The factory that makes Dunlop and Falken tires in Buffalo was shut down (Source).
Politicians are wailing that they were not consulted. They say that the loss of 1550 union jobs with excellent pay will be devastating to the economy and the tax base.
Sumitomo Rubber USA, the owner of the plant attempted to divest it but there were no serious offers to buy it.
As serious as a heart-attack
I have a proposal: The City of Buffalo, New York should buy the plant and run it. As simple as that. Sumitomo was looking for a buyer. How hard can it be? Is it any harder than running a water-treatment plant or keeping the streets clear of snow in the winter?
Buffalo takes on the contracts, pensions, healthcare benefits and payroll for the plant. I suspect that the City can find a few managers with a little bit of spare time on their hands.
A signal to the legacy media
Donald Trump refused to participate in any debates on the "mainstream media" after he was corn-holed by the "moderators" in the first one.
I thought that was a horrible idea and would be a disaster. That would have been true in the 1990s but mainstream media "news" now has all of the impact of a televised, LPGA tournament with a $1.5M purse.
It made ZERO difference in the outcome.
Sometimes the chickens come home to roost. Sounds like what happened in Buffalo.
ReplyDeleteWhy would a company want to be in New York?
ReplyDeleteThank you Mr. Wilder. And get off my frequency. Heh.
ReplyDeleteGovernments of any stripe have never run a business at a profit to my knowledge. While I know nothing about running a large business outside my own narrow specialty, looking at socialist government run economies, I doubt Buffalo would be an exception.
ReplyDelete