What $100 Billion Buys...
"Harry Krause" wrote in message
...
plantsman wrote:
Bull! to Newsmax. I don't care how they cook the books on this one,
jobs
are not being created in Tennessee and more are going way south or far
east
every day. In just my area of NE TN, in the past ten years, we've lost
something to the tune of better than 6,000 manufacturing jobs and over
1,000
more engineering and support jobs for the area's industry. That's
almost a
quarter of all industrial jobs here. Even Burger King has taken down
their
"Help Wanted" signs. I'm a Republican but if the Bush team succeeds in
measuring burger flippin' as a manufacturing job, them I'm going to
reconsider my vote come November. Real estate here is a mini-mansion
buyers
market, as so many white collar folks have had to pull up and relocate
when
their $100K+ jobs evaporated due to cutbacks. It's still not over, more
layoffs are expected as the area's largest employer, Eastman Chemical,
sells
off one of their divisions and potentially 2,000+ people will be
impacted.
We've got Bechtel mechanical and chemical engineers delivering pizzas
and
working for the newspaper in an effort to keep from having to move away
and
loose their butts on their homes. It is the pits! My former employer
(industrial equipment/supply) (I retired in July due to illness) went
from
having over thirty people working to only about eleven, due to the
fallout
from Eastman basically stopping in their tracks. They're not optimistic
about surviving as a company. Several competitors and related companies
have already bellied-up. Everyone from car dealers, furniture stores,
and
everyone except Wal-Mart has been impacted.
David S.
Kingsport, TN
Cheap labor...the dream of Republicans everywhere.
It's the dream of every employer...Democrat *OR* Republican. Do you know
*anybody* in business who dreams of expensive, over-paid labor? The first
thing *any* company does in a recession is cut costs...and the biggest cost
to any company is labor. Look at a P&L for any company. See the biggest
expense? Employees.
Let's say the employee cost for a company is 25% of revenues, the other
costs are 45%, and the company has a net profit of 30% of revenues. If you
cut the employee expense in half by sending jobs overseas, you've increased
your net profit almost 42%!!! Any savings go directly to the bottom line.
The only reason Democrats might not see it this way is because they make
lousy business people.
Every Democrat that I know, works for someone else. And everyone I know who
works for himself/herself, is a Republican.
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