2016 Postmortem
Related: About this forumWatch Corporate America Turn A Room Full Of Workers Into Bernie Sanders And Donald Trump Supporters
The past few years have been very good for United Technologies. The contractor does billions of dollars a year in business with the federal government. CEO Gregory Hayes pulled down nearly $10 million in 2014, and over $20 million the year before. On Thursday, the company reported $7.6 billion in profits, up from $6.2 billion the year before, and $5.7 billion the year before that. In October, United Technologies even expanded its stock buyback program to $12 billion. Spending the company's money to purchase its own stock elevates the value of its share prices. United Technologies was so flush with cash that it could burn money to boost returns for its investors.
Surely this largesse would trickle down to its rank-and-file employees, right?
Not exactly.
On Wednesday, Carrier, the air conditioner manufacturing wing of United Technologies, told workers at its Indianapolis plant that it would be outsourcing their jobs to Monterrey, Mexico.
"Throughout the transition, we must remain committed to manufacturing the same high-quality products," an executive can be heard insisting in a video of the announcement.
"Yeah, fuck you!" a member of the crowd responds.
"Please quiet down," the official says. "This was an extremely difficult decision."
"Was it?!"
Watch the reaction in the video below.
(snip)
http://www.huffingtonpost.com/entry/why-people-really-support-trump-and-sanders_us_56be3c46e4b0b40245c6a159
cantbeserious
(13,039 posts)eom
newfie11
(8,159 posts)Vote people!!!!
Fantastic Anarchist
(7,309 posts)It just is - these corporations are getting more and more arrogant. And they have Congress and most of the candidates bought to carry out their agenda.
Situation critical.
grntuscarora
(1,249 posts)Well doesn't that just sum it all up.
Lives, families, communities can go by the wayside, and these corporate bastards think they can justify it all with the tidy little quote, "it's business".
Fuck 'em, just fuck 'em.
EmperorHasNoClothes
(4,797 posts)It's "just a business decision" that we're ruining all of your lives. Sorry (not sorry).
Volaris
(10,272 posts)..it's just good business..
The moment he realizes he's been bested by Captain Jack.
Let's all be jack sparrow this election.
Iwillnevergiveup
(9,298 posts)of "The Godfather".
Volaris
(10,272 posts)More and more, I begin to believe Chris hedges that half measures won't save us, and the corporate system of capitalism will just have to be scrapped, and to hell what the owners want.
femmedem
(8,203 posts)corkhead
(6,119 posts)Relationship? Loyalty? Nah, bow to the all mighty dollar.
SammyWinstonJack
(44,130 posts)90-percent
(6,829 posts)I've long been repulsed by the use of this term to justify the most morally repugnant decisions imaginable in the name of maximizing profits above all else.
Carrier has proven they can make boatloads of money IN AMERICA for their "Captains of Industry" at the top calling all the shots, but their mission is to make the MAXIMUM AMOUNT OF PROFITS POSSIBLE while doing business anywhere on this planet.
AT LONG LAST, AMERICAN CORPORATIONS, HAVE YOU NO SENSE OF DECENCY?
Do these Corporate overlords not think that those WITH NOTHING LEFT TO LOOSE, might resort to equally despicable things like KIDNAPPING THEIR CHILDREN, as was done somewhat in the GREAT DEPRESSION in the thirties?
Or apply some "second amendment solutions" to worms like Lloyd Blankfein and Presidential cuff links Dimon?
I'm not advocating such violence and thankfully it hasn't happened, but with America as gun crazy and unhinged as they are now, it doesn't seem entirely implausible, does it?
Which reminds me, aren't we long overdue for the next mass murder by semi-automatic weapons? Maybe the mass murderers are waiting for this cold snap to break?
-90% Jimmy
dixiegrrrrl
(60,010 posts)Carrier and Trane make air conditioners for home and business.
The EPA laws are phasing out the freon in those units, which is making existing freon more expensive every time a unit needs a refill
AND
will be illegal to use by 2020.
Instead, new units will be needed which are designed to not use freon but some other type of coolant.
Therefore, in the next 5 years, Carrier will have a LOT of new unit orders.
I know this because my A/C guy, who I know well and trust, has warned me.
Which is why the 20 year old unit in our house was just replaced instead of repaired when it broke down in Dec.
So Carrier is looking at millions of $$$$ when people replace the millions of units. Down in the South, 99% of the homes have and need A/C.
Fantastic Anarchist
(7,309 posts)And if we don't treat it as such, then we the people need to treat it as such.
By the way, French labor still kidnaps the CEO of their companies - and they have better working conditions than us!!!
berningman
(144 posts)JPnoodleman
(454 posts)I can make a judgement call about someone who does that.
TBF
(32,064 posts)capitalism is only serving the very richest folks around us. It is time to make this economy work for ALL.
