Bain Closes U.S. Plant, Forces Workers to Train Chinese Replacements

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F

Footwedge

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9,265 posts
Aug 18, 2012 1:37 PM
And people wonder why the true unemployment rate hovers around 14% in our country. But a certain poster with 3 degrees in finance will argue that only shitty jobs are sent overseas. Try reading the article and tell these people how shitty their jobs were.

I don't have a problem at all with Americans competing globally. What I have a real problem with are these countries, like China, that have absolutely no labor laws in place for true competition. The Chinese government siphons off trillions of dollars from their people in order to buy American equity...or loan to the US government.

Imagine the outrage in this country if the US had 90% of it's citizenry living in bungalos, while the national government was sitting on trillions.

Romney et al spew the same garbage. Cut taxes will solve it all. All cutting taxes will do is hasten the export of America's good standard of living.

http://www.dailyfinance.com/2012/08/17/romney-bain-closes-us-plant-workers-train-chinese-replacements/
Aug 18, 2012 1:37pm
sleeper's avatar

sleeper

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27,879 posts
Aug 18, 2012 2:30 PM
Good for Bain. Saving a company from overpaying for manual labor, which Americans cost too much to perform.
Aug 18, 2012 2:30pm
G

gut

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15,058 posts
Aug 18, 2012 2:41 PM
[yawn]. Exceptions don't prove a rule...you're teachers SHOULD have taught you that. Same way you try to cite a few companies with no tax liability in a particular year (do to loss carry-forwards or write-offs) and claim that proves America doesn't have among the highest corporate tax rates in the world, despite ample evidence proving and showing just that.

No one says bunk when Honda or Toyota opens a plant in the US. Outsourcing goes both ways. Trying to protect uncompetitive workers is a lose-lose. Auto plants going to China are primarily to position for that growing market, the same sort of choice Honda and Toyota have made locating in the US because exporting whole cars is really expensive. The article is a nice spin written by someone who doesn't understand how to create value in a company and targeted to exploit similarly ignorant people. You wouldn't put real value at risk with this kind of move - the profitability and competitiveness (long-run) is grossly overstated in this article, we can guarantee that. I mean, there's a reason this company and it's components have been sold by Honeywell, etc, in the first place.

And rather than invest in that company you'd prefer a handout from the govt instead of a dividend from a successful company.
Aug 18, 2012 2:41pm
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2kool4skool

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1,804 posts
Aug 18, 2012 2:54 PM
gut;1249801 wrote:[yawn]. Exceptions don't prove a rule...you're teachers SHOULD have taught you that
lol
Aug 18, 2012 2:54pm
G

gut

Senior Member

15,058 posts
Aug 18, 2012 2:57 PM
2kool4skool;1249808 wrote:lol
haha....I took economics and finance classes instead of typing classes.
Aug 18, 2012 2:57pm
G

gut

Senior Member

15,058 posts
Aug 18, 2012 3:00 PM
There's an energy boom in the US. But let's squash that and focus on saving jobs that put screws in holes.
Aug 18, 2012 3:00pm
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said_aouita

Banned

8,532 posts
Aug 18, 2012 3:43 PM
gut;1249812 wrote:There's an energy boom in the US. But let's squash that and focus on saving jobs that put screws in holes.
But who will take care of the pit bulls? Can't eliminate all the stupid people.
Aug 18, 2012 3:43pm
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believer

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8,153 posts
Aug 18, 2012 3:59 PM
Footwedge;1249772 wrote:All cutting taxes will do is hasten the export of America's good standard of living.
Raising taxes sure as hell won't improve America's good standard of living.
Aug 18, 2012 3:59pm
F

Footwedge

Senior Member

9,265 posts
Aug 18, 2012 5:31 PM
sleeper;1249794 wrote:Good for Bain. Saving a company from overpaying for manual labor, which Americans cost too much to perform.
That's fine. Just don't ever bitch about the national debt if that's how you feel. Because the outsourcing of jobs due to unfair global competition is a "cause and effect" in high unemployment, government spending, expansion of government.

