As Wall Street continues to fail, the fallout is the closure of production plants. This boat building facility is one of the few manufacturing industries left in the USA. The production workers know how to put together their product. Finding the raw materials and marketing costs are the only other expenses they face to SELF MARKETING. To that end, state and local governments can look to market-share to attempt to return jobs to economies.
These skilled workers will have needs, have to pay mortgages and basically make a living. They contribute to the economy as well as produce a product. By ridding the USA of Wall Street's draconian hold on the USA, a 'market' economy can ensue beginning at local levels. To return to a 'Wall Street' level of production isn't in the best interest of the people of the USA.
To have skilled workers to join in 'cooperatives' of labor will produce an economy when that effort is accompanied by state and local governments that provide nurturing environments and 'grants' for 'start-up' operations. No one is going to tell me there aren't people that want to buy boats. I know there are. Some of them are on the production line of their own factory. To allow this level of degradation to the economy of any market in reaction to Wall Street's disappointment in profit taking is done so in helplessness and not lack of will or ability by the American people.
The market share that remains in the absense of this boat manufacturer will 'go elsewhere' to fulfill their needs. When that happens, the USA economy has not only lose jobs, but, future growth.
Think about it.
While sitting on unemployment waiting for a miracle, what are you doing to insure the future of your well being and that of your country ?
So much for everyone's second tax deductible home.
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...The company said it would “mothball” the facility by year-end, meaning that it reserved the right to reopen operations if the dismal market for fiberglass boats turns around, said Daniel Kubera, a spokesman for Brunswick in Lake Forest, Ill.
The boatyard’s closing is part of an accelerated plan to cut costs by $300 million. Three other fiberglass boat plants – in Minnesota, Oregon and Washington – will be permanently closed, Brunswick said.
Kubera did not hold out much hope that the Navassa plant would return to operation soon....
Brunswick Plans Corporate Restructuring; To Eliminate 1,450 Jobs (click here)
10/9/2008 5:08 PM ET
....The company said that due to the anticipated drop in sales, following the proposed closure of plants, it does not expect to achieve its goal of posting positive earnings in fiscal 2008. On the news, the stock dropped by 20.8% and hit a 52-week low of $7.92.....
