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Message
re: Bayou Steel in Laplace shutting down 376 layoffs
Posted on 10/4/19 at 3:35 pm to MrLSU
Posted on 10/4/19 at 3:35 pm to MrLSU
LINK /
‘Earlier this week the news hit that Bayou Steel, the LaPlace-based scrap metal recycling mill, is shutting down operations and laying off some 376 employees. The Bayou Steel layoffs, which our sources tell us are part of a Chapter 11 bankruptcy filing and the plant might reopen before the end of the year (we’ve heard two different stories on that), represented a politically-embarrassing data point for Louisiana governor John Bel Edwards – whose camp has been vigorous in their attempts to sell the Louisiana economy as robust.’
‘We checked into this, and what you would expect to be the truth, is. Bayou Steel’s raw materials are predominately domestic. Not imported.
This is the kind of statement a politician like John Bel Edwards, who tells lies designed to bamboozle the ignorant and the stupid, will make as a matter of course.
He goes and blames Trump for Bayou Steel’s closure, knowing that his base will believe it because they want to believe bad things about the president. And he does it because he knows nobody in the legacy media will challenge him. They won’t challenge him because (1) they don’t know anything about business, (2) they’re lazy and (3) they want to help him.’
While some may not consider the hayride as their first choice of news, this article summarizes JBE’s ridiculous statements that this mill closed due to tariffs on imported steel.
‘Earlier this week the news hit that Bayou Steel, the LaPlace-based scrap metal recycling mill, is shutting down operations and laying off some 376 employees. The Bayou Steel layoffs, which our sources tell us are part of a Chapter 11 bankruptcy filing and the plant might reopen before the end of the year (we’ve heard two different stories on that), represented a politically-embarrassing data point for Louisiana governor John Bel Edwards – whose camp has been vigorous in their attempts to sell the Louisiana economy as robust.’
‘We checked into this, and what you would expect to be the truth, is. Bayou Steel’s raw materials are predominately domestic. Not imported.
This is the kind of statement a politician like John Bel Edwards, who tells lies designed to bamboozle the ignorant and the stupid, will make as a matter of course.
He goes and blames Trump for Bayou Steel’s closure, knowing that his base will believe it because they want to believe bad things about the president. And he does it because he knows nobody in the legacy media will challenge him. They won’t challenge him because (1) they don’t know anything about business, (2) they’re lazy and (3) they want to help him.’
While some may not consider the hayride as their first choice of news, this article summarizes JBE’s ridiculous statements that this mill closed due to tariffs on imported steel.
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