And you were a business major? Find religion.
Aug 18, 2012 5:31pm
F

Footwedge

Senior Member

9,265 posts
Aug 18, 2012 5:36 PM
believer;1249843 wrote:Raising taxes sure as hell won't improve America's good standard of living.
My point is that Romney hasn't said one thing that he will do differently than Obama. Sans vetoing Romneycare...uh, I mean.... Obamacare. Excuse me.

Don't believe me? Well here's Romney's campaign manager admitting as much. Hilarious. But go ahead, root for the home team...like it's gonna matter a hill a beans.


http://www.huffingtonpost.com/2012/08/17/romney-adviser-campaign-specifics_n_1797570.html
Aug 18, 2012 5:36pm
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believer

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8,153 posts
Aug 18, 2012 5:48 PM
So Footie....If Romney wins will your head explode? If Obama gets re-elected will your head implode? One or the other will happen. Then what?
Aug 18, 2012 5:48pm
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ts1227

Senior Member

12,319 posts
Aug 18, 2012 6:05 PM
gut;1249810 wrote:haha....I took economics and finance classes instead of typing classes.
That was a composition error, not typing :p
Aug 18, 2012 6:05pm
sleeper's avatar

sleeper

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27,879 posts
Aug 18, 2012 6:24 PM
Footwedge;1249877 wrote:That's fine. Just don't ever bitch about the national debt if that's how you feel. Because the outsourcing of jobs due to unfair global competition is a "cause and effect" in high unemployment, government spending, expansion of government.

And you were a business major? Find religion.
Unfair? Not at all. It takes an understanding of global economics, something you severely lack, in explaining why companies are outsourcing.
Aug 18, 2012 6:24pm
F

Footwedge

Senior Member

9,265 posts
Aug 18, 2012 6:49 PM
believer;1249890 wrote:So Footie....If Romney wins will your head explode? If Obama gets re-elected will your head implode? One or the other will happen. Then what?
I'll buy a new head...
Aug 18, 2012 6:49pm
F

Footwedge

Senior Member

9,265 posts
Aug 18, 2012 6:53 PM
sleeper;1249903 wrote:Unfair? Not at all. It takes an understanding of global economics, something you severely lack, in explaining why companies are outsourcing.
So what country will you be migrating to? The Indians have a 100 business majors smarter than you that can do your shit for 30 cents on the dollar. The only difference is that they won't need your ass to train them. Who knows, maybe social security will be solvent over there in India. Find religion.
Aug 18, 2012 6:53pm
J

jmog

Senior Member

6,567 posts
Aug 18, 2012 7:08 PM
Footwedge;1249772 wrote:And people wonder why the true unemployment rate hovers around 14% in our country. But a certain poster with 3 degrees in finance will argue that only ****ty jobs are sent overseas. Try reading the article and tell these people how ****ty their jobs were.

I don't have a problem at all with Americans competing globally. What I have a real problem with are these countries, like China, that have absolutely no labor laws in place for true competition. The Chinese government siphons off trillions of dollars from their people in order to buy American equity...or loan to the US government.

Imagine the outrage in this country if the US had 90% of it's citizenry living in bungalos, while the national government was sitting on trillions.

Romney et al spew the same garbage. Cut taxes will solve it all. All cutting taxes will do is hasten the export of America's good standard of living.

http://www.dailyfinance.com/2012/08/17/romney-bain-closes-us-plant-workers-train-chinese-replacements/

Th whole article loses credibility when it starts with the "Bain and Romney killed my wife" ad and proceeded to defend it.

After that everyone should stop reading.

On top of that this is happening currently while Romney left Bain more than 10 years ago. So your attempt at tying this to the current candidates is an outright lie.
Aug 18, 2012 7:08pm
F

Footwedge

Senior Member

9,265 posts
Aug 18, 2012 8:12 PM
jmog;1249924 wrote:Th whole article loses credibility when it starts with the "Bain and Romney killed my wife" ad and proceeded to defend it.

After that everyone should stop reading.

On top of that this is happening currently while Romney left Bain more than 10 years ago. So your attempt at tying this to the current candidates is an outright lie.
I never mentioned the name Bain in my editorial. I don't care who the company is. There is nothing partisan in what I wrote. I didn't try to tie anything to anything. It's you and your wild imagination that connected some dots. You should apologize.

