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View Diary: BMW--The Ultimate Layoff, Taxpayer-Robbing Machine (175 comments)

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  •  maybe BMW will do the right thing (0+ / 0-)

    and offer the laid off workers positions in their new carbon fiber plant?

    •  Thanks to $4million in government subsidies (1+ / 0-)
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      State and local governments in Washington offered SGL and BMW more than $4 million in incentives to locate the carbon-fiber plant in Moses Lake.

      In January the state Community Economic Revitalization Board approved a $1.5 million loan and a $500,000 grant to the Port of Moses Lake to help build a substation to provide power to the factory.

      Other state funds will be used for energy-conservation and waste-recycling equipment and worker training, Susan St. Germain, economic-development manager for the state Department of Commerce, said in an email.

      I mean, WTF? Is this even 'capitalism' any more? Sounds like sweetheart socialism for the big corporations, and dog-eat-dog capitalism for the workers.

      •  it's just the treatment they're used to (1+ / 0-)
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        sad to say.  remember during the bailout of GM and chrysler... the southern state senators champing at the bit to let them fail, because it would be good for toyota and honda -- for which their states had already similarly incentivized factories.
        but yeah, it's pretty much the opposite of the free market mythology being peddled.

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