The US DOE gave Carrier a tax credit and that caused them to move to Mexico? Wait, what?
Nation Review = Cheap Labor Whores.
Makes no sense. The paid glowBULList corporate apologists are losing it.
I spec HVAC equipment and know many others in the business.
My friends and I let them know we won’t be sending UTC another dime in our business after this decision
Since corporations ain’t people, regardless of what Mitt Romney says, they are entities made up of and by people. Entities, whose only purpose is to generate profits for the shareholders (Owners). So United Technologies Corporation made as much profit as they could from the government(s), then moved to greener and cheaper pastures. Condemning them for making a (seemingly smart) business decision is as silly as condemning the boy king for being an immature socialist Son of a Bitch.
It is just his/it’s nature.
That says it all right there.
THERE IS NOTHING GOOD THAT CAME FROM THAT STIMULUS BILL. NOTHING. IT WAS A GIANT BOONDOGGLE OF WASTED TAXPAYER MONEY THAT WAS USED FOR EVERYTHING FROM PAYING FOR OPERATING FUNDS TO PAY FOR QUARTERLY HEALTH CARE PREMIUMS FOR TEACHERS UNIONS TO BUYING DODGE CHALLENGER POLICE CARS FOR LOCAL POLICE FORCES. THE ENTIRE STIMULUS AND RECOVERY ACT WAS A GIGANTIC SCAN.
Another Connecticut FAIL.
United Technologies isn’t even an American Company. They are British.
The article ignored the cause and effect in inIndiana where theCarrier plant in question actually resides
The author in question changed the subject to failed green energy efforts of the Obama Types
Obamaeconomy at work. Or rather not at work.
When UTC bought Carrier and closed the factory in Syracuse I don’t remember anyone in Indiana complaining.
The only candidate that is preaching the right things to "make the country great again" is Trump.
Prosperity, and economic growth will cure all our ills.
Wrapping yourself in the armor of Christ isn't the answer this time.
Despite receiving millions in federal support to create domestic green jobs.
With the move that puts them in the double dipper club and their products on the do not buy list failure to ensue.
“Connecticut’s Department of Economic and Community Development launched a valiant effort to save the failing company, offering a $1.4 million loan and promising to forgive $650,000 of that sum if ClearEdge could retain 17 jobs and create 80 new ones by 2017.”
More evidence that NR is no longer conservative in any meaningful way. CT under Malloy has repeatedly jacked up taxes for businesses and individuals alike—and then they play this crony capitalism game of trying to bribe specific companies to stay in their terrible business environment. Didn’t work when they tried to buy of GE either.
I get that.
I started at Hamilton Standard and later with UTC Fuel Cells (which was renamed UTC Power)
Fuel cells/Power never made a profit, the CEO was intrigued with the technology and kept as afloat years.
Fast forward to a new CEO who was looking at all the divisions and decided we didn't fit in (not to mention we lost about 80 million dollars a year)
The company went up for sale but who would pay anything for a very unprofitable unit?, enter ClearEdge.
ClearEdge was a fuel cell company with a huge contract with Australia, they couldn't get their stacks (look it up if you desire) to function for months let alone years.
Enter UTC Power, we made Fuel cells for Apollo as well as the space shuttle without any problems.
It wasn't that we couldn't build a reliable, quality unit but that the cost was to high.
Ultimately we were given away (with 48 million in cash) to ClearEdge.
Upon the sale half of the workforce was released within two days.
I worked as an inspector, their were 9 of us and 11 Quality Engineers.
After the fallout their were 2 inspectors and 1 Q.E.
I found employment at another company in just 6 weeks and not only got a pay raise but collected severance for 5 months.
ClearEdge called me to come back a week after I started my new job, I had been in contact with a former coworker who told me the same losers they had running the company were still running it.
I guess you can't fix stupid)
Needless to say I turned down their offer and am still with my current employer.
Most ironic of it all is I am back in the building where I started as a contractor working at UTC Aerospace (new name but the same) as a Quality Engineer.
The bottom line, subsidies, tax credits and loans to private businesses don't work.
Sink or swim should always be the way and if your products are priced to high or the demand isn't there you sink.
In a closing note, the geniuses they hired from MIT (and other higher learning institutions) never fixed a design, never do this.