If you disagree with my assessment on outsourtsourcing American wealth, then have at it. That's what my editorial, opening thread opinion was all about.
Aug 18, 2012 8:12pm
sleeper's avatar

sleeper

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27,879 posts
Aug 18, 2012 8:40 PM
Footwedge;1249917 wrote:So what country will you be migrating to? The Indians have a 100 business majors smarter than you that can do your shit for 30 cents on the dollar. The only difference is that they won't need your ass to train them. Who knows, maybe social security will be solvent over there in India. Find religion.
I'll be alright. I'm staying here and cashing fat checks.
Aug 18, 2012 8:40pm
C

Con_Alma

Senior Member

12,198 posts
Aug 18, 2012 8:57 PM
Footwedge;1249877 wrote:That's fine. Just don't ever bitch about the national debt if that's how you feel. Because the outsourcing of jobs due to unfair global competition is a "cause and effect" in high unemployment, government spending, expansion of government.

And you were a business major? Find religion.
Hogwash. Continuing to spend on services when less revenue is coming in is not acceptable.
Aug 18, 2012 8:57pm
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Terry_Tate

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7,606 posts
Aug 18, 2012 9:01 PM
I just read the article and just took it as "shame on them for wanting to make more money." I'm all for keeping jobs in the US, but if my company would say they are shipping my job elsewhere I wouldn't QQ about them wanting to make more money, I'd say ok and try to find somewhere else to work. Nobody owes me a job, its on me.
Aug 18, 2012 9:01pm
sleeper's avatar

sleeper

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27,879 posts
Aug 18, 2012 9:08 PM
Terry_Tate;1249974 wrote:I just read the article and just took it as "shame on them for wanting to make more money." I'm all for keeping jobs in the US, but if my company would say they are shipping my job elsewhere I wouldn't QQ about them wanting to make more money, I'd say ok and try to find somewhere else to work. Nobody owes me a job, its on me.
This. A mentality lost on Footwedge because he thinks Americans can be competitive with $25/hr salaries to screw in a screw.
Aug 18, 2012 9:08pm
believer's avatar

believer

Senior Member

8,153 posts
Aug 19, 2012 8:02 AM
Footwedge;1249913 wrote:I'll buy a new head...
Just remember it's not tax deductible.
Terry_Tate;1249974 wrote:I'm all for keeping jobs in the US, but if my company would say they are shipping my job elsewhere I wouldn't QQ about them wanting to make more money, I'd say ok and try to find somewhere else to work. Nobody owes me a job, its on me.
Couldn't agree more.
Aug 19, 2012 8:02am
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HitsRus

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9,206 posts
Aug 19, 2012 10:26 AM
....okay Wedge...suggestions?....and who can we elect to pull them off?
Right now...its Romney/Ryan...or Barry and Snookie. One of those pairs gets elected in November. Tell me who you think I need to vote for and why. If it isn't going to make a difference, could you suggest a good place to emigrate?

Th whole article loses credibility when it starts with the "Bain and Romney killed my wife" ad and proceeded to defend it.

After that everyone should stop reading
Truth.
Aug 19, 2012 10:26am
believer's avatar

believer

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8,153 posts
Aug 19, 2012 12:12 PM
HitsRus;1250092 wrote:....okay Wedge...suggestions?....and who can we elect to pull them off?
He'll likely tell us it's Ron Paul. The problem is the Paulists made a valiant effort but have fallen woefully short of the target. Paul ran as an "R" and lost. End of story.
HitsRus;1250092 wrote:Right now...its Romney/Ryan...or Barry and Snookie. One of those pairs gets elected in November.
It may not be ideal, but this is a fact. The bottom-line is it's a simple matter of deciding if we want 4 more years of Barrynomics. If so, vote for Obama or waste your vote on Ron Paul. Either one locks it in.

Perhaps a Romney presidency is more of the same, but common sense tells me that the answers do not lie in an Obama second term.
Aug 19, 2012 12:12pm
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pmoney25

Senior Member

1,787 posts
Aug 19, 2012 12:23 PM
Paul or Gary Johnson would have had an easier time beating Obama than winning the Republican primary honestly. At least if Obama wins we get another chance in 4 years of electing a real candidate instead of 8 more years of crap. I won't vote for Paul since he won't be on the ballot but I will be voting Johnson.
Aug 19, 2012 12:23pm