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Romney not good for workers

October 26, 2012
The Daily Mining Gazette

To the editor:

A detailed New York Times report of Romney's activities with his speculative company Bain, revealed that Romney put millions of dollars into a Chinese company through Bain, and then had the Chinese company, where wages are 50 cents an hour, buy two crank shaft manufacturing companies in Michigan and another parts plant in Illinois. Once bought by the Chinese company, those American plants were closed, the product manufacturing moved to China, and all the jobs lost as the American plants were shut down.

People like Romney do not manufacture anything. They do not invent anything. They do not create anything, but they do make deals. By plundering existing companies, they cash in, and the jobs that went with them disappear. This is not good for the American worker. Wall Street manufactures nothing. They shift money around and skim commissions and big bonuses.

What Romney will create is not jobs, but unemployment, and if his running mate has any say, they'll cut food stamps for the unemployed and under-employed Americans. It is the Ayn Rand philosophy of (cheat) the little guy as long as the innovator inventor gets to ride rough-shod over the workers. Except Romney doesn't invent or innovate. He plunders.

HARLEY SACHS

Portland, Ore.

Fact Box

The Daily Mining Gazette welcomes letters to the editor from readers.

Letters should be signed and include name, address and telephone number. Names will not be withheld and letters should be no longer than 400 words. No personal attacks. Writers are limited to one letter per month. The Gazette reserves the right to edit letters for length, as well as for spelling and punctuation.

Mail letters to: Letters to the Editor, The Daily Mining Gazette, P.O. Box 368, Houghton, MI 49931. Letters may also be e-mailed to jnordberg@mininggazette.com or submitted on the Gazette's Web site, mininggazette.com, by clicking on "Submit News."

 
 

 

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