Read this terribly written statement about a documentary being produced by the Obama's for Netflix:
'American Factory' documented how employees at a former General Motors plant in Moraine, just outside Dayton, Ohio, suffered the impact of globalization following the closure of the glass manufacturing site in 2008.
The documentary picked up after the plant after it was bought by a Chinese billionaire. https://www.dailymail.co.uk/femail/article-9229287/Obamas-production-company-Netflix-announces-new-shows-movies.html https://archive.is/wip/n8P63
I guess nobody proofreads anymore, but I digress. Let's look further into the story...
...by the time the last SUV rolled off the assembly line here, the city of Moraine had succumbed to the flood of inexpensive imports and cheap foreign labor that battered industrial towns in Ohio and across the country.
Now Cho Tak Wong is in charge of the factory. The billionaire chairman of Fuyao Group, the biggest maker of automotive glass in China, Cho rose from rural poverty by riding the same wave of globalization that devastated Moraine — a living example of the reversal of fortune that has turned China into the United States’ chief economic rival in public debates and political rhetoric. At a recent campaign stop in this perennial swing state, Republican presidential nominee Donald Trump called trade with the country “a one-way street.”
But the next chapter of globalization is already unfolding inside Fuyao’s factory, as the balance of power in the world economy tilts once more. Now it is China that experts fear is losing steam, forcing the country’s wealthy investors and corporations to seek out profits overseas. They are snapping up U.S. businesses at a record rate and employing tens of thousands of U.S. workers.
The shift is realigning Chinese and U.S. interests. In Moraine, local officials are counting on Fuyao to help revitalize this town of strip malls and dollar stores. Yet it probably will never be enough to replace what has been lost over the past generation. Nor is it likely to restore the momentum that is slipping away in China’s economy.
Still, Cho is convinced that such companies as his will ease the economic tensions between the two countries. Under gray skies and drizzling rain that day, he made his way to the factory that he has spent two years and a half-billion dollars renovating. The street it sits on has been renamed Fuyao Avenue. Outside the front entrance, the American and Ohio state flags fly alongside Fuyao’s blue-and-white banner.
“We’re committed to working to benefit both the Chinese and American trade relations,” he said in an interview, speaking through a translator. “All these problems will go away.”
“This U.S.A. is his baby,” said Mike Fullenkamp, operations manager of the plant in Moraine.
Cho was among China’s first wave of entrepreneurs, and his rag-to-riches story mirrors the country’s own. Growing up in impoverished Fujian province under the strict communist regime of the 1960s and 1970s, Cho often ate only two bowls of soup each day, leaving him so hungry that he would scream in agony.
“I’ve lived through the toughest times in China,” said Cho, now 70. “Even if I want to cry, I have no tears.”
At a campaign stop in Ohio this month, Democratic nominee Hillary Clinton called out China for dumping steel into the U.S. market. Trump was even more pointed.
“They’re stealing our jobs, they’re stealing our companies, they’re taking our money,” he told his supporters in the state last week. “We have drugs, we have debt, we have empty factories.”
But the reality in Ohio is more complicated. State officials — including Gov. John Kasich (R), who ran against Trump in the presidential primary — courted Fuyao with more than $10 million in grants and incentives, one of their biggest packages on record. In return, Ohio is anticipating a $280 million windfall for its economy.
https://www.washingtonpost.com/news/wonk/wp/2016/10/26/a-chinese-billionaire-is-staking-his-legacy-and-thousands-of-american-jobs-on-this-factory-in-ohio/ https://archive.is/FulPu
Later in the article, it states that when the plant was owned by GM, workers made $30/hr. When Cho took over, employees earned $12/hr.
I suppose by creating this documentary, it's the Obama's way of giving a hat tip to China and pushing the narrative that China and globalism are going to help America build back better.
However, I do find it interesting that the WaPo article specifically states that the manufacturing plant was devastated by globalism, then restored because of globalism. Sure sounds like an abusive relationship to me. I especially like the way Cho mentions the pain he experienced growing up in a communist country, yet he comes here and hobnobs with the US Marxists who are doing all they can to turn this great nation into a communist hell hole.
(post is archived)