Salviati
(6,008 posts)We'll remember that when we're holding the torches and pitchforks.
SHRED
(28,136 posts)Why would they become Trump supporters since he does the same thing?
Volaris
(10,272 posts)Let's be nice to them.
SHRED
(28,136 posts)I asked the author this too. No response.
Ferd Berfel
(3,687 posts)I'm curious about that one too.
seabeckind
(1,957 posts)I guess they're too busy writing up a bond issue to make sure the new Ikea gets an exit on the interstate so their customers can get in and out easily. Of course the taxpayers got to help out by buying the land and then offering it to Ikea at a discount.
We're talking almost 250 JOBS! Minimum wage jobs, but whatever.
Small price to pay for republican progress.
Volaris
(10,272 posts)It's an oxycontin
oxymoron
oxyMoran
Whatever, you know what I mean=)
Ligyron
(7,633 posts)Stuart G
(38,434 posts)aintitfunny
(1,421 posts)To do business with traitor corporations bent on saving a few bucks and keeping the US working Class under their heels.
Ligyron
(7,633 posts)aintitfunny
(1,421 posts)abelenkpe
(9,933 posts)paleotn
(17,931 posts)....and to think some Dems here at DU actually support these free trade policies. The sad truth is, much of this "free trade", fuck American workers for cheaper labor disaster is due to Democrats. NAFTA, WTO, TPP anyone? Rethugs certainly didn't complain and are responsible for they're own fuck America agreements.
Hill is proposing a $125 billion economic revitalization plan. It supposedly creates new jobs doing....what exactly. Our trade policies have gutted the only part of our economy capable of providing huge numbers of good paying jobs. Trade policies hubby championed and she has not denounced.
Fuddnik
(8,846 posts)What's next? Their nuclear submarine business?
Red Oak
(697 posts)Capitalism, as we now have it in Oligarchy form, does NOT work for the American middle class.
Bernie has little to explain about being a Democratic Socialist.
Unitrd Technologies CEO Greqory Hayes should be ashamed of himself.
GoneFishin
(5,217 posts)are cowed by requests to be civil and reasonable. But there is nothing civil or reasonable about throwing workers out of their jobs and hurting the economy by sending that payroll and tax money to another country.
"Fuck you". Good answer.
jalan48
(13,870 posts)Fantastic Anarchist
(7,309 posts)You know, harmless, playful fun.
Donkees
(31,415 posts)Bluzmann57
(12,336 posts)And I agree 100 pct. with the guy who said, "Yeah fuck you." The long overdue revolution has started and I don't think the establishment types can stop it. They better watch their backs.
Snarkoleptic
(5,997 posts)I'm sure it sounded great around the conference table and in the C-Suite bubble, but these people are screwed.
The lion of the Senate nailed it here-
http://www.huffingtonpost.com/entry/why-people-really-support-trump-and-sanders_us_56be3c46e4b0b40245c6a159
jhowell882
(1 post)this is the reason why we no longer need corporations. let them pay their taxes or get out.
livingonearth
(728 posts)They're going to leave anyway, so don't try to keep them here with low taxes. And, I say tax them double when they ship the crap they make back here to sell it. They always want to sell their stuff here but not make it here. Assholes!
Dretownblues
(253 posts)Anyone has proposed a traiff on US companies that produce outside the country. Set it at a rate that would make it equal to what it would cost them to make it in the US.
Jenny_92808
(1,342 posts)mountain grammy
(26,623 posts)Gee who saw that coming? Only Bernie, me, you,and a few million more.
BuelahWitch
(9,083 posts)And that of their officers. Don't like it? Go live down in Mexico (or India, or Botswana or wherever you're taking your jobs.) And take your wives and fucking kids too!
Enthusiast
(50,983 posts)Art_from_Ark
(27,247 posts)Duckhunter935
(16,974 posts)Strike again, I hope Bernie uses this in an ad
IronLionZion
(45,450 posts)They are such job creators that they are creating jobs in Mexico!
Are the VERY republican policies and regulations in the red state killing these jobs? Maybe Obama is punishing this state for voting against him!
Trump will know what to do!
whereisjustice
(2,941 posts)they are being replaced by workers in India. But India is too expensive now, so after fucking workers with NAFTA, Hillary went straight to work shilling for TPP - the gold standard for sending millions of new jobs to a low wage unregulated workforce in Vietnam.
Fantastic Anarchist
(7,309 posts)It would be funny if it weren't so sad.
whereisjustice
(2,941 posts)antigop
(12,778 posts)So which outsourcing IS she against? And who is "we"? The DLC/Third Way/Corporate Dems?
tokenlib
(4,186 posts)We could make it economically foolish for companies to do this... Tear up the free trade stuff to do this if need be.