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Keeping Ormet Facility Open

February 28, 2013

One of the very few large manufacturers left in the Ohio Valley, a region once an industrial powerhouse, filed for bankruptcy protection this week. It will not be easy for the firm to recover....

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impact

Feb-28-13 11:54 AM

In other words, the Governor should help pick winners and losers?

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TrollSlayer

Feb-28-13 1:36 PM

impact, why not? The President has made picking winners and losers his strongest campaign fundraising strategy.

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Ragnar

Feb-28-13 6:47 PM

Ormet should have gone the way of Wheeling-Pitt and Weirton. All three were propped up by taxpayers for years. GM and Chrysler should have met the same fate.

The government has no business subsidizing companies OR people. It has no business interfering in the marketplace. The government's only job is to protect against force, fraud or theft. That is all.

If you can't produce and sell a good or service for less than it costs you to make it or do it, you will go broke. That is life and that is a lesson that built this nation.

Today's youth are steeped in a culture of "diversity", gayness, liberalism, Big Government, debt and handouts. They are also spoiled, self-centered, overindulged and given a false sense of self-worth by their parents who are not much better.

I smell destruction in our future.

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oldsteelmaker

Feb-28-13 8:50 PM

I'm a little surprised that electricity price is one of the factors cited. Spot electricity is cheap these days, as more gas fired plants are coming on line.

Wonder if they own the mineral rights under the plant? It might be worthwhile to frack under the place, and put in their own powerplant. Something for the new owners to consider.

I believe WP had some old-style wells on the property.

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oldsteelmaker

Feb-28-13 8:52 PM

If someone wants to come in, stop bellyaching and welcome them. Half a loaf and all that...

Just bear in mind, the old contract was one of the factors that killed this place. Ask any former Weirton or WP worker if they could go back and take a pay cut to keep their plants open.

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richardwhee

Mar-01-13 2:04 PM

"Sink or swim" "Compete or die" Without Gov help.

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