[AT] OT shifting blame

[Cecil Bearden]

That town is no different that every other factory town that lost the 
main workplace when the manufacturer went offshore, or just went belly 
up.   Massey went bankrupt due to some bad management decisions and 
changes in Farming.  Allis Chalmers died due to the Germans buying them 
out and changing the engine design.  White motor Co. bought Oliver and 
Minneapolis Moline and just drained the companies of everything.  Then 
AGCO bought them and only kept the planter.  The later 2-105 White 
tractors were a later version of the 1850 Series Oliver.  One of the 
Best tractors made IMO.  I remember when the first Russian wheat deal 
was signed and wheat went to $6 a bushel.   One Week later John Deere 
raised prices 20% across the board....  I can't testify to 
International.   IH had some problems in the 80's.  I remember buying 
some IH stock for $6 a share in the 80's.   This was when Tenneco was 
working on buying International Harvester Ag.  Tenneco was first a gas 
transmission company...    I blame many problems in manufacturing on the 
big companies in the 70's thru the 90's playing the merger acquisition 
game.  When a company is publicly traded and their assets are worth more 
than their stock, they are in a bad position for some greedy entity to 
buy their stock and dismantle the company for a fast buck.  Airstream 
trailers was bought by Beatrice foods,  then sold to Thor corporation, 
the manufacturers of air tools.  Many of these acquisitions just did not 
make sense and then the companies flounder for several years before 
going out of business or going offshore....

Then when you have too many people with no work and the government pays 
so well for not working, then you have the drug problem...    I guess 
the old saying Idle hands are the Devils workforce is so true....

Just rambling....     Freezing drizzle for the next 36 hours here,

Cecil



On 2/26/2019 12:02 PM, Stephen Offiler wrote:
> Your statement does not accurately represent what the author is saying.
>
>
>
> On Sun, Feb 24, 2019 at 7:06 PM James Peck <jamesgpeck at hotmail.com 
> <mailto:jamesgpeck at hotmail.com>> wrote:
>
>     This author is claiming they are taking dope in Brantford because
>     MF went out of business.
>
>     https://www.theglobeandmail.com/canada/article-in-brantfords-opioid-nightmare-a-community-sees-more-hopeful-days/
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