Thursday, March 31, 2005
Timken Earnings Up After Laying Off 1300 in Ohio
Timken Steel reported better than expected earnings for the first quarter this year. I guess that Chinese sweatshop steel is good for James Timken's pockets. You might remember that President Bush visited a Timken plant in Canton, Ohio on the campaign trail in April of 2003. Workers at the plant loudly cheered as the Bush crowed about how he was going to help manufacturers like the Canton mill. That mill , along with two others, closed within a year of this visit resulting in 1300 layoffs. So while the Timken family (major Bush supporters) is getting fat, their former employees unemployment has now run out. Like I've always said, I don't have of problem with the right's elocution of class warfare, I have a problem with their prosecution of class warfare.