Time to boycott Rexnord.
And incentives...they work in every city and town...and the folks aren't even moving to Mexico.
Add a little surcharge to incoming goods...every other nation does it....
In other words...get rid of NAFTA.
Work separate deals with Canada and Mexico.
So over 60% of the Carrier jobs in Indiana are still going to Mexico?
A former boss served on Florida Governor Rick Scott’s advisory board. The boss told me that if a company was willing to send as few as 50 jobs to Florida, the Governor would be on the phone and send a plane to pick them up. His office would act as sales rep and take them to potential sites. I was impressed.
Trump seems to be doing the same. (Incidentally, this is anecdotal, but Florida seems to be doing pretty good on jobs. I see more and more houses being built, roads being repaired, infrastructure being built and companies moving into formerly empty buildings.)
Let’s just hope the unions don’t screw things up. There was a point in history where unions were needed, but some of them (not all) got greedy and stopped caring about the members and began running the unions like a business where only the union bosses prospered on the backs of their members.
I want made in America once again and I want a healthy and prosperous middle class but that can only happen in our people think for themselves.
“Chuck Jones, president of United Steelworkers local that represents Indianapolis workers...”
Big Labor supported Obama and his Republican enablers.
I’m not so sure.
In any case Trump Inc. should stop building hotels overseas when that money could be better spent employing American construction workers here in the U.S.
Trumps keeping promises is GREAT.
Why is Mexico so attractive..?
No EPA, no OSHA, no minimum wage. Those are the big ones.
Nixon created EPA, Trump should whip out is Pen And Phone and do away with it.
I wish this would be reported different. What is going on bottom line is Trump telling these companies the corporate tax will be lower starting Jan 1 2017, or July 1 2017. If they stay they will being doing better and there will NOT be the incentive to move manufacturing. Suppose they lower the rate to 17% IF manufacturing and operations are located in the USA.
His puissance and his intellect, both of which tower over their mediocrity, exposing them for the intellectual dwarves that they are.
They HATE this TRUTH above all others!
Unless Rexnord has federal contracts, the way United Tech does, this will prove to be a more thorough test for Trump.
Hope it works out, and I give Trump credit for standing in the batter’s box and swinging. He’s done more as president-elect than his three predecessors did in 24 years. I’d like to see the smart guys move out of the corporate finance functions and back into production and thinking about process. Reestablishing a manufacturing base is going to take a lot of time and effort, and I can see how the domestic labor market and defense sectors need it, but the trial by fire will be whether the corporate purchasing market responds favorably. If by some means it happens and they can even export, Trump will silence a generation of critics.
there is a 100 year old casket manufacturer in Mississippi (Batesville Casket Company,) that is moving to Mexico too.
Let’s boycott them and don’t die!
So Trump isn't done. And we will need to apply tariffs to companies like Carrier and Rexnord. And we will need to insist that government purchases buy US-made products. If you want an advantage in the bidding process, show that your product has higher US content than your competitor's.
Once again, we need a fundamental re-thinking of “Free Trade Reaganism.” That works under two very critical conditions.
First, the US can and will force open ALL markets to genuine free trade. This hasn’t happened in the last 20 years. Japan is the classic example: American beef ranchers cannot ship anything into Japan. I have a Libertarian friend in the electric pump business (big water pumps). He said “I believe in free trade, but there is no free trade anywhere.” He has to go through one regulatory hoop after another to “freely” trade in foreign countries. When Britain was fully engaged in “free trade” in the 1800s, her navy was the biggest, most powerful in the world and would at gun point open ports.
In the Ike years, yes, we had “free trade” but only because every other major nation in the world was flattened or broke. We DOMINATED both world trade and manufacturing because we were the only ones with stuff to sell and the ability to buy.
The second factor is national defense. You cannot allow your defense infrastructure to go away. This company is a case of ball bearings manufacturing: how many of those do you allow to go overseas or to Mexico? You need steel, electronics, computers, basic manufacturing here.
So the “free trade Reaganism” has not existed for a long time, and I think even Reagan would disavow it.
Why Monterrey? What incentives are particularly there that Carrier was building a plant there. We are in Mexico right now and people are fleeing that drug cartel infested state. Are the drug king pins and their political cronies working with US companies?
In WWII one off Churchill's strategic directive was for priority in bombing ball bearing factories.
Yeah, Mr. Jones? Well maybe if you didn't force Rexnord to pay 25 dollars an hour for a job that would pay 10 or 15 dollars an hour they wouldn't even have to think of moving to Mexico.
BTW, how much do you make an hour Mr. Jones?
Who have (has?) Unions been supporting for the last 30, 40, 50 years?
Bless predid Ng atrump. In the long run I’m confident he will secure reform of our trade and tax policies so that they no longer propel, reward the export of our jobs. Right now all he can do is “jawbone on an individual basis. And -— bless him — he’s doing it for us! Thank you DJT!
The UNITED STATES must be SELF-SUSTAINING for its preservation.