NVDAILY.COM | Opinion
Posted October 27, 2012 | 2 Comments
Letter to the Editor: Vulture capitalism hits Winchester area hard
The Winchester area has been especially hard hit by the vulture capitalism of Mitt Romney-type hedge funds and Paul Ryan-type Ayn Rand economics. Witness the closing of Federal-Mogul, General Electric, and American Woodmark plants in the area. Even the automotive parts plant in Strasburg is threatened.
The Wall Street brokerage banks care little about the impact of their decisions on ordinary American workers, their families and communities. They are concerned only with higher profits, and fighting off government regulation for the public interest. They make millions in campaign contributions to any politician regardless of party or principle so long as they are given a free hand to plunder the nation's resources, environment, climate and workers. Their patriotism is nil and non-existent. If they can get cheap labor through lower wages, they do not care how many Americans are put out of work or to which country they move their jobs to. Their plan is to privatize profits and socialize costs. They pocket the profits for themselves and push the cost of unemployment on the government. They pay little or no taxes by setting up off-shore sham corporate offices and laundering their money through tax- haven countries with weak government structures.
If you or your family or your friends have been affected by closing of Federal-Mogul, General Electric or American Woodmark plants here in the Winchester area, it is in your interest to vote for President Obama, Tim Kaine, and Kristin Cabral. If you would be adversely affected by the closing of the automotive parts plant in Strasburg, you should vote for Obama, Kaine and Cabral.
Obama saved the American automobile industry. Romney said, "Let Detroit go bankrupt." Obama has saved manufacturing jobs in America. Romney made his fortune "harvesting companies" by taking them into bankruptcy, liquidating the companies, putting workers out of work and causing them to lose their pensions.
Warren D. Golightly, Winchester