Valparaiso, Indiana—Late last summer 160 high-tech magnet workers lost their jobs at Magnequench Inc. When the seven remaining workers are laid off it will mark the end of U.S. production of the world’s most advanced permanent magnets, tiny but crucial components in computers, automobiles and consumer electronic products—as well as cruise missiles and the Joint Direct Attack Munition bomb. Over… return to article
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Reader Comments (7)Page 1 of 1 pagesKeep these stories coming! About how bad our economy is under the Bush administration.
Posted by John Marchese on Jan 23, 2004 at 12:21 PM Great article. . . true ammo for every time some windbag conservative says that Clinton “sold us out” to the Chinese. Well, looks like Bush is selling us out to the Chinese as well. Since they already own almost all of our bond debt [that Bush has racked up over the past 3 years] China will practically own us 15 years from now.
Also a good piece because, contrary to propaganda, liberals do care about national defense issues.
Keep up the good work.
Posted by Ed Mellon on Jan 23, 2004 at 5:12 PM I guess the Chinese government leaders are still following the advice of Lenin, who I believe said that the capitalists will sell us the rope with which we will hang them. I doubt that President G.W.B. has and probably cannot even spell Lenin correctly!
Posted by Gary Cook on Jan 23, 2004 at 5:36 PM David Moberg is a terrific writer! Thanks for publishing this item. Does it not foreshadow difficult times ahead with China? I think so, and I think it’s just another example of bushite stupidity....or worse!
Posted by Alan Taylor on Jan 24, 2004 at 1:02 AM It seems that industry is not only amoral but a-cerebral as well. Ismael sold his birthright for a bowl of stew After American industry finishes we won’t even have the bowl!
Posted by jtsnyder on Jan 24, 2004 at 3:46 PM In my humble opinion, i believe the current Bush administration--and previous ones--are deliberately helping China become a superpower on equal footing with the U.S.
That way, China can become the next “boogeyman” that Washington will protect us against at all costs.
Which will serve the interests of the corporate-militarily-industrial complex just fine.
Posted by Greg Bacon on Jan 26, 2004 at 5:52 AM Even without the “boogeyman” scare tactic it serves their interests. Multinationals have no loyalties to any particular country. They’re just spys working for their home country, a little place called Profitland. They can screw workers and consumers all over the world from anywhere, doesn’t matter to them. Under the the American Flag or the Chinese Flag, with the backing of American troops or Chinese troops. God save us all.
Posted by Phil on Jan 26, 2004 at 3:05 PM Page 1 of 1 pages -
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