RedState provides some crappy information, but y'all know who this player really is--and where they are really based.
President-elect Donald Trump...is apparently targeting another Indiana
company for its decision to move jobs out of the country....Rexnord is an Indianapolis based machine parts manufacturing company.
Reports suggest that they are planning to move approximately 300 union
jobs and 80 managerial jobs to Mexico....
The Indy division is the old Rex-PT, acquired in 1988. The history here is ironic:
...Interestingly, PT Components had a history longer than and somewhat
parallel to that of Rexnord. It was originally founded in the 1870s as
Ewart Manufacturing Company in Indianapolis, Indiana, by W.D. Ewart, a
co-worker of Rexnord's founder, C.W. LeValley. Ewart had beaten inventor
LeValley in the race to patent detachable link belts, but LeValley
discovered a way to develop a link belt product that did not infringe on
Ewart's patent and established his own company. The two companies were
competitors in this field. Ewart Manufacturing later became the Link
Belt Company and eventually PT Components....
Well, anyway, we'll see what happens with the TrumpTweet. To all the pure, 'wind-driven snow' libertarian capital-firsters out there like Levin, this will be another bloody rape scene. To the 400 or so Rex/Indy employees, not so much.
By the way, those capital-firsters are not doing their Libertarian homework very well:
...Decades ago, economists like Mises and Rothbard
were already arguing that tax breaks are not economically or ethically
equivalent to receiving subsidies. Simply put, being permitted to keep
your income is not the same as taking it from competitors. Exemptions
and loopholes do not forcibly redistribute wealth; taxes and subsidies
do, thereby benefiting some producers at the expense of others....
IOW, it really isn't the Gummint's money to give in the first damn place.
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