Yes, it’s great that all turned out well for the auto workers, but it is absolutely horrendous to know that the American taxpayers via President Obama’s actions could have been left standing for billions of dollars – and still might.
Mitt Romney and Bain Capital purchased a factory in China that took on the demand from outsourcing from other US companies. So they profited by increasing profits from companies they owned by shipping jobs overseas and they profited from other companies shipping jobs overseas by doing the work that used to be done in cities and towns across America.
Democratic Sen. Richard Blumenthal and Rep. Chris Murphy have released a survey of Connecticut manufacturers that shows optimism about the companies’ futures but concerns about health care costs and the slow economy.
Paul Ryan has changed the Electoral College math. With the pick, Romney has chosen a path that writes off almost all of the country and focuses the election on the industrial Midwest.
Mitt Romney’s contortions to differentiate offshoring from outsourcing don’t matter to those who lost their jobs because of it.
In another blow to manufacturing in Connecticut, Unilever has announced it will be closing it’s plant in Clinton.
By STEPHEN SINGER, AP Business Writer HARTFORD, Conn. (AP) _ Connecticut, long criticized as a costly place for manufacturers to do business, is not that expensive after all, according to a new University of Connecticut […]