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You Didn't Build That! Another Company Obama Site's As A Product Of His Awesome Financial Recovery Closes...

 
Saddletramp
We Don't Rent Pigs...

User ID: 740874
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01/04/2013 11:08 AM

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You Didn't Build That! Another Company Obama Site's As A Product Of His Awesome Financial Recovery Closes...
Lincolnton Furniture Company closed abruptly Thursday just one year after it was hailed by President Barack Obama as an example of the recovering U.S. economy.

Furniture-making operations stopped indefinitely and only a few people will remain employed moving forward, company financial officer Ben Causey said.

“I don’t know where it’s going to go exactly; we’re still evaluating our situation,” Causey said. “We just didn’t have any choice at this point.”

The company was not receiving the orders it needed to sustain its operations, Causey said.

“We needed more orders is really what it boiled down to,” he said. “We thought they would materialize.”

Owner Bruce Cochrane, a fifth generation furniture-manufacturer, formed the company in 2011 with a $5 million investment and the hope he could make a profit off people who wanted to buy furniture made in America.

It was a move that caught the attention of North Carolina officials and those in the White House. Last year, Cochrane sat with the first lady during Obama’s 2012 State of the Union Address. He also joined the president and other business leaders in a discussion about how to create more jobs at home...



Read more here: [link to www.miamiherald.com]

Last Edited by Saddletramp on 01/04/2013 11:09 AM
"And how can a man die better than facing fearful odds, for the ashes of his fathers, and the temples of his Gods..." ~ Horatius

"Because he told the truth, and once you've heard the truth, everything else is just cheap whiskey..."
Saddletramp (OP)
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01/04/2013 02:20 PM

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Re: You Didn't Build That! Another Company Obama Site's As A Product Of His Awesome Financial Recovery Closes...
What was it they said, Obama only backs the losers...

laugh
"And how can a man die better than facing fearful odds, for the ashes of his fathers, and the temples of his Gods..." ~ Horatius

"Because he told the truth, and once you've heard the truth, everything else is just cheap whiskey..."
Anonymous Coward
User ID: 1531425
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01/04/2013 02:24 PM
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Re: You Didn't Build That! Another Company Obama Site's As A Product Of His Awesome Financial Recovery Closes...
my god, I've never seen anyone waste so much money....
Saddletramp (OP)
We Don't Rent Pigs...

User ID: 740874
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01/04/2013 02:46 PM

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Re: You Didn't Build That! Another Company Obama Site's As A Product Of His Awesome Financial Recovery Closes...
my god, I've never seen anyone waste so much money....
 Quoting: Anonymous Coward 1531425


Our government is a veritable cornacopia of waste and corruption...
"And how can a man die better than facing fearful odds, for the ashes of his fathers, and the temples of his Gods..." ~ Horatius

"Because he told the truth, and once you've heard the truth, everything else is just cheap whiskey..."
Chrit

User ID: 27088294
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01/04/2013 02:52 PM

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Re: You Didn't Build That! Another Company Obama Site's As A Product Of His Awesome Financial Recovery Closes...
Investing in a looser just means losing more.

If the businesses was remotely feasible in the first place they would have been making money and reinvesting the profits for upgrading equipment.


No different than the clean energy scam, if it could make money we would all invest in it.
I'm only human, it's my biggest flaw.

We must all realize a sink a chair and a pillow are all luxuries of home and a soldiers helmet takes the place of all three.

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