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Re: 5 myths about US manufacturing


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Posted by Frank 41 on November 09, 2013 at 18:30:13 from (50.122.87.163):

In Reply to: 5 myths about US manufacturing posted by George Marsh on November 09, 2013 at 05:38:05:

Just think back to around a year ago. Ann Romney put some change(1 million+) in Paul Singers hand to help buy Delphi when the owner of a sport team in Detroit was closing on them with the government. After Singer, who not allowed to do business in many other countries, bought Delphi for less money, they closed all but one(26 plants) plant and moved production to China. This past year that 1 plant was moved to Mexico. They even moved company headquarters from Troy, MI to the Isle of Jersy in Europe. That million + was thought to be worth 10 to 15 some time back. Bain Capital(Romney's little personal money maker) was in there wheeling and dealing on this one also. Read in detail about this from Greg Plast who had researched this over several years.

And talking about WW2. Ford sold vehicles to Germany, Standard gave the ethel patent them(was to have gotten the synthetic rubber patent on trade), and 7 chemical groups fromed IG Farben of which some were BASF, Bayer, Hoechst, and others. There is massive reading about them that is very well documented.

Yes it is wonderfull to see a company like Red Wing and others that make everything from and in the US. When Nike moved production, did the price of their shoes go down? I don't think so. They should be taxed double instead of being given tax breaks by WHO?


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