112-Year-Old Apparel Maker In Pa. To Close

Manufacturing Net ^ | Sun, 11/04/2012 - | Michael Rubinkam,

[robowombat]

This is fascinating as FesslerUSA had the kind of management and did all the right things that should make its story a chapter in any manufacturing management text.

[stephenjohnbanker]

” Meck, a wily businessman with nearly four decades of experience, insisted Fessler could have survived had he found a willing lender.

“Very quickly it became clear that new regulations that were being placed on banks were crippling banks’ ability to do business, “

There you are.

[Democrat_media]

China makes most of our stuff: Obama makes U.S. uncompetitive

The U.S. economy is crap . We can’t even make most of our own stuff we use as China is making that and beating us. Obama has been president for 4 years so it’s that piece of crap’s fault.Obama’s socialism has destroyed the U.S. economy . We have much more coal, oil, shale oil , natural gas etc. than China but Obama is restricting energy production which could have created cheap energy for manufacturers . Instead China is building 1 coal power plant per week and makes most things we use ( more every day but the media lies and says the economy is great). 17 million more people on food stamps, 8 million more on disability , 20 million more unemployed. millions of manufacturing jobs lost , 50% college grads can’t find jobs, other good jobs replaced with fast food jobs and part time jobs all this with 6 trillion $ in debt it added on us . after election Obama ‘s EPA plans to almost completely shut down coal,oil, natural gas etc. Don’t you democrats and other voters for Obama get it socialism never works

[randita]

PA Ping!

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Thanks!

[isthisnickcool]

Romney gets this! It is the Dodd/Fankinthebutt law.

In one of the debates Romney addressed the topic perfectly. He was 100% spot on and I was more than a little impressed that he knew about this disaster of a lew. The way Romney described the “kiss” given to the big banks. See here:

http://www.huffingtonpost.com/2012/10/04/mitt-romney-too-big-to-fail_n_1938096.html

America is primed for one of the biggest awakenings in its history. I was never a big Romney fan but over time I have been able to see he is the right guy for the right time. He gets it because he has lived the dream himself.

[stephenjohnbanker]

The best thing Romney has going for him is his financial talent.

[GOPJ]

These folks should try to hang in there until Romney’s elected. If Obama’s team cheats to win, they might as well close up shop ‘cause things are gonna be getting worse.

[Humal]

Will these companies, FesslerUSA isn’t the only one, be able to go back into business after Romney wins — assuming the company wants to. Romney talked about another company that had this happen to them, and they spoke to him “with tears in their eyes”. There must be hundreds of these kinds of stories.

[bjcoop]

This my home town! I’m away at PSU right now though.

[Carriage Hill]

“Five years ago, third-generation owner Walter Meck and his family were feeling so good about the company’s prospects they doubled capacity...”

I did the same thing with the Family Farm Business, in 2007; in 2010-2011, a thriving $8.5mm business came tumbling down, after 21yrs, even though I downsized from 28 to 6 employees, and cut overhead by 60%.

EPA, USDOT, ACoE, DER, DEP, Ag Dept, Int Dept etc etc etc just buried us with taxes/rules/regs/taxes/fees/permits/fees/taxes/inspections/fees/taxes until I closed it down Nov 1, 2011.

[DoughtyOne]

FesslerUSA had survived war and depression, free trade and foreign imports, producing millions of knitted garments from its base in eastern Pennsylvania. Five years ago, third-generation owner Walter Meck and his family were feeling so good about the company's prospects they doubled capacity, moving into a former pencil factory outside the small town of Orwigsburg.

But alas, they couldn't survive hurricane Obama. Four years of wind. Terrible amounts of damage. No relief in sight.

[DoughtyOne]

Sorry to hear that Carriage_Hill.

[Carriage Hill]

Thanks, DO. In 21yrs, I employed 604 people, and took care of a lot of people, families and hugely-helped the regional economy. We had a good run. Family Farms are under attack and are being destroyed by the hundreds, every week. This forced, so-called “retirement” isn’t much fun, compared to owning/running an operation of that size, scope and power.

[rlmorel]

bfl

[kearnyirish2]

If this guy had been a woman or minority he would have gotten the loans; race- and gender-based wealth redistribution at work.

[DoughtyOne]

Hurricane Sandy was bad. There’s lots of pictures to prove it.

Hurricane Obama was worse. There aren’t any pictures to prove that.

So we weep at the sight of what took place on the East Coast, and forget that exponentially more people have been ruined over the last four years. Who gives a rip about their lost homes, their lost dreams, their children growing up in poverty?

Four more years of this? No thanks.

Tomorrow can’t come soon enough.

[DoughtyOne]

I spent ten years on a 120 acre farm. I was young, but I remember quite a bit of those years. I have a soft spot in my heart for farmers. IMO, they’re the life-blood of the nation.

[TigersEye]

Who is John Galt?

[Carriage Hill]

You are so right about that. We’re now a dying breed, too. Agri-Business/Gov’t is taking it all over and once they control the food chain, they control all of us.