Tuesday, November 24, 2015

Critics Assail Alcoa Deal

      The further you get from the deal, the less rah-rah....The Post Standard says the Alcoa deal to keep six hundred jobs is the fourth such deal in a decade at the Massena plant. The P/S claims the latest subsidy amounts to $115K per job "saved".
      Despite critics, a deal is what people wanted up here and it was a celebratory moment for Governor Cuomo and Senator Schumer who said they pressured Alcoa to abandon a policy of betrayal.      ttp://www.syracuse.com/state/index.ssf/2015/11/alcoa_shrinks_jobs_pledge_in_latest_69m_aid_deal_with_ny.html#incart_river_home

11 comments:

Anonymous said...

It's a deal,until these two guys are out of office,and probably doing the same thing to the country that they have to the state,the place will fold and ny will continue to decline.

Anonymous said...

This is going to continue until we start fighting back against the dummycrats assault on capitalism. What do expect business to do when idiots like clinton and sanders are calling for 6 months of paid family leave?
So they spent a ton of OUR money and we're only losing a hundred jobs? Bravo!

Anonymous said...

Yes it is a good thing for Massena to be spending your grandkids futures. Just like it is a good thing for Jefferson county to spend it at Drum. At least in theory, until you realize that is what they have been doing since the 80's and that is why we are in the predicament.

Anonymous said...

Alcoa has to be laughing it's collective ass off. The blackmail has worked once again.

Anonymous said...

Cuomo and Schumer didn't save the jobs, NYS taxpayers did. How stupid are we to buy into this.

Anonymous said...

I agree it is a good thing for Massena which has done little to diversify its employer base. Just like Jefferson County. Good news for them, bad news for the taxpayer.

And the math works at 100k/job. Bet if you ask the 600 whose jobs were "saved" if they would rather have $100 in a lump sum and not have to work most would say yes.

I am sure Schumer is a laughing stock at Alcoa - "They made a mistake and I showed them" - by essentially guaranteeing their level of profitability for the next 3.5 years. And likely beyond when they announce the closure again then.

Anonymous said...

60 million to save these jobs yet if Alcoa breaks the deal they have a 40 million dollar penalty. My math says Alcoa up by 20 million if they break the deal . Winning?

Danny M. Francis (Eyepublius) said...

Bad news for taxpayers, indeed... but great news for reelection flyers and campaign slogans and stuff - all to raise tons of money ... yip dee frickin' dee.

and the best one for that job: Chuck Schumer, Mr. Mic and podium guru faster than a speeding sound byte. He is after all, "The guardian of Israel" he once said in a speech at AIPAC. I lost 100% respect for him at that very moment.

Anonymous said...

Even worst, the deal is only for three and one-half years and if history is any guide, Alcoa won't live up to the deal if it advances their interest. The money being spend here and on other dubious projects could be better used to lower taxes and reduce regulation . This is what the state must do to make it business completive.

Anonymous said...

I,m really suprised Mayor Nelson of the Burg didnt comment on the matter. He is really glad for the people of Massena and the hundreds of jobs saved in the area including Ogdensburg. Mayor Nelson thanks Addie personally and wishes her well in the upcoming year. Almost one hundred and fifty Ogdensburg residents get to keep their job and their mayor remains politically mum,.... Not speaking much for him

Anonymous said...

Dannie, Schumer lost your "respect" when you put two and two together and realized he will be senator for life. You only mouth the party line when something or someone is being credibly challenged. Other than those times, you stay quiet, as it were. It's really kinda smart. Don't waste ammo on guaranteed lifers. Good military thinking.