point in time businesses fail, we cant save them all so it is best to cut away the deadwood and move on. imagine being the last buggy whip maker. you might have the finest buggy whips, but at some point your customer base is so small that keeping the business open is in fact a losing proposition.
the thing that people have got to understand is that businesses are there to make money for the owners, not provide jobs for everyone. the fact that many businesses grow to the point where the owner cannot handle the volume of business by themselves means the business is successful. the side benefit for the average person is that jobs are available.
So he kept 750 people employed for a decade that othewise would have lost their jobs..
Tell me walidm, whats the alternative, government owning these businesses and they never close if they arent profitable?
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