Well, the plant was closed NOT by touchy-feely Hollywood elitists but by greed run unchecked. After two leveraged buyouts-you know, where the buying company borrows all the money to purchase instead of putting real money down-by manufacturing concerns, the equipment contained in the mill was sold to a third company and the operation shut down. How do I know? I worked there a short while in college, and a friend of mine worked there until the bitter end, about '97 or '98. Boy, little had changed since the unionization-that place was DANGEROUS. WestPoint Pepperell a couple of miles away was little better, and they too were leveraged out of existence eventually. Blame it on Gordon Gecko and the Wall Street types who made FORTUNES shuffling money from one pile to another without creating anything of real value. Wonder when all their falsely-inflated stock values are going to crash down as we realize our economy is based not upon making goods with real value but in transferring money from one sector to another? Oh, wait, it already has!! Egad-the Collapsing Economy Apocalypse is upon us!
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mgurbada909
15 years ago
We're all waking up from the "American Dream", guys. At least, from the corrupt version that prevailed for the past 40 years.
The process is going to be painful- facing the truth about ourselves always is. But, we're gonna make a comeback.
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