Bain isn't a social service. Steel plants went down left and right at that time. This company was given a last chance at survival, and instead of getting on board, they chose to play union games. It's hard to feel sorry for people who just refuse to deal with reality. Nobody is guaranteed a job. Certainly, they aren't guaranteed health care in perpetuity after they've lost that job. You point out this company was in business for 105 years... how had they gotten into the kind of trouble which put them on Bain's radar to begin with?
You know, this is really getting borderline on blaming a rape victim for dressing too sluttily.
"Why how dare those unions guys strike after they put the company 500 Million in the hole while paying themselves huge bonuses."
The issue of the strike was that Bain wasn't funding the pension funds. And the Federal government ended up picking up a 44 million dollar tab.
The Kansas City, Mo., plant felt the brunt of Bain Capital's cuts, according to news reports, with one state legislator accusing the venture capital firm of union-busting during a 1997 strike - the company's first in nearly 40 years - that lasted 10 weeks. A key sticking point in that strike was job security and pension benefits for workers who suspected that Bain Capital was trying to cut operating costs for a quick sale.
Read more here:
Romney's Bain made millions as S.C. steelmaker went bankrupt | McClatchy
But, hey, they're just working people. **** 'em.
Romney needs a new Dressage Horsie.
The best kind of Union to be found in society, is a great economy that has great jobs all around galore for all.
Otherwise if one does not like working for an idiot who is greedy and wrong headed at a specific company, then he and his co-workers once could go to work at another company in a heart beat, for whom would have been way better of an employer than the one being worked for in the area.
This inturn would always put huge pressure on the bad company, thus forcing them by competition to do better when it comes to all in order to keep up or it would fold eventually, giving way for another good company to come in quickly (do good) and take it's place.
This can only happen again, if capitalism is allowed to burst into full speed, thus providing opportunities and competition that forces bad ideologies and companies to conform, and this all due to the competition that would exist again around them, instead of this holding up bad CEO's and bad companies by government force, government subsidizing and/or by union force.
This type of system creates slavery in the end, because government will not intevene on the employee's behalf (seen to many times these days), and especially once the competition has been shut down around them (don't want to up the un-employment rates right?), and ultimately the union will bust the company, (also seen to many times these days) sending it into bankruptcy and such where there was no longer any competition. Now all because of a company operating with no competition anymore, the union will always ask for or want to much, as it would see it as vulnerable in this state of existance (thinking that it will have to capitulate always to its commands due to no competition as it would then stand firmly as an issue), and this is where the owners will shut down eventually, instead of giving in (i.e. taking their golden parachutes and gliding off into the sunset if they have to).
The government of this nation should only be encouraging capitalism, and then getting as many companies as they can up and running again, then this will be the savior of this society and it's economy again, and not corporate communism or slavery as it is becoming today, where people have no where to go, and thus some companies will know that they are vulnerable with no where to go, and will begin the downward spiral of their benefits, pay and etc. but will also increase their work loads and etc. (one man working 3 mens job, but for the same low ball money) in order to compensate for the loss of competition around them, in which increased the work loads to the inth degree all because of, and then encouraged corporate slavery and government control all because of.
What a terrible mess this nation is in, and Obama does not have the right answers, but rather he has all the wrong answers in dealing with this stuff, but are they the wrong answers he has (or) is it that he also is taking advantage now of the vulnerabilities found in it all, that have been created due to the loss of competition and companies in our society over the years, making us all more vulnerable to being controlled more so than ever before now ? What was it that Rahm Emanual said (never let a good crisis go to waste Mr. Obama), and so there is your answer to what this administration is thinking, and what they are about, now make your choice, but make it good.
